Mortgage rates are falling. Freddie Mac’s weekly mortgage rate survey reported 30-year fixed mortgages are averaging 4.1% for the last two weeks of August 2014, the lowest since October 2013. There may be a rush to refinance and you need a good real estate closing program like Easy HUD to help you with the spike in business.
Slow And Steady Doesn’t Always Win The Race
People love to quote Aesop as some kind of justification for doing things inefficiently. They feel like if they take their time filling out the HUD 1 settlement statement (actually the HUD 1a for refis) then they will do better than their competitors who rush through it. They will make fewer mistakes, which means they will have to issue fewer corrections and in the long run they will save time.
Yes it’s true that accuracy counts for more than speed when filling out government forms, but that doesn’t mean you can’t have both. The fact is the tortoise in the fable won the race not because he was slow but because the hare was lazy. Speed is an asset, and when combined with focus and determination it is a critical competitive edge.
Fast And Steady Is Better
Easy HUD software offers the speed of the hare and the steadiness of the tortoise. You can fill out the form quickly. The software automatically does the math for you so you save time that would normally be spent pounding on calculator keys. Our users report they can close up to 70% faster when using Easy HUD.
However you are also steady. Easy HUD calculations are not just fast; they are accurate. The form is already compliant with the latest RESPA requirements, and is automatically updated as HUD issues new rules. You also get the benefit of accurate tax tables for over 40 jurisdictions, automated GFE-HUD comparison sheet preparations, and a host of productivity tools to keep your business organized.
You don’t need to choose between the tortoise and the hare. Instead you can get the benefits of both with Easy HUD. You will be ready for the rush of clients who are even now headed for your business. The faster you process closings, the better your cash flow will be. Try Easy HUD free for 30 days to see how much easier it is to process refinances.