Fannie REO disposal will take advantage of XSites Network
Written by Nathan Thomas on March 29, 2005
Fannie Mae funds and guarantees mortgages. If a servicer of a mortgage Fannie has guaranteed has a foreclosure dropped in its lap, Fannie Mae will do most of the legwork when it comes to reselling the property. Now, it will use the XSites Network, and its appraisers will use Appraiser XSites Order Manager, to more quickly and efficiently obtain valuations on repossessed, or Real Estate Owned (REO), properties. Read more...