CFPB Likely To Delay Implementation Of TRID, Pushing Date Back To October

Settlement agents, banks, and lenders who have been hoping for more time to prepare for implementation of the Truth in Lending Act and Real Estate Settlement Procedures Act (TILA-RESPA) are likely breathing a little easier right now. In mid-June, the Consumer Finance Protection Bureau (CFPB) proposed an amendment to the Act, at the request of lawmakers, which will push the implementation date back from August 1, 2015 to October 3, 2015.

If passed, the change will give settlement agents and real estate attorneys two additional months to get their systems and procedures in place before they must comply with the new rules.

Extra Time to Prepare and Test Systems

Referred to as the “Know Before You Owe” mortgage disclosure rule, the reasoning behind the date extension relates to an administrative error that was just discovered. That error would have delayed the effective date of the rule by two weeks anyway. In a concession to concerned banks, lenders, credit unions, and settlement agents, the CFPB decided to push the implementation date back to October 3 giving them more time to prepare for the changes.

October 3 is a Saturday, which may seem to be an odd day for implementation, but the date was picked specifically because it was a weekend. The thought is a weekend start date will provide a smoother transition to the new rule than would a mid-week start date, by providing extra time to launch and test new systems.

EasySoft is Ready, Are You?

While delayed implementation will no doubt make many lenders and agents happy, it will have no impact on Easy Soft’s plans for the release of our TRID-compliant real estate closing software, EasyCDF. EasyCDF is ready to go and IS available for purchase in both desktop and cloud versions. Now, instead of having just one month to get used to the software, attorneys will have 3 months before they need to use the new forms and capabilities that EasyCDF provides.

Our 100% TRID-compliant software promises to streamline the closing process and make it easier for real estate attorneys to manage closings in-house without worrying about compliance requirements. We have designed the software to be practically error-proof and in complete compliance with all of the planned TRID requirements. The software was designed specifically for real estate settlement attorneys who do not manage closings often or don’t have a large staff capable of handling the closings in-house. Instead of outsourcing this work, attorneys can keep it in-house, adding a new service to their capabilities, and ensuring their clients receive the level of service they expect from the firm.

Easy Soft will be following the amendment and any additional changes closely, just as we have been following TRID requirements all along. If any more changes occur, we’ll be sure to let you know.

To learn more about Easy Soft and EasyCDF visit or call us at 1-800-905-7638 to arrange a 30-day risk-free trial.

Posted by Amy Prokop on in HUD Software | Comments Off

EasySoft, SoftPro, or RamQuest: Which One Do You Need In Your Office?

There is no shortage of real estate closing software systems on the market today. Real estate attorneys and settlement agents have their choice of systems and solutions that make the closing process easier, streamline procedures, and maintain compliance. But not all software systems are created equal and not all systems are suitable for all needs. The key to purchasing a system that does what you need it to is to carefully evaluate its functions and capabilities and ensure they match with your own needs and capabilities.

In this post we’re going to take a look at SoftPro and RamQuest, two of the bigger names in real estate closing industry, and see how they compare to Easy Soft.


There’s no question SoftPro provides products and solutions that make the real estate closing process easier. The company is a leader in the industry for good reason with a robust suite of products that provide top-notch services. But, SoftPro caters mostly to the closing and title industry. That means that even though their products are high-quality, easy-to-use, and comprehensive, they are designed for businesses and individuals that handle closings every single day.

Businesses that handle closings with this frequency need more add-ons and capabilities than real estate attorneys who handle fewer closings per year. SoftPro has a lengthy list of modules, each of which must be purchased individually. While this provides users with great customization options, it also makes the entire real estate closing system more expensive.


RamQuest is another highly customizable closing solution, again created mostly for title and settlement agents and companies. The software is extremely thorough and comprehensive, but again, the price is in the upper range. RamQuest advertises its products as “unique”, “not cookie-cutter”, and has an entire page of their website and a white paper devoted to implementation of their software. That spells complicated, custom-built, expensive, and challenging to implement – absolutely everything a small real estate closing legal firm does not need in a software system.


EasySoft caters absolutely to small and solo practitioner real estate law firms and we’ve been doing that for over 30 years. Our products are designed with attorneys in mind. Attorneys who have other business to attend to. Attorneys who simply want to be able to offer their clients closing services and keep that business in-house. Attorneys who do not need complicated, pricy solutions for services they provide infrequently. There’s no guesswork or piecemeal add-ons to get a complete real estate closing system through Easy Soft and you won’t need any technical know-how to get it set-up and running.

