Stay TILA-RESPA Compliant with EasyCDF
Automatic Tax Calculation Faster Closings Simple 1099-S Filing Fully TRID Compliant
EasyCDF is now available as a part of Real Estate Closing Solutions.
EasyCDF – Fully TRID Compliant Real Estate Closing Software.
On October 3, 2015, the TILA–RESPA Integrated Disclosure (TRID) reporting requirements went into effect. The four forms previously used for opening and closing a loan have been replaced by two forms; one to be used at the beginning of the loan and one for when the loan closes. EasyCDF is fully TRID compliant real estate closing software. Its intuitive interface makes it easy to enter all the information you need, and then you can let the software enter the figures in the correct places on the forms.
The following are a list of the updates available with EasyCDF:
- New Closing Disclosure Form: The Closing Disclosure Form will replace the former Truth in Lending Statement and the HUD-1 settlement sheet. It must be provided three business days before closing a loan.
- New Closing Disclosure Delivery Schedule: The built in task list feature of EasyCDF will simplify creating a new workflow that keeps all associated jobs with closing on schedule. This includes the assurance that you are sending out the Closing Disclosure form in time for consumers to receive it in the required time line.
- You’ll still get all the same great features as Easy HUD. Not only will you be fully TRID compliant with the new EasyCDF features, you’ll also have access to all of the great features that you already know and trust from Easy HUD, including:
automatic tax calculation
one-click electronic 1099-S Filing
Easy Soft conducted a series of education driven webinars to prepare all real estate attorneys for the upcoming 2015 changes. To view the videos, please click here.
For more information, please see the following resources:
- 18 Common Questions for TILA-RESPA Answered
- Cybersecurity and the Real Estate Industry
- Automating Your Closing Process with the Latest Technology
- How to Choose the Right Real Estate Closing Software for Your Practice
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