SOURCE: NWP Services Corporation

NWP Services Corporation

September 17, 2009 19:14 ET

Lincoln Property Company Enters Into an Agreement With NWP Services Corporation as a National Preferred Provider of Resident Billing and Utility Management Services

IRVINE, CA--(Marketwire - September 17, 2009) - NWP Services Corporation (NWP) today announced that Lincoln Property Company (LPC), a leader in residential property management, has entered into an agreement with the company as a national Preferred Provider of Resident Billing, Utility Management and Utility Theft Recovery Services. NWP is the leading provider of financial transaction processing solutions for the multifamily housing industry serving thousands of multifamily apartment communities across the United States.

"We are pleased to announce this relationship with NWP as we strive for better results, better systems and new ways to serve our residents and owners," said Scott Wilder, Senior Vice President of Residential Management at LPC. "The combination of their proven expertise in the accurate and timely billing of our residents, and the scope and quality of services will strengthen our financial position and improve the Net Operating Income for our participating properties. NWP's focus on technology and their successful integration with property management software systems like Yardi has exceeded our requirements and expectations and we look forward to seeing improved financial results and processes very soon," Wilder added.

"We are pleased that Lincoln has selected NWP as its preferred provider of resident billing and utility management services and we are very excited to have Lincoln join the NWP family of customers," said Michael Radice, president and CEO of NWP. "Utilizing NWP's proven programs, Lincoln will drive stronger operations, increase funds from operations and improve overall asset profitability for their owners across the portfolio."

About NWP and Breadth and Scope of Services offered:

NWP is a long-standing pillar in the multifamily industry. This focused history affords us a working knowledge of the industry's best practices and methods, enabling NWP to effectively target an optimal financial result for property owners. This knowledge and experience is built into NWP's fully integrated suite of products. Using NWP solutions, customers significantly increase NOI and FFO while reducing expenses related to resident utility consumption, utility invoice processing, utility management, resident billing services and rent payment processing.

Headquartered in Irvine, California, NWP Services Corporation (NWP) serves the multifamily housing industry as its leading financial transaction processing provider. NWP is known for its industry expertise delivering proven results and exceptional quality in resident billing, resident payment processing and utility management.

Resident billing by NWP helps property owners offset their utility expenses. The company's utility cost recovery team allocates utility charges to residents and prints and sends the bill; NWP's billing options now include convergent -- or "rent-inclusive" -- billing through its Resident OneBill service. Complementing its billing services, the company's electronic resident payment processing service; called Resident ePay; enables residents to pay their rent, utilities and other monthly charges online or at the rental office with funds transferred to the property's bank account electronically. Resident ePay gives residents convenience and choice and enables owners to access cash faster. In addition, with its UtilityPay Manager program, NWP processes and pays invoices sent to customers' properties by utility companies. UtilityPay Manager helps customers reduce time spent on administrative bill payment work and provides them with valuable utility data and additional cost management opportunities, including recovering expenses from residents when they fail to transfer utilities into their own name.

NWP's offerings are available as individual services or as a fully integrated solution and are designed to accelerate the financial performance of our customers, allowing them to recover and reduce operating costs, create operational efficiencies, improve NOI and FFO and boost resident satisfaction. Additional information is available at www.nwpsc.com.

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
    949-253-2589
    Email Contact