Home Buying

Hudstatement.com, a leading marketing and sales company and solutions provider, has released a new version of its HUD-1 Settlement Statement generator and Good Faith Estimate (GFE) (soon to be released). The new HUD Generator is ensured to meet the requirements set by the U.S. Department of Housing & Urban Development (HUD) effective Jan. 1, 2010. The rule directly affects two key elements of the real estate closing—the Good Faith Estimate (GFE) and HUD-1 forms—and requires several dramatic changes in the way the forms must be completed and coordinated.

Hudstatement.com said the new version is aimed at providing users with an easy to use and hassle-free HUD-1 Settlement Statement form. The development of the HUD Settlement Statement Generator was a product of variuos requests from customers for an easy-to-use and up-to-date form.

Implementing the new HUD-1 into the workflow of a settlement services firm will likely mean a disruption in the way they do business, no matter how well it is done. We anticipate the needs of our users that was why we timed the release of the HUD generator before they need it. Users have the option to use the existing HUD-1 or the 2010 HUD-1 to give them optimal flexibility in the interim.

Among the key features of the New HUD 1- includes:

• Create Unlimited HUD-1’s
• 100% Accurate
• Generate PDF Output
• Easy to Use
• Short Sale Approved
• Professionally Formated
• Immediate Download

The HUD-1 release follows the launch of its http://hudstatement.com/ Web site, which also includes an interactive 2010 HUD-1 and GFE. To give the customer with the best and accurate options, we consulted with HUD personnel in developing the form.

The introduction by RESPA of its new rules on HUD-1 and GFE, has attracted debate in several social media sites. Go to www.linkedin.com and browse for the “Groups Directory” if you want to join discussions on 2010 HUD-1. Also, join Barbara Miller (BMillerTSS) on Twitter, as she tweets daily on the challenges of HUD-1 Settlement Statement development.

The HUD-1 Generator Pro was developed especially for Mortgage & Real Estate professionals and investors.

In just seconds, you can have a professional HUD Statements in an easy to use electronic format.

With just a simple click, you can convert your HUD-1 into a PDF document for quick e-mail delivery. - You don’t have to fax!!

Because we use Excel in the HUD-1 Generator, users will have ease and flexibility as well as automatic computation when creating HUD-1.