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FREE PORTFOLIO ANALYSIS



MANAGE RISK WITH HOA DATA AT EVERY STEP IN THE MORTGAGE LIFE CYCLE

With over 351,000 homeowner associations (HOAs) in the United States, more than 26 million housing units are subject to an HOA.1 Having a comprehensive approach to uncovering HOAs in the mortgage life cycle – from origination to servicing and default – is key to managing risk.

Black Knight has a comprehensive suite of end-to-end solutions to identify loans subject to an HOA – including condominium associations and Co-Ops – as well as search and monitor for HOA delinquencies and cure delinquencies.

 

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ORIGINATION

  • Get a complete picture of a property and its liabilities for closing
  • Quickly obtain:
    • HOA legal name and verified contact details
    • If an HOA is in scope or out of scope
    • Complete lender questionnaire
  • Get verbal questionnaires upon request

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SERVICING & DEFAULT

  • Reduce the risk of losing first-lien position in super-lien states by monitoring portfolio for open HOA liens and foreclosures
  • Updated balance and payoff information, negotiations, payment processing and lien release verification
  • Cure HOA payment delinquencies

BLACK KNIGHT’S HOA DATA ADVANTAGE

  • 100% national coverage for HOA identification (where applicable)
  • Coverage in all 23 Super Lien States + NY & TX
  • Accurate and easy-to-understand and interpret
  • Cost-effective solution
  • Extensive document-image database
  • Updated balance and payoff information
  • HOA curative solutions to help resolve delinquency issues, including:
    • Negotiations
    • Payment processing
    • Lien release verification
  • HOA lien monitoring available within Black Knight’s MSP system

FREE HOA PORTFOLIO ANALYSIS

Contact Black Knight today for a FREE portfolio analysis.** We’ll review a segment of your portfolio to determine which properties are in an HOA, how many have HOA liens and the potential risk to your portfolio.

1Source: Dun & Bradstreet First Research, March 11, 2019. Copyright 2019, Hoover’s Inc.
**For new clients only. Up to 100 loans will be reviewed for HOA liens and foreclosure activity.