After compression, the Coolant is rather hot and not yet entirely liquid. The next step is a cooling unit, called 'condenser'. It looks a bit like a shrunk car radiator. Usually you find one or more fans that ensure a good air flow through the condenser. You can find the condenser of many refrigerators at the bottom right underneath the fridge-door. When you put your hand there you will feel a warm air flow. This air was used to cool the compressed coolant.
Taken from Danfoss' website. Copyright by Danfoss
After the coolant has passed through the condenser, it has successfully finished it's phase change to liquid. In the next stage, the 'receiver' the liquid coolant is under high pressure and at about room temperature.