The Mortgage Collaborative and CondoTek Form Preferred Partnership
Members of The Mortgage Cooperative will receive unique benefits when using CondoTek products and services, including CondoPak and Condo Project Warrant
May 19, 2022 — Philadelphia, PA – The Mortgage Collaborative, the nation’s largest independent mortgage cooperative, and CondoTek, the premier resource in technology and services for condominium and co-op lenders, announced today an exclusive Preferred Partnership that will bring CondoTek’s technology products and services to The Mortgage Collaborative members along with special benefits.
“Mortgage lenders originating and servicing loans for condominiums and cooperatives face a cumbersome and costly task processing and underwriting condo loans on their own,” said Rich Swerbinsky, president and CEO of The Mortgage Collaborative. “Our members will enjoy exclusive benefits when using CondoTek’s products and solutions that gives them the ability to lower their costs and increase efficiencies when underwriting condo and coop loans.”
Members of The Mortgage Collaborative will have access to CondoTek’s products, including CondoPak, a comprehensive documents and data product tool, and Condo Project Warrant (CPW), the ultimate end-to-end service that delivers documents, data and a risk-free project warrant.
CondoTek is planning additional integration releases this year designed to create a comprehensive, streamlined user experience for mortgage lenders originating and underwriting loans, said Asher Kahn, CEO of CondoTek.
“CondoTek is proud to be a preferred partner for the Mortgage Collaborative,” Kahn said. “We both place an emphasis on automation and technology for mortgage lenders to provide better, faster and more cost-effective processes that help create an optimum experience for their borrowers. It’s the perfect fit.”
CondoTek is a technology, information and consulting firm that provides mortgage lenders with regulatory guidance, project approvals and easy access to products and services for approving, originating and underwriting loans for condominium and co-op properties. CondoTek’s automated offerings enable small/mid- to large-sized lenders and other financial institutions and real estate companies to enhance their operational efficiencies and streamline the condo and co-op financing and investment process. CondoTek was founded in 2013 and recently acquired National Condo Advisors during the fourth quarter of 2021. CondoTek operates in all 50 states. For more information or to request a demo, visit www.condotek.com.
About The Mortgage Collaborative
Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA). For more information, visit mortgagecollaborative.com.