CondoTek
CondoTek is a Philadelphia-based technology firm that streamlines condo and co-op lending for U.S. mortgage lenders through document acquisition, expert project review, and risk-free project warrants, serving 900+ lenders in all 50 states via its Encompass-integrated ordering portal.
- Company typePrivate
- Founded2013
- HeadquartersPhiladelphia, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What CondoTek does
CondoTek is a Philadelphia-based technology and information firm founded in 2013 by brothers Asher Kahn (CEO) and Joshua Kahn (CTO), focused on streamlining the lending process for condominium and cooperative properties in the United States. The company serves mortgage lenders of any size with two flagship products: CondoPak, a document-and-data acquisition tool that consolidates the complex paperwork required to underwrite condo and HOA properties, and Condo Project Warrant (CPW), an end-to-end solution that combines CondoPak with an expert project review and a life-of-loan risk-free warranty delivered at a standardized flat rate. Supporting products include Co-op Pak, Co-op Project Review, Developer Approval Services, Lending Compliance Report, Fannie Mae Unavailable Designation Analysis and Cure, Project-Wide Approval Services (Fannie Mae PERS, FHA, VA, Portfolio), and Title Delivery integrated with three national title providers.
Underlying the product suite is an in-house technology platform that automates data collection, validation, and project review, accessed through a self-service online ordering portal (condotek-order.com) and a native integration into Ellie Mae's Encompass loan origination system. The company operates an enterprise field sales motion alongside product-led self-service ordering, augmented by channel partnerships with The Mortgage Collaborative (preferred partnership), MGIC (all-in-one compliance co-marketing), and title providers (Kensington Vanguard, TitleVest, Cornerstone Land Abstract).
CondoTek's business model is per-transaction with a mix of subscription/recurring (CondoPak), one-time warrant fees (CPW), and project-based professional services (Project Approval Services, Lending Compliance Report). Revenue is not publicly disclosed. The company is bootstrapped (no venture capital) and has grown organically to serve 900+ lenders across all 50 states, completing 30,000+ project reviews and 100,000+ CondoPaks. A Q4 2021 acquisition of National Condo Advisors brought project review in-house and added veteran agency project standards expertise to the leadership team.
CondoTek firmographics
Firmographics- Name
- CondoTek
- Legal name
- CondoTek
- Website
- https://condotek.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CondoTek is a Philadelphia-based technology firm that streamlines condo and co-op lending for U.S. mortgage lenders through document acquisition, expert project review, and risk-free project warrants, serving 900+ lenders in all 50 states via its Encompass-integrated ordering portal.
- Ownership category
- akta.pro rank
CondoTek industry classification
Industry- Product category
- Condominium Lending Compliance Software
- akta.pro primary industry
- Condominium Association Management (BPAJAHAA)
Keywords
Where CondoTek is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CondoTek business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- CondoPak: Document and data acquisition service for condominium lending compliance. Provides lenders with comprehensive documents and data required for underwriting and approving condo and HOA properties.
- Condo Project Warrant (CPW): End-to-end solution delivering documents, data, and a risk-free project warrant for condo and co-op loans at a standardized flat rate. Provides consistent, standardized project approval.
- Lending Compliance Report: Provides associations with a complete analysis of a condo/co-op property as it relates to Fannie Mae/Freddie Mac and/or Portfolio Lending Approval, Access and Compliance.
- Project Approval Services: Site-wide approval services including Fannie Mae PERS Project-Wide Approval, Portfolio Lending Approval, FHA Lending Approval, and VA Lending Approval for condo and co-op properties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Condo Project Warrant (CPW) - standardized flat rate |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
CondoTek product offering
Product offeringCore offering
CondoTek is a technology and information firm that streamlines condominium and co-op lending compliance for mortgage lenders, condo/co-op associations, and developers. Its core products — CondoPak and Condo Project Warrant (CPW) — automate document and data acquisition, expert project review, and risk-free project warranty for condo and co-op loans nationwide.
Product overview
CondoTek offers a unified platform-plus-modules product architecture centered on streamlining the condominium and cooperative lending process. The core platform consists of an Online Ordering Portal integrated with Ellie Maa's Encompass LOS, providing lenders a centralized hub for ordering all products. The flagship products are CondoPak and Condo Project Warrant (CPW)—CondoPak provides document and data acquisition for underwriting while CPW delivers an end-to-end warranted review with a risk-free project warranty at a flat rate. These core products are complemented by specialized modules including Co-op Pak, Developer Approval Services, Lending Compliance Report, Fannie Mae Unavailable Designation Analysis and Cure, Project-Wide Approval Services (PERS, FHA, VA, Portfolio), and Title Delivery. The company has also built integrations with title providers (TitleVest, Kensington Vanguard, Cornerstone Land Abstract) and mortgage insurer MGIC directly into its CPW product for seamless compliance validation.
