I get this question all the time and the answer is simple. Go to http://www.fanniemae.com/loanlookup/ and type in your address, city, state, etc. Just click the above address to view the site.
Why do you want to know if Fannie Mae owns your loan and can this tool be used for your clients?
The reason you may want to know if Fannie Mae owns your mortgage is because this information is helpful in regards to refinancing your home. Especially if the balance is high and you are trying to refinance using their Home Affordable Refinance Program for people with high loan to value ratios.
Now, the benefit to your client for one the same as above but also it can help you in understanding that when you are dealing with a servicing company for a Short Sale etc. this tool allows you to take a sneak peak at who the real owner/invester is of that mortgage.
Knowing who you are dealing with helps a lot with the attack plan that you have as an agent. Example would be that Litton, Bank of America, Wells Fargo etc would all be treated differently by the agent and the strategy for success would be different.
If you are asking the question can you do this with Freddie Mac the answer is YES! Click here to access their loan look up tool.
https://ww3.freddiemac.com/corporate/
To find out more about details regarding this blog feel free to email me or call me anytime.
Don't forget to visit my website at www.TheLoanDoc.com to use many of my free tools.
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