{"id":1634,"date":"2023-03-07T17:33:59","date_gmt":"2023-03-07T17:33:59","guid":{"rendered":"https:\/\/onqfinancial.com\/tpo\/?p=1634"},"modified":"2023-03-07T17:34:00","modified_gmt":"2023-03-07T17:34:00","slug":"delegated-fnma-cpm-full-review-guideline-change","status":"publish","type":"post","link":"https:\/\/www.onqhomeloans.com\/tpo\/delegated-fnma-cpm-full-review-guideline-change\/","title":{"rendered":"DELEGATED \u2013 FNMA CPM Full Review Guideline Change"},"content":{"rendered":"\n<p><strong>Effective July 1, 2023<\/strong><\/p>\n\n\n\n<p>On March 1, 2023, Fannie Mae released Announcement <a href=\"https:\/\/singlefamily.fanniemae.com\/media\/33551\/display\" target=\"_blank\" rel=\"noopener\">SEL-2023-02<\/a> &nbsp;which included a new requirement to use the CPM (Condo Project Manager) for all condo projects being reviewed under the Full Review Process. Lenders must use CPM for Full Reviews for loan applications dated on or after July 1, 2023.<\/p>\n\n\n\n<p>All Fannie Mae seller\/servicers have access to CPM. Correspondent originators who are not approved seller\/servicers will be able to request access by May 1, 2023. These third-party originators will receive separate communication on how to access CPM through Technology Manager.<\/p>\n\n\n\n<p>As a reminder, certain projects will remain exempt from the required use of CPM including projects that qualify for a waiver of the project review per the policies in the Selling Guide, projects where the Limited Review process is used, manufactured home condo projects, and co-op projects. Lenders are required to deliver the CPM ID number at delivery for projects where CPM was used, including projects with a Fannie Mae Approval.<\/p>\n\n\n\n<p><a href=\"https:\/\/singlefamily.fanniemae.com\/media\/30511\/display\" target=\"_blank\" rel=\"noopener\">Condo Project FAQs<\/a><\/p>\n\n\n\n<p>If you have any questions regarding the above, please contact your Account Executive or Lender Support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Effective July 1, 2023 On March 1, 2023, Fannie Mae released Announcement SEL-2023-02 &nbsp;which included a new requirement to use [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":1635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,34,44,33,32,59],"tags":[69,10,70],"class_list":["post-1634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcement","category-correspondent","category-credit-policy","category-delegated","category-delegated-trade-desk","category-fnma","tag-cpm","tag-delegated","tag-full-review-condo"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/posts\/1634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/comments?post=1634"}],"version-history":[{"count":0,"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/posts\/1634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/media\/1635"}],"wp:attachment":[{"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/media?parent=1634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/categories?post=1634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onqhomeloans.com\/tpo\/wp-json\/wp\/v2\/tags?post=1634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}