ICBA News Release
FOR IMMEDIATE RELEASE
ICBA Mortgage and QBE FIRST Sign Preferred Vendor Agreement
Washington, D.C. (May 9, 2011)-ICBA Mortgage Corp., the mortgage lending subsidiary of the Independent Community Bankers of America (ICBA), and QBE FIRST today announced an exclusive one-year, preferred vendor agreement that will provide ICBA members with tax tracking, tax insourcing and escrow administration services.
"We are very excited to provide ICBA members with these key services," said Ron Haynie, president and CEO of ICBA Mortgage. "Our members want to continue to make safe and sound mortgage loans to their customers, and the relationship announced today with QBE FIRST will help them continue to do just that."
QBE FIRST creates first-to-market solutions that are designed to assist in managing mortgage tax portfolios. The company's three products were developed to adapt the capabilities of the company's proprietary tax servicing platform-FIRST Property Tax System-to the unique needs of community bankers. The programs include:
- Total Escrow Solutions: the first fully Web-based escrow administration platform created to help small and mid-sized mortgage lenders provide escrow services to their customers without giving up servicing the loan.
- On-Demand Tax Reporting: a low-cost solution for tracking delinquencies in a non-escrow portfolio, which breaks from the traditional life-of-loan tracking model.
- Tax Insourcing: Gives users the data and software needed to provide tax services on a bank's portfolio.
"This agreement is great for ICBA members because it offers them reduced pricing for three powerful mortgage loan administration products," said John Tomko, QBE FIRST's senior vice president, tax data, and services product line executive. "Our Total Escrow Solutions, On-Demand Tax Reporting and Tax Insourcing products will simplify mortgage servicing for the nation's community banks."
For more information about the programs available through this relationship with QBE First, visit www.icbamortgage.com.
About QBE FIRST
QBE FIRST (formerly Sterling National Corporation), is a member company of the QBE Insurance Group, delivering specialty insurance and technology-enabled solutions to the mortgage, housing, and financial services industries. QBE FIRST and its subsidiaries provide commercial and residential lender placed insurance services, voluntary consumer insurance products, customer care solutions, and property tax solutions. QBE FIRST is headquartered in Atlanta, Georgia with operations throughout the United States. For more information, visit qbefirst.com.