Easy Tracking of Pre-Disbursed Fees on the HUD 1 Settlement Sheet

Monitoring all the fees and payments in a real estate transaction doesn’t have to be complicated. When you use title closing software like Easy HUD, you can depend on the software to keep all your payments straight. This includes payments pre-disbursed by the lender, also known as net charges. The…

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Centralized Case Data to Speed Up Closing and HUD 1 Statement Processing

Real estate transactions involve a lot of lot of paperwork and, not surprisingly, computers can help speed up that process. However rather than just giving you a faster way to produce a HUD-1 settlement statement, Easy HUD gives you a better, more intuitive way to enter the case data. Filling…

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By The Numbers: The Ledger Module of Easy HUD Settlement Statement Software

Although it might feel like real estate is nothing more than filling out government forms, there are a few other tasks involved and Easy HUD can help with those. Of course we can help with completing the HUD 1 settlement statement, a big part of a real estate deal, but…

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Don’t Forget About These Easy HUD Program Features

Easy HUD has been developed to speed up closing by automating the paperwork associated with buying and selling a home. However there is more to a real estate transaction than the HUD 1 settlement statement. Our real estate software includes a set of case management tools designed to streamline the…

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HUD Settlement Statement Software Gives You More Time with Your Family

We talk a lot about how faster closings improve your real estate practice’s profits. However, life is not all about work. There is a much greater awareness today of the need to balance work and home life, but there are also more tools to make our jobs adaptable enough to…

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VA Loan Requirements and the HUD 1 Settlement Statement

Our federal government is so huge that sometimes different branches operate under conflicting rules and the public is caught in the middle. As an example the Department of Veterans Affairs (VA) and the 2010 RESPA Final Rule give different requirements for home loan information. VA Loan Fee Caps VA loan…

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Bad Faith Estimates: How RESPA Software Saves Your Real Estate Firm Money

One of the core changes RESPA made to the home purchase process was the GFE, or Good Faith Estimate, which gives an idea of how much the buyer and seller will have to pay out of pocket. The GFE is only an estimate and the final charges may differ from…

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How You Can Itemize Charges On the HUD 1 Statement

Technically brokers aren’t allowed to itemize charges on the HUD 1 anymore. While this rule was enacted to protect clients, often it is the clients themselves who want the itemization. Can a broker provide itemization without violating the HUD program rules? Yes. Itemization Changes under the RESPA Final Rule The…

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How to Find the Best Real Estate Trust Accounting System

Real estate transactions involve the transfer of money to and from many parties. Real estate firms need to keep careful track of all these funds, which can be complicated especially when several sales are in progress. Easy HUD helps you complete the HUD 1 settlement statement but you will also…

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What Can We Learn From The Healthcare.gov Debacle?

Both supporters and detractors of the Affordable Healthcare Act agree on one thing: the healthcare exchange website launch has been a disaster. Software developers have nightmares of product release catastrophes but it’s rare that things go this badly. As a real estate professional, you don’t want to use RESPA software…

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How to Get HUD 1 Settlement Statement Disbursements Right

Easy HUD is a great help with real estate paperwork and can cut your closing time by 70%, but it does more than just fill out forms. Keeping track of all the disbursements that need to be made can be a nightmare, especially if you are handling multiple properties at…

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Don’t Wait Until the Last Minute to File Tax Forms with RESPA Software

The “death and taxes” line is overdone so we’ll just say that you can’t escape IRS filings no matter what your business is. Real estate practices might file the HUD 1 settlement statement right away but put off the important follow-up document, the 1099-S. Use Easy HUD to make 1099-S…

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Real Estate Leads Malpractice Claims – Right Title Closing Software Can Help

The American Bar Association announced that for the first time in the nearly thirty years they have been tracking malpractice statistics, real estate law passed personal injury to top the number of malpractice claims. The source of the claims was most often real estate documents such as the HUD-1 settlement…

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Real Estate Software Education for the Busy Professional

You want to focus on your real estate business and not on paperwork. That’s why you bought HUD settlement statement software, to simplify your practice and allow you to close deals faster. We’ve made every effort to make Easy HUD as intuitive and easy to use as possible, but you…

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Price and Quality: When Is Cheap Too Cheap?

As a professional you’ve probably faced the problem of pricing. If you set your rates too high then you get no business as clients go to your less expensive competitors. If you set it too low then you are laboring for peanuts and cheating yourself out of a reasonable income.…

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Software for Real Estate Investors

With prices in many areas of the country at historical lows and starting to rise, this is an ideal time for people considering the real estate market to take the plunge as an investor. However many people are justifiably concerned about the potential for disaster considering the recent trouble in…

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Is Your Real Estate Practice Unintentionally Mismanaging Client Funds?

When real estate agents receive funds to be distributed to other parties, they put these funds into a trust account. Unfortunately what often happens is the agents don’t appreciate the difficulty of managing funds from multiple clients comingled in the same account and get themselves into trouble. Without a good…

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Should You Use HUD Forms For Non-RESPA Transactions?

Nobody likes extra paperwork so many of us look for ways to avoid filling out documents. The HUD-1 settlement statement must be used for almost all property purchases that involve a mortgage. There are cases where you can skip the paperwork–but should you? For example, the HUD-1A is an optional…

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Are You Really Still Doing HUD Forms By Hand?

The 2010 RESPA Final Rule was designed to simplify HUD form processing as well as to ensure timely disclosure of full settlement costs. Simple is a relative term and real estate professionals should not be trying to complete the “simpler” HUD 1 settlement sheet by hand. Today’s real estate regulations…

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Are You Ready To Refinance?

Mortgage rates are plummeting. Just this week Freddie Mac reported the 15-year fixed rate hit a record low of 2.61% and the 30-year fixed rate is at 3.4%, less than 0.1% above its record low. Homeowners are rushing to refinance to take advantage of these low rates and real estate…

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April Is Fair Housing Month

This month marks the 45th anniversary of the Fair Housing Act, a law signed by President Johnson. That law and its amendments make it illegal to base decisions on sale or rental of property based on a person’s race, color, national origin, religion, gender, family status or disability. Although racial…

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8 Benefits of Electronic 1099-S Filing

It’s no secret that real estate sales involve a lot of paperwork. After completing the HUD-1 settlement statement agents still need to file 1099-S form with the IRS. Although you can send in paper forms the IRS is encouraging filers to submit the documents electronically. There are several reasons why…

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Help With RESPA Compliance

Real estate agents and attorneys have to be familiar with RESPA, the Real Estate Settlement Procedures Act. This is the law that governs what information must be provided during a real estate transaction and professionals ignore this law at their own peril. RESPA software like Easy HUD gives you a…

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HUD-1 Closing Forms Plus 199 Additional Reasons to Buy Easy HUD

Paper, paper, and more paper.  We’re so glad we don’t have to produce all of the closing documents on your list.  We’ll stick with writing legal software, thank you very much. But, what we have done for the real estate bar is prepare 200 closing documents one time, so that…

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Total Real Estate Closing Automation – A Webinar for Law Firms – Oct 19 (2:00-3:00 PM ET)

A real estate settlement is a transactional activity that follows a similar process from one closing to another. With today’s computer software tools, you can automate repetitive steps, which in turn minimizes re-working closing documents.

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New VA Loan Origination Charge Itemization – Whose Job is it?

According to the VA Circular, lenders issuing VA loans may disclose the fees. Lenders may itemize the charges in the empty 800 lines of the HUD-1 or lenders must provide a separate origination statement. The new origination statement must indicate the purpose of the charge and the amount.

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