NEW FANNIE MAE ONLINE OFFER SYSTEM: How to submit an offer!


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ATTENTIONS AGENTS/BROKERS:

On February 2, agents and brokers representing buyers in all states are required to submit offers exclusively on the web site. Fannie Mae’s HomePath Online® Offers system-which collects offers and manages the submission process on properties listed on HomePath.com- will be available nationwide!

Required Actions
Beginning February 2, Listing Brokers will be required to use HomePath.com to collect and negotiate offers with Selling Agents for all Fannie Mae properties (This has already taken effect in CA).

LISTING AGENTS: Please note that this program does not change the existing requirement for Listing Brokers to enter and manage offers on HomePath properties using their systems of record (i.e. TRAX, AMN, Equator, etc.). Meaning, you still have to sumbit a complete contract package via Equaltor or system of record. The selling agent submit the offer online (homepath.com) then they send you the offer and you submit the offer to your system of record (i.e. TRAX, AMN, Equator, etc.). Don’t forget to update the MLS. Place the following sentence in the Agent Only Remarks in all MLS listings (unless prohibited by MLS): “The seller has directed that all offers on this listing be made using the HomePath Online Offer system at the HomePath website.”

SELLING AGENTS: Be sure to submit your buyers offer on the homepath.com site, then email the complete contract package to the Listing Agent.

REMINDERS: After February 2, only offers submitted to the listing broker/agent through the online offer system should be accepted.

If you have any further questions please feel free to contact your Asset Manager.

More articles: How to Make a Fannie Mae Offer [CLICK HERE]

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