HUD Awards Dynaxys LLC a Contract For Multifamily Mortgage Loan Servicing and Accounting, Property Management Servicing and Accounting and Maintenance
Dynaxys, a business solutions, accounting and technology firm, announces the award of a contract from the Department of Housing and Urban Development for Multifamily Mortgage Loan Servicing and Accounting, Property Management Servicing and Accounting, and Maintenance.
The contract began over thirty year ago when the federal government was faced with a mortgage crisis. HUD’s FHA was responsible for thousands of mortgages that were in default, resulting in a high volume of insurance claims from lenders. HUD partnered with Dynaxys to accommodate the volume of defaulted mortgages.
President Lisa Miller said, “We are excited to continue providing loan and accounting services to FHA. During our thirty plus years of service there have been many changes in technology, policies and reporting. One thing that has not altered is our dedication to delivering the highest quality of service.”
Dynaxys delivers full loan management, cash management, property and loan accounting for several HUD portfolios. Also Dynaxys is HUD’s central repository for all data and documents related to these assets and the official record for its subsidiary ledger.
Over the span of the contract Dynaxys’s system has seen many refreshments. The one thing that never changes is that data accuracy is consistently measured at 100%. Dynaxys software applications implement hundreds of business rules and deliver timely, complete, accurate, and reliable transaction and reporting data.
On the latest Contractor Performance Assessment Reports Systems (CPARS) one unidentified HUD employee stated, “Dynaxys has provided exemplary service to HUD over the years. Their overall support demonstrates … diligence, collaborative work relations, timely rendered services, excellent customer service and outstanding deliverables.”
Dynaxys is a woman-owned small business that delivers software, hosting and accounting solutions to government, commercial and non-profit customers. The company uses its expertise in outsourced accounting, business services and application development to invest in innovative solutions for its clients. From Dynaxys you can always “Expect Above and Beyond.” More information can be found at www.dynaxys.com.