Tag Archive: Business Reports

Jul
11

Integration is the future of the Settlement Industry

When laser printers became the standard for our industry somewhere in the nineteen-eighties they were very expensive. An HP LaserJet II printer, producing about 3r 4 pages per minute would usually cost over $3,000.00. Therefore an office had to think about how best to implement this new feature. Some offices chose to have a centralized printer area where all workstations printed to 1 or 2 central laser printers to save costs. Other offices decided to bite the bullet and purchase a smaller laser printer for each desktop so that the processors and closers didn’t have to break their concentration and leave what they were doing to pick up a print job. This turned out to be the most practical solution, especially as laser printers dropped in price.

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
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.