1099 Season is Here

1099 Season is Here

We wanted to Inform you of some updates to Turbo Title that are now available to support changes in the IRS code for 2017.  Also, we have added features to make your job easier!

  • Turbo now creates your complete 1099.  When printing you will no longer need the preprinted form.  Turbo now creates it for you.
  • We have also added a foreign entity section to the 1099 and Substitute 1099 forms.
    • An update 1099 substitute form including foreign entity is available here.
  • There is a new MaskTIN field in Doc Designer for better security

For 2018 – We are adding an option to email 1099s at the end of the year rather than mail. For this you will need:

  • Per IRS requirement, a signed form granting permission to email the 1099.
  • A valid email address for the recipient.

A 1099 email authorization form is available here.

New 1099 Fields

To email your 1099, highlight the 1099 you are wanting to email, then select File in top left corner, the email option is under print option.

We appreciate the support we receive from our customers and look forward to working with you into the future.

Thank you and Happy New Year!

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January TurboTitle Update

Turbo Title 5.3 (Build 11.12.2.0) includes several updates. With these updates the new property type underwriting requirements are met. TWRemit has also been updated to reflect these changes. Be sure to update TWRemit to make sure new property types are reflected in your underwriter report, as noted below.

January TurboTitle Update

Included in the January update (Build 11.12.2.0):

  • Supports new property type underwriter reporting requirements.
  • TWRemit has been updated to handle the new requirements as well as the native reporting in Turbo Title. (More information and download below.)
  • Large exceptions are now handled better when printing commitments/policies. Splitting large exceptions into multiple blocks is no longer required.
How to get the update

Updating to the latest build is easily accomplished using the TurboTitle updater. The updater is available to download if you do not already have it.

Updating from TurboTitle 5.0 or earlier.

If you need to update from TurboTitle 5.0 or earlier, please contact us before running the updater.

Capturing Property Type Data

If you have been using Turbo Title as suggested in the Property Type Underwriting Requirements Post then you have been capturing “property type” data in Turbo Title. The underwriter reports internal to Turbo Title will use this new “property type” data when creating underwriter reports. The next section describes how to transfer that data into TWRemit from Turbo Title.

Getting Data into TWRemit

After running the January Turbo Title update, make sure that users running the remittance utility download the updated TWRemit Utility.

After installing build 11.12.2.0, property type data will automatically transfer into TWRemit as policies are printed. However, that data has NOT been transferred prior to this version. Update TWRemit data entered prior to this build by one of the following methods:

  • You can also use “Update Data in Remittance Records” to update all of the active records in TWRemit. (Recommended)
  • You can use “Update Current Record” to bring in fresh data including the property type data for a single record.
  • You can enter changes manually by using the Edit option or double click the grid. Then make the appropriate selection in the “PropType” field and click “OK”.
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Property Type Underwriting Reporting

As you are probably aware the National Association of Insurance Commissioners, beginning January 1st, 2012, is requiring that the Property Type be added to all reported title policies.

You can begin to collect the data with the current version of Turbo Title by using the “Type” field under the “Property” tab in the Order Setup screen.

Select the first option “Residential 1-4” for a file to be reported as Residential property. Use either of the other options (“Residential 5+” or “Commercial”) to report the file as Non-residential.

We are currently working on modifying the underwriter reports and expect to have an update available by the end of the month.

The following screen shot show where to enter the required information:

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November TurboTitle Update

TurboTitle 5.3 includes several updates. We’ve created a simple new way for you to set signature and acknowledgment blocks once for each file and have them automatically merged into each of the desired documents. Creating templates for common Signature and Acknowledgment formats will make adding them to a file quick and easy.

The November release (Build 11.11.1.0) includes the following updates:

Docs:

  • Acknowledgement & Signature blocks – Allows user the ability to create an Acknowledgement & Signature block that can be used on all forms in a file without cut & paste.

1099:

  • Updated for 2011 tax year

HUD:

  • Page 1 now has signature printing option.
  • Can now turn off page numbering when printing.
  • 901 Per Diem now accepts 4 decimals.
  • Added the ability to edit HUD Page 3 Loan Term Amount when Reverse Mortgage is checked.
  • Fixed Page 2 roll-up calculation problem.

Policy:

  • Fixes bug where depth of exception printing (line counting before overflow) was not predictable.

Disbursement:

  • Payee now supports 60 characters.

How to get the Update

Updating to the November build is easily accomplished using the TurboTitle updater. The updater is available to download if you do not already have it.

Updating from TurboTitle 5.0 or earlier

If you need to update from TurboTitle 5.0 or earlier, please contact us before running the updater.

