Electronic closing
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United States of America Patent
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Oct 29, 2013
Grant Date -
N/A
app pub date -
Dec 9, 2003
filing date -
Dec 9, 2002
priority date (Note) -
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status (Latency Note)
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Abstract
An electronic closing platform facilitates provision of a variety of closing services for lenders, closing agents, borrowers or other parties to closing transactions. Electronic quality control procedures are invoked for closing data and documents whether they are in electronic or paper form. The platform is independently accessible and therefore accommodates data sharing between mortgage industry participants. Electronic signature capabilities, including a batch signing functionality, and tamper evident sealing after signing accommodate improved processing and system integrity. Additional features include registry filing, an electronic vault for storing electronic documents, and electronic recording.
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