Easy Tracking of Pre-Disbursed Fees on the HUD 1 Settlement Sheet

Monitoring all the fees and payments in a real estate transaction doesn’t have to be complicated. When you use title closing software like Easy HUD, you can depend on the software to keep all your payments straight. This includes payments pre-disbursed by the lender, also known as net charges. The…

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Centralized Case Data to Speed Up Closing and HUD 1 Statement Processing

Real estate transactions involve a lot of lot of paperwork and, not surprisingly, computers can help speed up that process. However rather than just giving you a faster way to produce a HUD-1 settlement statement, Easy HUD gives you a better, more intuitive way to enter the case data. Filling…

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By The Numbers: The Ledger Module of Easy HUD Settlement Statement Software

Although it might feel like real estate is nothing more than filling out government forms, there are a few other tasks involved and Easy HUD can help with those. Of course we can help with completing the HUD 1 settlement statement, a big part of a real estate deal, but…

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How to Safeguard Your HUD Software – And Protect Clients from Identity Theft

You store sensitive information about your clients, ranging from Social Security numbers to credit information. You need that information to complete the HUD closing statement but you also need to protect it from unauthorized viewing. Here are a few tips on how to make Easy HUD even more secure against…

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HUD Settlement Statement Software Gives You More Time with Your Family

We talk a lot about how faster closings improve your real estate practice’s profits. However, life is not all about work. There is a much greater awareness today of the need to balance work and home life, but there are also more tools to make our jobs adaptable enough to…

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VA Loan Requirements and the HUD 1 Settlement Statement

Our federal government is so huge that sometimes different branches operate under conflicting rules and the public is caught in the middle. As an example the Department of Veterans Affairs (VA) and the 2010 RESPA Final Rule give different requirements for home loan information. VA Loan Fee Caps VA loan…

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Bad Faith Estimates: How RESPA Software Saves Your Real Estate Firm Money

One of the core changes RESPA made to the home purchase process was the GFE, or Good Faith Estimate, which gives an idea of how much the buyer and seller will have to pay out of pocket. The GFE is only an estimate and the final charges may differ from…

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Best Practices for Managing 1099-S Filings with Title Closing Software

The paperwork associated with real estate closings can be overwhelming if you don’t stay on top of it. You can’t get away with putting off the HUD closing statement since you need that to close the deal, but too many real estate firms procrastinate on 1099-S filling, leaving them in…

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How to Get HUD 1 Settlement Statement Disbursements Right

Easy HUD is a great help with real estate paperwork and can cut your closing time by 70%, but it does more than just fill out forms. Keeping track of all the disbursements that need to be made can be a nightmare, especially if you are handling multiple properties at…

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Don’t Wait Until the Last Minute to File Tax Forms with RESPA Software

The “death and taxes” line is overdone so we’ll just say that you can’t escape IRS filings no matter what your business is. Real estate practices might file the HUD 1 settlement statement right away but put off the important follow-up document, the 1099-S. Use Easy HUD to make 1099-S…

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Real Estate Leads Malpractice Claims – Right Title Closing Software Can Help

The American Bar Association announced that for the first time in the nearly thirty years they have been tracking malpractice statistics, real estate law passed personal injury to top the number of malpractice claims. The source of the claims was most often real estate documents such as the HUD-1 settlement…

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6 Reasons Your Real Estate Office Should Go Paperless

In 1975 the desktop computer was still two years off, nobody but university researchers knew what the internet was, and the concept of document imaging was something out of science fiction. This was the year that an article in Business Week Magazine coined an innovative term: the paperless office. It’s…

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Real Estate Software Education for the Busy Professional

You want to focus on your real estate business and not on paperwork. That’s why you bought HUD settlement statement software, to simplify your practice and allow you to close deals faster. We’ve made every effort to make Easy HUD as intuitive and easy to use as possible, but you…

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Price and Quality: When Is Cheap Too Cheap?

As a professional you’ve probably faced the problem of pricing. If you set your rates too high then you get no business as clients go to your less expensive competitors. If you set it too low then you are laboring for peanuts and cheating yourself out of a reasonable income.…

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Software for Real Estate Investors

With prices in many areas of the country at historical lows and starting to rise, this is an ideal time for people considering the real estate market to take the plunge as an investor. However many people are justifiably concerned about the potential for disaster considering the recent trouble in…

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Data Entry: Why You Need To Get It Right The First Time

To err is human; to really foul things up requires a computer. — Bill Vaughan One of the core features of Easy Soft’s HUD settlement statement software, Easy HUD, is the common data set. You enter information in one place and all documents generated by the program pull data from…

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How To Stay Competitive In The Real Estate Market

Real estate is one of the big “get rich quick” industries right now. People see enormous opportunities in the post-bust environment as the housing market recovers. With so much competition you need every advantage to stay at the front of the pack, regardless of whether you are a veteran agent…

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Is Your Real Estate Practice Unintentionally Mismanaging Client Funds?

