Category Archive: Software News

Sep
18

A new Closing Statement, and Landtech is ready!

At the annual convention of the Dixie Land Title Association in New Orleans on September 12, 2014 , two employees, one from SoftPro software (owned by Fidelity National Title) and one from Ramquest software (partially owned by Old Republic National Title) gave a joint presentation on the new CFPB Closing Disclosure form due to be released in 2015.

Promoting scare theories, they put forth the opinion that because the the Line numbers such as those on the current HUD form are going to disappear, and because “99.9% of all closing software depends on those Line numbers for their documents”, all merge forms would have to be re-programmed to conform to the new data set. They then continued to misinform the attendees that this supposed document conversion would be a long and possibly expensive undertaking.

That must be one huge closing software group they are referring to, because Landtech, with over 4,000 customers in more than 40 states is not dependent on the HUD Line numbers and no Landtech documents have to be reprogrammed to meet the new CFPB forms, so according to these two ladies, Landtech must be in the remaining .1% percent of software developers, or, to extrapolate from that, the .1% of software developers got their programming right and 99.9% got it wrong. What of the customers of the 99.9% of software the employees refererred to, do they know that the merge documents they currently have will be unusable in a year when the CFPB form is released? Do they know that they will have to obtain new replacement documents from the software developer in less than one year from now at a considerable cost?

Aug
18

Attach Outlook emails to your Landtech File!

Landtech has again come up with a truly innovative feature to help you organize your Landtech files even more! If you use Microsoft Outlook® as your email program and receive an email pertaining to one of your closing files, make that email message part of your Landtech file with a couple of mouse clicks.

Simply right-click on the email and select “Attach Email to LT File” from the menu. Wth some MS Exchange accounts, an Outlook security message will pop-up and ask for permission for Landtech to access your Outlook program. Say Allow for a time period you select. Then, the new Landtech .NET Lookup screen will appear letting you select the closing file to attach the email to. When it appears, click on the File Number or Numbers and then, select Attach Email. From then on, anytime you look up that file all attached emails to that file will show in the Lookup, and you can View the emails right there – in Landtech. You can select multiple closing files to post to, multiple emails to be attached to any files and customize the search process and/or results. You must update to version 2013.01.0050 to have this feature. Again, a very helpful addition to the Landtech program with no additional cost to Subscribers to Landtech’s annual updates and telephone support.

May
09

Landtech Simplifies Abstracting and Title Production!

In some States like Florida, it seems that most of the title companies and real estate law firms get their searches done by a Title Underwriter and then the legal description, requirements and exceptions are imported directly from the underwriter into Landtech usually along with the Property Identification number and the names of the buyers and sellers. This obviously eliminates the need to maintain a title plant, a great expense. Some firms get the searches done by independent searchers. Landtech includes a free program, the Title Information Processor, that lets Landtech customers import title information from independent searchers.

In other states, the Abstractors do the search and work-up of the title commitment and pass it to the Closing Department or Customer. Landtech has added an Abstractor section to the software that allows information to flow back and forth seamlessly between Abstractors, Processors and Closers to use the work of each other for quicker, more efficient transactions.

You can now have up to 8 additional Property Addresses for multi-parcel closings. The lookup index will have the aditional addressses added so that you can look up this type of transaction by any of the Property Addresses. Landtech has also added more fields available to merge and export to reports. There are now over 10,100 Fields in each file, generated by Landtech  for Abstracting, Reporting and Document Production. Anything is possible!

Landtech only puts out real, meaningful improvements to the software on a regular basis, all included at no extra charge in the annual telephone support and update subscription.

Nov
13

Long Names in Landtech now print on the HUD!

Landtech HUD

Click to view Landtech’s HUD new features

Landtech added a terrific new feature for Entity Buyers, Seller and Lenders that have lengthy names. These entities are usually Estates, Corporations, Trusts and the like. Landtech has long had the ability to merge Buyer, Seller and Lender Long Names into the documents, but until now, not on the first page of the Closing Statement due to space restrictions. No more! Now, Buyer, Seller and/or Lender Long Names will also print on page one in their entirety! Click on the example to the left to see what you can do to make your Closing Statements sing.

Works in the Cloud and on the ground! Contact us for more.

Aug
26

Landtech changes

In Florida, the ridiculous $3.28 title policy surcharge has finally expired. This was a policy put into place by the State of Florida in concert with title insurance underwriters. On the same day in 2012, Attorneys’ Title Insurance Fund, Inc., KEL Title Insurance and National Title Insurance were ordered not to issue any more title policies in Florida. This $3.28 surcharge was ordered in 2013 to cover the shortfall from those failures and every time a title policy was issued, this surcharge was collected from the parties and remitted to the agent’s title underwriter who would then remit it to the state. In the case of a simultaneous issue, only one surcharge would be collected total. If you have automated entry of this charge set up in your Landtech program, the latest version of Landtech will look at the Settlement Date and if it is beyond 12/31/2016, it will not let you check the surcharge check-box.

As one of the only independent software developers for the land title business, we develop Landtech with only our customers in mind. We don’t care which underwriters you use, how many bank accounts you need to reconcile, how many closings you do every day/month/year. We just want to ensure that your needs are met. Remember, with Landtech, everything is built-in – escrow management, 1099S electronic reporting, over 300 variations of pre-built reports and the unlimited creation of reports on any information in your Landtech, plus a full set of merge documents including title forms for any underwriters. Everything you need for the complete closing transaction, from the initial Title Commitment to the final Title Policies and everything in between at a very reasonable price. True one time entry. Come on over to Landtech for the best software in the industry! We’ll even give you a discount to help you trade up to Landtech. Contact us now.