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HUD-1 Program
If you are a real estate transaction professional looking for a basic HUD program that's easy to use, Power Closer Jr. is a likely choice, but don't overlook the FREE Power Closer demo. This demo real estate transaction software includes the HUD 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 real estate transaction software calculate and print the HUD-1 form, 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. It looks, feels and performs very much like the paid product, so it is a good way to get off to a running start.
The demo version of Power Closer real estate transaction software prints the HUD-1 settlement statement as the traditional HUD form, and can also print the optional alternative HUD-1A settlement statement for real estate transactions that do not involve a seller. 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 interface is based on the familiar HUD-1 Settlement Statement form. As with the paid product, no software training is needed. A real estate transaction 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's free version is upgradeable
At the point where you have a dependable volume of HUD closings that justifies spending money on real estate transaction software, you can upgrade from the free Power Closer HUD software to a paid version of Power Closer real estate settlement software to add additional features. 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-1 Form
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