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Fannie Mae - I was Recently Accepted and I Recevied My User Name/Password

Posted by Jimmy D Moore, Lic RE Broker on March 1, 2010 at 1:59am in Sample Title

My REO Coach told me that even though getting accepted to their SAP Software doesn't guarantee REO Assignments, that once you get to this stage it is usually a good sign that they plan to utilize your services. 

 

Does anybody have a good phone number for them?  I was told that I should follow up and give them a phone call and find out who the Asset Manager is for my area.  

 

Thanks!

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Replies

      • PropBrker > Jimmy D Moore, Lic RE Broker April 26, 2010 at 6:06am
        Its been almost 13 days since I got my registration acceptance letter. Just hoping it has not got could in my junkemail.
  • PropBrker April 25, 2010 at 5:20pm
    I recently got this email from FANNIE....Thank you for registering as a potential supplier for Fannie Mae. Fannie Mae uses Frictionless SRM to facilitate our sourcing events. Registration in SAP does not guarantee assignment of work. You will receive a separate message that includes your user account information.

    Is this what you got? I never recieved the username or password though. Does it take a while to get that? Im getting excited about the possibilty, I have been trying to get in 15 years. I could have gotten in 15 years ago when several of my friends got in, but I was starting my company and did not what to mess up the account, then the door closed. Did I find a crack?
  • Chris Butterfield April 22, 2010 at 10:00am
    i think there might be some confusion. just because you have an app in to sap, and they accept that app, does NOT mean you are fannie approved. far from it. you are in line. a very long line. if you have not heard directly from fannie, you are definately not in...

    sorry...

    chris
  • Bryan Choate March 10, 2010 at 4:53pm
    Jimmy...I got approved as a Fannie Mae vendor in November, but nothing yet. Let me know if you find any tricks to getting assignments and I'll do the same. Good Luck!!!
    • Sharon Emery > Bryan Choate March 10, 2010 at 5:01pm
      No tricks, just be patient and excel at the clients you have.
  • Sharon Emery March 9, 2010 at 12:19pm
    FannieMae comes to you. You must purchase multiforms. They will send you a Master Listing agreement(MLA) and the asset manager usually calls you to get everything done, at least that is how I was brought into FannieMae.
    • Tyrone Henderson > Sharon Emery March 9, 2010 at 2:24pm
      Sharon
      Did you buy multiforms before or after beeing accepted?
      • Sharon Emery > Tyrone Henderson March 9, 2010 at 2:35pm
        When Fannie called me they told me I needed to get multiforms.so I did. This was 5 or 8 years ago, and I started getting listing right away. Fannie has 1 agent ofr every 20 listings. You are only allowed 20 at any one time.
        • Aaron Sandoval > Sharon Emery April 21, 2010 at 8:48pm
          Sharon,
          There is an Agent in Albuquerque that seems to have Fannie Mae homes locked up - currently he has 30+ homes active on MLS. I cannot find any other Agent w/ Fannie Mae homes - he has been listing FM homes for way over 2+ years...so exactly how is it supposed to work?
          Any light that you can shed will be greatly appreciated
          • Sharon Emery > Aaron Sandoval April 26, 2010 at 1:30am
            Each agent is allowed only so many lisitngs before FannieMae adds another agent, And FannieMae has very high standards, as do most asset companies. I personally feel that it also comes down to the relationship you have with your sales rep. They are all different and some you work with easier than others. FannieMae changes their sales reps avery 6 months or so. If the agent is doing a good job and it sounds like he is then why look for more agents? I checked Albquerque and there are alot of fanniemae properties and I looked at the first 4 homes and each had a different listing agents so there are a least 4 agents there.
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