First Associations Bank's Cat Cotrell, CMCA, PCAM, senior vice president of Marketing and Business Development, and Alan Seilhammer, senior vice president, Community Association Lending Manager, recently hosted a free webinar for Associa board members and community association managers that explained the ins and outs of community association loans.
Associa employees tuned in for the one-hour webinar during which they learned how to obtain the best loan on behalf of their community associations. Based on a poll question at the beginning of the webinar, the majority of those in attendance had never borrowed money for a community association, and therefore found the webinar to be a great education.
Presented by Associa University, the webinar began with an in-depth look at what can be funded and where the process begins for community association loans. Later, Cotrell and Seilhammer discussed loan qualifications, parameters and collateral requirements.
"This was an informative webinar to assist our board members and managers in learning how to acquire community association loans," said Matt Kraft, vice president of training and development at Associa. "Professional development courses like this one give our employees the opportunity to advance their knowledge, and advance their careers. It is one of the reasons why Associa continues to be the leader in community association management."
The webinar concluded with questions ranging from "What is a swap rate?" to "Could you elaborate on borrowing in the event of an inadequate insurance settlement?"
AU is the nation's first comprehensive community association management online campus program of its kind. AU provides Associa employees with online, on demand, self-paced courses tailored specifically for Associa Best Practices. Additionally, it partners with the Community Associations Institute (CAI) to provide its classes by video conference to Associa member companies which enables Associa management staff to attend more courses in the convenience of a local training environment. It also creates its own live and online courses that address in depth the skills, techniques and knowledge necessary to provide optimum management and customer service to its internal and external customers. For more, visit www.associau.com.
Building successful communities for more than 30 years, Associa is North America's largest community association management firm and serves its clients with local knowledge, national resources and comprehensive expertise. Based in Dallas, Associa and its 8,000 employees operate more than 140 branch offices in the United States, Mexico and Canada. To learn more about Associa and its charitable organization, Associa Cares, go to www.associaonline.com and www.associacares.com. Find us on Facebook, follow us on Twitter and watch us on YouTube.
Carol Piering, 214-716-3848