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Rexera (fka InspectHOA) Launches Condo Project Review for Lenders

Condo Review, Lenders,
Published: Nov 29, 2022
Updated on: Jun 11, 2024
  by Editorial team
blog

A brand new solution for HOA Documents Acquisition and Condo Project Review empowers lenders to save time and serve their customers more efficiently and timely.

InspectHOA has launched Condo Project Review, an innovative new addition to its real estate platform that removes the need to collect and analyze difficult-to-obtain, lengthy, and convoluted HOA and condo documents. The new product covers two verticals: acquiring HOA and condo documents and ensuring a 100% transparent, limited, and full Fannie & Freddie condo eligibility review.

The company is on a mission to give back time to underwriters by acquiring all HOA, Condo, and Co-op documents so they can close more transactions, create happier outcomes for their clients, and reduce the risk of transactions falling through. Following the footsteps of InspectHOA’s HOA product, Condo Project Review only needs the property address and a deadline to collect the information, so underwriters no longer have to wait for sellers to fill in lengthy forms.

Condo Project Review provides a fully warranted project review so underwriters can focus on their strengths and offer a superior customer experience. The review highlights potential Fannie Mae, Freddie Mac, Federal Housing Administration, and other investor eligibility issues hidden in hundreds of pages of condo documents.

Powered by machine learning algorithms supervised by experts in the field, the platform processes hundreds of pages across numerous documents to create a one-page, standardized, and underwriter-friendly summary of approval/denial, which has proven to be crucial to closing deals on time.

“We have seen strong digitalization efforts across the board in the real estate and mortgage industry. To me, it is important that we continue to push for digitization and deliver solutions that help real estate and financial services professionals do their jobs better and more quickly and easily,” says Vishrut Malhotra, InspectHOA’s CEO. “There is so much potential for minimizing risk while offering superior customer service during real estate transactions, and our clients see significant improvements when using technology.”

About InspectHOA

InspectHOA standardizes and digitizes the document acquisition and analysis process during real estate transactions. The company’s mission is to enable real estate professionals to focus on the personal part of their work by automating repeated manual processes.

InspectHOA was co-founded by Vishrut Malhotra (CEO), Anton Tonev (Chief Revenue Officer), and Atin Hindocha (Head of Operations). The company works with clients like title and escrow companies, lenders, real estate lawyers, iBuyers, and other real estate investors. InspectHOA has a presence in the US, Bulgaria, and India.

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What our clients say about us?
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Katie Zorn, Ambassador, Hankin & Pack
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I couldn't do my job without you
You all rock! Seriously. I do see all the hard work you guys do. This job isn't easy. I couldn't do my job without you guys so I mean it when I say YOU ROCK!
Katie Zorn, Ambassador, Hankin & Pack
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Lori, Escrow Support Supervisor
A huge win for us
"Your team discovered the lien and let us know so we were able to get the payoff statement. We were also able to revisit the research and find the recorded lien.

This is a huge win for us – so THANK YOU for all you do!"
Lori, Escrow Support Supervisor
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Brad Honn, Senior Director of Escrow and Title Operations, Homeward
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Worry-free closings
“As we all know, HOA issues can really blow up and cause a lot of problems for closing. So it helps us all sleep better knowing that there is not going to be a problem, or anything we forgot on the order, or an update that we forgot to complete before closing the transaction. Because we have a great partner Rexera (formerly InspectHOA), making sure that those things don’t happen to us.”
Brad Honn, Senior Director of Escrow and Title Operations, Homeward
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Kacie McAteer, Vice President, Ideal Title Agency
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They always go the extra mile
"Rexera (formerly InspectHOA) is simply above the rest when it comes to our HOA needs. Their portal is perfect, their communication is constant, and they always go the extra mile in order to meet our deadlines and impress our customers. I would highly recommend them to everyone in the title insurance industry. Thank you Rexera for all that you do!"
Kacie McAteer, Vice President, Ideal Title Agency
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Diana Casella, Ideal Title
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A vendor that cares
"We’ve only been working with you all for a little while, but so far my team is singing nothing but praise and relief at finally having a Vendor that cares about these files as much as we do. "
Diana Casella, Ideal Title
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Michelle Rose, Partner, Closing Day Settlements
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Number #1 for efficiency
"I highly Recommend Marina Hubenova and sending all orders to Rexera (formerly InspectHOA). I love sending all my orders through their client portal or in Qualia. They are number #1 with efficiency and detailed reports. I never think twice on placing my orders with them. "
Michelle Rose, Partner, Closing Day Settlements
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Shawna Hernandez, Chief Operating Officer, Endpoint
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A partner for innovation
"We are constantly tweaking and refining our processes, so we needed a reliable partner that would go along this journey with us. And Rexera (formerly InspectHOA) is exactly that."
Shawna Hernandez, Chief Operating Officer, Endpoint
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Cristina Sadler, Escrow Officer, TransCounty
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A way to take back control
“I was worried the job wouldn’t get done, but it always gets done! It’s worth it; it’s beyond worth it!"
Cristina Sadler, Escrow Officer, TransCounty
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Scott Young, EasyKnock
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A solution to a historical problem
"Rexera (formerly InspectHOA) has been an instrumental partner in mitigating risk and creating efficiencies in our acquisition process. They are the solution to a historical problem that title companies and other vendors face in every transaction."
Scott Young, EasyKnock
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Melissa Daniels, CEO, Emerald National Title
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Going above and beyond
“Why does a closing have to feel like a transaction? At Emerald National Title, our vision is to create a customized experience with a dedicated closing officer. So when a closing goes sideways, and you have a partner like Rexera that sends someone to the HOA office in person to help resolve the issue, that is a partner that understands that buying a home is personal, not a transaction. That is an example of Rexera going above and beyond that directly supports the vision for my business.”
Melissa Daniels, CEO, Emerald National Title
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