The Property Taxes menu lets you keep records of property taxes for applicable collateral in the loan. It appears in the Tracking overview menu, when a loan is in Funded status.

• In a loan that is in Funded status, click Tracking in the overview menu.
• In the Tracking submenu, click on Property Taxes.
• Click Add to add a record of a property tax. The Add property tax pop-up will appear.

 

• Select the collateral item this applies to. You will only see real estate type collateral listed here. If you do not see collateral in the list, check your collateral section.
• The Tax Report Date needs to be filled in for the record you are entering to appear in the review menu.
• You can record the type of property tax the record pertains to, the tax period year, tax period, the amount due, and the status of the payment. If the record is for a property that is on a tax plan, you can use the tax plan details section to enter the Term Years for the plan, the monthly payment amount, and the date the property will be current.
• The tax service report section lets you enter a date the report was received and the contract number.
• The review section lets you enter the person who reviewed the record, a date for a letter to borrower, a box to mark if it was paid or not and a comments section.
• Enter the information you need to capture and click save

 

 

To edit a record: 

• Click the name of the collateral in the table.
• The edit property tax pop up will appear. The fields in the pop-up are the same as the create property tax pop-up pictured above.
• Make the edits you require and click save.

 

 

To delete a record: 

• Click the X icon next to the record you want to delete. A confirmation pop-up will appear.
• Click Delete in the pop up to confirm that you want to delete the record.