Short Sale Commander Reaches $600 Million!
Short Sale CommanderTM Reaches $600 Million Milestone in Closed Short-Sale Transactions Since ‘09 Launch
Livonia, Michigan – June 24, 2010: ELK Software’s industry leading short-sale software “Short-Sale Commander” has announced that their users have closed more than $600,000,000 in short sales with the software since its 2009 launch.
“The Commander platform’s measure of success is whether we’re helping Realtors, agents and homeowners complete sales in these challenging times”, says Lee Moraitis with ELK Software. “Getting beyond ½ billion dollars in closings and generating more than $38 million in agent commissions plus helping lenders with loss mitigation and homeowners with foreclosure alternatives speaks for itself.”
ELK operates its “Short-Sale Commander” software application together with co-branded offerings with national real estate industry partners. “With more than 22,000 active residential short-sale listings valued at over $3.3 billion each using Commander tools such as our BPO Builder©, Auto-Comp & AVM Pricing©, and Bank Package Direct© our success will continue to build.” adds Moraitis,”The necessity of working with short-sales in today’s market has created opportunities for technology to assist Realtors and Lenders improve profits and reduce losses. Our agent users are making money by closing more transactions in less time. Banks appreciate the professional, standard packages submitted through the Commander platforms.”
Unlike other short-sale assistance applications, the Commander platforms feature built-in Comp & AVM tools enabling agents to price their distressed listings with a single-click. “My files instantly have the latest valuation reports allowing our agents to be on the same page and our homes to close quicker. Our homeowner clients and Buyer’s agents see The Henderson Group as a leader with this technology”, offers Gayle Henderson, RE/MAX Excalibur, Scottsdale, Arizona
ABOUT ELK SOFTWARE: ELK Software develops and markets innovative technology based applications for the real estate industry. Under ELK’s Commander brand, ELK offers REO, Short-Sale and Default Servicing platforms where Realtors, Agents, Title professionals and Homeowners collaborate for profit in easy-to-use private-label and co-branded marketplaces. ELK’s “Short Sale Commander” users have more than 22,000 active short-sale listings valued at more than $3.3 billion on the platform. More information on Short Sale Commander is available at: http://www.shortsalecommander.com
