Short Sale Software

It’s finally here!  For months now we have been working to have a software program designed for our use to process and negotiate short sales that also tracks, records, saves and streamlines all of the processes that go with it. 

We looked at several other “short sale software” programs.  There are a handful that are actually not too bad particularly for the price and for the person who is trying to manage their own sales and purchases of short sale properties and/or REO properties.  None of these applications however really do much other than attempt to make sure that you have the right documents and a somewhat organized format when you submit your request to the lender.

We needed something more.  The Borrowers Advocate, LLC is growing rapidly.  Honestly though I am thrilled and proud of our growth, I did not anticipate growing as much as we have so quickly.  If you are a realtor, banker or other professional that is acquainted with The Short Sale Process or with Loan Modifications you have an idea how many pages just one package can contain.  On average our Short Sale Packages have been running between 85 and 110 pages per request.  Now multiply that by as many as 75 separate packages and that is what we are dealing with. 

None of the Short Sale or Foreclosure software packages on the market could accurately manage and streamline what we are trying to accomplish.  The number one complaint of most Realtors and others involved in the Short Sale process is the time that it takes to get an approval from the bank.  The reason we are successful is because in most cases we are getting the answers more quickly than the next guy.  Why?  Because we are submitting exactly what the banks want and we speak their language.  We know exactly how to put togeher a great package that not only gets looked at sooner but also leads the lender to the right decision. 

We did have a problem though.  With our growth came the realization that our method of sumission and follow up is too labor intensive to handle more than about 35 files at once.  I needed a solution that would make the process easier for our existing processors and minimize the need for additional hires. 

So I called a friend of a friend who writes software for major corporations.  His primary focus is data bases and I explained what we were looking for.  A few weeks later he came to our headquarters and spen several hours with me.  He watched and learned all the things we do.  I explained details and told him of my ‘vision’ for the product we needed to help us run more efficiently. 

I needed ONE program which would manage each property, each realtor, each lender, property seller, purchaser, foreclosure attorney, etc…  I needed that same program to be able to take all or any piece of each component and merge it in to one file in the order requested regardless of the order received.  I needed it to tell me when something was missing and also alert me when a file was complete and ready to submit.  I needed to be able to send and receive emails directly from this program and easily track progress of a file from start to finish.  I needed it to be so efficient that anyone could open a file and know exactly what was happening with it.  Any person could open it and see whether it was complete and submitted and in process or still waiting for docs.  They would be able to easily access any previous notes or actions in the file and pick up immediatelyt where someone else left off. I could see the entire thing in my head but had no idea if it could really be done or not.

Well…I am proud to say it IS done!  We now have what I am certain is the absolute most advanced and most user friendly software in the industry for processing and negotiating Short Sales, Loan Modifications and REOs.  Soon I will have a demo or at least some screen shots to show everyone.  In the meantime, if you would like to hear more about it or if you need assistance processing and negotiating a short sale of your own, visit our website http://www.theborrowersadvocate.org or contact me tmorganti@theborrowersadvocate.org

Talk to you soon

Todd