products+services
HUD1CHECK™
Ask any closing agent, and they’ll probably tell you that the #1 reason for missed or delayed mortgage closings is an error with the HUD-1 statement. While the lender and settlement agent are caught in the paper chase, trying to correct and re-issue documents, the homebuyer is stuck waiting for them to figure it all out... meanwhile, losing confidence in the lender with every passing minute.
HUD1CHECK is a unique process that virtually eliminates HUD-1 inconsistencies, allowing HUD-1 statements to be exchanged, securely and electronically, between the lending agent and the settlement agent in a fully collaborative, online environment.
HUD1CHECK uses the secure eLynx Web Posting Service to exchange documents between lender and closer, while providing a simple interface for document approval or rejection.
If errors are noted on the HUD-1 during collaboration, a simple correction can be made and re-submitted electronically in a matter of minutes.
Product Features
HUD1CHECK is specifically designed to expedite the workflow of HUD-1 creation and approval.
- Secure 2-way electronic document delivery through the simple interface of eLynxPRO is as easy to use as email
- On-screen viewing of HUD-1 documents for both lender and settlement agent
- On-screen "Accept/Reject" function with Notes allows lender to return approval and/or corrections
- Real-time status is available to lender and settlement agent throughout the process
Product Benefits
Lender Benefits
The first step toward a collaborative HUD, HUD1CHECK:
- Helps eliminate costly discrepancies with
HUD-1 documents - Reduces paper, printing and faxing costs
- Transmits customer data in a SECURE environment
- Maintains audit trail of the transaction
Settlement Agent Benefits
- Eliminates costly, time-consuming faxing of documents
- Verified HUD-1 acceptance prior to closing
- Convenient electronic interface - requires no training
Homebuyer Benefits
- Safeguards homebuyer’s confidential information during transit
- Reduces the risk of delayed or canceled closings
More Information
Click here to contact an eLynx Sales Manager to schedule a personalized demonstration.