InspectHOA, a platform that concentrates on the homeowners’ association (HOA) part of real estate transactions, partnered with paymints.io. The partnership aims to digitize more of the closing experience.
InspectHOA and paymints.io verify the HOA for the property, request necessary documentation and streamline the payment process.
Digitizing the HOA piece of the closing process saves 38 hours on every 50 transactions, according to InspectHOA. Paymints.io allows escrow holders and settlement agents to disburse funds to HOAs, as well as clients and vendors, without the manual check-writing process.