Method & system for managing and preparing...

Details Method & system for managing and preparing... Method & system for managing and preparing...

2003-10-06

2010-06-22

Augustin, Evens J (Department: 3621)

Data processing: financial, business practice, management, or co

Business processing using cryptography

Usage protection of distributed data files

C705S052000, C705S068000, C705S034000

Reexamination Certificate

active

07742991

ABSTRACT:
A method and system for preparing and managing real estate transfers and financing, including a system for preparation, production and storage of relevant documentation and the data contained therein; a system for coordinating, reconciling and transferring funds; and a system of analyzing and tracking the progress of numerous real estate transactions. The invention uses a database to minimize the redundancy involved in the preparation of all documentation needed for real estate closings. Information input into the database is used to generate the documentation necessary to complete real estate transfers, including all forms required by relevant financial institutions and government agencies. Such documentation includes handwritten signatures, which are digitally scanned and incorporated into the documents. Also, ancillary documentation can be scanned into the system and combined with other customer data and documentation. Thus a “closing package” can be compiled which contains electronic versions of virtually any document needed for closing a real estate transaction. Further included are scheduling features for coordinating one or many real estate transactions and management reporting for keeping track of a plurality of real estate transaction.

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