Tuesday, February 17, 2009

Easy Soft Launches Easy HUD 3.0

Easy Soft has launched their real estate closing software product, Easy HUD 3.0. The product has been updated to meet all RESPA Final Rule requirements that took effect January 16, 2009 by the U.S. Department of Housing and Urban Development.

The process for buying a home has been the same since 1974. Now, HUD-1 and HUD-1A have been modified so that for the first time ever borrowers can easily compare promised versus actual settlement charges. In addition, HUD will require lenders and mortgage brokers to provide borrowers with an easy-to-read standard Good Faith Estimate early in the loan process to facilitate comparison of the loan terms from multiple lenders.

For more than 20 years, Easy HUD has been simplifying the closing process with automated HUD-1 (purchase) or HUD-1A (refinance) settlement statement preparation, disbursement checks preparation/printing and 1099-S electronic filing. It also allows closing transactions to be automatically exported to Easy Trust or QuickBooks for trust account bookkeeping.

All prepared documents, including the HUD settlement statement forms, can be saved in PDF or Word format (letter or legal size) and emailed right from the program. With Easy HUD, users only have to enter the required information once, and the calculations including embedded transfer charges for 40 jurisdictions will be done for them.

To learn more about Easy HUD and these regulatory requirements, visit www.easysoft-usa.com.

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