Short Sale Commander Reaches $600 Million Milestone

ELK Software announced last week that users of its ""Short Sale Commander"":http://www.shortsalecommander.com platform have closed more than $600 million in short sales since the system was launched in early 2009.

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""The Commander platform's measure of success is whether we're helping Realtors, agents, and homeowners complete sales in these challenging times,"" said Lee Moraitis a managing partner with the Michigan-based company. ""Getting beyond half a 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.""

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ELK operates its Short Sale Commander software application together with co-branded offerings with national real estate industry partners. Through these relationships, Moraitis says more than 22,000 active residential short-sale listings valued at over $3.3 billion are employing Commander tools such as the BPO Builder, Auto-Comp & AVM Pricing, and Bank Package Direct.

ELK Software's short sale application features built-in comparable and automated valuation model (AVM) tools that enable agents to price 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,"" commented Gayle Henderson, of RE/MAX Excalibur in Scottsdale, Arizona and a user of Short Sale Commander.

Moraitis added, ""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.""