EasyCDF, Easy HUD, and our Real Estate Documents and Amortization software, packed in a suite, are the only solutions you need to evaluate at Easy Soft. Everything a real estate settlement attorney needs to manage closings in-house is include in Easy Soft software. Even better, the software is affordably priced for an attorney who does not make closings his or her full-time profession. The systems are so easy-to-use, we’ve made them available via the cloud or in desktop versions there’s no “implementation” team needed.

Choosing a Real Estate Closing System

A software system should make your job easier, not harder. It should be within reach of your budget and technical capabilities and it should open the door to better business practices. If the solution you’re evaluating doesn’t meet these criteria, move on to the next one. Don’t stop until you find a solution that does everything you need it to – no more and no less.

While it is easy to be swayed by bells and whistles, if you never use them, you’ve overpaid. That’s a cost many small and solo legal offices can’t afford. They are adding settlements and real estate closings to their list of services in order to boost profits. It’s a waste of time and money to see those profits go towards the purchase and maintenance of a system that is far beyond your needs.

Easy Soft provides the exact services you need at a price you can afford. To learn more about Easy Soft and our new EasyCDF TRID-compliant software visit or call us at 1-800-905-7638 to arrange a 30-day risk-free trial.

Posted by Amy Prokop on in HUD Software | Comments Off

MISMO Compliance And Real Estate Closings

Understandably, real estate settlement attorneys are wary of the new TRID compliance rules that require the electronic submission of data. Hackers are becoming ever more sophisticated and are targeting more people and data than ever before. Given the types and amount of private and financial data contained in real estate closing documents, the possibility of hackers stealing that data while in transit from the settlement agent to the lender has some attorneys very reluctant to submit data electronically. As full TRID implementation gets closer, what is a settlement agent to do? How can they ensure the data they submit will meet lender standards, comply with TRID, and remain safe while in transit?

The answer is MISMO.

What Is MISMO?

MISMO stands for Mortgage Industry Standards Maintenance Organization. The organization is the leading technology standards development body for residential and commercial real estate finance. MISMO is a subsidiary of the Mortgage Bankers Association. The organization creates, promotes, and maintains voluntary electronic commerce procedures and standards for the real estate industry. These standards allow mortgage lenders, investors, servicers, vendors, borrowers, and others to exchange real estate finance-related information and eMortgages efficiently and economically and with more confidence in the security of the data, even if they are using different systems.

MISMO compliance helps save time, reduce costs, improve accuracy, and increase data transparency without sacrificing data security. MISMO standards ensure data consistency throughout a transaction, boosting transparency along with consumer and investor confidence in the process.

MISMO allows free access to its standards, which makes it possible for settlement agents and software vendors alike to integrate the standards into their business. These best practices support smoother, faster, more accurate, and more secure closings.

MISMO is so far-reaching that its standards are routinely accepted in the real estate finance industry, most major lending institutions, and government agencies, including the CFPB, for their own electronic exchange of data.

MISMO And Real Estate Closing Software Systems

What does this have to do with real estate closing software? Plenty. As settlement agents come to rely on software to facilitate and manage the closing process, they need to be more aware of the security risks electronic data submission creates. One way to do this is to make sure their software vendors are designing systems that are in compliance with MISMO standards and recommendations.

To aid in this process, MISMO has a certification program that is used to evaluate software for compliance with MISMO standards, which includes new TRID standards. MISMO certification means a vendor has been vetted by the organization and found to be in compliance with their current standards. This means, the software is capable of producing and consuming MISMO-based files and transmitting them securely. The software will “talk” to other MISMO-compliant systems and provide strong data security measures at the same time.

Compliant products will bear the “MISMO Compliant” or “Certified MISMO Compliant” certification mark, which will help settlement agents and lenders evaluate software systems. This certification process is still relatively new so not all vendors have been certified yet. Until that time, agents can evaluate software on their own by asking the following questions:

  • Does the software product produce and consume data files according to MISMO industry standards?
  • Which version(s) of the MISMO standards can the software product receive/produce?
  • Is the product MISMO Certified and is the certification current?


Easy Soft’s new TRID-compliant software, EasyCDF has launched June 1, 2015. Already compliant with all of the major TRID requirements, the software will soon available a MISMO-compliant import-export data function. This feature will be in place well before the August 1 TRID implementation date at which time EasyCDF will be able to help you meet your TILA-RESPA compliance obligations automatically and securely.

