Since its formation in 2009, RPR’s core mission has been to provide access to robust property data, and advanced technology features in order to assist NAR’s 1,000,000+ REALTOR® members in creating new business opportunities, and to increase their efficiency in the housing market, to the ultimate benefit of their consumers.
Today, RPR is proud to announce the formation of a Strategic Alliance Partnership with Fannie Mae, which is focused on increasing efficiencies in the short sale approval process for REALTORS® and their clients. One of the results of this partnership will be an expansion of the existing REO listing information available to REALTORS® in the RPR Application, and the delivery of new, and specialized training options. The increased functionality in RPR, as well as the development of new tools and features, will leverage the power of the RPR Application. The overall strategy is designed to assist in reducing the time for REALTORS® to bring distressed properties to market, as well in a reduction in the time it takes to close the sale of these properties.
In markets where the Multiple Listing Service (MLS) agrees to partner with RPR and Fannie Mae, REALTORS® will have access to information, tools and training to assist in identifying and expediting a Fannie Mae short sale. Fannie Mae and RPR will also be providing REALTORS® with data and training on Fannie Mae’s short sales and recommended list prices. This partnership will also serve to create broad exposure for Fannie Mae training content and REO listings through the RPR site. RPR and Fannie Mae have already begun the process of integrating Fannie Mae’s data content, training, and tools within the RPR Application.
RPR’s Strategic Alliance with Fannie Mae is part of a roadmap designed to continue to expand business resources and opportunities for REALTORS® in the future, as well serve as a model of how the RPR Database can benefit REALTORS® though increased market efficiencies.