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What is Rekon?

Rekon's leading software solution expertly manages lien releases and assignments, while adeptly accommodating the unique requirements of more than 3,600 recording offices, significantly reducing the chances of errors and their corresponding penalties. The system continuously archives and refreshes all recording standards and ensures ongoing dialogue with local recording offices to promptly incorporate any updates into the software. By automating numerous tasks such as data entry, calculating recording fees, and processing payment checks, the platform enhances overall efficiency. Furthermore, workflows are systematically allocated, and the duration of each work queue is carefully monitored, enabling servicers to assess and optimize employee performance. Given the vast diversity of recording requirements, handling lien releases and assignments manually can result in considerable mistakes and costly delays. Rekon’s advanced technological solution not only simplifies the entire process but also grants servicers complete control over their documentation. This level of sophistication allows servicers to concentrate on their primary duties, assured that their recording tasks are managed with proficiency. Ultimately, this innovative approach not only boosts productivity but also fosters a more streamlined workflow across the board.

What is HUD LITE?

Input settlement charges as either Buyer's or Seller's Expense, and HUD LITE will generate necessary notations and column totals automatically. The software adeptly assigns the correct GFE number for standard entries while also creating entries for the GFE Comparison Page without any hassle. By inputting amounts from the lender's Good Faith Estimate, you can ensure your form is completely set up, ready for generating and printing the Hud-1 Settlement Statement applicable to purchases, new loans, and refinances. Enjoy the convenience of automated entries for the Good Faith Estimate (GFE), and refer to the GFE Quick Start Guide for any needed guidance. The platform guarantees precise calculations and reconciliations for balances related to receipts, disbursements, and net loan proceeds (cash received from the lender). It also automatically compiles a balanced record of deposits and checks while calculating both the Loan Origination Fee and Loan Discount. Any changes made to proration or disbursement dates will prompt recalculations of prorations, loan payoff amounts, and interest due to the lender. Moreover, broker commissions can be entered as either a percentage or a fixed sum, offering even more flexibility. These robust features ensure that the entire process remains efficient and easy to navigate for users. In summary, HUD LITE enhances the settlement process by providing a reliable and user-friendly platform that simplifies complex calculations and documentation.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$179 one-time payment

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Rekon Technologies

Date Founded

1994

Company Location

United States

Company Website

www.rekon.com/rekon

Company Facts

Organization Name

Alta Star Software

Company Website

www.hudlite.com

Categories and Features

Mortgage and Loans

Document Management
Government Loans

Categories and Features

Mortgage and Loans

Closing Documents
Government Loans
Loan Origination
Refinance Management

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