When real estate agents receive funds to be distributed to other parties, they put these funds into a trust account. Unfortunately what often happens is the agents don’t appreciate the difficulty of managing funds from multiple clients comingled in the same account and get themselves into trouble. Without a good…

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Should You Use HUD Forms For Non-RESPA Transactions?

Nobody likes extra paperwork so many of us look for ways to avoid filling out documents. The HUD-1 settlement statement must be used for almost all property purchases that involve a mortgage. There are cases where you can skip the paperwork–but should you? For example, the HUD-1A is an optional…

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Are You Ready To Refinance?

Mortgage rates are plummeting. Just this week Freddie Mac reported the 15-year fixed rate hit a record low of 2.61% and the 30-year fixed rate is at 3.4%, less than 0.1% above its record low. Homeowners are rushing to refinance to take advantage of these low rates and real estate…

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HUD Software For Real Estate Attorneys

We often talk about how Easy HUD makes it easy for real estate agents to speed up closing times by up to 70%, as well as ensuring calculations are performed correctly. However Easy HUD isn’t just for agents. It’s the ideal real estate closing software for attorneys as well. Real…

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Are You Ready For The Surge In Home Sales?

Spring is traditionally when home sales volumes trend upward and recent numbers indicate 2013 might be the best year in quite some time as the country slowly lumbers out of its real estate slump. If you aren’t prepared to handle more business then you are throwing money out the door…

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8 Benefits of Electronic 1099-S Filing

It’s no secret that real estate sales involve a lot of paperwork. After completing the HUD-1 settlement statement agents still need to file 1099-S form with the IRS. Although you can send in paper forms the IRS is encouraging filers to submit the documents electronically. There are several reasons why…

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Software For Real Estate Clients

Our focus at Easy Soft is software to help real estate agents and attorneys automate and simplify their practices so they can serve their clients better. However we’re going to do something shocking–refer you to someone else’s products! Recently, as part of National Consumer Protection Week, HUD released two mobile…

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Help With RESPA Compliance

Real estate agents and attorneys have to be familiar with RESPA, the Real Estate Settlement Procedures Act. This is the law that governs what information must be provided during a real estate transaction and professionals ignore this law at their own peril. RESPA software like Easy HUD gives you a…

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Information Access Improves Your Real Estate Practice

Real estate transactions bring together information from diverse sources: the buyer, the seller, inspectors, tax agencies and more. Compiling all of this information onto the HUD 1 settlement sheet and other documents used to take hours but the modern, automated real estate office or real estate law practice doesn’t have…

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Easy HUD: Not Just For Government Forms

Easy HUD automates real estate practices to allow agents and other professionals to focus on sales rather than paperwork. Although you may think the software is meant to only simplify the process of completing the HUD settlement statement form, the optional Real Estate Documents module lets you also produce hundreds…

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Mismanaged Trust Accounts Can Sink Your Real Estate Business

People new to the real estate industry are often surprised to discover that the sale or purchase of property is only one small part of the overall job. There is a tremendous amount of administrative support required for each transaction, none as important as trust fund accounting. When you receive…

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Number Crunching For The Math-Phobic Real Estate Pro

Most people don’t go into real estate because they love filling out government forms and adding up long columns of figures. However it’s important not just to complete the HUD settlement statement form but to understand it. When you fully comprehend the figures before you, you can get the best…

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Printing Settlement Forms From The Cloud

Cloud is the hot buzzword for computer software lately. Cloud-based software gives users more flexibility by not tying them to specific computers, operating systems or locations. The cloud version of Easy HUD, Easy Soft’s HUD settlement statement software, allows real estate agents and attorneys to access a client’s information and…

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Understanding The HUD-1 Form, Part 2

In our first entry in this series we look at the header, sections A through I. Now let’s move on to sections J and K on the HUD settlement statement form, which break down the borrower’s and seller’s transactions respectively. We are going to talk about these sections together because…

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Less Is More–But Sometimes More Is More Too

Government forms are designed to accommodate the most common situations and serve the needs of the greatest number of applicants but sometimes they fall short. Real estate professionals may find that the basic HUD forms don’t always cover more complicated transactions. RESPA rules address this issue by allowing filers to…

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The Most Important Tool For New Real Estate Agents

Real estate can be a lucrative career. It is a particularly attractive pursuit for people trying to balance career and family since the job typically allows more flexibility than a traditional job. However as new agents quickly discover, real estate transactions are a bit more complicated than buying a cup…

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Don’t Let Paperwork Jeopardize Your Short Sale

The real estate market seems to be improving nationwide but short sales are still a common transaction seen by agents. Job loss, illness and divorce may prevent a homeowner from being able to keep up mortgage payments and a short sale is a preferable alternative to a foreclosure. Short sales…

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Real Estate Transactions: Don’t Work Without A Net (Mortgage)

Real estate transactions are not simply money going from the buyer to the seller. A host of payments must be made to other parties including government agencies, insurance companies, home inspectors…oh and you too. You need to not only keep track of all these charges that come off the HUD…

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