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Condo Lending Guidelines Are Changing – Is Your Team Ready?
Effective Aug. 3, 2026, the Limited Review/Streamlined Review underwriting pathway expires. All condominium projects must be reviewed through the Full Review process (Fannie Mae) or Established Review process (Freddie Mac) – no exceptions.
Join CondoTek experts for a timely webinar covering everything lenders and real estate professionals need to know before the deadline, including:
- New budget and financial review requirements under Full/Established Review
- Red flags to watch for that can jeopardize a warrantable condo loan
- Tools and strategies to streamline the review process and keep closings on track
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Orest Tomaselli
President – Project Review
& Strategic Growth
CondoTek
Meet Orest Tomaselli
Orest is the president of the Condominium and Cooperative Review division at CondoTek and the owner of Strategic Inspections, a national Reserve Study provider. Orest’s name is synonymous with condo and co-op lending compliance, lending risk mitigation and Reserve Study policy.
Orest has led national lending risk and compliance symposiums and regularly provides guidance on condo and co-op lending trends to over 75,000 industry professionals in the banking, law, and real estate fields. His work in helping to craft residential and commercial lending policy for secondary market investors and lenders has led to the creation of bespoke portfolio lending products for both luxury and affordable condo and co-op properties.
Orest is currently providing his expertise in aging condo and co-op infrastructure to the national stakeholders that offer property management, insurance, compliance and lending to this sector.
Dan Cerulo
VP – Compliance & Risk
CondoTek
Meet Dan Cerulo
Dan has 15 years of experience working in the condo and co-op mortgage compliance field. He has consulted on thousands of projects, ranging from small 2- to 4-unit buildings to sprawling mixed-use projects, helping to secure warrantable and non-warrantable lending solutions.
He has lectured to the NY State Bar Association regarding Fannie Mae and Freddie Mac guidelines as well as guidance on reserve study review. He currently oversees compliance and risk policy for CondoTek's CPW project warranty product for lenders and associations. He obtained his Juris Doctorate from Washington University in St. Louis.
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