Fannie Pilots ‘Online Offers’ Program For REO Sales

Posted by Orb Staff on November 18, 2010 No Comments
Categories : Mortgage Servicing

Fannie Mae has announced a pilot program to collect and manage real estate purchase offers for Fannie Mae-owned properties in Orlando, Fla.; San Diego; and Wayne County, Mich. Through the pilot, real estate agents submit offers on behalf of their clients online, receive confirmations and track the status of submitted offers.

The HomePath Online Offers feature is now available on for homes in the pilot areas. HomePath is the arm of Fannie Mae that is responsible for disposing of real estate owned (REO) assets.

‘This online pilot is a critical step toward ensuring that all buyers have the same experience making offers and purchasing homes,’ says Jim Tiegen, vice president of Fannie Mae's REO regional offices.

SOURCE: Fannie Mae

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