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HUD-1 Settlement Software
If you are a real estate settlement professional looking for a basic HUD-1 software program that's easy to use, Power Closer Jr. is a likely choice, but don't overlook the FREE Power Closer demo. This demo HUD software includes the HUD-1 Settlement Statement form. The demo is very easy to use, and might be all you need.
HUD-1 and HUD-1A Forms
All versions of Power Closer closing real estate settlement software calculate and print the HUD-1 settlement statement, and also the optional HUD-1A form.
Closing professionals who only use the HUD-1 form sporadically have occasionally told us the free demo is all they need, and we tell them they're welcome to use it as long as they like.
The demo version of Power Closer real estate settlement software prints the HUD-1 settlement statement as the traditional HUD-1 form, and can also print the optional alternative HUD-1A settlement statement for refinance transactions. When you change the settlement date, loan amount, sales price, or other items on the HUD settlement statements, the demo recalculates everything that the paid program calculates, including the prorations, recording charges, totals on the HUD-1 form, and closing check allocations on the Balance Sheet.
No training needed
The HUD-1 software demo feels and acts very much like paid version of the product. The interface is based on the familiar HUD-1 Settlement Statement form. As with the paid product, no software training is needed. A real estate settlement professional should be able to install the demo, enter a simple closing, and print out the HUD-1 settlement statement and a balance sheet in about fifteen minutes or so.
Power Closer closing software prints a "Pre-Closing Draft" banner on the HUD-1 form until you change the Status of the closing to Ready to Close. For a concise introduction to using the demo, including a clear statement of the demo's limitations, see Basics of Using Power Closer real estate closing software.
Power Closer is upgradeable
At the point where you have a dependable volume of HUD-1 closings that justifies spending money on real estate settlement software, we suggest you consider a paid version of Power Closer real estate settlement software. For a chart comparing features of the demo and several paid versions of the product, see Help with choosing real estate settlement software.
See also: RESPA, Reg X and the HUD
Settlement Statement (HUD-1 Form)
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