Dallas, TX, March 01, 2021 (GLOBE NEWSWIRE) – Associa, the industry’s largest community management company, recently announced the launch of Associa Financial Solutions, Inc., a new customer service designed to help association boards manage the HOA loan process from loan application to closing.
Just as each association is unique in its needs, each lender is unique in its lending process. Dedicated to ensuring continuity during the long lending process, Associa Financial Solutions was created to serve as a liaison for community managers, boards of directors, banks and lawyers, providing timely results and updates. frequent updates to all stakeholders. Associa Financial Solutions helps users determine the appropriate lender, complete loan applications, collect supporting documentation, submit loan application files, obtain legal opinions, facilitate loan closing, and provide legal advice. training on wire transfers. The service saves community managers and board members the time to research lenders, complete the loan application, and compile the documents to submit the application. Associa Financial Solutions ensures that the loan application meets the specific needs of the project and communicates directly with construction teams, contractors and community managers to discuss project financing.
Because many banks do not have the capacity to lend to homeowners associations, Associa Financial Solutions has established relationships with partner banks and outside lenders who …
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