What Is a HUD-1 and Do I Need Settlement Statement Software For It?

Updated: December 2021

Technology allows us to do our jobs with more time efficiency and ease of execution but it’s also possible, when you are looking to purchase software, to end up buying one that ends up being a solution in search of a problem. Filling out forms by hand is slower than doing it on the computer and more prone to errors, but sometimes a familiar method is faster than a “better” technology solution.

You probably expect that we, as a software developer, are going say that you always need to use our products but in rare cases Easysoft real estate software isn’t the right answer for everyone. That’s why our product consultants will provide a clear demonstration to then qualify for a FREE 7-day trial.

Easysoft Legal Software puts a lot of tools at your fingertips. You can complete the HUD-1 and HUD-1A statements more quickly than you could with a spreadsheet, and you can process closings in a fraction of the time compared to doing it by hand. Additional features within the software allow you to quickly file 1099-S forms electronically, prepare real estate ledgers, and utilize title insurance integrations. Why would you not want to use such an effective tool?

Well, there is the cost, but, Easysoft real estate closing software is a very affordable piece of software, especially for small and solo practices compared to other options like Qualia, Ramquest, or Softpro. Easysoft was designed specifically with legal professionals in mind so you don’t pay extra for features you don’ need. Most of the competitors cost double or more and you end up paying for features that a real estate closing attorney will not need or use.

You probably already have a system that you are used to and as many people fear the difficulty of changing to a new software, Easysoft Legal Software has an intuitive interface and is designed to be easy to use, with no installation, so you can be up and running in no time. With our web-based technology you can access your files from anywhere, at any time, from any device. Or maybe rather than doing it by hand, you already use the computer. You fill out a PDF version of the HUD 1 and use spreadsheets or generic accounting software to handle the transactions. You have the benefit of using the computer to ensure calculations are correct without having to learn a new system but this method is still much more time-consuming than it needs to be when settlement solutions like Easysoft are available and affordable for real estate closings.

In summary, there is a cost to using Easysoft’s real estate software but it pays for itself in faster closings and more business. It will not take long to learn the software and you will save time by doing things more efficiently. Tech support is included and is based in the US with prompt response times during business hours.

The vast majority of real estate firms will be better off with Easysoft Legal Software to help streamline their real estate closings, but if you are in doubt contact us and let us help you decide if our real estate software is right for your business. Learn more and try it for yourself when you book a demo and take advantage of our 7-day trial.

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