QBE FIRST Secures Preferred Vendor Agreement with Community Bankers of Michigan
2012-04-10
QBE FIRST Secures Preferred Vendor Agreement with Community Bankers of Michigan
(Atlanta, GA) — QBE FIRST announced it has secured an exclusive three-year, preferred vendor agreement with the Community Bankers of Michigan (CBM) to provide tax tracking, tax insourcing and escrow administration services.
“This agreement is great for Michigan community banks because it offers them reduced pricing for three powerful products that were specifically developed for the independent banker,” explained John Tomko, QBE FIRST’s senior vice president, tax product line executive. “Our total escrow solutions, on-demand tax reporting and tax insourcing products are easy to implement and cost-effective.”
The agreement also opens the door for community banks in Michigan to access the full suite of QBE FIRST products. This includes Mature Market Solutions, a suite of products that help with retaining retiring baby boomer customers, along with expansive insurance and loss mitigation solutions.
QBE FIRST strives to create first-to-market solutions that are designed to assist in managing mortgage tax portfolios in compliant and cost effective ways.
- Total Escrow Solutions is a fully web-based escrow administration platform created to help small and mid-sized financial institutions provide escrow services to their.
- On-demand tax reporting is a low-cost solution for tracking tax delinquencies in a non-escrow portfolio that breaks from the traditional life-of-loan tracking model.
- Tax insourcing provides the data and software needed for banks to provide tax services on a loan portfolio and, in most cases, makes it possible to transform a large expense into revenue.
All three products were developed to adapt to the capabilities of the company’s proprietary tax servicing platform and the unique needs of community bankers.
“We are very excited to provide Michigan community banks these much-needed services that will enable them to continue to make mortgage loans in their communities without having to invest in expensive technology to be compliant,” commented Judi Sullivan, president of Community Bankers of Michigan.
About Community Bankers of Michigan
Community Bankers of Michigan offers two primary types of memberships: bank memberships and associate memberships. Bank members are individually charted banks in the state of Michigan who operate under the community banking philosophy. Associate members are companies and organizations who provide products and services to bank members. For more information visit www.cbofm.org.
About QBE FIRST
QBE FIRST’s scalable tax solutions are designed to help community banks reduce tax servicing expenses and increase revenue with our tax insourcing, custom tax data services, escrow administration services and the FIRST Property Tax System – a comprehensive escrow disbursement management database. We warrant our data to be correct. QBE FIRST is a leading provider of mortgage and auto lender-placed protection solutions, voluntary insurance products, Mature Market Solutions, loss mitigation services and customized property tax solutions. We serve mortgage and auto lenders, mortgage servicers, financial institutions, and homebuilders of all sizes. QBE FIRST is part of QBE Insurance Group Limited. QBE Insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard and Poor's. For more information, visit qbefirst.com.
QBEF0300174
-###-