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I am not sure why but they were one of the best companies I worked for so far!
Super responsive and professional!
Without revealing my source, I can tell you that Fannie is going to be purging many of their AMP's this year for lack of peformance. EAM may have been one of the first but, it won't be the last. In fact, the rumor is that Fannie Mae will be consolidating procedures to Dallas and closing the Irvine California office and in this process going from their current AMP list of about 15 to under 5 to 7.
What many of us agent don't know is that Fannie has even changed their payment profile with these AMPs. If you are not one of the top 3 AMPs, you don't even make a fraction on the file as you once did. For many AMPs, it's just not worth doing business with Fannie unless they are in the top 3 of performance so, many....are leaveing and many are being told to leave. What the specifics are for EAM, I can only speculate but, after talking with several of their employees who are no longer there, it's primarily because of not meeting metrics.
Any idea which AMPs are the strongest performers?
I noticed that the 4 Fannie Mae AMPs I work with all have had signifigant drop in assignments in the past 2-3 months. I am hoping at least one of them are the 'survivors' and can get more Fannie Mae business in the months to come. If not, I want to know which AMPs I should be targeting for future business. There is already another agent in my office who is Fannie Direct, so my only option is AMPs for Fannie Mae business.