Category Archive: What’s happening

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.

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.

Nov
02

Landtech has updated the Reports Scheduler!

As you may know, Landtech has more than 300 variations of built-in reports such as Order Reports, Income Reports, Title Insurance Reports, Escrow Reports, 1099S Reports and many more. You can also custom-build any report from more than 8,000 variables generated by Landtech during the course of a closing. Custom-built reports can be opened using programs such as Excel or Access and the data can be massaged further in those programs. Landtech saves a list of the 20 most recent reports, built-in or custom-built, for quick and easy access.

Any report can be scheduled to run at any time and the output can be directed to a printer, a PDF file, or a PDF file that is automatically attached to an outgoing email. Landtech version 2012.01.0017 now adds full scheduling functionality for the Custom Reports in addition to the existing scheduling for built-in Landtech Reports. This means that every business report that you want can be scheduled to print at off-hours, digitized as a PDF or XML file, and then emailed to interested parties. You can also set Landtech to open up Excel automatically when the report is generated. Please Contact us here for more information.

May
30

Pick only once from Multiple Business Sources

These days we get our business from whatever sources we have, and it’s important to track these sources for numerous reasons. This recently added Landtech feature has made it even easier! You can now select a source from any database while you’re in the HUD Page 1 General Information dialog box without having just one database to select from. Now it’s even easier to keep an eye on who is feeding you business and, equally important, who’s not.

Apr
03

Landtech’s Automated File Scanning can help

For several years now, Landtech has included the ability to create images of all Landtech documents and post them to a file location of your choice. If you want, Landtech will even create the destination folder for you automatically. You can also open your favorite scanning software from within Landtech to scan any received documents and add them to the scanned folder for any closing file.

The features of Landtech are practically endless. Every brand of closing software uses particular terms to describe their features. We recently replaced very expensive underwriter-backed closing software for a law office and were asked about Landtech’s “Scan to file” capabilities. It took a minute to figure out the meaning of that buzzword phrase and then we realized that this has been a Landtech feature for years now, but we didn’t think to give it a proprietary name. Whatever you name it, this Landtech attribute is very attractive to users and, of course, it’s part of Landtech at no extra charge. When Landtech is installed, it is complete, and there are no optional features that have to be purchased in addition to the software. If you are using software other than Landtech, please inquire about the Landtech version of capabilities that you like in your present software, and see how we are better by utilizing true one-time entry. Please Contact us here for more information.

Jan
06

Landtech is NAIC compliant!

The National Association of Insurance Commissioners (NAIC) has added a new reporting requirement for Title Agents, requiring that the Property Type (either residential or non-residential) must be provided for each reported title policy. Landtech XML version 2011.01.0030 added this feature to the existing Landtech program as a drop-down menu in the Title Insurance dialog box. Different title underwriters have different ideas about whether the Property Type has to be reported on the forms as well. We are waiting to hear from several of them. Westcor Land Title Insurance is the only underwriter to request a change on the title policy forms themselves. Any title forms that are updated with this feature will be available on the Landtech Forms web site. To update your Landtech program to add the Property Type feature, from within Landtech program, click on Online, Check for Updates and download and install the latest version of Landtech, and then download the updated forms.

Oct
17

Landtech – America’s lowest cost complete settlement system!

That’s right! Landtech software is the lowest cost full real estate closing system in the country. There are no modules to purchase, no documents to buy, no extra features that you have to opt-in or opt-out of – one complete and seamless suite of software geared to your closing needs, whatever they may be. We are independent software developers and completely responsive to our large base of customers. From the first commitment to the final policy, disbursing the funds, reconciling the trust accounts, generating business reports and electronic 1099S reporting directly to the I.R.S., Landtech’s true one-time entry will be your best friend.

People who have spent hundreds or thousands of dollars more for inferior closing software than  they would have spent to acquire Landtech sometimes think that a dynamic, thorough software program such as Landtech would have cost more money than the software that they are stuck with. Don’t make that mistake. If you already did, we can work with you on a trade-in credit when you make the decision to move up to Landtech. The solution to choosing good software is simple.

Closing software is an important part of your future in the land title business. When choosing new or replacement software, ask to create a closing file or ask the sales person to show you how to process a closing file based on how you like to proceed. Stay away from time-limited “trial” software. The fewer keystrokes and mouse clicks the better; settle for nothing less than true one time entry. With good software you don’t have to hand-calculate your recording fees or title calculations anywhere in America, you don’t have to input the GFE items twice, you should be able to quickly make your closing statement develop right in front of you; no pop-up HUD viewer necessary. “Like a HUD” isn’t the same as the fillable dynamic HUD form in landtech. Check for limits on the number of closing files, settlement agents, databases for Escrow accounts, Lenders, Mortgage Brokers, Realtors, Sales Reps, Closers, etc. Look to see if you can easily convert from a Non-GFE HUD to a GFE HUD and vice versa. Make sure you can easily access the software remotely. Test its feel, its “user-friendliness”; “user-friendly” is very subjective but it should be part of your decision about which product you like best. Ask for references and use them to ask questions about the technical and closing support. Check the company’s length of time in software development, check their ownership or management and look at their track record of forward development. To Landtech, it’s all about the customer; to some others, it’s all about the premium.

Jul
29

New Multi-State HUD Layouts and LDE title docs

New multi-state layouts/templates have been added to the document Subscription site along with additional title documents in Landtech Document Editor format for fast and easy merge printing on the fly. The templates contain the language and signature lines printed at the bottom of documents printed or emailed from the Print-Documents menu in Landtech.This includes the HUD forms and other closing documents. Fix up the bottom of your HUD closing documents by downloading new templates from www.landtechforms.com today! If you download the initials-only templates you will find a couple of HUD Signature Page forms either in Word or in Landtech Document Editor format. We have also just uploaded Old Republic National Title’s commitment, policy and endorsement forms for Florida Old Republic agents done in the Landtech Document Editor (LDE). Imagine – you can import your title work electronically from any underwriter and produce a title commitment in mere seconds – without ever leaving Landtech! If you are not a Subscriber, you can go to the Landtech document site and preview these templates and other Landtech documents and enhancements.

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