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CondoTek’s State of the Mortgage Market: May 2023

New York City’s New Development Lending Crisis    Obtaining a loan for the purchase of a new condominium unit has always been a bit tricky. Behind the scenes of many new condo developments built in New York City over the …

May 22, 2023

Webinar: Florida Condo Lending: Impacts From New Reserve Legislation Impacting Condo and Co-op Mortgage Lending

Amazing webinar yesterday featuring Orest Tomaselli, President of Product Review from CondoTek,  Melissa Cohn Regional VP of  William Raveis Mortgage and Nancy Cardone, Manager of Strategic Growth at William Raveis Real Estate. The topic, Florida Condo Lending: Impacts From New …

January 24, 2023

Expand Your Market…

A MESSAGE FROM OUR PRESIDENT OF PROJECT REVIEW   Expand Your Market! Condos are a great way to expand your market and increase loan originations.                                …

January 12, 2023

CondoTek Launches Updated Encompass Integration

FOR IMMEDIATE RELEASE Contact: Melinda Engel Phone: 800-452-4816 x115 Email: melinda@condotek.com CondoTek Launches Updated Encompass Integration Philadelphia, Pennsylvania, December 1, 2022 CondoTek, the premier resource for lenders providing condominium loans, announced today they launched their updated and improved integration into …

December 1, 2022

Loan Limit Values for 2023 Are Increasing by 12.21%

From the desk of Orest Tomaselli, President Project Review, CondoTek The release of the new loan limits for 2023 by the FHFA yesterday will be welcome news for many of our lender clients. Many more condo and co-op loans will …

November 30, 2022

CondoTek Service Update

Due to the recent launch of Fannie Mae’s “unavailable for lending” condo and co-op property designation list, CondoTek has released an update to our condo and co-op property service offerings. Along with our current suite of condominium and cooperative project-wide approval …

November 15, 2022