National Condo Advisors Presents a 4-session Condominium Underwriting & Processing Training Series

Lending regulations and best practices are constantly evolving, as are the complexities of quickly closing loans across a host of unique condominiums. That's why National Condo Advisors believes it's important to step back and look broadly at the marketplace's current options and requirements, then dig into each a little deeper, to really help individuals and organizations identify all of the opportunities to providing warrantable lending, efficiently and compliantly. National Condo Advisors has developed a 4-session series providing a comprehensive overview of the industry landscape and concrete skills you can use to generate more business and close loans smarter.

Session 2 of 4: Fannie Mae Overview, PERS (Project Eligibility Review Service) & PEW (Project Eligibility Waivers)
Date : May 9th, 2017
Time : 1PM to 2:30 PM EST
Lecture Type : Interactive Webinar

Before April 28, 2017
After April 28, 2017
Price per Session $189 $249

Session 2 Description

Condo Approval Underwriting & Processing Industry Overview

This webinar will take you through an overview of the Fannie Mae lending and approval options, then do a deeper dive into PERS (Project Eligibility Review Service) & PEW (Project Eligibility Waivers), with an emphasis on the project-level approval. This is the second of a 4-course series that is designed for mortgage professionals seeking guidance in originating, processing and underwriting loans within condominium developments.

The goal of this training series is to provide registrants with more specific guidance on Fannie Mae condo lending compliance so that loans can be originated and closed with confidence and efficiency.


  • Fannie Mae Approval Types & Process Overview
  • General Condominium Fannie Mae Warrantability Standards
  • Project Based v. Single Loan Approvals for Fannie Mae
  • PERS: The Process, Requirements, Benefits, and Costs
  • Fannie Mae Form 1054 & Compliance with Legal Document Requirements
  • Fannie Mae Forms: Identification & Completion Best Practices
  • Closing & Fannie Mae Compliance

Condo Lending Training Series Dates

Session 1 May 2nd, 2017, 1PM to 2:30PM:
Condo Approval Underwriting & Processing Industry Overview
More Information

Session 2 May 9th, 2017, 1PM to 2:30PM:
Fannie Mae Overview & PERS (Project Eligibility Review Service)
More Information

Session 3 May 16th, 2017, 1PM to 2:30PM:
Fannie Mae Full Review, CPM, and Limited Review
More Information

Session 4 May 23rd, 2017, 1PM to 2:30PM:
FHA & VA Approvals
More Information

Condo Lending Training Series Overview

Each 1 ½ hour Session is presented by industry experts, including:

  • Gary Newman, Former Director of Fannie Mae Project Standards
  • Darlene Shannon, Former Chief Technical Branch HUD Philadelphia Homeownership Center
  • Orest Tomaselli, President/CEO of National Condo Advisors and Strategic Inspections

To best accommodate registrant's schedules and priorities,we are offering individual Session registration for this four Session series. To attend all four Sessions, you will need to sign up for each session individually. This Session and registration is for Session 1 of the four session series. The cost per registrant is $249, with an early bird discount for anyone who registers before April 28th. USE PROMO CODE: EARLYBIRD


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.