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fannie mae outsourcer vs fannie mae direct listing agent

Hello REOPRO,

This is my first blog post here, so I am just learning this system, more on that later.

So, has anyone got started doing the Fannie Mae outsourced listings, and then moved to being a direct Fannie Mae vendor listing agent? I have done well with outsource companies and I am just starting to consider selling direct for Fannie Mae.

I am an agent; soon to be a broker associate for a large firm West USA Realty and I have my own small team. I understand the Fannie Direct listings are Broker specific. There is an agent with my firm but in a different office (same designated broker) selling for Fannie direct I believe. Does anyone know if another agent in my company selling for Fannie will preclude me from getting a Fannie Mae direct listing account?

And, like I said 'just learning this system' wow all the blogging and techno stuff is enough to make you crazy these days! Can't live without out, can't take a day off because of it! Hope to hear from members soon, looking forward to meeting new people, and learning new stuff.

Jessica Klein, Realtor
http://www.RealEstateCopa.com

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Comment by Jessica Klein RDCPro on May 30, 2010 at 4:49pm
thanks Ashley :) I think Bridge folks will respond direct to you Tuesday after holiday might be crazy, but based on what I can see in you comments on REOPRO and on your experience I am thinking they will really want an agent of your calibur there :)
Comment by James Dienes on February 18, 2010 at 9:14pm
Recently started dealling direct with Fannie Mae, and I have to say they are GREAT to work with!! Very helpful, friendly, professional. May soon become my favorite client, although Chase, EMC, Wachovia and Wells Fargo are great too! Love the REO Business!!!
Comment by James Dienes on February 6, 2010 at 11:08am
I am a Fannie Mae Direct Broker/Agent. I was recently told by my AM that I could sign up another person in my office to be a listing agent for Fannie Mae. In the process now so I will let you know how that works out.
Comment by Brigitte Mueller CDPE, CNE, CSSN on December 3, 2009 at 12:12am
I agree with Gloria's comments. Not fair, but that is they way it's happening.
Comment by CJ Oliver on December 2, 2009 at 5:04pm
They pretty much do it like Freddie and if they have a broker signed up they won't select an agent. An agent can leave a brokerage and they broker can assign the Fannie business to another agent. They won't follow the agent, he or she would have to resign up their new broker with themself as the contact person. Better have a really good relationship with an am to pull that off.
Comment by Margaret Loudermilk on December 1, 2009 at 8:23am
Jessica & Gloria are absolutely correct. My business partner is a fannie mae direct listing agent. He was thinking of changing brokerage firms but found out the "broker specific" rule from a fannie mae asset manager. He is considering starting his own brokerage. This would be the best remedy for our area. Just getting on the list at all would pose a challenge for most aby agent/broker.
Comment by Jessica Klein RDCPro on November 24, 2009 at 4:47pm
It is an odd policy. The one agent per broker that is. Did you end up doing Fannie direct listing vendor work?
Comment by Gloria Thompson on November 24, 2009 at 4:43pm
Hi Jessica,
I went to a Fannie workshop this last summer here in California and I can confirm that Fannie Direct listings are Broker specific. Fannie will only accept one agent per broker no matter the size of the agency. Not quite fair, is it?

Gloria Thompson, Realtor
DRE 01798762

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