Freddie Mac Launches Training Program To Bolster REO Sales

Posted by Patrick Barnard on November 19, 2013 No Comments
Categories : Residential Mortgage

In an effort to help liquidate the real estate owned (REO) properties held in its portfolio, government-sponsored enterprise Freddie Mac has launched a new program to train real estate agents to more effectively sell REO homes through its HomeSteps real estate sales unit.

According to Chris Bowden, senior vice president, HomeSteps, the new Certified Community Stabilization Expert (CCSE) program, developed by San Diego-based Community Asset Solutions (CAS), ‘distills the REO sales and community preservation lessons of the past four years to give HomeSteps brokers a practical guide for boosting REO sales and stabilizing communities.

‘CCSE shows how Freddie Mac can help foster new homeownership opportunities and manage its inventory of REO homes responsibly,’ he adds.

The online training program offers the latest methods for selling REO homes, stabilizing property values and revitalizing communities hit hard by the foreclosure crisis, according to the release.

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