Compliance and Financial Monitoring

AmeriNational has over fifteen years experience working with the reporting and compliance requirements of Low Income Tax Credit projects, HOME funding, HUD and USDA programs, Tax Exempt Bond projects, and a multitude of state level programs. Our staff members have extensive expertise and training in auditing and in the regulations that our clients operate under. Our Certified Housing Credit Compliance Professionals (HCCP) bring a level of expertise that our clients rely on in maintaining properties in accordance with regulations. These individuals are trained and ready to assist in eliminating costly errors that jeopardize the success of the properties and programs being administered.

AmeriNational strives to maintain excellent communication with our clients. Prior to conducting an on-site project review, a comprehensive auditing plan is prepared and reviewed with the client. The on-site review is followed up with an immediate status report to the client. A comprehensive detailed report is then prepared that will provide the client an accounting for all steps taken and the results of each.

Our services are designed specifically to meet our client’s objectives and goals, and can be tailored for any complexity of rules and regulations in place. We have proven reporting and tracking systems that are used, but can also customize the reports to meet a client preferred format.

Another service available to clients is financial monitoring of loans. All reports will be submitted electronically or manually, as directed by the Agency. AmeriNational will obtain development’s mid-year operating results in a form approved by the Agency. Amerinational will then obtain development’s annual financial statements when due and provide a detailed analysis Finally, AmeriNational will obtain from a rating agency or other source the long-term debt ratings for the credit enhancer of development, if applicable. AmeriNational will report any negative or downgraded rating to the Agency, along with the submission of the financial statement analysis.

Service Menu

• Loan Portfolio Management
• Delinquency and Default Follow-Up Management
• Loan Processing And Underwriting
• Loan Document Preparation
• Fund Disbursements Services
• Davis-Bacon Wage Compliance Monitoring
• Residual Receipt Analysis
• Compliance and Financial Monitoring
• FSS Escrow Funds Disbursement

Turnkey Program Services

• Down Payment Assistance Programs
• Rehabilitation Program Services