Applications & Technology

Condo Project Manager

The industry standard in condo project reviews

Get your condo questions answered during Q4 office hours 

Get practical guidance, answers to your questions, and tips to help streamline your condo underwriting process during the Project Standards team’s monthly office hours. Each session from 12 p.m. – 1 p.m. ET will focus on a different topic: 

October 1 – Getting Started with Condo Full Review 

November 5 – CPM Request Submission Tips 

December 3 – Budget Review Deep Dive 

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Quickly and easily determine if a condo project meets Fannie Mae’s requirements. Fannie Mae's Condo Project Manager™ (CPM™) is a free, web-based tool that enables lenders to quickly and easily certify a condominium project (or a legal phase of a project).

The project must be eligible under the Full Review requirements. Once a project is certified by the lender, the certifying lender may deliver loans secured by units in the certified project (or phase).

CPM must be used to review new and established condo projects eligible for lender-delegated Full Review. The following unit and property types, however, require a Project Eligibility Review (PERS) submission:

  • Newly converted, non-gut rehabilitation condo projects (with attached units) that contain more than four units.
  • Condo projects consisting of single-wide manufactured homes (MH); new condo projects consisting of MH; and established manufactured housing projects that are subject to a community land trust, deed restriction, leasehold estate, or shared equity arrangement.

Learn more about the Full Review process during August office hours

Join the Project Standards team for guidance on how to navigate the retirement of Limited Review during office hours every Thursday in August. Bring your questions and join anytime during the hour. No registration is required.

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Take the Shortcut to Condo Project Eligibility

Accessing condo project information with Fannie Mae's Condo Project Manager™ (CPM™) can help streamline lender project eligibility reviews.

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Benefits

  • Guides lenders through the condo project certification process.
  • Applies automated business rules to aid lenders in determining a project’s eligibility.
  • Ensures a simple process for entering project information online and tracking the certification of each project.

Accessibility

  • To register for CPM, contact the Technology Manager Administrator at your company and visit the Technology Manager page for more information.
  • The preferred browser, settings, and technology requirements can be found on the Single-Family Technology Requirements page.

 

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