HUD 1 Software
Completing professional documents can be a very difficult task, and that is why some software products have been designed to simplify the process.
The HUD-1 is a type of software used in real estate closing. The software makes all the tedious tasks that real estate agents are involved in when completing statements easy. The HUD-1 will update all the calculations that you enter instantly which make it very handy when you need to make revisions.
All the common information that you enter when will be entered in the right form on the software to make sure that there is no redundant typing. The software will allow you to store all the data that you enter on the hard drive, a drive that is shared on the network or any external diskettes.
Who needs these products?
The cash reconciliation feature that is found in the HUD-1 software will be very useful to real estate closing agents because it helps them make sure that each entry that is made on the statements is handled in a proper way. This feature will also help agents make sure that the money that they get equals the money that they pay out.
Attorneys in the real estate industry will also appreciate the client management system that is found in the HUD-1 software. The built-in help feature makes it easy to use.
Therefore, the users do not need to undergo any form of training.
Other products provided
There are two versions of the HUD-1 software that are available including the HUD-1 RESPA settlement software, and the HUD-1A RESPA settlement software.
The HUD-faces competition from the old good faith estimates that were previously used in the real estate market.
Unique points about the products
The HUD-1 carries forward closing costs to the appropriate area when they are entered which ensures you print out clean forms.