Condo Project Manager
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 may 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:
- New and newly converted condo projects consisting of attached units located in Florida.
- 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.
What's New
March 12, 2024
Explore our latest Perspectives blog to see what lenders had to say about condo lending.
CPM FAQs now available in Spanish
Coming soon: Streamline Processes with Condo Project Status Information in Desktop Underwriter
Condo Project Manager™ (CPM™) is integrating with DU to provide greater certainty to lenders in many instances when projects have been approved by Fannie Mae. Lenders will have the latest project eligibility information in DU to help streamline their loan processing.
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.
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.
- Provides easy access to the list of Fannie Mae-approved and Federal Housing Administration-approved projects.
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.
Release Notes
PERS
