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ELK Upgrades Short Sale Technology

Livonia, Michigan-based ELK Software LLC, a short sale and loan modification software and services provider for the industry, has released version 1.5 of its Web-based ""Short Sale Commander"":http://www.shortsalecommander.com technology. Among the system's enhancements are upgrades that simplify data entry and allow users to run a completely paperless short sale business. The company says that the new Short Sale Commander makes it faster and easier for Realtors, their assistants, and title professionals to work through short sales together from a single Web-based portal.
Amy Jalili, chief strategy officer for ELK, explained, ""With ever-growing numbers in foreclosures and a slowing real estate market, real estate professionals are looking to short sales as a way to enhance their services to their clients, without becoming distracted by their core expertise. They need to submit quality packages while spending less time double-checking details, manually inputting data, and cross-referencing information with all the parties involved to get the short sale completed with the least amount of hassle.""
Jalili added, ""This new version of Short Sale Commander helps users to manage all contact with all mortgage companies, submit short sale packages faster, and manage and follow up leads more efficiently so they can allocate their time to what they do best.""
Some of the system's additional enhancements include adjustments that make it easier for users to upload and download documents, graphical progress indicators to automatically update a file's advancement, real-time reporting with multiple pipeline templates, multi-level user access for negotiators and assistants, and integrated title company access for Housing and Urban Development (HUD) loans. The new version also features a lender contact database, detailed foreclosure and sales information, listing history, and sale price estimates.
Jalili said, ""We're in a market where every detail counts. By streamlining and automating a lot of those detailed areas in the negotiation cycle, we're not only ensuring greater security and compliance, but also enabling Short Sale Commander users to capture additional time that's usually lost to repetitive, error-prone activities.""

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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