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The changes are huge and
the
impact on your institution will be
substantial. The transition period ends
January 1, 2010 and we have
the latest version available now.
The Real Estate Settlement Procedures
Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is
to help consumers become better shoppers for settlement services.
Another purpose is to eliminate kickbacks and referrals fees that
increase unnecessarily the costs of certain settlement services. RESPA requires that borrowers receive disclosures at various
times. Some disclosures spell out the costs associated with the
settlement, outline lender servicing and escrow account practices
and describe business relationships between settlement service
providers.
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Features and enhancements:
The effective date was
January 16, 2009. Over the past 6+ months, we have
listened to customers, customized, and added features so
that the final printed product is perfect to you, our
customer. A small list of features Closing 2010 has:
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Option to remove or include shading.
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Option to remove or include GFE text and $ signs.
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Option to change the font.
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Convert to PDF and email to clients.
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Live update feature helps us communicate with you, the
customer, and keep you up-to-date with the latest form
revisions and enhancements.
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Functions on any Windows operating system including
VISTA.
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The HUD-1 RESPA
Settlement Statement
automates preparation and printing of the HUD-1 RESPA Settlement
Statement forms. This program displays the each HUD-1 form on
the screen in a scrollable format. The information is entered from
your keyboard as it would be typed on the form itself. HUD-1
Addendum Page adds Additional Lines. The software does all the math related to the
HUD-1 RESPA Settlement Statement; from tax prorations, to interest
calculations, to recording fees, loan discounts, aggregate escrow
adjustment and more. All
calculations are updated instantly as the data is entered. You can
override all calculated results to produce the final output you
need.
A cash
reconciliation or recapitulation is also prepared. This helps
the closing agent be sure that all entries on the statement
are properly handled and that money received equals money
disbursed, or paid out.
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Law Office Computing Review
(The full article is located
here.)
The best feature of the HUD-1 program is
the carry-forward of various closing costs disclosed on the second
page of the HUD to the appropriate line on the first page. The program
did this correctly time after time, and nothing pleased me more than
having those numbers match to the penny...I had
no problems with printing clean, accurate forms, in full compliance
with federal regulations. The various messages in the print set-up
suggest the manufacturer spent time making sure the printing works,
and I was pleased with the printed material. |
 The
HUD-1 RESPA Settlement Statement prints the complete
HUD-1 and forms on plain 8 ½ x 11 letterhead paper or 8 ½ x 14
legal size paper with any windows supported printer. Print preview
is also available. The resulting printed product has a
commercially prepared appearance. Data entered may be stored/saved
anywhere on your hard drive or to external diskettes as a .hud
file for quick retrieval.
Additional features include:
- Modified for January 16, 2009
changes
- Closer's Reconciliation
Statement
- Sure-store client management
system
- Addendum
Page for Additional Lines
- Option to print
Borrower's closing statement or Seller's closing
statement.
- Create and store common
lenders and settlement agent
names for quick retrieval.
- Option to print separate
signature page with two (2) lines for complicated signatures.
- Easily transport data from one
computer to another or across a network.
- Simple tax
prorate software
built-in.
- Override
text on the form itself or set text as default.
- Software
displays two dates so you can print, for example, the Settlement
Date and the Funding Date.
- Option to create
PDF files
which can be transmitted electronically or eFax.
The software has a lot of other
great features. We also offer:
You can download the software from this
website, we can mail out a trial
CD, or we can e-mail you the software. When you order, we
will mail out a CD and manual.
 All of our software functions on
any Windows operating system. The software has been tested on
Windows 95, 98, 2000, NT, ME (millennium edition), XP and Windows
Vista. The
software functions on networks or stand-alone personal computers
and is compatible with all printers.
To learn more about to fill out
the HUD-1, HUD-1A RESPA forms, click
here.
30-Day Unconditional Money-Back Guarantee!
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