← All workflows

Alta Settlement Statement

Draft Balanced ALTA Settlements in Minutes

12 minutes with CaseMark

Fast lane

We have it from here.

Choose the fast one-off run here, or jump into the workspace when you want saved history, revisions, and a fuller matter workflow.

Run this once here

Best for a quick one-off job. Add your email, upload the files, and we'll run the workflow and send the result to your inbox.

1. Add your email so we know where to send the result.

2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

Use in Workspace

Best for ongoing matters

Save and reopen matters, keep documents together, refine the output, rerun with changes, and export or share polished work product when you're done.

Open in Workspace

Need more context?

Scroll for the workflow details below if you want to review what this run handles, what documents help, and what the output looks like.

If this is part of a live matter, the workspace is the better fit: you can keep your documents together, revisit the result, and keep working without starting from scratch.

Jump to detailsOpen in Workspace

Start here

Run this workflow now

Best for a fast one-off run. Add your email, upload the files, and we'll deliver the result without sending you into the full app.

Workflow

Alta Settlement Statement

Step 1 · Deliver to

Step 3 · Run this workflow

Workflow

Alta Settlement Statement

Overview

CaseMark's ALTA Settlement Statement skill automatically drafts mathematically balanced closing statements for U.S. real estate transactions. By cross-referencing your purchase agreement, title commitment, loan documents, and payoff statements, it allocates every debit and credit between buyer and seller with precise proration calculations. The result is a professional, ALTA-compliant settlement statement ready for closing review.

Preparing ALTA Settlement Statements manually requires painstaking extraction of figures from multiple documents—purchase agreements, loan packages, title commitments, payoff statements, and tax records. A single arithmetic error or misallocated charge can delay closings, trigger compliance issues, and erode client confidence. The process is time-intensive and leaves little margin for error.

CaseMark automates the entire settlement statement drafting process by intelligently extracting and cross-referencing data from all closing documents. The AI allocates costs per contract terms, calculates prorations to the day, and enforces mathematical balance verification—delivering a polished, ALTA-compliant statement that settlement agents and attorneys can review and finalize with confidence.

How it works

  1. 1. Upload your purchase agreement, loan documents, title commitment, payoff statements, and supporting records

  2. 2. AI extracts key figures—sales price, loan amounts, payoffs, tax prorations, fees, and commissions—and allocates each to buyer or seller

  3. 3. Review the fully balanced ALTA Settlement Statement with itemized debits, credits, and proration calculations

  4. 4. Export the finalized settlement statement in your preferred format (DOCX, PDF)

What you get

  • Header Block with Settlement Details

  • Seller's Transaction (Credits, Debits, Net to Seller)

  • Buyer's Transaction (Debits, Credits, Net from Buyer)

  • Proration Schedule

  • Balance Verification Summary

What it handles

  • Mathematically balanced buyer and seller columns with automatic balance verification

  • Proration calculations for taxes, HOA dues, and prepaid items based on closing and disbursement dates

  • Comprehensive payoff integration including existing mortgages, liens, and per diem interest

  • Lender fee allocation with prepaid items, escrow reserves, and origination charges

  • Transfer tax, commission, and title insurance cost allocation per contract terms

  • Cross-referenced header block with property, party, and settlement agent details

Required documents

  • Purchase and Sale Agreement

    The executed purchase agreement specifying sales price, earnest money, seller concessions, and cost allocation terms

    .pdf, .docx

  • Title Commitment

    Title commitment showing premiums, endorsements, and exception items requiring payoff

    .pdf, .docx

  • Loan Documents

    New loan package including loan amount, lender fees, origination charges, and prepaid item requirements

    .pdf, .docx

  • Payoff Statements

    Existing mortgage and lien payoff statements with current balances and per diem interest rates

    .pdf, .docx

Supporting documents

  • Tax Records

    Current year property tax amount, payment status, and last paid date for proration calculations

    .pdf, .docx

  • HOA Documents

    HOA dues schedule, transfer fees, special assessments, and estoppel certificate

    .pdf, .docx

  • Commission Instructions

    Brokerage commission agreement specifying total commission amount and listing/selling agent split

    .pdf, .docx

Why teams use it

Eliminate manual calculation errors with automated balance verification across buyer and seller columns

Reduce settlement statement preparation time from hours to minutes with AI-driven document extraction

Ensure compliance with ALTA standards and accurate proration calculations for every closing

Streamline complex multi-lien, multi-payoff transactions with automatic per diem interest and fee allocation

Questions

How does CaseMark ensure the settlement statement balances correctly?

CaseMark enforces dual-column balance verification: seller credits minus debits must equal cash to seller, and buyer debits minus credits must equal cash from buyer. The AI flags any discrepancies before finalizing the statement.

Can this handle proration calculations for taxes and HOA dues?

Yes. CaseMark automatically calculates prorations based on the closing and disbursement dates you provide, handling both arrears and advance payment scenarios for property taxes, HOA dues, and other prepaid items.

Does this replace a HUD-1 Settlement Statement?

The ALTA Settlement Statement is the industry-standard successor to the HUD-1 for most residential and commercial closings. CaseMark generates an ALTA-compliant statement that serves the same purpose with updated formatting and compliance.

How does CaseMark handle multiple payoff statements and liens?

CaseMark processes multiple existing mortgage payoffs, second liens, judgment payoffs, and other encumbrances simultaneously, including per diem interest calculations through the disbursement date for each obligation.

Can I customize which costs are allocated to buyer versus seller?

Absolutely. CaseMark follows the cost allocation specified in your purchase agreement, but you can review and adjust any line item allocation before finalizing the statement.

What if my transaction includes seller concessions or repair credits?

CaseMark accounts for seller concessions, repair credits, and earnest money deposits as specified in the purchase agreement, properly reflecting them as credits to the buyer and debits against the seller.

Related

Access and Indemnity Agreement (Due Diligence)

Draft Property Access Agreements in Minutes with AI

Access Indemnity Agreement

Draft Access & Indemnity Agreements in Minutes

Ad Fund Agreement

Draft Ad Fund Agreements in Minutes, Not Hours