Education & Events Calendar
REALTORS® who learn more, earn more!
Welcome to the professional development, events, and networking opportunities calendar of Pinellas REALTOR® Organization and Central Pasco REALTOR® Organization. We offer hundreds of classes every year from our award-winning program. Visit our class/event Terms & Conditions page.
Everything Condo: Lending's Perspective
Tuesday, March 14, 2023 (12:30 PM - 3:00 PM) (EDT)
Description
Brought to you by Affiliate Business Partner, Caliber Home Loans.
Let’s Talk About Condos!
Warrantable condo guidelines – a discussion of the current conventional lending guidelines with an emphasis on condo project characteristics that we want to evaluate early in the process to mitigate early and make the customer experience as smooth as possible.
Smart condo guidelines – a comparison of warrantable guidelines to our expanded project eligibility under our Smart products. We lend in condotels, projects with excess commercial and single entity ownership, and projects with rec leases, among other things. Get a feel for what we are able to do and a good understanding of areas we are not able to offer expanded eligibility.
Fannie/Freddie temp guidance on deferred maintenance and special assessments – we are finding a lot of challenges around this new area of guidance. We will discuss what we are seeing in the Florida market and provide you with tools to quickly evaluate if a project will be acceptable in this area.
New Florida Legislation – how does compliance with this new legislation impact lending in condominium projects? There are some positive results that will come from this new legislation and also some lending challenges as HOAs adjust to the new requirements.
This presentation will include:
- Review of Fannie/Freddie guidelines – what make a condo ineligible or eligible
- Where there is exceptions allowed to the guidelines
- Full condo approval versus a Limited condo review
- Non-Warrantable condo financing options
- How Fannie/Freddie are handling special assessments and deferred maintenance
Presenter
Gretchen Rowe, Vice President
National Condominium Project Review
Gretchen Rowe is the Vice President of Condominium Project Review for NewRez/Caliber Home Loans. As a veteran in the mortgage business (25 years – 15 years with NewRez), Gretchen and her team of Project Review Analysts work with their partners to approve condo projects for warrantable and non-warrantable loan programs. Gretchen’s team understands the unique regional condo lending challenges of different areas of the country and are experts in partnering with our customers to find solutions when challenges arise.
Additional Info
4590 Ulmerton Road
Clearwater, FL 33762
General Education
Registered Guests
More than just a calendar
The classes and events listed above represent the efforts of not just a hard-working education department, but an entire association staff, several committees, and volunteer leaders – all of whom are dedicated to building, delivering, and communicating a selection of classes taught by reputable instructors and esteemed special guests. Affordability is always on our minds, which is why we’ve created programs designed to lower costs whenever possible.
Whether your goal is continuing education, gaining designations and certifications, networking, or strengthening your specialty, you’ll find a multitude of options available and friendly guidance along the way. We strongly believe learning never stops, so we aim to serve REALTORS® no matter where they are on their professional journey, from the newly-licensed agent to the seasoned professional. Please visit our PRO/CPRO Education page to learn how we stand out from the crowd.
Education and events policies and terms
All attendees of classes and events (whether in-person, on-location, off-location, or via internet streaming) must agree to our policies and terms, which cover, and are not limited to: refunds, cancellations, no-shows, class misuse, video/photography, waivers, and special accommodation requests. This applies to all classes and events whether or not they are listed on this page’s calendar.