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EASY SOFT ANNOUNCES THE LAUNCH OF EASY HUD 3.0

Product is among the first compliance software to meet newly issued U.S. Department of Housing and Urban Development Regulatory Requirements

NORTH BRUNSWICK, NJ – February 10, 2009 – Easy Soft, an industry leader in law office automation software and services, today announces the launch of their real estate closing software product, Easy HUD 3.0.  The product has been updated to meet all RESPA Final Rule requirements that took effect January 16, 2009 by the U.S. Department of Housing and Urban Development.

The process for buying a home has been the same since 1974.  Now, HUD-1 and HUD-1A have been modified so that for the first time ever borrowers can easily compare promised versus actual settlement charges. In addition, HUD will require lenders and mortgage brokers to provide borrowers with an easy-to-read standard Good Faith Estimate early in the loan process to facilitate comparison of the loan terms from multiple lenders. 

“With Easy HUD 3.0, users will be able to support the new regulatory requirements of the Real Estate Settlement Procedures Act (RESPA),” stated Anil Narula, President of Easy Soft.  “We have been monitoring the RESPA requirements for years and are among the first to offer a software compliance product to meet the new standards.  Our goal is to make it easy for users during the transition, and Easy HUD 3.0 does that.”

For more than 20 years, Easy HUD, the nation's top real estate closing software package, has been simplifying the entire closing process with automated HUD-1 (purchase) or HUD-1A (refinance) settlement statement preparation, disbursement checks preparation/printing and 1099-S electronic filing.  It also allows closing transactions to be automatically exported to Easy Trust or QuickBooks for trust account bookkeeping.

All prepared documents including the HUD settlement statement forms can be saved in PDF or Word format (letter or legal size) and emailed right from the program. With Easy HUD, users only have to enter the required information once and the calculations including embedded transfer charges for 40 jurisdictions will be done for them.

To learn more about Easy HUD and these regulatory requirements, visit www.easysoft-usa.com.

 About Easy Soft:

Easy Soft LLC, the maker of Easy HUD, Easy Trust Accounting and EasyDocs w/PDF+ has been at the forefront of developing legal software for more than 21 years. Easy HUD is one of the most widely used real estate closing software applications in the United States and has been an industry leader since its introduction in 1988. EasyDocs w/PDF+ and Easy Trust Accounting are widely used in small and medium size law firms to automate case document preparation and escrow accounting tasks.  Over 15,000 law firms have licensed Legal Software Products from Easy Soft.  http://www.easysoft-usa.com

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