CEO Update February 2013

RPR Announces Strategic Alliance with Fannie Mae

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.

9 replies
  1. Bridgette Long
    Bridgette Long says:

    As a Realtor with 13 years of experiece, I have been involved with Short sale and REO properties. My job is to help the transaction go as smoothly as possible and negotiate with everyone involved to see that escrow closes ASAP. I live my life and work with the highest level of integrety.

    Reply
  2. Josephine Newkirk
    Josephine Newkirk says:

    I am a realtor for 35 years in all kinds of markets. I have sold properties for corporations and individuals. I am a highly visible realtor in my community. I sell residential properties although I have t sold business property in the past. I have sold and listed short sales and REO properties, and Home Path properties.
    I have a CRS designation given to me by the Council of Residential Specialists an affiliate of the National Association of Realtors.
    I would be very proud to represent your company in selling short sales or REO properties. I also have a SFR designation for short sales.

    Reply
    • Mona Steen
      Mona Steen says:

      Good morning, Ms. Newkirk. Thank you for your blog post, it’s always gratifying when we get responses from the Realtor community that assure us we are on the right path!

      RPR’s partnership with Fannie Mae will mean Realtors like yourself, who work with REO and short sale properties will be able to take advantage of our plans to work with Fannie Mae to streamline the processes currently in place by integrating them into RPR, so you can reach HomePath.com directly from an REO property on RPR, rather than going to several different sites. We won’t be involved in the transaction itself, but only on the technology support side, hopefully making the transaction easier and more efficient for hard working Realtors like you.

      Thanks for your comments. I hope, as we roll out our new features later this year we’ll hear back from you again with feedback on how we’re doing.

      Best regards,
      Mona Steen

      Reply

Trackbacks & Pingbacks

  1. […] The partnership will expand the listing information for REOs (real estate-owned properties) in RPR’s national parcel-based database and offer Realtors new and specialized training options and tools designed to reduce the time it takes to bring distressed properties to market and the time it takes to close the sale of the properties, said Dale Ross, RPR’s CEO, in a blog post. […]

  2. […] The partnership will expand the listing information for REOs (real estate-owned properties) in RPR’s national parcel-based database and offer Realtors new and specialized training options and tools designed to reduce the time it takes to bring distressed properties to market and the time it takes to close the sale of the properties, said Dale Ross, RPR’s CEO, in a blog post. […]

  3. […] Realtors Property Resource (RPR) announced this week that it has formed a Strategic Alliance Partnership with Fannie Mae to focus on making the short […]

  4. […] The partnership will expand the listing information for REOs (real estate-owned properties) in RPR’s national parcel-based database and offer Realtors new and specialized training options and tools designed to reduce the time it takes to bring distressed properties to market and the time it takes to close the sale of the properties, said Dale Ross, RPR’s CEO, in a blog post. […]

  5. […] The partnership will expand the listing information for REOs (real estate-owned properties) in RPR’s national parcel-based database and offer Realtors new and specialized training options and tools designed to reduce the time it takes to bring distressed properties to market and the time it takes to close the sale of the properties, said Dale Ross, RPR’s CEO, in a blog post. […]

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