Differentiator
Problem solved
Functional benefit
Brands
- CondoPak: CondoTek's flagship product for streamlining documents and data for lenders underwriting and approving condominium and homeowner association properties.
- Condo Project Warrant (CPW)
- Co-op Pak
- Lending Compliance Report
Products and services
- CondoPak CondoTek's flagship document and data acquisition product that enables mortgage lenders of any size to acquire the complex array of data and documents required for underwriting and approving condominium and HOA properties nationwide. Delivered as a recurring subscription product.
- Condo Project Warrant (CPW) End-to-end solution that delivers documents, data, and a risk-free project warrant for condo and co-op loans at a standardized flat rate. Combines CondoPak document acquisition with a warranted review and life-of-loan guarantee, providing a consistent standardized solution to warrant and approve condo and co-op loans.
- Co-op Pak Document and data acquisition product specifically designed for cooperative housing properties, enabling lenders to acquire the complex array of data and documents required for underwriting and approving co-op properties nationwide.
- Co-op Project Review Project review services for cooperative housing properties, providing expert project and loan level reviews for co-ops similar to the condominium review services.
- Developer Approval Services Services for developers seeking project approvals for new condominium developments, helping ensure buildings meet agency lending requirements and have access to residential mortgage financing. Capabilities originated with the Q4 2021 acquisition of National Condo Advisors.
- Lending Compliance Report A comprehensive analysis product for condo and co-op associations that provides a complete analysis of a property as it relates to Fannie Mae/Freddie Mac and/or Portfolio Lending Approval. Covers governing documents, property insurance, operating budget, reserves, reserve study, engineering reports, litigation, financials, and property violations.
- Fannie Mae Unavailable Designation Analysis and Cure Analysis and curative prescription service for properties on Fannie Mae's 'unavailable for lending' condo and co-op property designation list. Provides comprehensive analysis of the issue rendering the property unavailable, review of operating/financial/legal documents, engineering and reserve study reports, and determination of curative steps to return property to acceptable status.
- Project-Wide Approval Services Four unique site-wide approval services for condo and co-op properties including Fannie Mae PERS Project-Wide Approval, Portfolio Lending Approval, FHA Lending Approval, and VA Lending Approval.
- Title Delivery Integrated title ordering service allowing lenders to add title orders from partnered title providers (TitleVest, Kensington Vanguard, Cornerstone Land Abstract) directly through the CondoTek portal when ordering CondoPak or Condo Project Warrant, with typically 10-day or less turnaround.
Quantifiable outcome
- 30,000+ projects reviewed
- +3 more outcomes
Companies that use CondoTek
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
CondoTek technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
CondoTek partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Allcock MarcusminorStephen Marcus of Allcock Marcus joined CondoTek as a special guest speaker during the 2026 Condo Insurance Requirements webinar, providing expert guidance on condo insurance compliance and association risk exposure.
- MGIC (Mortgage Guaranty Insurance Corporation)coreCondoTek and MGIC launched an All-In-One Condominium Compliance solution. CondoTek's Condo Project Warrant now simultaneously validates condominium projects for MGIC underwriting compliance while delivering validation for agency policies. The MGIC Compliance validation is delivered at no additional cost to CondoTek's CPW users.
- Ellie Maa (Encompass)coreCondoTek launched their updated and improved integration into Ellie Maa's Encompass, the industry's most popular loan origination software. Lenders integrated in Encompass can now order and receive CondoTek's full suite of products and services including Condo Project Warrant through their LOS.
- Kensington VanguardminorKensington Vanguard was tapped as an exclusive provider for the CondoTek platform. They provide title services through CondoTek's ordering portal, committed to delivering the industry's fastest and highest quality title services for condo lending.
- TitleVestminorTitleVest is one of three national title providers integrated into CondoTek's portal for title delivery services. They have a unique understanding of the complexities of underwriting policies secured by condominiums and HOAs.
- Cornerstone Land AbstractminorCornerstone Land Abstract is one of three national title providers integrated into CondoTek's portal for title delivery services. They understand the complexities of underwriting policies secured by condominiums and HOAs.
