SoftPro is a web application that facilitates the supervision of real estate escrow, title, and closing services. The application works to the benefit of real estate managers as it enables them to handle multiple activities within the application to make the business run smoothly without any hitches. Some areas where the application comes in handy include accounting, reporting, and the management of various tasks and workflows. The title company software facilitates the automation of processes and customization of documents to meet the set compliance levels. Additionally, the application enables the integration of various processes, including notaries, underwriters, and so much more, with its three main plans being select and hosted, standard, and support Windows.
Benefits of SoftPro web application
The SoftPro application has several advantages for the real estate business because it is effective in managing the various aspects of the business. First, the application streamlines the escrow documentation, facilitating the easy generation of commercial and residential closings with the click of a button, thereby minimizing unnecessary paperwork. Additionally, the web application simplifies administration by automating various tasks, such as updating orders. Also, the web application users receive a personalized dashboard with custom work areas, reports, and business insights. The overall effectiveness of the whole system enables the business to make better decisions from the collected reports. The key features of the web application include the following:
- Closing, Title, and Escrow production
The title company’s software allows real estate managers to monitor and manage the entire process from start to finish. Additionally, several documents are at their disposal with a few clicks, such as HUD-1 settlement statements, ALTA settlement statements, SDF, title commitments, and more. The availability of the document templates makes it easy to print them and populate the data in the desired locations. The managers also get settlement statements that enable them to generate individual reports for the concerned parties, such as the buyers and sellers. They are available with the Select and Hosted plans. Also, the title company software has a multi-user option, making it easy for multiple people to access and handle orders simultaneously while constantly communicating through chat tools available in the select plan.
The accounting department is critical in every business as it records the money received and spent by the business. The web application records every transaction maintains a ledger and prints for easy reconciliation and auditing procedures. The various title company software add-ons under this feature include ProTrust accounting, which generates reports to identify duplicate transactions and other accounting errors. The following add-on is positive pay, which aids in preventing unauthorized checks through the compilation of cleared checks in a file within a set date range and sent to a bank for authorization purposes.
One of the essential features of the Softpro web application is reporting, where users have at their disposal 100 built-in templates. The templates are custom-made and make it easier to generate recurring reports and guide business decision-making through the detailed reports collected and provided by the software.