Dallas, TX, December 15, 2008 – Texas-based HomeTracker, LP today announced its company’s name change to HomeTelosTM, LP, reflective of the Company’s expanded technology offering. The new name is based upon the Greek word “telos” which means goal. With a full suite of services to support the marketing and management of real estate asset portfolios, HomeTelos includes web-based solutions for the real estate industry allowing clients to achieve their goals of selling properties rapidly for excellent returns.
Founded in 2001, the company’s flagship application HomeTracker®, provides an end-to-end asset management solution for managing large real estate owned portfolios. Since its release, over 1.6 million work orders for property management and marketing have been completed; over 1.8 million property inspections ordered and received; and over 210,000 appraisals ordered and managed.
In 2004, the suite of solutions was expanded to include BidSelect®, an online marketplace for real estate that has revolutionized the way real estate transactions are conducted. While Hometracker is the powerful workflow management tool that drives hugely successful asset management operations, BidSelect is the innovative public face for the real estate industry. Since its release, over 550,000 offers have been managed and over 90,000 properties have been listed and sold. With up to 10 million page views monthly and over 250,000 registered users, BidSelect on average facilitates selling properties within 34 days for 96 percent of the list price.
HomeTrackerOne® is a solution for individual real estate professionals and smaller-sized brokerages, launched in 2007. Combining some of the best features from the HomeTracker and BidSelect products, HomeTrackerOne meets the need for end-to-end management and marketing of smaller real estate asset portfolios.
Most recently, a Loan Exit Option Program was launched to provide homeowners with a foreclosure alternative similar to the short sale, but with accelerated turnaround times and a much greater likelihood of success. This program is unique in that it aligns the interests of Homeowners, Lenders, Real Estate Sales Professionals and Investors to enable the sale of homes in concert with the final settlement of a mortgage.
For more information on HomeTelos and its expanding technology offerings, visit www.hometelos.com or call (888) 676-9200.