With Easy HUD 3.0, users will be able to support the new regulatory requirements of the Real Estate Settlement Procedures Act (RESPA)
North Brunswick, NJ (PRWEB) February 10, 2009
Easy Soft, an industry leader in law office automation software and services, today announces the launch of 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.
"With Easy HUD 3.0, users will be able to support the new regulatory requirements of the Real Estate Settlement Procedures Act (RESPA)," stated Anil Narula, President of Easy Soft. "We have been monitoring the RESPA requirements for years and are among the first to offer a software compliance product to meet the new standards. Our goal is to make it easy for users during the transition, and Easy HUD 3.0 does that."
For more than 20 years Easy HUD, the nation's top real estate closing software package, has been simplifying the entire 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 http://www.easysoft-usa.com.
About Easy Soft:
Easy Soft (http://www.easysoft-usa.com) specializes in helping law firms automate their processes, streamlining repetitive tasks and workflow. With over 21 years of legal software experience and more than 15,000 clients, Easy Soft makes profitably practicing law "easy." With specialized products for real estate, family law, trust account management, document automation, time & billing, bankruptcy, and estate planning, Easy Soft has automated software solutions for virtually every law practice.
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Easy Soft LLC