Dealing with commercial closings? Ditch your Excel!

Posted by Melissa McBerkowitz on 3/2/18 11:40 AM

Great software for commercial transactions should provide the same benefits as for residential - save time and reduce the risk of errors, to ultimately provide better customer service with faster turnaround and more accurate work.

Unfortunately, many commercial title and escrow providers use less sophisticated software than their residential counterparts do, despite the fact that commercial transactions are incredibly complex in comparison. Using Excel to create settlement statements is common, primarily because Excel provides maximum flexibility to produce the exact format requested by your customer. That flexibility is key, but many real estate software programs don’t support it, instead locking you into a fixed format where you can’t customize the sections or wording on the statement, the transaction information shown in the header at the top of the form, or the signature lines in the footer.

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Tags: Best Practices, SoftPro Select, Commercial

Don't make data security your company's downfall

Posted by SoftPro on 2/20/18 10:00 AM

As more of the world gains internet access, cyber criminals are moving their attacks from machines to humans. It’s estimated that just over 50% of the world’s population has access to the internet and that number is expected to climb to 75% in the next five years.

Education and preparation for your employees, customers and clients will be critical moving forward.

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Tags: Best Practices

Surety Title Agency maximizes the power of SoftPro with custom QuickBooks integration and robust accounting functionality

Posted by SoftPro on 2/15/18 2:00 PM

Surety Title.pngSurety Title Agency, Inc. and SoftPro have a lot in common. Both companies went into business in the early 1980’s with a desire to be a trusted partner to their respective clients. The paths of the two companies would come together in 2015 when Surety Title Agency began using SoftPro for its closing and title automation.

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Tags: Best Practices, Case Studies

See SoftPro at ALTA 2018 Springboard

Posted by SoftPro on 2/2/18 8:47 AM

Join SoftPro and the rest of the title and escrow professionals on at ALTA SpringboardMarch 20-21, 2018 at the W Midtown in Atlanta, GA. 

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Tags: Events

CFPB declared constitutional by Court of Appeals

Posted by SoftPro on 1/31/18 12:22 PM

According to HousingWire, in a stunning reversal of its previous decision, the full Court of Appeals for the District of Columbia Circuit ruled Wednesday that the Consumer Financial Protection Bureau is constitutionally structured.

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Tags: Regulatory and Compliance

Save time by filing your 1099-S  electronically in SoftPro

Posted by SoftPro on 1/25/18 10:00 AM

With 1099 season in full swing, there is a great opportunity to simplify your 1099 process, have more time to prepare your filings, and be able to spend your time more efficiently on other tasks by filing your 1099-S records online.  All you need is the add-on SoftPro module Pro1099, which automates the reporting process and makes IRS 1099-S electronic filing simple and accurate.  

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Tags: Best Practices

January State Regulatory Updates

Posted by SoftPro on 1/24/18 11:01 AM

New Jersey Form and Rate Manual Revision – Effective December 31, 2017

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Tags: Regulatory and Compliance

Ongoing CFPB Drama

Posted by SoftPro on 1/23/18 1:06 PM

Director Cordray officially resigned as Director of the CFPB in November and later announced he would run for governor of Ohio.  President Trump immediately named his budget director, Mick Mulvaney, as the Acting Director of the bureau.  However, prior to resigning, Director Cordray named CFPB’s Chief of Staff, Leandra English, as the Acting Director causing the CFPB to have two Acting Directors.  Cordray believed he had the authority to name an acting director under Dodd-Frank and while President Trump believed he had authority under the Federal Vacancies Reform Act of 1998.  Both Mulvaney and English showed up for work that Monday.

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Tags: Regulatory and Compliance

TRID Improvement Act

Posted by SoftPro on 1/22/18 11:00 AM

The U.S. House Financial Services Committee passed the ALTA-supported TRID Improvement Act of 2017 (H.R. 3978) by an overwhelming 53-5 bipartisan vote in mid-November 2017. The bill, introduced by U.S. Reps. French Hill and Ruben Kihuen, corrects the inaccurate disclosure of title insurance premiums on the TILA-RESPA Integrated Disclosures (TRID).  Under the current regulation, the CFPB does not allow title insurance companies to disclose available discounts for lenders title on the CDF.

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Tags: Regulatory and Compliance

Introducing New Jersey Search Experts Integration in SoftPro 360

Posted by SoftPro on 1/18/18 1:22 PM

SoftPro announced a new integration with New Jersey Search Experts for ordering judgment searches, chancery abstracts, corporate status reports, UCC’s, assessment, utility searches, and many other reports and searches. Now SoftPro users can order New Jersey Search Experts’ products and services directly through SoftPro’s free business exchange portal, SoftPro 360, for quick turnaround and maximum efficiency.

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Tags: Integrations

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