Tag Archive: legal education

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.

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.

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.

Aug
24

Landtech in College

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Palm Beach State College Students using Landtech to learn

Colleges and universities have begun the first semester of 2017. Many use Landtech to teach about real estate closings from a law office perspective. In South Florida Landtech is used as a teaching aid for paralegal candidates to learn the ins and outs of real estate closings. These students will graduate with knowledge of various real estate closing transactions and also what good closing software  can and should do easily with one time entry. In Florida, Landtech is used at Palm Beach State College, Broward State College and Nova University of Law to show students the procedures used in multi-faceted real estate title transactions. Peter Rennick from Landtech Florida works with Professor Steven M. Weiss, Esq. to teach real estate transactional law at two of the Palm Beach State College campuses. Landtech Florida works with Broward College and Nova University at their request to make sure that they have the most up-to-date Landtech system for the students and training in new Landtech features. Many of these students go on to become attorneys and paralegals, and some go into other careers in the land title field. These classes are a valuable stepping-stone for them.

At Palm Beach State College the classes are conducted by giving students hands-on experience in today’s real estate closings. We utilize the ease and capabilities of Landtech to calculate all charges and prorations, disburse the funds and create all closing documents. At Landtech we feel that donating the use of our software and assisting however we can is one way to give back to our community. Landtech is the most widely used, privately held closing software company in the country and the students will be better positioned to find a job with a real estate law firm or title company anywhere in America when they graduate. The students will also understand how good settlement software can help them achieve the accuracy they need and the best presentation at the closing. If you know of an educational institution that would like to use Landtech in their classes, please let us know. And to the students of PBSC, we’ll see you at the Lake Worth campus in August, 2016!