Industry NewsMLS & Associations

RPR partners with Fannie Mae on short sales

New tools and training designed to help Realtors expedite process

Realtors Property Resource, a subsidiary of the National Association of Realtors, has formed a strategic partnership with mortgage giant Fannie Mae focused on closing short sales more efficiently. 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. RPR is available to all NAR members, though members who belong to multiple listing services that do not feed listing information to RPR have more limited access. "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," Ross said. "Fannie Mae ...