New GFE and HUD-1 in ProClose!!

Date: 12/29/09

The new GFE and HUD-1, as required by RESPA changes effective January 1, 2010, are ready in ProClose. Several components to your software system require an upgrade to receive the screen changes, new fields, forms and calculations. We are offering all clients the option to receive the upgrade anytime as of today.

We realize this is a busy time, due to both the holidays and end of the month closings; however, if you want to get familiar with the forms and screens and do some testing over the next week, we recommend it. Please contact your client service representative to receive the upgrade. Depending on your set up and the extensive additions, it may require your tech support. If you want to wait to receive the updates, they will be available to download Tuesday January 5th, 2010. Please note, the old version of the HUD-1 will remain available with its current form ID AAHUA1. The new form IDs are AADIH1 (2010 HUD-1) and AADIG1 (GFE).

If you are NOT quite ready for the upgrade and incorporating the new changes into your ProClose system, we can still provide help. At your convenience, watch our GFE tutorial and our HUD tutorial, created by our ProClose Client Support staff. Our GFE and HUD-1 tutorials are specific for completing and/or reviewing the forms in the ProClose system. White papers are also available which match the blanks on the forms with the new fields in ProClose:

New GFE Form
New GFE ProClose Screens
New HUD-1 Form
New HUD-1 ProClose Screens

While we tested the forms and system extensively, we expect a few changes, fixes and upgrades over the next few weeks. Some LOS systems are still making changes too, so we are working fast to incorporate their changes as well. If you choose to see the components and forms now, we want your feedback! Through the use of ProClose Answers, you can even log a case about testing and see solutions to questions as they are added. Now is the perfect time to ask questions, make suggestions and learn as much as you can before the actual deadline.

Continue to enjoy your holidays. Best wishes on an easy RESPA transition. We are here when you need us.

Sincerely,

Your MBS Compliance Team
www.ProClose.com