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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How to Safeguard Your HUD Software – And Protect Clients from Identity Theft

You store sensitive information about your clients, ranging from Social Security numbers to credit information. You need that information to complete the HUD closing statement but you also need to protect it from unauthorized viewing. Here are a few tips on how to make Easy HUD even more secure against…

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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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Best Practices for Managing 1099-S Filings with Title Closing Software

The paperwork associated with real estate closings can be overwhelming if you don’t stay on top of it. You can’t get away with putting off the HUD closing statement since you need that to close the deal, but too many real estate firms procrastinate on 1099-S filling, leaving them in…

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6 Reasons Your Real Estate Office Should Go Paperless

In 1975 the desktop computer was still two years off, nobody but university researchers knew what the internet was, and the concept of document imaging was something out of science fiction. This was the year that an article in Business Week Magazine coined an innovative term: the paperless office. It’s…

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Data Entry: Why You Need To Get It Right The First Time

To err is human; to really foul things up requires a computer. — Bill Vaughan One of the core features of Easy Soft’s HUD settlement statement software, Easy HUD, is the common data set. You enter information in one place and all documents generated by the program pull data from…

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How To Stay Competitive In The Real Estate Market

Real estate is one of the big “get rich quick” industries right now. People see enormous opportunities in the post-bust environment as the housing market recovers. With so much competition you need every advantage to stay at the front of the pack, regardless of whether you are a veteran agent…

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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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Are You Ready For The Surge In Home Sales?

Spring is traditionally when home sales volumes trend upward and recent numbers indicate 2013 might be the best year in quite some time as the country slowly lumbers out of its real estate slump. If you aren’t prepared to handle more business then you are throwing money out the door…

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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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Number Crunching For The Math-Phobic Real Estate Pro

Most people don’t go into real estate because they love filling out government forms and adding up long columns of figures. However it’s important not just to complete the HUD settlement statement form but to understand it. When you fully comprehend the figures before you, you can get the best…

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Less Is More–But Sometimes More Is More Too

Government forms are designed to accommodate the most common situations and serve the needs of the greatest number of applicants but sometimes they fall short. Real estate professionals may find that the basic HUD forms don’t always cover more complicated transactions. RESPA rules address this issue by allowing filers to…

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HUD settlement statement – Enter it Once Enter it Forever

If you’re a real estate closing professional or settlement agent, then you know. From the buyer, seller, and lender, to the realtor, title insurance agent, and governmental entities: there are easily about a dozen parties involved in any given HUD-1 closing. That’s a dozen extra opportunities to receive inaccurate, outdated…

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A View from Above: Simplified GFE

If you’re a settlement agent or a real estate professional, you know the score. Make a mistake? Your closing immediately falls out of compliance. The new GFE-HUD comparison page of the HUD-1, and no matter what software you’re using: it’s a time-consuming exercise in double (and triple) vision. You’ve got…

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Revolutionary New Post-Closing Service: Lien Release Tracking Service

You’re a settlement agent, and you’ve just conducted a HUD-1 closing. We understand that your job doesn’t end the minute the funds get disbursed. For example, one of your responsibilities is to make sure that the original (or seller’s) lender releases its lien. Legally speaking, this release must be recorded…

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HUD-1 Closings: What’s the last thing you’ve got to remember?

You’ve just finished closing a deal. It went without a hitch. You prepared your HUD-1 closing statement, dotted your I’s and crossed your T’s in exactly the way that RESPA prescribes. Everyone brought the right checks, and buyer and seller left happy. Now, go back to your office and perform…

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The Latest Improvements to Easy HUD software

Easy Soft’s popular HUD software has been simplified. The newest version is Easy HUD 5.0, and it makes your life and—your practice—even easier than before. In our last post, we talked about the addition of several major features, including the creation of separate buyer and seller transactions sheets (as part…

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2010 RESPA RULES & HUD Complexity

By now, you’ve learned the nuances of the new HUD Settlement Statement, which took effect in January of 2010. While RESPA was able to hold lenders more accountable to their estimates, it also caused a plethora of unintended issues. For example, residential real estate buyers and sellers might end up…

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Mo’ Money, Mo’ Time – For Real Estate Lawyers Only

If you’re a real estate closing lawyer that takes a flat fee for services rendered, you’re well advised to search for ways to increase your efficiency. Greater efficiency translates into less time spent per case, which translates into a higher profit margin (since a lawyer’s time almost always equals his…

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RESPA & You

There’s been much ado about the new RESPA law that went into effect in early 2010. The new HUD Settlement Statements are long and convoluted. Lenders and settlement agents need to make their good faith estimates more exacting. Are the regulations too strict? Not strict enough? How are they enforced?…

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Your Little 1099-S Problem

It’s nearing the end of February. Recession aside, it was a solid year for real estate closings. Thanks to Easy Soft’s Easy HUD software, you generated your HUD settlement statements without a hitch. Your billing is up to date, your trust accounts are flawless, your revenues are strong, and you’re feeling organized and happy as a lawyer can be.

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