Uncover More LPA Opportunity with Early Condo Project Insight
On September 29, 2024, Loan Product Advisor® (LPASM) is implementing new feedback messages that will apply to all condominium loans to help you gain earlier insight into a condo project’s eligibility. These messages will indicate the Project Assessment Request (PAR) status of the project and provide additional relevant details, all based on the project’s status in Condo Project Advisor®.
If the project isn’t found in the Condo Project Advisor database, you’ll receive a message that the address cannot be matched. In addition, we’re adding another message to support the update to the condo project policy announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2023-24.
Recommended Resources
Check out some of our resources to get everything you need to know to start taking advantage of this enhancement:
- Early Insight Into Condo Project Eligibility Through LPA Tutorial
- Condo Project PAR Status Integration LPA Feedback Messages
- September LPA Release Notes
- Guide Bulletin 2024-12
- LPA Webinars
Visit the Condo Project Advisor webpage to see how the tool can help you close more condo loans with confidence.