Project Risk Evaluation Partners
Comprehensive services that improve accuracy in residential condominium and cooperative project risk analysis
Managing client risk is our business
Our Services
Project Risk Evaluation Partners provides services focused on condominium and cooperative project risk analysis and review for clients with or without in-house departments. Our services are comprehensive, accurate, and fast.
Condominiums
All Agency and Client Portfolio review types for New and Established Condominiums. Reviews include the PREP certificate, with or without Condo Project Manager (CPM) certification (requires Client provisioning for access) indicating eligibility status and, whenever possible, issues and their potential path to remediation are addressed. While GSE eligibility guidelines are standard, PREP can easily accommodate a client’s portfolio specifics.
Cooperatives
Agency and Client Portfolio review types for New and Established Cooperatives. Reviews include the PREP certificate indicating eligibility status and, whenever possible, issues and their potential path to remediation are addressed. While GSE eligibility guidelines are standard, PREP can easily accommodate a client’s portfolio specifics.
Project Eligibility Review Service (PERS)
Eligibility Analysis and Form completion in support of the Client’s application for project approval. Based upon a given project’s inherent characteristics, PERS may be required.
PREP Report
Comprehensive Project Assessment allowing for execution across multiple project review types that can be crucial in the planning and construction phases of planned condominium and cooperative projects.
Closed Loan Eligibility Audit
Forensic closed loan project evaluations conducted for condominium and cooperative projects to ensure that all eligibility guidelines and requirements were followed as required by investor guidelines.
General Consultation
PREP is available to address all aspects of condominium and cooperative project analysis including how litigation impacts a project to individual document review to planning for future new builds where development, financing and agency requirements intersect.
See our
Client Testimonials
Our clients are the best measure of the quality of the services that we provide.
Let Project Risk Evaluation partners demonstrate the cost benefits and savings of our services
This is
Our Story
PREP began as a way to solve a problem. Condominium and cooperative lending is a complex process that often relies on an overly simplistic and arcane adherence to guidelines that bear no relation to the understanding of what drives real risk. The traditional ways of reviewing a project do not address all the complexities relevant to the evaluation of project risk. PREP’s experience and detailed analysis of pertinent data provides an accurate, factual, and complete review of a project.
Read the
Latest From the Blog
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
News: Project Risk Evaluation Partners Featured in Brick Underground Article
We are thrilled to announce that Project Risk Evaluation Partners was featured in an article by Jennifer White Karp on Brick Underground. The piece, titled “Here’s
Understanding the New Fannie Mae Insurance Requirements for Condos and Coops
Insurance requirements for condos and coops have recently undergone significant changes, with Fannie Mae introducing a new level of detail that requires confirmation of certain
The Importance of Accurate Condo and Coop Questionnaire Responses
The tragedy of the Champlain Towers South collapse on June 24, 2021, in Surfside, Florida, and the impact of that event on condominium and cooperative
Project Risk Evaluation Partners “PREP” provides services for anyone in the condo and coop space.
PREP provides critical analysis to the lender essential for secondary mortgage market compliance. PREP also provides information to developers keen on ensuring end-loan availability on unit sales and provides valuable information for consumers, real estate brokers and attorneys.