Another condo closing killed by master policy timing
You told the realtor you were good to go. Then the master policy came back non-compliant. The insurance agent won't add the certification language. The closing date is in 10 days. Sound familiar?
What loan officers are saying
These are real posts from loan officer communities. If you work FHA condos, you've probably lived some version of each one.
"He's been clear to close for essentially 10 days now, but I'm being held up because the master insurance policy for the condos expires on 9/22. Don't want to lose my brand new realtor that I told we were good as gold."
"The producer has told me they won't add the mortgagee clause with our bank. When I called the company issuing the policy, they said the producer has to do it."
"SOS - 5 days to close, just found out my condo is non-warrantable. Already spent $4k in escrow. My loan officer never checked."
"Why is it that HOA companies require you to obtain the master insurance policy through EOI Direct for $165+ when insurance companies for SFRs do it for free?"
The problem nobody's built for
FHA condo closings require coordinating three separate insurance layers - and no existing tool handles this.
Master Policy compliance - Must meet FHA/GSE requirements: deductible under 5%, 100% replacement cost, specific named perils. Non-compliance discovered late kills deals.
HO-6 certification language - Lenders need specific wording ("sufficient to repair"). Insurance agents refuse to add it. You're stuck between the agent and your underwriter.
Loss Assessment coverage - Calculating the right amount requires understanding HOA reserves, unit count, and master policy deductible structure. Get it wrong, underwriter sends it back.
Timing coordination - All three must be valid at closing. Master policies renew on their own schedule. One expiration can block an otherwise clean file.
Every killed closing costs you more than the deal
A dead FHA condo closing isn't just lost commission. It's the realtor who trusted you and won't refer again. It's the first-time buyer who saved for three years and just watched their escrow evaporate. It's weeks of work that produced nothing.
Encompass doesn't handle this. Blend doesn't handle this. LendingPad doesn't handle this. The major LOS platforms treat all property types the same. The 3-way condo coordination problem falls through the cracks because it's too specific for generic compliance tools.
That specificity is exactly why it needs a purpose-built solution.
Who's behind this
Christo Wilken
Software engineer, Berlin
I build software that solves specific, painful problems. I've spent weeks doing nothing but studying how FHA condo closings fail - reading loan officer forums, mapping the 3-way insurance coordination problem, understanding why every existing tool misses it. I'm not from the mortgage industry. That's why I can see what people inside it have learned to accept. If master policy timing and certification language refusals are costing you deals, I'd like to build something that actually fixes this.
Tell me about your worst condo closing
20 minutes. No pitch, no demo. I want to understand what actually goes wrong when you're trying to close an FHA condo loan, so what I build actually solves the right problem.
Book a conversationNo product yet. Your input shapes what gets built.