Why not use a standard 10% inspection for every property?+
Fannie Mae’s instructions use different size tiers and separate requirements for certain vacant and down units. A blanket 10% assumption can miss required access or misprice the assignment.
What is a down unit?+
It is an apartment that is not currently rentable because of its condition or required work. Identify the reason, repair scope, and estimated return-to-service work rather than treating it as an ordinary vacancy.
Can management substitute apartments on inspection day?+
Access changes should be discussed with the consultant and documented. Substitutions should preserve the required distribution and coverage; they should not conceal problem areas or bypass mandatory unit categories.
Does passing a housing inspection replace the PCA?+
No. An inspection used for property operations or a housing program serves a different purpose from transaction due diligence and capital planning. Provide prior results as evidence, not as a replacement for the commissioned PCA.
Is a Fannie Mae PCA the same as a standard PCA?+
The field assessment and capital analysis cover many of the same building systems, but the assignment must also follow the applicable Fannie Mae program scope, forms, definitions, and lender instructions confirmed for the transaction.
What should be confirmed before engagement?+
The lender, program, reliance parties, required forms, analysis period, property information, schedule, and any specialist requirements should be confirmed before fieldwork is scheduled.
Can KOW respond to lender comments?+
Yes. Comment coordination and final report issue can be included so property questions, document updates, and underwriting clarifications remain connected to the assessment record.
