The New RESPA Rules & You
Ah, RESPA. How we love you. Let us count the ways.
First of all, we love our new good faith estimates—narrowed down to within a penny (or 10% of a penny) of our lives. There’s nothing we love more than adding up Fed Ex charges, copy rates, and filing fees. Think we’re kidding? We’re dead serious!
Second, we love how long and convoluted our HUD Settlement Statement have become. Usually, we just hug ourselves in delight. Occasionally, we look at each other and say, “Oh U.S. HUD, is this really the best you can do? Bring it on!! We can handle it!” And we beat our chests with glee.
In all seriousness, we can take it. That’s because we have Easy Soft’s Easy HUD software. The software automates everything for your HUD 1 closing…and boy do we mean everything. Your HUD forms, your HUD closing statement, your disbursements, checking printing, your trust accounting, even your 1099-S reporting.
The software automatically figures out who gets what and how much, it makes the disbursement, and then—like some brilliant robot from the 22nd century—it reconciles your closing ledger. Right there. On the spot. Have an adjustment? No problem. Fix the number, and run it again.
Easy HUD’s power and ease are why thousands of real estate settlement agents in the U.S. use it—before, and after, the RESPA changes.
Tell a lender, “I use Easy Soft’s Easy HUD software,” and you get instant credits. It gives your lender a comfort level that doesn’t exist if you’ve got a less comprehensive plan—or worse, no plan at all.
If you want to be as excited as we are, then give us a call, get a real person on the line, and find out how you can embrace the new RESPA, too!!