HUD Key Features
HUD Key Features:
- Compliant with 2015 CFPB rule changes for HUD forms
- Generate RESPA-compliant HUD settlement statements
- Comprehensive Tax Proration to calculate city/county/school/condominium/sewer tax, including whether seller has overpaid or underpaid tax
- GFE-HUD Comparison Sheet: Enter GFE and POC amounts and select tolerances to calculate GFE-HUD Comparison automatically
- Prorate line 901 interest changes automatically
- Calculate total payoff amounts automatically by entering payoff data on HUD line 504/505
- Prepare disbursement ledger
- Enter up to eight buyer or seller names
- Print HUD statements
Ledger Module
- Pre-filled with date, amount, payee, payor and memo information, the Easysoft Legal Software ledger module helps to generate accurate ledger statements
- Automatic adjustments are made for pre-dispersed items or earned deposits
- Checks may be split or combined where necessary
- Optional: add buyer/seller authorizations with printed ledger statement
Electronic 1099-S Filing and Reporting
- Enroll in our electronic 1099-S Filing Service so you can file online as you go
- Prepare 1099-S substitute or exemption forms if needed
- Submit 1099-S directly from Easysoft Legal Software and receive an instant confirmation number
- Minimize IRS rejections for incomplete submissions and associated fines. Easysoft Legal Software checks and flags HUD data prior to submission
- Print log of year-to-date submissions instantly.
See How Easysoft Legal Software Works
Watch product features and walkthrough videos or schedule a live demonstration with a product consultant