• Fannie Mae
  • Freddie Mac
  • FHA
  • VA
  • Portfolio

Condominium and Cooperative Project Approval

National Condo Advisors brings condominium and cooperative developments into compliance with Fannie Mae, Freddie Mac, FHA, VA and lender Portfolio mortgage guidelines. We make sure that mortgage financing is available for borrowers seeking to purchase or refinance a unit within a condo or co-op property.


Document Collection | By-Law Review | Budget Alignment | Insurance Review | Application Completion | Agency and Lender Submission


Excessive Commercial Space Waivers | Litigation Approval | Marketing Phase Approval

Project Approval Made Easy


What You’ll Need To Get Approved



  • By-Laws
  • Most Recent Budget
  • Insurance Policies
  • Completed Questionnaire

FAQS

Call us or email us at info@nationalcondoadvisors.com. We’ll handle everything from document collection to agency submission.

We offer a range of approvals that are specifically tailored to meet the needs of the borrowers within each development. Our team of compliance experts will not only let you know which type of approval is available for the site but will also let you know which fits the site best.

 At National Condo Advisors we offer a suite of approval products. In developments where a Fannie Mae approval isn’t warranted we offer a portfolio lender approval and a Fannie Mae Compliance service so that lending is always available and abundant. Agency and/or lender compliance is necessary for mortgage lending to be available within a condo/co-op development regardless of unit value.

 

A reserve study will outline the actual cost of component repair and replacement. It often results in a reduced contribution. In new construction condo developments, a reserve study can serve to reduce reserve requirements by more than 90%!

 

In fact, we currently service lenders across the United States and serve as their entire condo/co-op back office. We review and can warrant projects for Fannie Mae/FHA/Freddie Mac compliance.

 

Our organization needs staff training on very specific issues and none of the course listings on your website provide exactly what I need. Do you create custom training packages?

Absolutely.  Our team of industry experts would be happy to develop a custom training sessions for individuals or entire organizations, tailor made to your agency, issue, or other specific criteria needs.  All of our training courses and custom training packages can be provided on-site and in-person, or via the internet in an interactive webinar format.  Please contact us by phone or by email to speak with one of our education and training specialists to arrange for custom training.

Company Bios

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Orest Tomaselli

In his role as President and CEO of National Condo Advisors, Orest provides lenders with 20 years of mortgage industry compliance knowledge, customized guidance on condominium and cooperative origination and review policies. Orest has lectured nationally and provided guidance to Fannie Mae, HUD, the New York State Attorney General’s Office, the New York State Bar Association and the Mortgage Bankers Association.

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Darlene Shannon

Former HUD Homeownership Center Technical Branch Chief, Darlene Shannon, joined the National Condo Advisors team in 2015 after retiring from government service. Mrs. Shannon excels in her new role as Chief Business Development Officer where she is able to interact with lender, developer and property management clients. Mrs. Shannon also acts as National Condo Advisors’ FHA Condo Educator where she helps lenders navigate FHA project approval processes, orchestrates the creation of lender DELRAP and HRAP set up and provides project and quality control review.

CONTACT US

National Condo Advisors


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45 West 34th St.

Suite 1001

New York, NY 10001