Using application or software for loan mods/short sales?

Using application or software for loan mods/short sales?

Real Estate Consultant · Irvine, CA · Member since 2009 · 102 posts · 24 votes

Does anyone use applications/software/spreadsheets to qualify clients for solutions? To maximize my time, I'm planning submit my homeowner leads' financial statement info to a program in order to automatically calculate debt/income ratio, LTV etc. to qualify them for a short sale, loan mod, or other solutions. Most software I'm looking at is ridiculously expensive (hundreds to thousands of dollars for a simple prog)

If anyone has any recommendations or would like to send a spreadsheet or two my way, it would be much appreciated :wink:

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  • Real Estate Investor · Minneapolis, MN · Member since 2009 · 6 posts · 0 votes
    16y

    Hazel,

    Have you looked at Open Road by Realeflow?

  • Residential Real Estate Broker · Orange County, CA · Member since 2010 · 41 posts · 3 votes
    16y

    I recently heard about the "Open Road" software program and it appears to have some great automating systems for real estate investments and especially short sales/rehabs.
    Does it work as great as it sounds?

  • Specialist · MA · Member since 2009 · 858 posts · 306 votes
    16y

    Contact Nick Reuter. He's part of the BP community here. He has a very cost effective program for short sales.

  • Wholesaler · Atlanta, GA · Member since 2010 · 8 posts · 1 vote
    16y

    Brandi,

    I use OpenRoad3, and it has been a great back office system! With any system you get in what you put out. It's cost efficient, and easily allows me to manage my deals and leads. There are others including Short Sale Builder, Short Sale Commander, Short Sale Artisan, Short Sale Management.

    -dsf

  • Real Estate Investor · Bradenton, FL · Member since 2009 · 99 posts · 42 votes
    16y

    Thanks for the mention. I just started doing a trial of our software if you would like. I agree with Darrell though - I don't give promises :) You only get out of any solution what you put into it. No matter what anyone tells you, nothing will do the work for you while checks roll in ;)

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