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HOA Data and Services

HOA Data and Services

The vast and growing number of condo and HOA associations across the U.S. make it complicated to obtain information about them. Black Knight’s HOA solutions help lenders, servicers, investors, and capital markets professionals lower data-collection costs, such as those related to condo questionnaires. Our solutions also help reduce the financial risk HOA liens can pose to servicers and investors. 

The MSP® Servicing System

Black Knight’s HOA Solutions Provide:

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Save time: Black Knight’s experience and processes get results faster than industry averages

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Cost-effective alternative to managing in-house

Nationwide coverage

Accurate and reliable results

Updated balance and payoff information, negotiations, payment processing, and lien release verification

Full Suite of HOA Solutions to Help:

  • Identify the properties in a portfolio subject to an HOA or condominium association

  • Collect condo questionnaire data for origination and underwriting

  • Monitor for HOA liens in super-lien states and territories

  • Retrieve pertinent documents, including CC&Rs and COIs

  • Save time and streamline processes to find association points of contact

  • Validate HOA financial information

HOA Solutions Across the Mortgage Life Cycle

Black Knight’s suite of HOA solutions offer unique features and benefits across the mortgage life cycle to provide flexibility based on business needs. From determining if a property is in an HOA, obtaining contact information, confirming HOA financial status, to monitoring for HOA liens and curing HOA liens, Black Knight’s suite of HOA solutions provide the information needed to streamline and enhance decision-making and manage risk.

HOA Indicator

Data set that provides an automated and efficient solution for the identification of a property within an HOA to determine which properties to search, evaluate and monitor. Learn more about HOA Indicators here.

HOA Identification

Confirms whether or not an association is in good financial standing and provides contact details for the HOA, property management company and attorney or law firm, if applicable.

HOA Direct

Provides a snapshot of a borrower’s HOA account status and includes payment status on a given property, as well as payment frequency, installment amounts, and payoff amounts.

HOA Curative

Cures HOA payment delinquencies with statutory review (post-foreclosure sale), negotiations and payment processing.

HOA Lien Monitoring

Identifies HOA liens and/or delinquency information that may pose portfolio risk through public record searches or direct contact with an HOA. Black Knight’s Lien Monitoring solution – HOA Lien Pro – allows Black Knight to search and monitor your portfolio in all states.

  • Efficiently automate and scale HOA property identification as part of the origination due diligence process
  • Obtain HOA financial information to help determine if they meet the GSE guidelines for delinquency rates and owner occupancy requirements
  • Identify properties in HOA Super Lien states for portfolio analysis and monitoring to proactively identify and mitigate risk
  • Obtain HOA financial information and collect data for condo questionnaire to help determine if they meet the GSE guidelines for delinquency rates and owner occupancy requirements
  • Proactively identify HOA delinquencies and foreclosures, in Super Lien states, to minimize losses

  • Identify delinquent HOA fees, which are often missed as part of a loan modification or a forbearance

  • Cure HOA payment delinquencies, manage negotiations and payment processing

  • Identify unpaid HOA fees or liens during pre- and post-foreclosure to guard against losses

  • Save time by quickly identifying which properties are in HOAs during the title search and examination process

  • Determine if there are potential encumbrances, particularly in HOA Super Lien states

  • Save time by quickly identifying which properties are in HOAs during the title search and examination process

  • Determine if there are potential encumbrances, particularly in HOA Super Lien states

Proactively Identify and Mitigate HOA Risk Today

Learn how Black Knight’s suite of HOA solutions can help you create efficiencies, proactively identify and mitigate risk across the mortgage life cycle.