Selling Guide

Published April 07, 2021

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What is Condo Project Manager?

Condo Project Manager (CPM)

Lenders may use Condo Project Manager (CPM) to assist in their Full Review of a project (except for projects containing manufactured homes). CPM is a web-based tool designed to help lenders determine if a project meets Fannie Mae’s eligibility requirements. When CPM is used as part of the project review, the lender must document the loan file with the CPM decision by including the unexpired CPM Certification in the file.

CPM Certifications are based solely on the data that the lender enters into CPM. The lender is responsible for reviewing the applicable project documentation to obtain the information needed to complete the project review and enter the data into CPM. The lender is also responsible for ensuring that all data entered into CPM is correct and that the project meets all applicable Fannie Mae eligibility requirements.

CPM is available on Fannie Mae's website.

Refer to B4-2.2-02, Full Review Process for additional information.

 

 

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