fannie mae outsourcer vs fannie mae direct listing agent

[Jessica Klein RDCPro]

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, Realtorhttp://www.RealEstateCopa.com

[Jack Wolf]

What does RFx Response Status firm mean on the FM website?

[Brandon Jordan]

http://reopro.ning.com/group/fanniemae This is a group that is started up that covers all things Fannie Mae. I am just wondering did you convert to broker associate and has that helped grow your business now in REO?

[Jessica Klein RDCPro]

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 :)

[James Dienes]

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!!!

[James Dienes]

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.

[Brigitte Mueller CDPE, CNE, CSSN]

I agree with Gloria's comments. Not fair, but that is they way it's happening.

[CJ Oliver]

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.

[Margaret Loudermilk]

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.

[Jessica Klein RDCPro]

It is an odd policy. The one agent per broker that is. Did you end up doing Fannie direct listing vendor work?

[Gloria Thompson]

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