Getting Competitive Mortgages: First Step Project Approvals (National Condo Advisors)

Presented by Orest Tomaselli and Darlene Shannon

Session Description

The session will answer the question many communities ask, “Should our community obtain FHA, Fannie Mae and VA project approval.”

The session will focus on:
** Importance of agency approvals
** Impact on the community
** What is required
** Obtaining financing
** HELP! What to look for when hiring a professional to assist with the process

About the Presenters

Orest Tomaselli is Chief Executive Officer/President at National Condo Advisors. Orest is a knowledgeable consultant providing solutions for the condo and co-op industry that includes premier builders, developers and government agencies. With more than 25 years’ experience he has successfully identified the need to assist and educate developers, lenders, property managers and homeowner associations regarding the complexity of project review and necessity for project compliance. As a direct result of his knowledge regarding the ever changing condominium and cooperative market trends and his dedication to clients, NCA has grown to become one of the nation’s leading project consultant firms. His areas of expertise include condo reserve compliance, non-warrantable financing, lender portfolio, VA, Freddie Mac, FHA & Fannie Mae project approval.

Darlene Shannon is Chief, Business Development Officer at National Condo Advisors. Darlene has more than 30 years’ experience with the federal government and the mortgage industry. She served as a federal employee with the Rural Housing Service (Rural Development Manager) and with the Department of Housing and Urban Development /FHA (Technical Branch Chief). At both federal agencies she managed a staff of underwriters, appraisers and construction analysts. During Darlene’s 11 year tenure with FHA, her responsibilities included managing a staff of underwriters and appraisers. Her main responsibility was managing the condominium processing team for projects within the Philadelphia Homeownership Center’s geographic jurisdiction and the national contract for condominium project approval.