Automated Closing Disclosure Software
Updated Dec 2021
Fast, accurate and more efficient closings are possible with Easysoft’s automated Closing Disclosure. Using our software solution means you can utilize features like automatic calculation, once and done data entry, and 1099-S e-filing, all while being fully TRID complaint and closing up to 70% faster.
Stay TILA-RESPA compliant with Easysoft.
Here are the TILA-RESPA Integrated Disclosure (TRID) reporting requirements related to the Closing Disclosure document:
Under §§ 1098 and 1100A of the Dodd-Frank Act (codified at 12 U.S.C. 2063(a) and 15 U.S.C. 1604(b)), the CFPB was directed to publish rules and forms that combine certain disclosures consumers receive when applying for and closing on a mortgage loan under TILA and RESPA. The CFPB therefore amended Regulation X of RESPA and Regulation Z of TILA, establishing new disclosure requirements and forms in Regulation Z for most closed-end consumer credit transactions secured by real property. The final rule also provides extensive guidance regarding compliance with those requirements.
The Closing Disclosure (CD), found inside of Easysoft Real Estate Software, is essential to legal professionals and title agents, working with both clients and banks, to ensure their closings and real estate transactions are abiding by these important requirements. The CFPB designed the form to provide disclosures that would be helpful to consumers in understanding all the costs of the mortgage loan transactions. Easysoft’s legal software is designed to help attorneys and their staff quickly, accurately, and easily complete the CD. Our real estate closing software solution automates the needed documents for all aspects of the closing to be compliant with the CFPB requirements.
The built-in list of features found inside of Easysoft real estate software helps simplify the workflow for attorneys, title agents, and their staff, keeping all parts of the closing process unified, compliant and error-free. This includes the assurance that the Closing Disclosure form is sent on time for consumers to receive it in the required timeline
Not only does the web-based software help attorneys and their staff remain fully TRID compliant but the Closing Disclosure software features:
- Automatic calculations
- The ability to export to the ledger
- Title Integration (available in some states)
- Paperless 1099-S e-filling
- Compliant and easy-to-complete Closing Disclosure Form
- Central data collection
- Access to important files anywhere, anytime
- HUD, HUD-1, and HUD-1A
Easysoft Legal Software provides law firms and title agents the ability to work smarter, not harder, while not breaking the bank. Utilizing a closing software that reduces tasks, paper and time on each closing file can also help increase your firm’s revenue. This allows lawyers and their staff more time and resources to increase volume and focus on growing their business. See for yourself when you book a demo and begin your FREE trial.
Easysoft - the power you need at a price you can afford.