Hey Everyone! I got this acceptance email back from Fannie Mae.....

Does anyone know if this is a positive sign to get on with Fannie Mae Direct?? Thanks in advance!

Welcome to SAP E-Sourcing. You have been established as a user of SAP E-Sourcing software. The software serves as Fannie Mae's central supplier database. It is utilized to facilitate our supplier registration process, capture ongoing updates to supplier profiles and documentation, identify prospective suppliers for bidding opportunities, and to communicate and manage competitive bidding opportunities.

Registration in SAP E-Sourcing does not guarantee that your company will be selected to do business with Fannie Mae. Should your company be invited to participate in a bidding opportunity you will receive a separate email notification. In the interim, complete the steps listed below to ensure you can connect to the system.

A temporary SAP E-Sourcing application password has been generated for you. After you Logon using the new temporary password, you will be prompted to change your password.

Hate to burst your bubble we all got this email. Most of us got it last year or even two years ago and then they put the "new" people on a blast email and every 3 months or so they would brush us all off for antoher 3 months.

I would recommend you sign up with all their oursourcers instead you will have a better chance of getting on. Fannie will bypass a local agent and give listings to an agent 60 miles away just like Freddie and use the old we "reward" our loyal brokers as an excuese for this practice. I have been to at least a dozen REO conferences over the last 3 years where they stand up and lie bold faced and say they NEVER give out listings over 10 miles from the subject. Wonder why they are loosing money and Congress wants to shut the doors?

Good Luck....CJ

Replies

- - Doug Grantham > Jill Grieco April 27, 2011 at 3:28am
    
    I got accepted the first time but not getting my hopes up thats for sure.
    - Lisa Farmer > Doug Grantham May 3, 2011 at 9:20pm
      
      How long did it take?
- Arnold Ver > Walt Turner April 22, 2011 at 11:30am
  
  Walt, where are you located?
  - Walt Turner > Arnold Ver April 22, 2011 at 11:38am
    
    Bedford, Franklin, Roanoke Counties and Smith Mountain Lake, Virginia...Everyone on this forum should visit Smith Mountain Lake.
    - Anita Crum > Walt Turner April 22, 2011 at 1:17pm
      
      Been to Smith Mountain Lake. Very nice. :)
- Josephine Sharma > Walt Turner April 22, 2011 at 11:18am
  
  Congrats!!! Way to go! I am still waiting for their response.
Michael A. Jones April 22, 2011 at 10:39am

I got the same e-mail even after I recieved an earlier e-mail telling me I was nor approved this time around.
Kent Steffes April 22, 2011 at 9:11am

FNMA sends an actual email invitation for "on boarding". Email come from Business Review - Broker Notification On Boarding with complete vendor package attached when approved.

Kent Steffes
C J Johnson, Broker/SFR/CRS/ABR April 22, 2011 at 5:56am

Hate to burst your bubble we all got this email. Most of us got it last year or even two years ago and then they put the "new" people on a blast email and every 3 months or so they would brush us all off for antoher 3 months.

I would recommend you sign up with all their oursourcers instead you will have a better chance of getting on. Fannie will bypass a local agent and give listings to an agent 60 miles away just like Freddie and use the old we "reward" our loyal brokers as an excuese for this practice. I have been to at least a dozen REO conferences over the last 3 years where they stand up and lie bold faced and say they NEVER give out listings over 10 miles from the subject. Wonder why they are loosing money and Congress wants to shut the doors?

Good Luck....CJ

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