Equiant, a Scottsdale, Ariz.-based loan servicing provider specializing in shared ownership, has renewed a multi-year agreement to provide loan servicing to FantaSea Resorts, an Atlantic City, N.J.-based developer and operator of three elite-level timeshare properties.
“We look forward to continuing our long-lasting partnership with FantaSeaResorts’ management and collection teams, and providing their 36,000 owners with outstanding service and data security,” said Peter Moody, Equiant’s vice president of business development. “FantaSea’s mission of delivering a high level of personal service to each of their owners is in line with Equiant’s goal of providing servicing solutions that create value and exceed all client expectations.”
“Renewing Equiant as our loan servicer allows us to focus on our core mission ofgrowing our brand while serving our owners by creating vacation memories for a lifetime,” said Bruce Kaye, CEO and president of FantaSea. “Equiant’s technology platform allows us the tools to track portfolio performance through BITS reporting as well as the security and compliance we expect, so we know our data is protected. We also have a great working relationship with their team.”
FantaSea Resorts is considered the premier independent provider of vacation ownership products and services in the Northeast United States. FantaSea’s three elite-level properties include Flagship and Atlantic Palace Resorts in Atlantic City and La Sammana Resort in Brigantine, N.J. In addition to FantaSea’s unique properties, their owners can also vacation throughout the world through global exchange partners RCI and Interval International.
Equiant is one of the leading timeshare servicers in the United States with a serviced portfolio that exceeds $1 billion and includes more than 110,000 individual consumer loans. Over the past 28 years, Equiant has serviced more than 1.5 million loans and 1.25 million maintenance fee accounts. Its array of products includes receivables and maintenance fee servicing, invoicing and payment processing, point of sale merchant processing, delinquency control, on-site transitional staffing, document custody, trustee services, and analytic reporting. To learn more about Equiant’s industry-leading security and receivables servicing, call Moody at (480) 636-4888 or visit www.equiant.com.