June2016 - Chase[ing] the Dream

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6 | TH E M R EP O RT MTECH Sperlonga Announces HOA Reporting Partnership With Equifax FOR THE FIRST TIME, HOA PAYMENTS WILL BE REPORTED TO A NATIONAL CREDIT REPORTING AGENCY. I rvine, California-based Sperlonga Data & Analytics, a data aggregation business for non-standard credit data sources, announced an agreement to become the first company to furnish homeowner association (HOA) payment and account status data to Equifax, Inc. Sperlonga, founded in 2011, is an affiliate of Chronos Solutions, a national real estate solution services firm. "Until now, HOA payments have gone largely unreported to the national credit reporting agencies. Our service will help elevate association payments to the same level of importance as the consumer's other financial obligations like residential mortgages, auto loans and credit card payments," said Matt Martin, Chairman and Founder of Sperlonga. Martin continued, "Property owners that pay HOA fees on time should begin to see the similar impact to their credit reports as they would with other payment obligations traditionally found in a credit report, while associations and property management companies should begin to see reduced delinquencies and improved cash flow. Our goal is to empower homeowner associations and management companies with the same credit reporting tool that banks and lenders already use to manage consumer debt and credit-related payments." In April 2011, Sperlonga created the first solution for mortgage servicers and investors to deliver reliable, easily retrievable, and standard - ized data on existing accounts in homeowner and condominium associations to help manage and reduce delinquent association account risk. Sperlonga now brings a new technology and solution to the HOA and property management industry to better manage the risk associated with HOA budgets and collec- tion of timely payments. The company's proprietary technology will use automation to extract assessment payment data every month from the property management company's accounting software. Sperlonga will then create a record of the payment and account status each month for all property owners within the HOA, and report the account data to Equifax. Dan Berman, CEO of Sperlonga said, "We believe this will have a major impact on the HOA industry. According to the Community Association Institute (CAI), associations along with property manage - ment companies collect approximately $70 billion in assessment payments each year and CAI estimated there were at least 333,000 community associations in the U.S." "Equifax is committed to providing consumers with additional means for building their credit histories. Introducing new sources of data beyond what has traditionally been found on credit files can provide additional insight into a consumer's financial behavior and help deliver expanded credit access," said Mike Gardner, SVP and Sales Leader at Equifax. ComplianceEase Launches FloodAnalyzer THE NEW FLOODANALYZER SOLUTION RELIES ON FEMA DATA TO PRESENT A PROPERTY'S UP-TO-DATE FLOOD-ZONE STATUS. C omplianceEase, a provider of automated compliance solutions to the financial services industry, announced it launched a new solution that helps mitigate risk by providing flood zone determination services. FloodAnalyzer independently identifies a Two Brands, One Solution { { We cover the territory. Futura Title & Escrow Corp.'s brands offer a single point of contact for all of your title and escrow transactions. Regionally focused, our footprint consists of 69 convenient branch locations serving 58 counties throughout Idaho and Oregon, and parts of Montana, Washington and Wyoming. While we are one of the largest title and escrow groups in the Northwest, you'll find that our local emphasis is reflected in our market expertise. Committed to maintaining compliance with the American Land Title Association's (ALTA) Title Insurance and Settlement Company Best Practices, our brands are distinguished as the trusted settlement service providers in the region. When your transactions cover more than one county, Futura Title & Escrow Corp. is your regional title and escrow solution. Jenny Martin Senior VP & Corporate Business Development Director 208.955.9681 office 208.891.0481 cell "Until now, HOA payments have gone largely unreported to the national credit reporting agencies." —Matt Martin, Chairman and Founder, Sperlonga

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