On-Demand Web Seminar  Improving the condo lending process

Hosted by National Mortgage News

Condo lending accounts for approximately 8 percent of purchase originations and increased by 10 percent last year. Unfortunately, the origination process for condos continues to be inefficient, expensive and potentially risky for lenders and frustrating for condo buyers and owners. Multiple factors contribute to this problem: most notably the dual requirements of underwriting both the loan and the condo project itself, but also ongoing confusion over how the underwriting should be done and the need to rely on condo associations for critical data elements.

Listen to this one-hour, free web event where leading mortgage industry experts will offer insight into the growing market and advice on combating common condo lending challenges, including:

  • The current state of the condo lending market, and the economic and demographic forces that are fueling this market.
  • Factors that create confusion, delays and unknown risks in underwriting.
  • An “interview” with a major lender that is creating new workflow solutions for retail lending.
  • The importance of having designated teams to perform due diligence and mitigate risk.
  • Interpreting GSE guidelines.
  • An opportunity to talk with the experts about your own condo lending questions.

Featured Presenters:

Mike Sisk
Contributing Editor
American Banker
Jacquie Doty
Vice President of Industry Solutions
Molly Boesel
Principal Economist
Nora Walsh
National Condo Co-op Underwriting Manager/Vice President
TD Bank

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