Condo Questionnaire: How HOAs Affect Mortgage Eligibility
The condo questionnaire (Fannie Mae Form 1076 or Freddie Mac Form 476) is the association’s written answers to the facts a lender needs to judge condo project eligibility: delinquencies, litigation, ownership concentration, commercial space, insurance, and flood coverage. It’s optional, but each answer feeds a specific GSE test, so a missing or vague answer usually […]
Mortgage Payoff Fraud: How to Verify a Payoff Before You Wire
Mortgage payoff fraud happens when a fraudster poses as the seller’s lender or servicer and sends a fake or altered payoff statement, so the settlement agent wires the payoff to the fraudster’s account. The lender isn’t paid and the mortgage lien stays on the property. Verify every payoff with the servicer, on a number you […]
Condo Documents for Lenders: The Full Review Checklist for 2027
For a lender, condo documents are the records that show whether a condo project meets Fannie Mae or Freddie Mac eligibility requirements. A Full Review usually relies on the project questionnaire, governing documents, budget, reserve study, financial statements, master insurance, meeting minutes, inspection reports and litigation information. Neither GSE prescribes a fixed list, so lender […]
Automating Condo Project Approval Documents for Lenders
Condo project approval documents are the questionnaire and association records a lender needs to confirm a condo meets Fannie Mae or Freddie Mac project standards. For applications dated on or after August 3, 2026, projects with more than 10 units go to Full Review, so more files need the full package before underwriting can start. […]
