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...
View ArticleThe 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...
View ArticleHUD-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...
View ArticleRevolutionary 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...
View ArticleA 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...
View ArticleHUD 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...
View ArticleAdding Flexibility To Your HUD Statements
Filling out the forms for purchase or refinance of a home is a lot simpler than it used to be before there was a computer on every desk. Nowadays real estate professionals use HUD software to automate...
View ArticleLess 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...
View ArticleNumber 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...
View Article8 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...
View ArticleAre 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...
View ArticleAre 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....
View ArticleThe Secret To A More Efficient Real Estate Practice
Time is what we want most, but what, alas! we use worst — William Penn, 1693 Time is money — Benjamin Franklin, 1748 Four centuries later, those statements are as true as they were in their day. We...
View ArticleHow 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...
View ArticleData 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...
View Article6 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...
View ArticleDont Let Errors on the HUD 1 Statement Blow Your Deal
For want of a nail, a kingdom was lost. For want of a spellchecker, a million-dollar home sale was lost. Simple typos on the HUD closing statement will at best delay your payment, and at worst torpedo...
View ArticleBest 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...
View ArticleVA 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...
View ArticleHUD 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...
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