Method and system for managing and preparing documentation for real estate transactions
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United States of America Patent
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Sep 24, 2013
Grant Date -
May 3, 2012
app pub date -
Nov 11, 2011
filing date -
Dec 30, 1999
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system, method and computer product for facilitating closing of a loan is provide. In one embodiment, the method comprises receiving transaction information for the loan, storing the transaction information in a memory, preliminarily compiling one or more electronic documents with at least some of the transaction information, outputting for review by a first party to the loan, the one or more preliminarily compiled electronic documents, receiving an electronic signature indicating approval of at least one of the preliminarily compiled electronic documents by the first party, maintaining one or more financing terms associated with the loan, outputting electronic closing documents for the loan that comprise the at least one preliminary compiled electronic document with an electronic signature, and one or more documents sufficient to contractually bind the first party to the loan.
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