Alliance enables users to report HOA and rent payments to credit bureaus
Cincinnati, Ohio (June 28, 2017) London Computer Systems (LCS), developer of Rent Manager® property management software and other business-critical technologies, is pleased to announce the inclusion of credit-agency reporting for Rent Manager users and their tenants through a new application program interface (API) partnership with Sperlonga Data & Analytics.
Maintaining a healthy credit history and building a robust credit score are vital rites of passage for nearly every consumer. The contents of an individual’s credit report will dictate whether or not they are approved for a car or home loan, and can even impact their career if an employer includes a credit check in the hiring process.
Since Rent Manager users are already tracking and monitoring rental payments within the software, it was a natural next-step to partner with a company like Sperlonga, who will convey that vital information to the major credit reporting agencies, shares Rent Manager Channel Partner Manager, Patrick O’Hearn. We are really pleased to be able to include this feature in our API offerings.
Sperlonga developers are currently working on customizing and testing the API, which will connect the two systems allowing community association and rental payments to be reported to the credit bureaus each month once complete.
The ability to offer Rent Manager users the opportunity to report these types of payments to the credit bureaus not only benefits the tenants by building their individual credit histories, but should also have a huge impact for property managers, inducing fewer payment delinquencies each month.
Incorporated in 1987 and headquartered in Cincinnati, Ohio, London Computer Systems (LCS) is a developer of business-critical software used in all 50 states and several markets throughout the world. LCS products include Rent Manager® property management software, rmVoIP telephone systems, and enterprise-level hosting solutions via its Sentry Data Center.
LCS also provides complete network design, implementation and support services, and custom website development through its IT Services and Web Design Services divisions. With more than 20,000 users, LCS combines best technologies with best practices to create unique, affordable, customer-focused products and services.
For more information about LCS, please call 800-669-0871 or visit LCS.com.
Based in Irvine, California, Sperlonga is a data aggregation business for non-standard credit data sources. Sperlonga is an affiliate of Chronos Solutions, a national real estate solution services firm. The company was founded in 2011 to provide technology solutions to homeowner associations and the residential mortgage industry in order to help stakeholders minimize losses and improve association cash flows. The company has always focused on delivering innovative solutions to reduce risk and provide professional association financial management tools. Additional information is available at www.SperlongaData.com or call 844-652-4972.