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Sign into your account3 Reasons Fannie Mae's Lockbox Requirement is Good News
June 28 2011
You've probably heard the news. As of July 1, Fannie Mae will be requiring lockboxes for all of their properties. But what does this mean for you as a broker? Well, it's far from catastrophic. Instead of looking at this new requirement as just another logistical headache, you might want to see it as an opportunity for growth. After all, to put it simply, electronic lockboxes are good.
It's important to clarify that Fannie Mae's requirement is also better for real estate professionals and consumers as well. Why? Well, we spoke with Greg Sheldon, National Sales and Marketing Manager of SentriLock (a leading company that provides electronic lockbox solutions for many of our readers) to get a better understanding of the "plusses" for brokers.