 

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June TurboTitle Update

The June release (11.5.2.4) includes a fix for a rare case where the HUD displays incorrect totals when two users attempt to modify the same HUD under certain conditions. The complete list of new features and fixes is as follows:

General
  • Added new REPC fields in Order Setup
  • Added ‘File List By Important Date’ Report
  • Added new ‘Listing’ Todo type
  • Departments can now be de-activated
  • Added ability to copy names from the File Finder into the current file
  • Added the ability to fix spell check problems with the legal description
  • Fixed problem emailing error log
  • New property information is now added to log file

Turbo Policy

  • Policy Notes field is now available in Doc Designer

Turbo Escrow

  • Fixed rare case which may cause Hud calculation problems
  • Added addendum lines to Hud Page 1 (See 200/500 sections)
  • Added the ability to print a receipt from a deposit (Learn more)
  • Added 95% rate to Premium Calculator
  • 901 per diem amount now supports 4 decimal places
  • 1000 section monthly amounts now support 4 decimal places
  • Fixed placement of POC form
  • Fixed various issues with Hud Page 3

Scanning and Archiving

  • Fixed PDF import bug
  • Fixed dead annotation toolbar in scanning

How to get the Update

If you have already upgraded your installation to TurboTitle 5.1, updating to the April build is easily accomplished using the TurboTitle updater. The updater is available to download if you do not already have it.

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Receipt Printing

You can now print deposit receipts from TurboTitle. This can be especially useful for situations where you receive funds outside of closing, such as receipt of earnest money. To print a receipt, simply select a deposit in the disbursements section and click the new “Print Receipt” item on the left hand menu.

Before printing a receipt, you’ll need to create a template.  We have a starter template available in the Turbo Document Repository, titled TW-Receipt.TD.  Place this document in your server’s TTW/Standard directory.  You may create a receipt from scratch, or edit the template, by opening the Doc Designer and selecting Design > Standard Docs > Design Receipt.

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April TurboTitle Update

The April release (11.3.2.1) includes the following updates:

General

  • Recording Doc Date now editable
  • Client List can now be printed
  • Client list can now be sorted by column
  • Property Search remembers previously used index
  • Property Search goes to the file when enter is pressed
  • Added Central Bank positive pay format
  • Fixed issue where printing a package started with a blank page

Turbo Policy

  • Doc print dialogue allows combining Underwriter PDF files
  • Underwriter policy PDFs now stord as [SharedRepository]/UW/filename.pdf
  • Fixed issue were duplicate printers were added to doc print dialogue

Turbo Escrow

  • Added 55% rate to Premium Calculator
  • Added a “To” comment on line 1102
  • HUD print dialog shows page rendering message
  • Removed parenthesis from lines 303 and 603 when negative
  • Fixed F6 problem for amount fields on page 1
  • Fixed spelling and punctuation typo on page 1

Scanning and Archiving

  • Drag and drop stamps in scanning
  • Scan can now import PDFs

How to get the Update

If you have already upgraded your installation to TurboTitle 5.1, updating to the April build is easily accomplished using the TurboTitle updater.

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Using a Network Scanner with TurboTitle

TWScanTran

If you use a network scanner in your office, the TWScanTran utility makes it easy to use your network scanner to import files into Turbo.

Setup

Download the utility and install it on a TurboTitle workstation that will remain logged in.  TWScanTran will start itself on future logins.  To start it now and configure it’s settings, launch the utility from the TurboTitle Start folder and click on “Settings.”

TWScanTran Setup Dialog

The TIF directory setting should point to the network directory where the network scanner will save files intended to be imported to TurboTitle.

Optionally, you can set the utility to automatically check for new images on a determined interval.  To enable this feature, check the box labeled “Retrieve New Image Files Automatically” and set the check interval to your desired length.

When you have set the desired settings, click exit.

To hide the TWScanTran menu and click “Hide.”  The scanning transfer utility will continue running in the system tray.  To completely close the utility and stop scanning transfers, click “Stop & Close.”

Saving the Scanned Images

TWScanTran checks the files in the specified network directory and looks for files named with TurboTitle order numbers.  To save a scanned image to a particular TurboTitle order, simply save it with the same name as the order.  TWScanTran will automatically remove the scanned image from the network directory as it copies it into the TurboTitle database.

Example:  To save a file to the order UT-12345 save the image as “UT-12345.tif”.

TWScanTran will also allow you to add a scan bookmark name to the scanned image.  When saving the scanned file, add a space after the TurboTitle file number, followed by the name.  The name must be one of the pre-configured document names in TurboTitle.

Example: To save an imgae to the order UT-12345 and name it as a Quick Claim Deed, save the image as “UT-12345 QCD.tif”, where QCD is the name used for Quick Claim Deeds in TurboTitle.

 

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January TurboTitle Update

The January release (11.1.4.0) includes the following updates:

  • Create Simplifile packages from previously scanned documents
  • Combine and arrange many PDF’s to create a single PDF
  • Added F6 support to HUD Line 703
  • Fixed an issue with F6 playback
  • Improved HUD page clearing
  • Set Underwiters as active or inactive
  • Added Water Rights Todo items
  • Fixed an issue in scan indexing

How to get the Update

If you have already upgraded your installation to TurboTitle 5.1, updating to the January build is easily accomplished using the TurboTitle updater.

Update to TurboTitle 5.1

This update requires TurboTitle 5.1, which included several database changes. To update to TurboTitle 5.1, call us to schedule an appointment.  The 5.1 update requires a database upgrade which will require all users to be out of Turbo.

See the complete update notes for TurboTitle 5.1

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Using Simplifile with TurboTitle

TurboTitle offers deep software integration with Simplifile E-Recording services.  The following video tutorial demonstrates how to use TurboTitle and Simplifile to make your recordings faster and more efficient.

Continue reading

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