Developer's Finance turning ove assessment collection to POA

Developer’s Finance, a mortgage holder for more than 250 Village property owners, has made a payment on behalf of all its mortgagees making each property owner current on assessment payments.
Developer's Finance has also ceased collecting POA assessments as part of escrow, turning information over to the POA enabling direct billing and direct collection of assessments from the property owners on a monthly basis.
The vast majority of the property owners involved were current on assessment payments, but the mortgage holder was often slow to pay. The change won’t significantly improve the POA's annual assessment collections but it will improve cash flow.