Fannie Mae now accepting HomePath offers online only

As of February 2, 2012, all offers made on Fannie Mae HomePath homes must be submitted using the HomePath Online Offers Program. Agents and brokers representing buyers are now required to submit offers exclusively on HomePath.com. The HomePath Online Offers Program is designed to ease use and create transparency during the offer submission process with the following features:

  • An easy-to-use, self-service offer submission system that can be assessed through HomePath.com
  • A transparent offer process that keeps selling agents informed of the status of their clients’ offers on HomePath properties listed on HomePath.com
  • Improved communication between the selling agent and the listing agent regarding offers on HomePath properties listed on HomePath.com

The goal is that the online, automated system will help move inventory quicker, thus contributing to recovery of the housing market.

h/t DSnews.com