Life of Loan Association Surveillance
HOA obligations need to be tracked just like taxes, flood, and hazard insurance as these affect the collateral of a mortgage. Mortgage investors/servicers need to track payments on HOA obligations but have historically not been able to get it.
offers association payment verification services for mortgage servicers and banks throughout the United States. Compliance with association obligations is an important part of home ownership and is required by the terms of the mortgage used to purchase the home that is situated within the association. Mortgage servicers have an interest in up-to-date information regarding the mortgagee’s compliance with association obligations related to the home upon which the mortgagor holds a lien.
It Makes Proactive and Real-Time Tracking of HOA Payments Possible
Track if borrowers are making timely payments or not
take timely action using the amount outstanding and make up of the outstanding obligation
It Also Protects The Communities' Interests
Late fees annually assessed by associations to homeowners are in excess of $500M. By paying these as part of the mortgage payment these will greatly be reduced if not eliminated
there is consistent visibility leading to reduced friction
No One Can Match Our Technology, Expertise and Network
SPERLONGA ASSOCIATION ASSESSMENT COMPLIANCE TRACKING
Ensuring Compliance . Protecting Real Property
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