- The Mortgage CollaborativecoreThe Mortgage Collaborative, the nation's largest independent mortgage cooperative, formed an exclusive Preferred Partnership with CondoTek. Members receive unique benefits when using CondoTek products and services including CondoPak and Condo Project Warrant. Both companies emphasize automation and technology for mortgage lenders to provide better, faster and more cost-effective processes.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
CondoTek competitors and assessment
Company assessmentBroad incumbents
- CoreLogic: CoreLogic is a large real estate data and analytics provider offering property data, risk analytics, and workflow tools to mortgage lenders. It is comparable to CondoTek because both supply data-driven property intelligence and underwriting decisioning tools into the mortgage origination workflow.
- ICE Mortgage Technology (Ellie Mae): ICE Mortgage Technology operates the Encompass loan origination system that CondoTek integrates into, and is a major mortgage-tech platform serving lenders with workflow, compliance, and data tools. It is comparable because both operate in the mortgage lender compliance and workflow automation space, though ICE is a broad incumbent LOS platform.
- Black Knight: Black Knight is a major mortgage technology and data provider serving lenders, servicers, and the secondary market with origination, closing, and analytics solutions. It is comparable to CondoTek because both serve the operational and compliance data needs of residential mortgage lenders.
- First American Financial: First American Financial is a large title insurance and settlement services provider serving mortgage lenders with title, escrow, and property data. It is comparable to CondoTek because both enable condo/co-op property validation and supply lender-facing compliance documentation in the origination workflow.
Emerging players
- Radian Group: Radian is a private mortgage insurance company offering MI and related risk solutions to lenders, including condo project approval workflows. It is comparable to CondoTek because both participate in condo/co-op project eligibility validation for lenders, though Radian is an MI carrier while CondoTek is an independent review/warrant provider.
- AppFolio (HOA/Property Management): AppFolio provides cloud-based property management software used by HOA/condo association managers to administer communities. It is comparable to CondoTek because both serve the condo/HOA ecosystem and increasingly touch lender compliance and association reporting needs.
Others
- Genworth Financial (MI): Genworth is a major U.S. mortgage insurance provider that validates condo project eligibility for lenders and is an adjacent participant in condo compliance alongside partners like MGIC. It is comparable because both operate in lender-facing condo project approval and underwriting compliance.
- Appraisal Institute-affiliated condo review firms: Various regional condo/co-op review and certification firms (including appraisal and property inspection companies) provide project approval services for lenders; comparable to CondoTek as they perform the same underlying condo/co-op project review workflow for mortgage underwriting.
Regional players
- HOA.com: HOA.com is a U.S. residential services platform that connects homeowners with HOA management, document, and community information services. It is comparable to CondoTek because both aggregate condo/HOA information used by lenders and homeowners for compliance and due diligence.
Direct peers
- Vantem Modular / Cascade Condo Certifications: Cascade Condo Certifications is a condo/co-op certification and project review firm serving lenders and associations, providing similar project approval and document review services. It is comparable to CondoTek because both directly compete in lender-facing condo/co-op project certification and underwriting review.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
CondoTek social profiles
Digital presenceCondoTek financial estimates
Financial estimateRevenue estimate
Valuation estimate
CondoTek leadership team
Management profileNumber of profiles
Profiles9 records
CondoTek subsidiaries and ownership
Company hierarchySubsidiaries1 record
CondoTek funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CondoTek M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CondoTek
What does CondoTek do?
CondoTek is a technology and information firm that streamlines condominium and co-op lending compliance for mortgage lenders, condo/co-op associations, and developers. Its core products — CondoPak and Condo Project Warrant (CPW) — automate document and data acquisition, expert project review, and risk-free project warranty for condo and co-op loans nationwide.
Is CondoTek a public or private company?
CondoTek is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CondoTek founded?
CondoTek was founded in 2013. It employs 1 to 10 people.
Where is CondoTek based?
CondoTek is headquartered in Philadelphia, United States, in the North America region.
How does CondoTek make money?
Four revenue lines are on record. CondoPak is the primary driver. The others are condo Project Warrant (CPW), lending Compliance Report and project Approval Services.
Who are CondoTek's main competitors?
Broad incumbents on record are CoreLogic, ICE Mortgage Technology (Ellie Mae), Black Knight and First American Financial. Emerging players are Radian Group and AppFolio (HOA/Property Management). Others are Genworth Financial (MI) and Appraisal Institute-affiliated condo review firms. HOA.com is listed as a regional player. Vantem Modular / Cascade Condo Certifications is listed as a direct peer.
Does CondoTek have an API?
No public API is recorded for CondoTek.
What industry is CondoTek in?
CondoTek's product category is Condominium Lending Compliance Software. Its primary akta.pro industry code is BPAJAHAA, Condominium Association Management.