Short Sale Transactions Product Launched by Realis Real Estate Software

Realis Real Estate Software has released Prelude for real estate agents to effectively and efficiently manage multiple short sale properties and transactions.

Prelude will be launched with an integration called Backstage, which allows lenders, vendors and short sale homeowners to have full task management access to the platform.

Other features of the platform include a forms library, auto package generation and borrower access.

The platform is the second system developed by Denver-based Realis, which launched REO Maestro in 2001. Prelude is designed for brokers and realtors who work in the short sale market and will be sold as a separate software platform as well as an extension of REO Maestro.

“The volume levels continue to remain steady and in most cases are increasing as a result of the economy and housing market,” said Lauren Roberts, founder of Realis Real Estate Software, who also has more than 25 years as an REO agent. “But, agents and brokers must continue to be mindful of their profit margins, which are historically slim when specializing in REO and short sale management. Agents and broker must work smart, carefully controlling the growth of their administrative teams, while continuing to exceed the needs of their clients. This makes having a software platform that can streamline their workflow more critical to their bottom line than ever before.”

Roberts said using the Prelude software is easy and simple because it incorporates all the needs of the agent while also being scalable to support any size company. She said her expertise in the field was beneficial when creating this tool.

“Unlike other real estate software, Prelude was not designed by an IT person but by a veteran real estate who understands the business from a tactical rather than technical point of view,” Realis said.

Earlier this year, Realis went through a rebranding strategy by changing its company name from REO Maestro to its current identity. Realis said it decided to follow this business strategy in order to create a better image in the real estate market and to make room for the future expansion of its portfolio of software products.

The software company is currently developing a third product called Overture, with plans to release this to clients by the end of the year.