Easy HUD

Easy HUD has been simplifying the entire closing process with automated HUD settlement statement preparation (HUD-1 & HUD-1A), disbursement checks preparation/printing and 1099-S electronic filing. Plus real estate closing transactions can be automatically exported to Easy Trust or QuickBooks for trust account bookkeeping.

Key feature include where you can enter information in comprehensive case data sections or directly on HUD-1, HUD-1A settlement statements. Program performs all calculations and completes HUD forms automatically,built-in contact database stores commonly used parties so you don’t have to type the same information repeatedly. All Easy HUD users at your firm can share the same contact database,comprehensive City,County,School,Condominium or Sewer Tax Proration module – computes seller over or under paid amounts and transposes numbers to appropriate HUD-1 lines. Generates Lender Statement automatically that lists gross amount of loan, loan disbursed and itemized lender deductions and Save all HUD forms in PDF or Word doc format (letter or legal size) including HUD settlement statements and email, right from the program.

HUD Key Features:

• Compliant with 2015 CFPB rule changes for HUD forms
• Generate RESPA-compliant HUD settlement statements
• Comprehensive Tax Proration to calculate city/county/school/condominium/sewer tax, including whether seller has overpaid or underpaid tax
• GFE-HUD Comparison Sheet: Enter GFE and POC amounts and select tolerances to calculate GFE-HUD Comparison automatically
• Prorate line 901 interest changes automatically
• Calculate total payoff amounts automatically by entering payoff data on HUD line 504/505
• Prepare disbursement ledger
• Enter up to eight buyer or seller names
• Print HUD statements

Ledger Module

• Pre-filled with date, amount, payee, payor and memo information, the Easysoft Legal Software ledger module helps to generate accurate ledger statements
• Automatic adjustments are made for pre-dispersed items or earned deposits
• Checks may be split or combined where necessary
• Optional: add buyer/seller authorizations with printed ledger statement

Electronic 1099-S Filing and Reporting

• Enroll in our electronic 1099-S Filing Service so you can file online as you go
• Prepare 1099-S substitute or exemption forms if needed
• Submit 1099-S directly from Easysoft Legal Software and receive an instant confirmation number
• Minimize IRS rejections for incomplete submissions and associated fines. Easysoft Legal Software checks and flags HUD data prior to submission
• Print log of year-to-date submissions instantly.HUD-1, HUD-1A RESPA Settlement Statement Software. Real Estate Closing Software, Automated HUD Forms, Checks, 1099-S Filings.Download and try Easy HUD software today. With licenses starting at $169.50 (includes unlimited, live-by-phone technical support for 1-year!), you’ll see why, for over 20 years, Easy HUD has been recognized as the most cost effective, powerful, yet simple to use, real estate closing software available. Both Easy HUD version 2.0 and version 3.0 are included in this price, thus ensuring your HUD forms compliance with the new RESPA rules. All product purchases come with an unconditional 30-day money back guarantee.Easy Hud 3.0.0 Description:

  Easy Hud is a complex application which will help you automate your real estate transactions.

  For more than 20 years Easy HUD, the nation’s top real estate closing software, has been simplifying the entire closing process with automated HUD settlement statement preparation (HUD-1 & HUD-1A), disbursement checks preparation/printing and 1099-S electronic filing. Plus real estate closing transactions can be automatically exported to Easy Trust or QuickBooks for trust account bookkeeping.

  The RESPA Final Rule requirements went into effect on January 16, 2009. With Easy HUD you can rest assured that you will be fully compliant.

  All new customers are being provided with both Easy HUD version 2.0 and Easy HUD version 3.0 at no additional cost. During the transition year (2009), you will need to use Easy HUD version 2.0 if the lender is using old GFE forms and use Easy HUD version 3.0, if the lender is using new GFE forms. This way, Easy HUD users will be able to seamlessly and selectively support both the old and the new requirements during the transition year. Click here to read more about RESPA final rule which requires new HUD-1 and HUD-1A settlement statement forms.

  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. Just enter your data once, and let Easy HUD do the calculations, producing all required real estate closing documents, HUD forms, 1099-S electronic filings and complete trust accounting record with Easy Trust.