To learn more about Easy Soft and EasyCDF visit or call us at 1-800-905-7638 to arrange a 30-day risk-free trial.

Posted by Amy Prokop on in HUD Software | Comments Off

Visit Easy Soft At The 2015 National Settlement Services Summit To Get Answers To Your TRID Software Questions

Easy Soft will be exhibiting and sponsoring at the 2015 National Settlement Services Summit (NS3) in Atlanta, Georgia, June 8-10, 2015. The event will be held at the Renaissance Atlanta Waverly Hotel. The National Settlement Services Summit is one of the biggest events in the title insurance, underwriting, lending and settlement services industry. This annual conference offers networking and learning on a broad scale. Expert speakers, industry veterans, panel discussions, breakout sessions, individual networking opportunities, and of course, an exhibition hall full of the latest programs, tools, and services that settlement agents need.

TRID Makes Heavy Appearance

This year’s conference is “Building for the Future” and is, not surprisingly, heavily focused on TRID and the CFPB real estate closing changes. Attendees will learn all about TRID and the new closing requirements from the opening forum right on through to many of the concurrent sessions. Topics range from understanding the new regulations and areas of responsibility to navigating the new transactions, developing best practices, and understanding regulatory risks.

There will also be a strong focus on the potential relationship changes between lenders and their vendors, including title companies and settlement agents.

Technology Takes Center Stage

Expect to see a lot of software providers sharing their products and giving demos at NS3. Easy Soft will be there to demonstrate our new Easy CDF real estate closing system, which is available and ready for download or purchase.

On June 8, the summit opens with a TRID Technology Preview. Event attendees will get to see some of the loan documentation forms and settlement systems that have been adapted for TRID.

For up close and personal examinations of these systems and for in-depth Q&A as it applies to a particular business, the Exhibition Hall is the place to go. Vendors will be on hand with the latest products designed to improve the real estate closing process. Easy Soft will be in the Exhibition Hall at Booth 12 with EasyCDF on display and ready for inspection by end user settlement agents.

Easy Soft and EasyCDF Are Ready….Are You?

Expect to hear a lot of grumbling about the TRID changes at the summit. Many providers have put off the inevitable and are just now realizing this is really happening and they need to finalize (or develop) their implementation plan.

Easy Soft is ready. We’ve already updated our Easy HUD closing software to the new, 100% TRID-compliant EasyCDF, giving users a full month to get used to the program before the TRID changes take effect.

If you have any concerns about TRID, want to see the software in action, or are a current Easy Soft subscriber and want to know how you can switch over to EasyCDF (guess what? We’ve made it super EASY), visit us in Booth 12 during the summit. We guarantee that you’ll love our all-in-one real estate closing software.

Learn more about Easy Soft and EasyCDF at or call us at 1-800-905-7638 to arrange a 30 day risk-free trial.

Posted by Amy Prokop on in HUD Software | Comments Off

Retain Clients, Solidify Client Trust, And Meet TRID Compliance Requirements

There is no doubt that the soon-to-be-implemented TILA-RESPA or TRID changes to real estate closing documentation procedures are causing concern throughout the real estate industry. On the face of it the new federal requirements are a good thing. They streamline the closing documentation requirements, eliminate duplicate forms and information, and in general make it easier for consumers to understand their obligations and total costs when obtaining a home loan.

It’s the professionals who make the closings happen who are struggling to accept the changes. Realtors want to know what it means for them and their clients. Lenders want to make sure all forms are filled in properly and are 100% compliant. Settlement agents and real estate closing attorneys want to understand exactly how the forms are changing and how to manage closings when August 1, 2015 arrives.

Are You Outsourcing Client Trust?

If you’re still managing closings with paper and PDF files, then yes, the changes are going to be a struggle. If you’re still outsourcing your closing work because you simply don’t have the manpower or don’t understand the requirements, then you’re losing money. Worse than that, you may be losing client trust.

As an attorney, your clients look to you for guidance and trust you with their most important life decisions. Outsourcing their home closing is a surefire way to make them question your dedication to their needs and even your expertise, especially if the agent you’ve referred them to drops the ball and doesn’t treat their case with the care and attention it deserves.

