Washington Report

Advocacy Updates from Washington D.C.

Fannie Mae Updates Online Offers System, Offer Process

In response to requests from listing brokers and the real estate professional community, Fannie Mae has made several enhancements to its REO offer process to make it easier to do business with them. These latest enhancements will allow:

  • Buyer's agents to complete the required HomePath offer documentation online. When placing offers, many real estate professionals use online forms libraries, available through their MLS or association, to access forms such as the state or local sales contract. Fannie Mae is working with these forms libraries to include our offer documents, such as the Fannie Mae Real Estate Purchase Addendum and the Owner-Occupant Certification. Look for Fannie Mae offer forms in the Instanet form library this month. More vendors will be coming soon.
  • Buyer's agents and their buyers sign offer documents using a digital or electronic signatures. (Note that Fannie Mae will continue to require handwritten signatures on closing documents.)