Prospective Vendors

HomeSteps utilizes the services of third-party vendors in the REO disposition process. The following is a list of the types of vendors HomeSteps may utilize:

  • General Contractors
  • Property Preservation and Maintenance Companies
  • Eviction Attorneys
  • Closing/Title Agents (national or multi-state/regional only)
  • Sales Outsource Companies
  • Training Vendors (REO process training)
  • Auction Companies (online and ballroom)
  • Property Inspection Companies (national or multi-state/regional only; services may include interior and drive-by inspections, repair inspections, etc.)
  • Rental Property Management (national or multi-state/regional only)
  • HOA Management/Tax Services
  • Hazard Outsource Companies
  • Broker Price Opinion/Valuation Companies (national or multi-state/regional only)

HomeSteps must first determine that there is a business need to expand our network of vendors for specific services. HomeSteps utilizes the Request for Proposal (RFP) process to select most vendors. For general contractors only, we utilize an application process.

If you are interested in becoming a HomeSteps vendor, you must complete the Supplier Profile Questionnaire and register as a prospective vendor.

Please note that completing the Supplier Profile Questionnaire does not guarantee that you will be selected to become a HomeSteps vendor. Requests for information do not imply or guarantee that you will be chosen to become a HomeSteps supplier/vendor.

Process and Requirements for Prospective HomeSteps Vendors:

  • Once the need has been determined, HomeSteps uses a structured RFP process for identification, bidding comparison and selection. View our current list of open RFPs.
  • The requirements for each type of vendor will vary according to the services needed by HomeSteps, but generally include:
    • Proof of active license, as required by vendor type and/or state in which your business is located or state in which the property is located, as applicable
    • Proof of insurance coverage in the minimum amount of $1,000,000 General Liability and a minimum of $500,000 Errors and Omissions insurance
    • Proof of financial capability to support ongoing expenses incurred while providing services for the properties (minimum of $5,000 per property)
  • Please be sure to complete the Supplier Profile Questionnaire.

Process and Requirements for Prospective HomeSteps General Contractors:

  • Once a need has been determined, HomeSteps uses an application process for identification and selection. Check our up-to-date list to find out where HomeSteps is sourcing for general contractors.
  • Requirements include, but are not limited to:
    • Proof of active general contractor license, as required by the state in which your business is located or state in which the property is located, as applicable
    • Proof of insurance coverage of a minimum of $1,000,000 General Liability
    • Proof of financial capability to support ongoing expenses while repairing properties (minimum of $5,000 per property)
    • Ability to provide a list of all subcontractors utilized to support the vendor's business on Freddie Mac properties. Additionally, if the subcontractor's trade requires a license, it may be requested as well
    • Proof of EPA lead based paint certification
  • Complete the application and email it to HomeSteps_Vendor_ Prospects@freddiemac.com.
  • Please be sure to complete the Supplier Profile Questionnaire.
  • For more information about the prospective general contractor process, read answers to the most frequently asked questions.

Please note: General Contractors may be required to participate in unit pricing programs.