General World News

Condo originations ‘streamlined’ through project advisor tool: Freddie Mac

Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement.

“This designation, known as ‘project certified’ status for Project Assessment Requests (PAR), confirms that condo properties meet certain project review and general eligibility requirements for financing,” Freddie Mac said of the new designation. “Once reaching this status, lenders only need to do minimal project underwriting, which may save lenders time and details ⇒

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