Legal Technology Journal

NORTH BRUNSWICK, NJ – November 18, 2008 – Easy Soft, an industry leader in law office automation software and services, today announces their real estate closing software product, Easy HUD, will meet all RESPA Final Rule requirements issued November 14, 2008 by the U.S. Department of Housing and Urban Development.

The process for buying a home has been the same since 1974.  Now, HUD-1 and HUD-1A have been modified so that for the first time ever borrowers can easily compare promised versus actual settlement charges. In addition, HUD will require lenders and mortgage brokers to provide borrowers with an easy-to-read standard Good Faith Estimate.
 
“We have actively monitored the seven-year evolution of the new RESPA requirements and were primed for the announcement,” stated William Mayweather III, CEO of Easy Soft.  “Our Easy HUD product is already being updated.  Easy HUD users will be able to seamlessly and selectively support both the old and the new requirements during the transition.”

For more than 20 years Easy HUD, the nation's top real estate closing software package, has been simplifying the entire closing process with automated HUD-1 (purchase) or HUD-1A (refinance) settlement statement preparation, disbursement checks preparation/printing and 1099-S electronic filing.  It also allows closing transactions to be automatically exported to Easy Trust or QuickBooks for trust account bookkeeping.
 
All prepared documents including the HUD settlement statement forms can be saved in PDF or Word format (letter or legal size) and emailed right from the program. With Easy HUD, users only have to enter the required information once and the calculations including embedded transfer charges for 40 jurisdictions will be done for them.

To learn more about Easy HUD and these regulatory requirements, visit www.easysoft-usa.com.