For placement on the condominium reviewer registry,
the DE lender must certify that their employee:
is qualified
to review and approve condominium projects,
has an FHA Connection
user ID, and
does not have a record in any of the following federal systems:
HUD's Credit Alert Verification Reporting
System (CAIVRS),
HUD's Limited Denial of Participation (LDP)
List, or
Excluded Parties List System (EPLS) of the
General Services Administration (GSA)
A
condominium reviewer's record must be recertified every two
years. Lenders must confirm that the reviewer is still
employed by them and continues to meet HUD's requirements.
If a condominium reviewer's record is not recertified, the
reviewer is no longer permitted to process condominium
projects.
Additionally, if a condominium reviewer's
information is updated and a record is found in CAIVRS
when the information is processed, the condominium reviewer's
record is automatically terminated.