Lengthy condo project reviews are a thing of the past with CondoSafe.
This one-stop underwriting tool delivers investor eligibility alerts, Certificate of Insurance, CC&Rs, COA budgets and the option to use the GSE Full or Short Questionnaires in one easy step.
Eligibility Alerts and Standardized Data for Lending Decisions
Delivering Powerful Eligibility Alerts
With CondoSafe, you get an easy-to-use report that alerts underwriters to any potential GSE, FHA, VA or other investor eligibility challenges. Alerts are delivered in an underwriting-friendly, standardized format - providing a road map for underwriters to determine where to spend their time.
Standardized Data for Confident Lending Decisions
Condo associations are tasked with juggling multiple questionnaire forms from multiple lenders, which increases the response time and decreases the data quality that they provide. CondoSafe is solving this challenge by offering it's own standardized and copy righted questionnaire or the option to use the GSE Full and Short Questionnaires. The standardized format gives review staff the ability to reconcile disparate data, resulting in increased confidence in your lending decisions.
Cost Effective and Efficient
Reviewing and approving an association using internal staff and only partially-effective tools is costly and time consuming. With CondoSafe, the expensive uncertainty of the “chase and place” process is a thing of the past. Multiple package options are available at a simple flat rate that’s consistent and can be significantly less expensive, and faster, than obtaining the documents internally.
One Step to Get the Condo Docs, Data & Forms