CPFSI Welcome to the forum. Sorry your first post has caused me to go into to a rant session. This is what I can tell you.
First: filling out the application on their website and having all the requirements will get you approved to be in the system and you will get a Fannie Mae Vendor Number this means you are approved to do work for Fannie Mae but only if they contact you. It does not mean you are approved to be used by an FSM or realtor to do Fannie work as a SAMS Vendor. I know because this is the stage we are in, so it really doesn't mean ****
Second: the reason you probably will not get a SAMS vendor to comment here (and I will tell you there are several who are on the forum, one even sells a property preservation book) is because they don't want the competition. They have a nitch; as FSM's and realtors do not have to get bids for much of the work, if they use an approved SAMS vendor.
Third: In our case there are five approved SAMS Vendors for our state (Yep just five and one is not even located in our state). We are working with a REO Asset Manger for Fannie, he has provided us with the list of approved SAMS vendor for our state. He continues to tell us he has steady work in three of our counties we service and that he is simply waiting for us to get our SAMS number. At a recent meeting (last week) he has been told that he must use an approved SAMS vendor for the Fannie work. Here is what really make me angry he has told us that the approved SAMS vendors do not want to travel to our area as the distance is to far for the work that needs done. Yet here we set.
Fourth: as you investigate you will find that this is one of the best kept secrets. We have made call after call to Fannie Mae, just when it sounds like we open a door another one shuts, it's frustrating. We have even contacted our state representatives, both have jumped in and are trying to help but even they have not had any luck as of yet.
So in a nut shell Good Luck. I hope you will get lucky once you submit your application in that Fannie will contact you. If you find the secret entrance door please let me know.
I am sure this will get some response. How about one of you SAMS vendors proving me wrong