FOR IMMEDIATE RELEASE
CondoTek Launches New Online Ordering Portal for Condo Lenders
New platform features Condo Project Warrant product for condo and co-op loans
Philadelphia, PA – January 25, 2022 – CondoTek, a provider of technology and services for condominium and co-op lenders, announced it has launched a new online ordering portal to streamline the delivery of its products and services. The new CondoTek Ordering Portal features CondoTek’s newest product, Condo Project Warrant, an end-to-end solution that leverages the company’s proprietary technology to deliver risk-free warrants for condo and co-op loans.
“Our new portal makes it easier than ever for lenders to order and receive everything they need to streamline financing for condominium and co-op borrowers,” said Asher Kahn, CEO of CondoTek. “Most importantly, lenders can now order and receive our new Condo Project Warrant, which provides a consistent, standardized, flat rate solution to warrant and approve condo and coop loans. It’s an exciting new era for condo lending.”
The CondoTek Ordering Portal also provides clients with access to CondoTek’s expanded offerings resulting from its recent acquisition National Condo Advisors, a nationwide provider of condominium project approval services. Lenders can also use the portal to order CondoPak, CondoTek’s flagship product for streamlining documents and data. CondoPak enables lenders of any size to easily acquire and service a complex array of data and documents required for underwriting and approving condominium and homeowner association properties nationwide.
Later this year, CondoTek plans to announce a series of new integrations designed to improve the user experience for lenders that originate and underwrite loans for condos and coops through its ordering platform.
CondoTek is a technology, information and consulting firm that provides mortgage lenders with regulatory guidance, project approvals and easy access to products and services for approving, originating and underwriting loans for condominium and co-op properties. CondoTek’s automated offerings enable mid- to large-sized lenders and other financial institutions and real estate companies to enhance their operational efficiencies and streamline the condo and co-op financing and investment process. CondoTek was founded in 2013 and operates in all 50 States. For more information or to request a demo, visit www.condotek.com.
Director of Communications