Handling real estate closings has never been easy. But these days, the number of parties, dollar amounts, regulations, and last-minute changes has increased – complicating things even more. Without a corresponding increase in your technology, keeping up is an uphill battle – and one you’re likely to lose, given the tendency of most real estate lawyers to accept flat fees for closing work.
That’s where Easy Soft comes in. The legal software specialist produces Easy HUD, HUD 1 friendly software that streamlines your closings – and then closes the file.
Let’s track how this works.
When you get a new case, you enter all of the information – from buyer and seller names to lender and title company addresses – only once, at the outset.
Then, you choose the forms you need. They’re all built within the software, including your complex RESPA-compliant HUD 1 or HUD 1 forms. They’re fully automated to draw from your case data and generate all internal calculations with the press of a button.
Finally, come closing, you use Easy HUD’s automatic ledger feature to balance your ledger and make sure you arrange the right disbursement, and neither under- or over-collect. You can even print your checks directly from this feature. (Add Easy Trust, our trust accounting software, and you keep all closing funds exactly where the state bar wants them – in a protected escrow account.) Even lender deductions have already been accounted for – using NET flags.
If the closing date changes? Press a button, and your amounts simply adjust themselves, with little effort on your part.
After closing, you’ve got the lingering issues of the 1099-S IRS filing, and tracking any remaining liens within the statutory period. Easy Soft’s got you covered on both counts. Register for our one-click electronic filing at just $10 a pop, and we meet all your reporting requirements for you. As for lien tracking, you’ll eliminate any post-closing title clearing headaches (and precious staff time) by registering for our lien tracking services at just $35 per file.
At the end of the day, you’ve got a balanced ledger, a clean transfer, and a case that’s been satisfactorily closed. Can’t beat that.
For more information about our HUD 1 closing software, call Easy Soft at 800.905.7638.