That doesn’t need to be the case. You can handle closings in-house. You can streamline the process. You can meet the new federal requirements even if you’ve never managed a closing before. You can work with your clients from start to finish. You can keep the fees you’re losing out on when you outsource to a title company. You can do it all with Easy Soft’s new TRID software, EasyCDF.

Bring Closings In-House With EasyCDF

Anytime you outsource work, you run the risk of sacrificing quality of work and quality of care for the customer. For professionals who rely on their reputation for business, like real estate attorneys, this can have devastating repercussions as clients begin to take their business elsewhere, to someone who will care about them.

That doesn’t have to be you. EasyCDF is a real estate closing software system that makes it easy to manage the closing process in-house, even if you have zero experience managing closings up until now. In fact, that lack of experience may work in your favor now that the TRID changes are going into effect. You can jump right in with the new requirements and avoid the confusion of switching over from the old way of doing things to the new.

EasyCDF is simply the easiest way to manage real estate closings. This all-in-one real estate closing system allows solo practitioners and small law firms to quickly and easily complete complex work for their clients. A simple, easy-to-follow format prompts you to enter the required data and automatically fills in content and calculations as more data becomes available. The software is already programmed to comply with the latest documentation requirements, print checks, create ledgers, generate HUD statements, and file 1099-S forms.

It really is as easy and filling in the blanks.

If you are tired of sending your real estate business to a title agency and are ready to expand your services to including closings, contact Easy Soft at 1-800-905-7638. Try our software risk-free for 30 days. By the time August 1 rolls around, you’ll be a pro and will wonder why you ever outsourced your closing work.

Posted by Amy Prokop on in HUD Software | Comments Off

Keep Closing Fees In Your Firm With EasyCDF

Real estate attorneys and settlement agents are skilled at reviewing contracts and making sure all the paperwork is in order for every one of their clients’ transactions, but what about facilitating the actual closing? Is your firm farming this out to separate settlement agents? If so, you are losing out on income that could be paid directly to your firm.

Outsourced Closings = Lost Opportunity Costs

Assuming attorneys make $450 per closing, we can also assume that settlement agents charge roughly the same amount – otherwise, there wouldn’t be much of a competition for business, would there? Every time you refer a closing to a title agency, that’s $450 that you never see. Why not bring that money to your firm by adding settlement services to your repertoire?

Sometimes it may not be possible for you to represent a buyer or seller AND act as settlement agent due to the need for the settlement agent to be impartial. However, there’s no reason you can’t act as a settlement agent for closings where you are not representing the buyer or seller.

You’re already familiar with the steps in a closing and the paperwork requirements. Managing closings yourself is a logical next step.

EasyCDF Makes It Possible To Manage Closings In House

Some attorneys are leery of handling real estate closing transactions because of the escrow requirements and compliance with federal regulations – or more specifically, the fines and penalties for NOT complying with federal rules and regulations.

EasyCDF can eliminate both of these worries and provide an automated, streamlined, easy closing process even if you’ve never handled closings before. Our EasyCDF software is the new and improved version of Easy Soft’s popular EasyHUD real estate closing software. The software is capable of managing the entire closing process for you from start to finish. Just follow the prompts and you have a total real estate closing system. It’s compliant with the upcoming 2015 TILA-RESPA changes (TRID).

EasyCDF is:

  • 100% TRID Compliant
  • Automatically populates GFE-HUD Comparison Sheets
  • Displays Charges as a Lump Sum or Itemized
  • Provides over 200 of the different real estate closing forms needed
  • Prepares Automated and Balanced Disbursement Ledgers
  • Prints Checks
  • Files 1099-S forms electronically
  • Automatically calculates fees, payments, and balances

Save Money, Make Money With EasyCDF

By now you are probably thinking, “Ok. Sounds great. What’s the catch? How much is this going to cost me?” Happily, we can tell you that you will recoup your EasyCDF investment costs after just one or two closings performed in-house. Currently we are offering EasyCDF for just $39/month per user billed annually.

The $39/month price is part of our pre-TRID implementation special pricing. After July 1, 2015 that price is going to go up, so contact Easy Soft today by calling 1-800-905-7638 to lock in at this low rate and get started with EasyCDF.

Still not sure if EasyCDF is right for you? Ask about our 30-day free trial. You’ll be able to explore the software thoroughly with absolutely no-risk. We guarantee you will be pleased with how easy it is to navigate and work through a real estate closing using EasyCDF.

Posted by Amy Prokop on in HUD Software | Comments Off