Fannie Mae approves four new BPO providers

[Fernando Conde REO ListingBroker]

Fannie Mae added four new broker price opinion providers to its database Friday, according to a servicing note sent out by the government-sponsored enterprise. As of Feb. 1, 2011, Fannie Mae is allowing servicers to use BPO referrals from all the companies on a list its compiling. Fannie Mae set limits on BPO reimbursements, effective Friday. The amount of reimbursement for an exterior BPO is $80 and for an interior BPO is $105. Fannie noted that the process for submitting reimbursement requests has not changed. That regulation takes effect with the option of using a Fannie-approved BPO provider on Feb. 1. Here is the list.

Clear Capital

IAS

ISGN

PCV Murcor

EMortgage Logic

LPS Applied Analytics Valuation Solutions - Fidelity

LPS Applied Analytics Valuation Solutions - Fidelity

LPS Applied Analytics Valuation Solutions - Fidelity

Old Republic Default Management Services

CoreLogic (formerly First American Residential Value View)

Mark to Market

[Nikki Crowder]

Thanks or the info. Why is it so hard to get in with these companines!!!!! :(

[Susan]

Fernando, Thank you for the excellent information!