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I'm new to the site so I hope I am not breaking any rules.

My latest quest in the REO world is acceptance into the Fannie Mae Broker network. Would anyone happen to know how the Sales Representatives are assigned properties? Is it geographically? If it is then it would be possible to determine which Sales Rep's cover my area. Then i would know who I need to solicit.
Thank you to anyone who would be kind enought to share some insight!

Lorraine

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Southern California Broker Application-6 for FNMA was due by 10/15/2010. Fannie Mae anticipates conclusion of review/evaluation by mid-Nov. to early Dec. 2010. Prior to this time, Fannie Mae will not be able to provide feedback to Respondents regarding thier inclusion in the Fannie Mae Network. Posted from FNMA website. Their is a new FNMA rep for Southern California coming from Arizona recently.
Has anyone heard from FNMA on this yet? I haven't heard anything back yet.
Hi Kent,

I recently received the Southern California Broker Application-2 also due on 10/15. Do you have any idea why yours is -6 and mine was -2? Did you work your way up to -6 or is that for each area?

Hi Richard,

The application was the same for Southern California. I am not sure about

the number sequences. My initial application was approved and then sent

to the next level for approval. Still no guarantees.

I agree with Lorraine--fannie is basically owned by all of us taxpayers. They should spread them around. We have Brokers with 30+ listings, while most have none. Not fair.

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