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Business Review - Broker Notifications Follow Up (On Boarding)
Fannie Mae sends email for on boarding once brokerage approved. You are invited to become a Fannie Mae National Property Disposition Center (NPDC) Vendor. It is a long process.
So are you saying that, once are invited then we are actual accepted to become a Fannie Mae Approved Broker?
I have a question, I received for the last three years eight invitations from Fannie Mae and I am still not approved, can someone explain to me how this really works? I’m very knowledgeable in this field even I never list REO on my own. I explain that in my application that I been subcontract with REO Agents to help them.
Do you mind me asking, which asset management companies are handling Fannie Mae listings?
Yes as long as your BROKER is a Fannie Mae broker. You mean nothing to FM. Your broker must meet certain criteria to gain this blessing. I have been doing Fannie Mae directs for approx 10 years and EVERYTHING is changing. From my knowledge the outsource companies for FM will not be around soon.
About Multiform: DO NOT BUY THIS. Fannie mae is now using Equator and Multi form is no longer needed. Thanks
You are correct although Multi forms is still needed for some activities that are requested.
All the needed forms can be found on Fannie Mae's SFR site. FYI. You must have a username and password to use this system though. It would be similar to your OLD AMN login info. Thanks
Fannie Mae removed all outsourcers 6-12 months ago....at least in my area. I am pretty sure it was nationwide.
You are correct all Fannie Mae sales are handled in house. Im in Texas
Joshua I am in Texas as well What county are you in. Grayson County is where I am at.