Closing Disclosure

As an attorney, you understand the importance of accuracy and compliance in every aspect of your work. Closing disclosure is one of the most critical documents in any real estate transaction, and it is essential that it be completed correctly. 

Easysoft's Legal Software offers a Closing Disclosure feature that makes it easy to create and manage your closing disclosures. With this feature, you can easily create and track all disclosures required by law, and you can ensure that each closing disclosure is accurate and compliant. This ensures that your clients can close on their transaction with confidence, knowing that everything has been handled properly. 

Easysoft's Legal Software is the best solution for attorneys who want to streamline their Closing Disclosure process and ensure compliance with all applicable laws.

Key Features

Easysoft Legal Software’s closing disclosure allows your real estate closings to be fully TRID Compliant during your closing process. Our software stays current with all TILA–RESPA Integrated Disclosure (TRID) reporting requirements. Our intuitive Closing Disclosure form prompts you to enter figures into the correct form fields.

Why attorneys use Easysoft Legal Software’s closing disclosure

When it comes to real estate closings, Easysoft Legal Software's Closing Disclosure features are some of the most popular among attorneys. 

Ensuring TILA-RESPA compliance is essential in any real estate transaction, and our software helps to automate the tax calculation process, making it faster and easier for both parties involved. Our software is also fully TRID compliant, so you can be confident that you're meeting all the required standards. Additionally, our simple 1099-S filing system makes it easy to file the necessary paperwork after the closing is complete. All of these features make our software an invaluable tool for any attorney working in the real estate industry.

The Importance of an Accurate Closing Disclosure Form 

The Closing Disclosure form is a five-page document that outlines the final terms of a mortgage loan. It includes the loan amount, interest rate, monthly payments, and closing costs. Under the Truth in Lending Act, lenders are required to provide borrowers with a Closing Disclosure at least three days before closing. If the Closing Disclosure is not received on time, or if it contains errors, the closing may be delayed or canceled.

Errors on the Closing Disclosure can result in significant delays or even the cancellation of a mortgage loan. In some cases, borrowers may be required to re-disclose their loan terms and reschedule their closing date. In other cases, lenders may be unwilling to move forward with the loan. As a result, it is crucial that attorneys take care to review the Closing Disclosure carefully and ensure that all of the information is accurate. Or, choose legal software to automate closing disclosure for them. By using trusted software, they can help to avoid any complications or delays that could jeopardize the success of their clients' transactions.