Tag Archive: Landtech Products

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.

Mar
09

Seamless Industry Integration starts with Landtech

With a multitude of tasks and a multitude of interfaces used in bringing transactions to a successful close it would be a real time saver if even one task got simpler, and it just did. Landtech now generates Closing Protection Letters and/or Title Policy Jackets for Old Republic, Investor’s, WFGWestcorNorth American Title,  Fidelity Group and First American plus other underwriters not insuring in Florida.  all from within your Landtech closing file. No longer do you have to login to the underwriter website to get a needed Closing Protection Letter or Policy Jacket for your transactions. Just select the underwriter and the product that you want, and instantly the letter and/or jacket is there in front of you ready to be printed, emailed or faxed. Landtech is the only settlement industry software to provide this feature to customers at no additional cost to the customers.

Nov
30

Use the HUD-1 pages for Commercial Transactions!

The form most often used in closing transactions is the HUD-1 form, using either the pre-2009 HUD-1 or the HUD-1 for GFE transactions with the additional third page. This instantly recognizable form was picked as the Landtech XML interface because everyone involved in the business end of a closing transaction knows this form and they understand how it works. This lets Landtech perform the necessary calculations, lease prorations, rent prorations and any other automated closing features  to ensure accuracy and recall of file information input though the HUD-1. This also allows Landtech to instantly refresh and display the results whever you make a change. No HUD-1 Viewer necessary! There are many choices in designing software for a specific industry and the HUD-1 form selection is an important one. There were over 30 variations that were part of the choices for a HUD form that Landtech could print. Wyatt Bell picked this particular HUD form for the original Landtech for DOS because it was the form that the American Bankers’ Association picked when the HUD forms were introduced, and in common use. So, in the development of Landtech for Windows and now Landtech XML,  the choice of the HUD-1 pages as an interface was a no-brainer. While it took a lot of development and programming time by the Landtech programmers, Landtech for Windows version 1.0 was introduced in 1997 as a 16 bit system with an editable HUD-1 interface. Version 2.0, the 32-bit version of Landtech for Windows, was introduced in 1998.

From the HUD-1 interface, you can add, edit or examine the other parts of the transaction such as the Legal Description, Requirements or Exceptions and you can add, edit or review any conversational Notes on the file from icons on the Landtech XML toolbar. Also, directly from the HUD-1 entry pages you can also print all conveyance and title documents, disburse the file, report 1099S transactions, reconcile your trust accounts, generate a multitude of reports and many other functions. Landtech also has 80 User-defined prompts, which are fields that you can put any information you like and have it flow to your documents and reports. Some customers use these for file information such as deed and mortgage/deed of trust recording dates, books and pages so it’s part of the Landtech file and inserts itself into the proper document locations without any additional user action. The possibilities are unlimited.

There is an interesting aside about using the HUD-1 as an interface that I didn’t realize until recently. An attorney who uses Landtech called me and asked about using Landtech for commercial transactions. I explained to him that if they used Landtech as an input source, then the export to any functions, particularly custom documents is automatic. It took a bit of explaining, but the actual problem was this: using the HUD-1 form as a user interface is great because of the ease of understanding and the way that you see any date or money changes instantly, but some people think that the form you are working on is the only one that you can print. That’s a very legitimate thought because many Windows programs, particularly word processors like Word and WordPerfect are like that. Landtech, however,  lets you print any form that you want fully merged once the data is put into Landtech, so think of the on-screen HUD-1 forms as easy data entry screens. Put the information in once and only once and use that input for complete closing production for Residential or Commercial transactions. Contact us if you would like more information, please.

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.

Jul
28

Tips to make your Landtech easier and quicker to use

Functions and Key Combinations
Help F1
Load Calculator F5
Bring up Dialog Box F9
Move between Tabs in Dialog Boxes Pg. UP/Pg. DOWN
Bring up User-Defined Prompts Ctrl+U
Enable/Disable Macros F8
Open New File F12
Save File Shift+F12
Print Ctrl+P
Move to Next Field Tab
Return to Previous Field Shift+Tab
Insert Lender Name (Combined Charge) Alt+L
Insert Settlement Agent Name (Combined Charge) Alt+T
Insert Mortgage Broker Name (Combined Charge) Alt+M
Insert Underwriter Name (Combined Charge) Alt+U
Degree symbol Alt+248 (Number keypad only)