What We Do
Project Risk Evaluation Partners Do?
PREP provides comprehensive project risk analysis for condominium and cooperative projects nationwide.
Project Risk Evaluation Partners (PREP) analyzes data assessing risk and certifying eligibility compliance. PREP’s services open the condo and coop markets to all residential mortgage lenders, providing a cost-effective product to lenders currently originating condo and coop loans and an opportunity for lenders without project risk expertise hoping to safely enter that market.
As the condominium and cooperative market continues to grow, PREP provides lenders with what they need to finance with confidence, participating fully in this highly nuanced space while avoiding unnecessary risk.