Purchase and Refinance Transactions

• Fully automated real estate closing system. Enter information on HUD-1/HUD-1A forms, and all calculations are automatically done. Closing is always balanced, all disbursements are tracked and checks are ready to be printed.

• Completed HUD also exports to Easy Trust Software with just one click and completing trust accounting as well.

• Lender Statement generated automatically, listing gross amount of loan, loan disbursed and itemized list of all items deducted by the lender.

• Save all forms in PDF or Word format (letter or legal size), and email right from the program.

• Supports up to 8 buyer names and 8 seller names.

• Flexible addendum page supports up to 39 extra lines for any group (800/900/1000/1100/1200/1300).

• Line 1201 to 1205 charges pre-populated for over 40 jurisdictions. And if yours isn’t listed, call us and we’ll add it in for you!

• All relevant line items have “net” flag to indicate if funds were pre-disbursed by the lender.

• Comprehensive 201 initial deposit box accounts for initial deposit given to brokers, seller or to settlement agent.

• Special 812 line item accounts for Mortgage Yield Premium, either pre-disbursed or disbursed at closing.

• Software supports closings with 2 loans, automatically preparing 2 HUD forms, one for each lender, keeping track of secondary HUD’s payoff to the primary HUD.

• Line 901 interest charges automatically prorated once a closing date has been set. Includes choice of setting to first of next month after closing or as of last date of the closing month.

• Optional Advanced printing options: Lender Statement, print without total, print buyer or seller side HUD only, and buyer/seller summary statements.

• Optional signature and disclosure section on page 2 or a separate page 3.

Ledger

• Module for completed closings, which retrieves deposits and disbursements from Purchase or Refinance forms.

• Payee/payor, memo and exact amount information is automatically extracted from purchase/refinance forms.

• Automatically adjusts for pre-disbursed items or earnest deposits held with brokers.

• Split or combine checks as needed.

• Automatically adjusts for mortgage premium to brokers if disbursed at closing.

• Change information after extracting transactions without affecting closing forms.

• Prints checks, numbered automatically or manually entered.

• Prints itemized ledger statement for each deposit or disbursement.

Other Productivity Features

• Optional 1099-S module to prepare exemption form or 1099-S form to be used in preparing final 1099-S at year end.

• Seamless integration with EasyOnlineClosing, an online real estate transaction and title management service, exclusively available to Easy HUD users.

• Your entire firm can open and save Easy HUD 2.0 files to and from a common folder location. This makes file sharing and data backup very easy.

• Make templates for purchase and refinance transactions and use these as starting file over and over again. 

• View your case log for a list of all transactions in progress and prior completed files.

• Leverage frequently used payee and other information in your contact database to save time.

• Default printer and paper type settings. Set it once, and all documents print on your choice of printer and paper size.