Leading consumer
credit reporting attorney
says HOA Assessment
Reporting is good for HOAs
and Management Companies.
Learn More

Reporting association assessment
payments to a Consumer Reporting Agency:
How The Property Owner Benefits

Timely payment will have a positive impact on credit scores

More protection of property values

Limit assessment increases and special assessments

Proactive Management
of Assessment Payments
and Cash Flow

Improves association reserves

Improve access to association loans

Limit Legal Fee’s, Bad Debt, Collections Cost

Gain a competitive advantage:
How The Management Company Benefits

More technology and automation to help in managing your associations

Professionalize and streamline your service

Less time spent on delinquencies

Incentivized to pay on time.
DELINQUENCIES are the biggest
nuisance for some HOAs

Negative remarks can last on credit report for up to 7 years

High delinquencies can make it difficult for homeowners and associations to obtain financing

High rates of delinquencies could trigger assessment increases

The Sperlonga Solution

Sperlonga empowers associations and management companies by facilitating the reporting of assessment payment history for each unit each month to a credit bureau. Simply put, we offer a proactive solution that can help improve the financial health of Associations. All while spending less time and money than with using reactive financial management methods. Our service reduces delinquencies, improves association cash flow, and positively impact owner’s credit scores.

Sperlonga’s mission is to continue to build the largest and most dynamic assessment payment reporting solution for the association industry. The service focuses on elevating the importance of the association assessment payment in relation to the other debt obligations of property owners. This is accomplished by using our multi-million dollar proprietary data application to report association payments to a credit bureau. Since our data application is dynamic, it can be customized to accommodate the unique delinquency policies for each homeowner association.

Homeowner Associations can finally stop asking owners who pay on time to subsidize those who don’t. By leveraging Sperlonga’s robust technology, board members now have a solution to help improve their cash flow, reduce delinquencies, build reserves, and improve access to association loans. Board Members and Homeowners now have access to a proactive solution that can protect the association and their property in several ways including protecting property values, limiting assessment increases, minimizing special assessments and helping board members better meet their fiduciary duty. Sperlonga’s goal is to provide associations and management companies with the same credit reporting tool that banks and lenders already use to manage debt and credit related payments. Utilization of such a tool could encourage property owners to view their association assessment payment as being on par with their mortgage, auto or credit card payment.

  • A streamlined approach to improve cash flow

    The automated Sperlonga solution
    The automated Sperlonga solution

About Sperlonga

The Sperlonga History and Mission

Sperlonga was founded in April of 2011. At the time, our country was in the midst of the greatest mortgage crisis in history. Banks, lenders, institutional investors, and government agencies were desperately seeking reliable, easily retrievable, and standardized data on existing HOA accounts for foreclosed properties in homeowner and condominium associations. Sperlonga stepped in to meet the market need and served as a bridge between the mortgage industry stakeholders and the association industry to help manage and reduce delinquent association account risk for both industries.

Sperlonga is an affiliate of Chronos Solutions, Inc. which is one of the most experienced companies in real estate and mortgage services. Chronos is the largest servicer in the nation for the  United States Department of Treasury and the United States Department of Housing and Urban Development. Chronos manages and monitors over 500,000 accounts for its clients and has successfully sold over 40,000 homes for its clients over the past 3 years.

For more information go to ChronosSolutions.com

Sperlonga and Chronos Solutions


Our Executive Team