← 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 verified accuracy. The result is a professional, ALTA-compliant settlement statement ready for closing review.

Preparing ALTA Settlement Statements manually requires painstaking cross-referencing across purchase agreements, title commitments, loan documents, payoff statements, and tax records. A single calculation error in prorations or payoff figures can delay closings, create liability exposure, and erode client confidence. The process often takes hours of careful work, and even experienced closers must double-check every figure to ensure both sides of the statement balance.

CaseMark automates the entire ALTA Settlement Statement drafting process by extracting figures from your uploaded closing documents and intelligently allocating costs between buyer and seller. Built-in balance verification ensures that both transaction columns reconcile before you finalize, eliminating the risk of mathematical errors. The result is a professional, closing-ready settlement statement produced in a fraction of the time.

How it works

  1. 1. Upload your purchase agreement, title commitment, loan documents, payoff statements, and closing details

  2. 2. AI extracts key figures and calculates prorations, payoffs, fees, and cost allocations between buyer and seller

  3. 3. Review the balanced ALTA Settlement Statement with automatic verification that debits and credits reconcile

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

What you get

  • Header Block with Settlement Details and Party Information

  • Seller's Transaction — Credits, Debits, and Net Cash Due

  • Buyer's Transaction — Debits, Credits, and Cash Required

  • Proration Schedule with Per Diem Calculations

  • Balance Verification Summary

What it handles

  • Mathematically balanced buyer and seller columns with automatic balance verification

  • Automated proration calculations for taxes, HOA dues, and prepaid items

  • Complete payoff tracking for existing mortgages, liens, and judgments

  • Lender fee allocation including origination, prepaid interest, and escrow reserves

  • Transfer tax, commission, and title charge breakdowns by party

  • Cross-referenced output against purchase agreement, title commitment, and loan documents

Required documents

  • Purchase and Sale Agreement

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

    .pdf, .docx

  • Title Commitment

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

    .pdf, .docx

  • Loan Documents

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

    .pdf, .docx

  • Payoff Statements

    Payoff statements for existing mortgages, liens, and judgments with per diem interest rates

    .pdf, .docx

Supporting documents

  • Tax Records

    Current year property tax amount, payment status (arrears vs. advance), 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 showing 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-powered document cross-referencing

Ensure ALTA compliance with properly structured output covering all required line items and disclosures

Streamline complex proration calculations for taxes, HOA dues, and prepaid items using accurate per diem computations

Questions

How does CaseMark ensure the settlement statement balances correctly?

CaseMark enforces mathematical balance verification on both sides of the transaction. It confirms that seller credits minus debits equals cash to seller, and buyer debits minus credits equals cash from buyer, flagging any discrepancies before you finalize.

Can this handle complex proration scenarios like taxes paid in arrears?

Yes. CaseMark calculates prorations for property taxes in both arrears and advance payment scenarios, as well as HOA dues, prepaid interest, and other recurring charges. It uses the closing and disbursement dates you provide to compute accurate per diem amounts.

Does this replace the old HUD-1 Settlement Statement?

The ALTA Settlement Statement is the industry-standard replacement for the HUD-1 in most residential and commercial transactions. CaseMark generates a fully compliant ALTA format that satisfies current closing requirements and provides the same level of detail as the legacy HUD-1.

What if the seller has multiple existing mortgages or liens to pay off?

CaseMark handles multiple payoff statements including first and second mortgages, judgment liens, and other encumbrances. Each payoff is itemized with per diem interest calculations through the disbursement date and reflected as debits against the seller's proceeds.

Can I customize which party pays specific closing costs?

Absolutely. CaseMark reads the cost allocation terms from your purchase agreement and applies them accordingly. You can review and adjust any line item allocation between buyer and seller before finalizing the statement.

How long does it take to generate a complete ALTA Settlement Statement?

CaseMark typically generates a complete, balanced ALTA Settlement Statement in approximately 10-12 minutes, compared to the hours of manual calculation and cross-referencing traditionally required. You can then review and make any adjustments before exporting.

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