Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Do I Really Need Real Estate Closing Software?

By Ivon Lerdorf Subscribe to RSS | January 10th 2012 | Views:
loading
 
  



What is My Staff For?

Sophistication in computer technology and development of high quality of software is no guarantee that there will not be bugs in the software or missing features. This happens in real estate closing software as much as it happens in other fields because software developers are not settlement agents or attorneys in real estate. Despite this we have some remarkable real estate closing software that virtually incorporate everything a settlement agent does manually in relation to a real estate closing. Most commonly, the HUD software or real estate closing software handles routines that we do manually in such transactions. These include:

•An easy to understand, user-friendly, intuitive interface

•Enter key data at one point and then populate HUD settlement statement and HUD-1 Forms through this HUD-1 software

•Corrections at one point automatically update all forms and documents already generated

•Add new real estate closing forms or customize forms

•Assemble all documents in one location for printing or revision in Word or PDF format

•Generates a general lender statement showing gross loan, lender deductions and amount disbursed

•Calculates property transfer taxes, pay off information and generates GFE-HUD comparison sheet

•Network ready so different people can work on various aspects and then compile all documents in a central location

•Print out closing balance statements and checks

•Generate 1099-S substitute and exemption forms and lien release tracking

•A summary transaction sheet

•Full compliance to 2010 RESPA Final Rule including HUD Forms, GFE-HUD comparison sheets, HUD-1A settlement and smart itemization and all costs related to the transaction

•Support from vendor with constant updates

Given all these benefits it would be hard to understand why anyone professionally engaged in real estate business would want to overlook this real estate software. However, established practices and habits are difficult to break and it takes quite some time for people to wet their feet in new technologies. Old and established real estate business owners have a number of people handling all these aspects of the property deals since years and from their view point, everything is working smoothly.

Take a typical established settlement agent running his business the conventional way. He has staff preparing documents manually and tracking each aspect using human labour. Show him a demo of this practical and indispensable HUD-1 software and chances are that he will be impressed. Equally, he might well respond by saying: “Do I really need this real estate software? What is my staff for?” It is only when he realizes that productivity increases, he can handle more clients and increase his business using his existing staff for more profitable tasks that he might be convinced to give this HUD settlement statement and real estate software a go. But once he does, he is sure to find it indispensable.

Ivon Lerdorf - About Author:
HUD 1 settlement statement software offer hud forms, hud 1 closing and hud-1 software for all types of real estate transactions.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/software-articles/do-i-really-need-real-estate-closing-software.htm

Related Software Articles Subscribe to RSS

Amazon promises software update for Kindle Fire problems
Published by Ritika Sharma on December 14th 2011 | Software
Amazon.com Inc. has said that it would soon be coming out with a software update for the Kindle as a...
 
Protect your computer with reliable effective antivirus software
Published by Alexs on February 15th 2012 | Software
Computer security is essential for the prevention and detection of any unauthorized use of your comp...
 
Emerging businesses need recruitment software
Published by Maria Warne on June 15th 2012 | Software
To smaller businesses, buying recruitment software may seem a bit of luxury but in fact it is a dedi...
 
Learning School employs administration software
Published by Brandon Munson on December 30th 2011 | Software
The school registration software is easy to use, responsive and flexible. The school and district of...
 
An open source software testing- Selenium automated testing
Published by Roger Lopez on February 24th 2012 | Software
In this article, there is a brief description on selenium automated testing. In addition to this var...
 
To select the finest warehouse software then just choose Vision Software
Published by James Blee on August 24th 2012 | Software
Here at Vision Software Solutions we have provided both blue chip and SME’s with warehouse softwar...
 
Importance of a software development company in website building
Published by Jon on December 20th 2011 | Software
Whenever you go to expand your business over the web, your website would be the best recommended way...
 
Development of software and applications
Published by Anoop TU on April 12th 2012 | Software
Application development is also known by various terms such as software design, platform development...
 
All about the legal billing software
Published by Ivon Lerdorf on February 8th 2012 | Software
Billing is a very important & is a tedious activity for a lawyer. Introducing the legal billing soft...
 
Practice management software is a boon
Published by Jamessms on February 1st 2012 | Software
To manage a clinic or healthcare is very difficult. The patients come with ailments; some require im...
 
Role of web extraction software in data acquisition
Published by Newprosoft on December 6th 2011 | Computer
Data contained on the internet is virtually limitless and this has necessitated the development of s...
 
Why having SaaS software a better choice for your business
Published by Coles Gold on February 2nd 2012 | Software
You can still find a number of businesses still going with the same old story as they are not aware ...
 
Uses of Digital Signage software in the healthcare industry
Published by Digital Technology on April 5th 2012 | Software
Communication is a major aspect of good healthcare today simply because proper organization is essen...
 
The mighty, mandatory networth statement
Published by Ivon Lerdorf on January 16th 2012 | Software
The mighty, mandatory networth statement is designed to capture every penny of every expense, asset,...
 
Benefits of Contract creation software
Published by James on February 21st 2012 | Software
Gone are the days when every single work was done by people only. Nowadays technology has delightful...
 
Classified ad software
Published by Stephen Williams on December 13th 2011 | Software
Making a well planned classified website needs exceptionally classified ad software that can empower...
 
All you need to know about the top antivirus software for Windows 7
Published by Alexs on June 27th 2012 | Software
Computer systems running on the Windows 7 operating system requires only the best antivirus protecti...
 
Use Resource planning software to systemize your business
Published by David Hog on July 19th 2012 | Software
An organization’s growth depends on the strategies and decisions that it incorporates while moving...
 
How scrap software brings extra value to a recycler
Published by Angel on February 17th 2012 | Software
The recycler involved in the scrap business has to record important details of transactions, which g...
 
The key reason why India is the right option when considering offshore software development services
Published by Randykennedy on June 15th 2012 | Software
This is actually because of their considerable skilled people, total government aid and also high-te...