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National Recorder Information - RID
The Most Accurate Deed Tax and Recording Fee Calculator in the Industry RESPA reform now requires lenders to accurately disclose deed tax and recording fees on the Good Faith Estimate (GFE) when consumers submit a mortgage loan application. Lenders who fail to make accurate disclosures of these fees are penalized with the responsibility to pay for the shortfall themselves. Servicers have long suffered this same fate for under-collecting fees, and worse, class action lawsuits when over-collecting recording fees at the time of a payoff.
Now more than ever, originators and servicers need an accurate fee calculation tool. LPS’ Recorder Information Database (RID™) is the most accurate fee calculator with the most comprehensive national repository of county-level data for fee and recording requirements in all 3,700+ U.S. jurisdictions. RID is updated daily for optimum accuracy, and is available as a Web service or through XML datafeeds.
RID Supports Recording Fee and Deed Tax Calculations for:
• Warranty Deeds
• Trust Deeds and Mortgages
• Quit Claim Deeds
• Modifications
• Assignments
• Lien Releases
• Power of Attorney
• Affidavits
• And many other land record documents
Additional RID features include:
• Recording jurisdiction requirements
• Margins/fonts
• Contact information including mailing addresses and telephone numbers
• Special instructions
• County cover pages
• Blue print of documents
• Recording turn times
• Weekly “Bee in the Know” newsletter
RID Doesn’t Just Deliver Data, It Delivers Return on Investment
Because RID provides the most accurate and comprehensive data available, originators and servicers are assured that their documents will always be compliant, reducing penalties and delays. Instant data delivery saves the time and costs associated with manual research. These benefits enable clients to experience returns on investment (ROI) of up to 18 percent.
To ensure compliance with local regulations and maximize ROI, call 888.DOCX.NET (888.362.9638) or e-mail info@docx.com for more information.
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Recorder Information Database (RID™) is the industry’s most accurate, efficient and cost-effective solution for recording, collecting and paying of fees and taxes in all 3,700+ U.S. jurisdictions.