  Easy HUD software even has built-in state charges for relevant HUD-1 lines 1201-1205 for following states: AK, AL, CA, CO, CT, DE, FL, GA, IA, IL, KS, KY, MA, ME, MN, NC, NE, NH, NJ, NV, NY, OK, RI, SC, SD, VA, VT, WI. Just select your jurisdiction and let Easy HUD do computations based on sale/loan amounts.

  Easy Hud 3.0.0 Features:

  · Purchase and Refinance Transactions
  · Fully automated real estate closing software system. Enter information on HUD-1, HUD-1A settlement statements and all calculations are automatically done. Real Estate Closing is always balanced, HUD forms are ready, all disbursements are tracked and checks are ready to be printed.
  · Real Estate Closing transactions also exports to Easy Trust Software with just one click and completing trust/escrow account bookkeeping as well.
  · Lender Statement generated automatically, listing gross amount of loan, loan disbursed and itemized list of all items deducted by the lender.
  · Save all HUD forms in PDF or Word format (letter or legal size) including HUD Settlement Statements and email right from the program.
  · Supports up to 8 buyer names and 8 seller names.
  · Flexible addendum page supports up to 39 extra lines for any group (800/900/1000/1100/1200/1300).
  · Auto calculates Line 1201 to 1205 charges of HUD-1 for over 40 jurisdictions. And if your state jurisdiction isn’t listed, call us and we’ll add it in for you!
  · All relevant line items have “net” flag to indicate if funds were pre-disbursed by the lender.
  · Comprehensive 201 initial deposit box accounts for initial deposit given to brokers, seller or to settlement agent.
  · Special 812 line item accounts for Mortgage Yield Spread Premium, either pre-disbursed or disbursed at closing.
  · Easy HUD software supports purchases with 2 loans, automatically preparing 2 HUD forms, one for each lender, keeping track of secondary HUD’s payoff to the primary HUD.
  · Line 901 interest charges automatically prorated once a closing date has been set. Includes choice of setting to first of next month after closing or as of last date of the closing month.
  · Optional Advanced printing options: Lender Statement, print without total, print buyer or seller side HUD only, and buyer/seller summary statements.
  · Optional signature and disclosure section on page 2 or a separate page 3.

  · Ledger
  · Module for completed closings, which retrieves deposits and disbursements from HUD-1 (purchase) or HUD-1A (refinance).
  · Payee/payor, memo and exact amount information is automatically extracted from purchase/refinance HUD forms.
  · Automatically adjusts for pre-disbursed items or earnest deposits held with brokers.
  · Split or combine checks as needed.
  · Automatically adjusts for mortgage yield spread premium to brokers if disbursed at closing.
  · Change information after extracting transactions without affecting closing forms.
  · Prints checks, numbered automatically or manually entered.
  · Prints itemized ledger statement for each deposit or disbursement.

  · 1099-S Filing
  · Virtually all required 1099-S information is automatically available from HUD-1. No need to re-enter or re-type 1099-S information on seperate forms.
  · Then, in 1-click, electronically file 1099-S using Easy Soft’s 1099-S filing service. You can also prepare exemption form if 1099-S submission is not required for a closing.
  · Once submitted and accepted, 1099-S filing service will immediately issue you a confirmation number. All your IRS reporting requirements are complete. At year end, 1099-S filing service will file ALL of your 1099-S with IRS and mail official copies to the seller.

  · Other Productivity Features
  · Your entire firm can open and save Easy HUD software files to and from a common folder location. This makes file sharing and data backup very easy.

  · Seamless integration with EasyOnlineClosing, an online real estate transaction and title management service, exclusively available to Easy HUD software users.
  · Make templates for HUD-1 (purchase) or HUD-1A (refinance) transactions and use these as starting file over and over again.
  · View your case log for a list of all transactions in progress and prior completed files.
  · Leverage frequently used payee and other information in your contact database to save time.
  · Default printer and paper type settings. Set it once, and all documents print on your choice of printer and paper size

   

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