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Product Overview - Business - HOA Identification and Delinquency Check

Product Overview

The mortgage industry is impacted  daily by delinquent homeowners' association (HOA) accounts, which can affect existing loans, loan modifications, short sales and REOs. Management of these claims has been so fragmented that the ability to communicate and retrieve critical data has been extremely difficult for mortgage industry stakeholders… until now.

Equifax now offers HOA Identification and Delinquency Check powered by Sperlonga Data and Analytics. Access to Sperlonga's HOA database that contains information on nearly 225,000 of the estimated 350,000 HOAs in the U.S. will help you identify properties associated with an HOA, while facilitating compliance with GSE requirements and other government guidelines.

  • Determine if a residential property is located with an HOA or multiple HOAs
  • Find the right contact at the HOA and/or HOA management company
  • Determine if an HOA account associated with a residential property is delinquent (whether dues are current or not)
  • Better manage the preservation of first lien position
  • Retrieve HOA Account Ledgers, W9, and recent HOA account statements

Resolve HOA claims before they diminish returns and threaten your portfolio. Let Equifax help you eliminate portfolio risk by actively managing HOAs.

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