Does anyone have any ideas on getting in with Freddie Mac? I have been trying for a couple of years to become an approved agent with no luck. I always get the same response "we are not looking for any agents in your area at this time, but you will get an email when we need more agents." Does anyone have any ideas?
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VRM has the most business, up until March 1st they were the only Freddie Mac Asset Company. Then at the end of Feb. we got notice that the other two were being added. I am in South MS and I have assignments with all three AM's so I do not think they are assigning certain ones to certain states I think it must just be split percentage wise.
Fannie/Freddie NEED to Spread their REOs out among Various Listing Agents!
Lately I have had clients make offers on Freddie Mac REOs with the local Freddie Mac REO listing companies. In Boise, as in many communities around the country, local brokerages have a virtual monopoly on listing properties for Fannie Mae and Freddie Mac.
The overwhelming number of REOs dumped onto our market has completely overwhelmed these listing agents. Of course, some of these REO agents are really great. Others agents though.... Just try getting a response from them within a week or two! We have one offer in on a Freddie Mac property and have not had a response from the listing agent for over three weeks! Turns out they recently received approximately 50 new Freddie Mac REO listings. Seems to me that this will merely reduce their poor service and slow responsiveness to non-existent!
It stands to reason that if Fannie and Freddie really do want to liquidate their massive inventory, then they need to spread these listings out over many more agents so that no one individual is overwhelmed. If you have had similar frustrations please comment so we can raise awareness of this issue and help facilitate positive changes in this industry!
John A Walker > Natalie and Randall FilbertJanuary 10, 2012 at 6:23am
Furthermore-all of us taxpayers bailed fannie and freddie out-we own them. How about some business?
Thank you for your input. I have beed signed up for Homesteps for quite some time and did hear that they are going to be doing away with that, but didn't know when. I will be doing what I can to get approved with Freddie as I am seeing a large amount of the foreclosures in my area are Freddie homes.
You have to sign up on HomeSteps for one and they only work with a couple of brokers/agents per area. I'm sure your area has already been locked down. There is a good article at www.thereoinsider.com, read "Unlocking the Gorillas Cage" on the right side. Here is a email I did get the other day stating Freddie Mac was doing away with HomeSteps on 2/1/2010 and starting a new program called HomeBase. There is a chance they make changes with new agents/brokers?
Retirement of Selling Agent Select Program and Important Information for Members
Effective Dec. 12, HomeSteps will retire the Selling Agent Select program.
As a member of the Selling Agent Select program, we want to thank you for your participation in our program. We appreciate your support and hope that you found the Selling Agent Select program to be a useful sales tool for you.
Please be advised of the following important information for Selling Agent Select members as we experience the system upgrade to HomeBase:
• The e-mailed lists of HomeSteps homes for sale will temporarily cease from Dec. 10, 2009 through Feb. 1, 2010.
• Users will need to register for the HomeBase program as a new member, even if you were previously registered for our Selling Agent Select program.
• While we experience this system upgrade, we will maintain your information in a secure database and continue to source for new listing brokers via this database.
New HomeBase Program to Launch February 2010
HomeSteps strives to make your experience on our Web site as user-friendly as possible. For this reason, we are replacing our Selling Agent Select program with HomeBase, a useful resource tool for selling agents, prospective listing brokers, non-profits, vendors and consumers.
HomeBase will launch on HomeSteps.com on Feb. 1, 2010. HomeBase is a free web-based system, available 24 hours a day, seven days a week.
HomeBase features include the following benefits for selling agents and prospective listing brokers:
• Weekly property lists of HomeSteps homes for sale in your area – now, up to 15 zip codes
• Contact information included on HomeSteps.com “Find an Agent” directory
• Notification of Sales Promotions/Bonus Opportunities
• Retains your application information in our supplier prospect database
• Online registration for educational seminars
Thank you.
Replies
Lately I have had clients make offers on Freddie Mac REOs with the local Freddie Mac REO listing companies. In Boise, as in many communities around the country, local brokerages have a virtual monopoly on listing properties for Fannie Mae and Freddie Mac.
The overwhelming number of REOs dumped onto our market has completely overwhelmed these listing agents. Of course, some of these REO agents are really great. Others agents though.... Just try getting a response from them within a week or two! We have one offer in on a Freddie Mac property and have not had a response from the listing agent for over three weeks! Turns out they recently received approximately 50 new Freddie Mac REO listings. Seems to me that this will merely reduce their poor service and slow responsiveness to non-existent!
It stands to reason that if Fannie and Freddie really do want to liquidate their massive inventory, then they need to spread these listings out over many more agents so that no one individual is overwhelmed. If you have had similar frustrations please comment so we can raise awareness of this issue and help facilitate positive changes in this industry!
Furthermore-all of us taxpayers bailed fannie and freddie out-we own them. How about some business?
Retirement of Selling Agent Select Program and Important Information for Members
Effective Dec. 12, HomeSteps will retire the Selling Agent Select program.
As a member of the Selling Agent Select program, we want to thank you for your participation in our program. We appreciate your support and hope that you found the Selling Agent Select program to be a useful sales tool for you.
Please be advised of the following important information for Selling Agent Select members as we experience the system upgrade to HomeBase:
• The e-mailed lists of HomeSteps homes for sale will temporarily cease from Dec. 10, 2009 through Feb. 1, 2010.
• Users will need to register for the HomeBase program as a new member, even if you were previously registered for our Selling Agent Select program.
• While we experience this system upgrade, we will maintain your information in a secure database and continue to source for new listing brokers via this database.
New HomeBase Program to Launch February 2010
HomeSteps strives to make your experience on our Web site as user-friendly as possible. For this reason, we are replacing our Selling Agent Select program with HomeBase, a useful resource tool for selling agents, prospective listing brokers, non-profits, vendors and consumers.
HomeBase will launch on HomeSteps.com on Feb. 1, 2010. HomeBase is a free web-based system, available 24 hours a day, seven days a week.
HomeBase features include the following benefits for selling agents and prospective listing brokers:
• Weekly property lists of HomeSteps homes for sale in your area – now, up to 15 zip codes
• Contact information included on HomeSteps.com “Find an Agent” directory
• Notification of Sales Promotions/Bonus Opportunities
• Retains your application information in our supplier prospect database
• Online registration for educational seminars
Thank you.
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