Punctual Abstract Offers HOA Certification Estoppel Letter Services

June 11, 2019

Louisiana-based Punctual Abstract announced it now offers HOA certification estoppel letter services to the title industry.

This service enhances Punctual Abstract’s offerings to the title industry by making the firm a true “one-stop-shop” for abstracts, title research and now HOA Certificates. The benefit to title agencies is to create one point of contact for title research services, according to Ted Woloszyk, CEO of Punctual Abstract.

“Punctual Abstract now offers estoppel letters to the title insurance industry as a tool to aid in the transfer of property and to ensure that no future title claim shows up because of an outstanding balance with the Homeowners Association (HOA) company,” Woloszyk said.  

As title agencies often shoulder the burden of third-party oversight as mandated by The Office of the Comptroller of the Currency (OCC), building this process and managing vendors down to this detail has become very expensive for the title agents.  

“This service will save our title agent clients time and money as they’ll manage fewer vendors, while obtaining the information they need for closing, and remaining in compliance with federal standards,” Woloszyk said.

Contact ALTA at 202-296-3671 or [email protected].