The Risks of Outsourcing Real Estate Closings to Title Companies

Reasons Attorneys Outsource Closings Not enough manpower to manage the closing.

Lack of knowledge of closing procedures.

Save time over scheduling and facilitating closings.

Belief that title companies are better equipped to handle the closing than they are.

TRID compliance fears.

The Risks of Outsourcing Closings Poor Quality of Service

Profits Going Out the Door

Lack of Control Over Process

Loss of Client Trust and Client Abandonment

Poor Quality of Service Closings that are outsourced to a title company may

suffer from poor quality of service.

Clients won’t get the same level of personal attention they expect.

Attorney has no control over how the client is treated or how the process is managed.

Process is unlikely to meet the attorney’s same standards of service.

Profits Going Out The Door Attorneys can make an average of $450 per closing.

Outsourcing closings are a direct loss of profits for the attorney.

Attorneys are still doing most of the work by reviewing documents and advising the client.

Lack of Control Over Process Outsourced closings remove attorney control over

the process, but not responsibility for accuracy of documents and responsibility to the client.

Non-compliant closings may be rejected by the lender.

Attorneys and title companies may be charged fines and penalties for non-compliant documents.

Loss of Client Trust Clients turn to their attorneys for all major life decisions and

changes.

Biggest financial commitment of their life is a home purchase.

Yet attorneys send them to a stranger to complete the process.

Clients may feel put off or rejected and lose faith in their attorney.

Client abandonment is a real possibility.

TRID Compliance Fears No margin for error in closing documentation and

data submission.

Attorneys who have never managed closings before think they can’t do it now.

Fines and penalties are too severe to risk trying something new.

The Time to Bring Closings In-House is Now

Risks are too great to hand closings off to someone else.

Only way to ensure quality of service and 100% compliance with rules is to manage the process in-house.

New forms and documents are much more transparent and easier to manage than old forms.

EasyCDF is Designed for Solo Practitioners and Small Firms

EasyCDF is a complete real estate closing software solution.

Follow the prompts to go through a closing step-by-step.

100% compliance with TRID is guaranteed.

More affordable than hiring additional staff.

It’s as easy as filling in the blanks.

EasyCDF Keep Closings In-House

Reduce Closing Time By 70%

Boost Firm Profits

Add to the Firm’s List of Services

Retain Client Trust

Reserve EasyCDF Today Contact Easy Soft at 1-800-905-7638 or

info@easysoft-usa.com.

Pre-order EasyCDF for delivery in June.

Rest easy knowing you’re in full compliance on August 1.