HOA Specialty Banking
We provide the cash management solutions, multiple payment channels and consultative advice to improve your operating efficiencies. Our suite of cash management and HOA payment systems is designed to lower costs, improve efficiency, and improve cash flow while providing effective management control of your funds. Plus, you have unlimited check-writing abilities and you earn interest on your operating account.
We offer the latest in Cash Management Services to assist you in managing your cash flow requirements. Take a look at our key benefits:
Remittance Processing Services (Lockbox)
With a focus on converting assessment payments into available funds, our remittance processing service utilizes state-of-the-art systems to ensure quick and accurate processing, with multiple payment options.
Multiple Payment Options
Provide an array of payment options to pay dues via credit cards, eCheck payment, Automated Clearing House (ACH), and U.S. mail.
View Images and Remittance Online 24/7
A convenient, secure way to view checks, payments and other remittance information from any computer.
Accelerate Payment Collection Cycles
By using our lockbox payment system, association payments are deposited into your account on the day they are received. Streamlined assessment processing frees up resources and may eliminate the need for additional accounting staff.
Streamlined Reporting and Tracking 24/7
Our web-based lockbox reporting system allows you to search data by check number, date, dollar amount or unit account number. You can view an image of the check and accompanying coupon or statement stub.
Custom Accounting Software Interface
We program a data file to upload the payment information into your accounting software to meet your needs.
A well-funded reserve benefits all the association’s homeowners. As your partner, we can ensure your funds are safe and assist in the long-term planning to ladder certificates of deposit so funds are available when reserve components need replacement or other major expenditures come up.
Liquid Deposit Services
Our approach is to provide you with the flexibility of choosing from a variety of reserve planning deposit services, including checking, CDs, and money market accounts, with interest being paid on all deposits. The objective is to have all deposits 100% FDIC insured.
Demand Money Market Placement
Provides the liquidity of a checking account with the feature of extended FDIC coverage through a nationwide placement service. Our system accurately tracks your demand money market placements to ensure 100% FDIC coverage via the Demand Money Market Placement program. You receive a comprehensive report detailing your investment portfolio.
HOA Reserve Checking
A multiple interest tiered checking account that provides liquidity, unlimited check writing and the maximum yield on all funds on deposit.
Time Deposit Services
If you’re looking to maximize your interest on time deposits, you may opt to deposit funds in traditional CDs through our in-house program. You may also choose to take advantage of our CD Placement Service, which provides a nationwide approach that’s focused on ensuring all deposits are 100% FDIC insured.
CD Placement Service
A convenient deposit service that allows you to take advantage of the best returns available while maximizing your FDIC insurance coverage. Our system accurately tracks your CD placements, including any CDs placed elsewhere, to ensure 100% FDIC coverage via the CD Placement Service program.
As HOA industry professionals, we don’t have to tell you regular maintenance and repairs will enhance property values thus increasing your homeowners’ living standards. When a need is apparent and funds are an issue, our trained HOA bankers will work with your Board of Directors and managing professionals to structure loan programs that meet specific repair projects or implement energy-efficient systems. Once projects are underway, value-added expertise in managing budgets is provided and our experts work closely with you, along with property and construction management professionals, to ensure successful completion.
*Certain Restrictions Apply
An HOA Loan Makes Good Business Sense
Once a project is identified, our HOA lenders will become part of your team. With our financial “pre-view” service, we can help formulate a plan for the funding of the entire project to include special assessment financing.
Homeowner Association Loan Programs
We provide competitive financing up to $3,000,000 for maintenance/improvements and green energy projects with terms of 12 to 120 months.
Call an HOA Expert Today!
HOA Client Services: 844.489.0999