Certification of Project Compliance Condominium/PUD Lender ...
Certification of Project Compliance
Condominium/PUD Lender Warranty
Instructions: Condominium and Attached PUD projects must be warranted to the applicable SunTrust Condominium/PUD guidelines. This
Certification must be fully executed and placed in every delivery package secured by a Condominium or Attached PUD. Please check the
appropriate warranty code shown below. In the event a project appears on the SunTrust Mortgage Approved Condo list, please check the appropriate
code shown on the list and include both the approved list and this form in the delivery package.
Correspondent condominium loans that are underwritten by SunTrust Mortgage, Inc regardless of delegation level must be submitted to the
SunTrust Mortgage Condominium/PUD Department for review and must be deemed warrantable in order to be eligible for purchase.
Upon approval, the SunTrust Condominium Department will provide an executed copy of this form to be included with the loan delivery
package.
CHECK
ONE
BELOW
CHECK
ONE
BELOW
Fannie Mae
Condo Review Type
CHECK
ONE
BELOW
Freddie Mac
Code
SFC
P
588
Limited Review
DETACHED Projects
Q
N/A
Limited Review
Attached ESTABLISHED Projects
Streamlined Review
N/A
N/A
Established or New 2-4 Unit Projects
2 to 4 Unit Project
R
N/A
S
N/A
T
N/A
V
N/A
DU Refi Plus
N/A
296
Project Eligibility Waiver
(For use only with Type R or Type S)
N/A
Lender Full Review
NEW Projects
Lender Full Review
ESTABLISHED Projects
Fannie Mae Approval
(PERS / 1028)
Fannie Mae
Code
E
F
SFC
N/A
N/A
PUD Review Type
Established PUD
New PUD
Code / Description
Detached Project
(ALL units in Project detached)
New Project
Established Project
Reciprocal Review
CHECK
ONE
BELOW
Freddie Mac
Code / Description
Streamlined Review
Streamlined Review
FHA
CHECK
ONE
BELOW
Condominium Project Warranties (For use by DE Correspondents ONLY)
**FHA Condominium/PUD Project warranties are not issued by STM for Correspondents regardless of delegation level**
HRAP
DELRAP
Loan Level Certification (LLC)
Recertification
HUD Issued Project Approval
Lender Delegated FHA Project Review
Certification Review for Condo Projects on FHA Approved List
Recertification of HRAP
Lender Certification
By executing this form, the undersigned is certifying that all appropriate documentation has been examined and the determination has been made that
the project identified below is in compliance with all required guidelines. In addition, the determination has been made that the project is NOT a
Condo Hotel.
PROJECT NAME:
BORROWER:
SUBJECT PROPERTY:
LOAN NUMBER:
AUTHORIZED SIGNATURE:
DATE:
COR0212a (10/23/2015)
................
................
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