Title Company Unveils Mobile App that Produces Customizable HUD-1

June 4, 2013

Washington, D.C.-based Federal Title & Escrow Co. released a mobile application it says produces a detailed picture of cash to close and monthly mortgage payments for homebuyers and cash in pocket for home sellers on an editable, shareable closing disclosure statement.

"Close It! is like Turbo Tax for real estate transactions," said Todd Ewing, founder of Federal Title & Escrow Co., who first conceived of the app last summer. "And the results are accurate within one-tenth of 1 percent on average."

The company said getting started with the app is as easy as entering a purchase or sales price. The results can be fine tuned on a live worksheet to narrow down cash to close or cash in pocket within hundreds of dollars or less for consumers in D.C., Maryland, Virginia and Florida.

Designed for real estate agents, lenders and their clients, Close It! factors in 45 closing cost variables on the buyer's side and 22 variables on the seller's side. It produces a HUD-1 Settlement Statement that users can save, edit and email as a PDF with the option to include their headshot and contact information.

Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.