Former Director of Fannie Mae Project Standards, Gary Newman, presents an in-depth webinar on how lenders can obtain special designation to deliver co-op loans to Fannie Mae and co-op project and loan level insurance requirements. Don't miss it!
This course is designed to educate lenders on what is required to be able to deliver co-op loans to Fannie Mae. It will focus on the lender application process and the requirements for project approval and loan delivery.
Most lenders may not be aware that even if the company is an approved Fannie Mae Seller/Servicer, eligible to deliver loans on condo or single-family units, lenders are not allowed to deliver a co-op loan without having a separate and distinct approval designation as a Co-op Seller/Servicer. To be considered for approval for this special designation, a lender will be subject to a formal application process that is designed to assess whether the company currently has the appropriate expertise to originate, close and service investment quality co-op loans.
Participants will have the opportunity to submit questions via the "live chat" option. Join one of the most knowledgeable and respected former Fannie Mae agency employees as he outlines key co-op lending requirements and where to find the information contained within the policy. Registrants are encouraged to email Gary prior to the broadcast to have the questions addressed during the presentation. firstname.lastname@example.org
Date : Wednesday, October 18th, 2017
Time : 1PM to 2:30PM EST
Lecture Type : Interactive Webinar
|Price per Session||$99|
IN THIS SESSION YOU'LL RECEIVE INDUSTRY INSIGHT REGARDING:
Each 1 ½ hour Session is presented by industry experts, including:
Gary Newman: Condo and Co-op Lending Instructor, National Condo Advisors
During his 37-year tenure of employment with Fannie Mae, Gary Newman has predominantly held responsibilities in the management and oversight of the Agency’s national project review team. Prior to leaving Fannie Mae in March 2017, Gary was most recently the Director, Project Review for 6 years, and was highly successful in effectively managing the corporation’s risk exposure and PUD projects. Gary is well regarded by colleagues throughout the industry for possessing a strong knowledge about risk associated with the legal, financial and operational structure of condo, coop and PUD projects.
Gary has always been committed to providing training not only to mortgage lenders, but also to other industry partners such as National Association of Realtor, Builders, Developers Housing Finance Agencies, and Community Associations Inc. Training that serves well to enhance their ability to properly interpret and apply Fannie Mae eligibility requirements when developing, marketing and financing units in condo, coop and PUD projects. All with the end goal of supporting the sustainability of mortgage financing for the purchase or refinance units in these residential communities.
Gary resides with his family in Atlanta, GA, and enjoys spending free time on home renovation and furniture refinishing.
Darlene Shannon: Condo Lending Instructor, FHA Specialist, National Condo Advisors
A diligent and driven professional Darlene has achieved success and experience throughout a 29 + year career span within several Federal Government Housing Agencies. As an effective communicator, team-builder and mentor with strong managerial, analytical and organizational skills she was successful in managing a diverse staff of underwriters, appraisers, construction analysts’ and support team.
Her federal career began with the Rural Housing Service, formerly Farmers Home Administration, in 1985. She served in a variety of roles including Property Management Specialist and Rural Development Manager with direct endorsement authority for Single Family Loan and Grant Programs throughout the State of New Jersey.
In 2004 she joined the Department of Housing and Urban Development (FHA) in the Philadelphia Homeownership Center where she served as Technical Branch Chief until 2015. As Technical Branch Chief one of her responsibilities was the oversight of all technical aspects of the FHA Condominium Project Approval Process and the national condo review contract.
After retiring from her role at HUD in 2015, Darlene joined the team at National Condo Advisors as Chief Business Development Officer. Darlene routinely provides lender training and offers a high-level problem resolution guidance for its lender clients.