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.