Associa founds Associa Financial Solutions, Inc.

Dallas, TX, March 01, 2021 (GLOBE NEWSWIRE) – society , the largest community management company in the industry, recently announced the launch of Associa Financial Solutions, Inc., a newly added customer service provider designed to help association boards manage the HOA loan process from loan application to close.

Just as every association is unique in its needs, so every lender is unique in its lending process. To ensure continuity during the lengthy credit process, Associa Financial Solutions was founded to act as a link for community managers, boards of directors, banks and lawyers, providing timely results and regular updates to everyone involved. Associa Financial Solutions helps users identify the appropriate lender, complete loan applications, collect receipts, submit loan application packages, prepare legal opinions, facilitate loan completion and provide remittance training. The service saves community managers and board members the time to search for lenders, fill out the loan application, and compile the application documents. Associa Financial Solutions ensures that the loan request meets the specific project requirements and communicates directly with construction teams, contractors and community managers to discuss project funding.

As many banks are unable to provide homeowner loans, Associa Financial Solutions has developed relationships with partner banks and outside lenders who specialize in HOA loans and maintains close communication with these partners throughout the loan application process.

“The loan application process can often be cumbersome and time consuming. Securing an HOA loan, complying with credit laws and regulations, and maintaining an association’s administrative records require careful attention to detail, ”said Shannon Streenz, Associa’s senior vice president of client service operations. “Just as an association needs a lawyer for legal support or an expert for advice on its insurance coverage, associations also need expert advice on the financing options available to them. Associa Financial Solutions has this expertise and is able to help communities find the cheapest, best option for their funding needs. “

With more than 200 offices across North America, Associa provides unmatched management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unmatched training, expertise and breakthrough innovation. For more than 40 years, Associa has provided solutions that help communities achieve their vision. To learn more, visit www.associaonline.com.

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