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Lender Questionnaire (Condominium Certification)

Mortgage lenders frequently require a lender questionnaire as part of the underwriting process for condominium purchases or refinances.


Our Lender Questionnaire package is prepared using current association records and commonly includes:


Questionnaires are completed using information available as of the preparation date and are date and time stamped upon issuance.


If updated information is needed after issuance, an update may be requested for an additional fee. If substantial time has passed or new information has become available, a new questionnaire may be required.


Escrow Demand Statement (Payoff Demand)

An Escrow Demand Statement is typically ordered by the escrow or closing company to determine the amounts due from the seller and any amounts to be collected from the purchaser at closing.


The report may include:

  • Outstanding assessments
  • Late fees, interest, and collection costs (if applicable)
  • Transfer fees
  • Resale or disclosure fees
  • Outstanding fines or other charges due under the governing documents
  • Prorated assessments and other amounts required for closing


The demand statement reflects the association's account information as of the preparation date and is date and time stamped upon issuance.


If closing is delayed or account activity changes after the report is issued, an updated demand statement may be required. Update requests are available for an additional fee.

THINGS TO REMEMBER:

 

  • All orders for Resale Certificates, Lender Reports AND Escrow Reports must be paid in advance; no exceptions.

 

  • We require up to ten (10) days (business days) to process your request and send your order.

 

  • “Rush” service is available for an additional fee. If “Rush” service is required, you MUST select that option at the time the order is placed. Rush orders will be delivered within three (3) days.

 

  • Each report bears a date and time stamp. NW Management Group LLC will NOT be responsible for changes that occur after that date and time stamp.

 

  • NO Refunds will be made after the documents are delivered (please pay close attention that the property address you enter/select is the correct address).