Patent ID: 8543514

Claim:
A system for facilitating a closing of a real estate transaction, the system comprising: a processor; and a memory operatively coupled to the processor, the memory having storage adapted to store real estate transaction information, and the memory having computer-executable instructions which, when executed by the processor, cause the processor to: receive, from a computer, a real estate transaction information for a real estate transaction, wherein the real estate transaction information comprises information identifying a first party to the real estate transaction and information identifying a property of the real estate transaction; store the real estate transaction information in the memory; preliminarily compile one or more electronic documents with at least some of the real estate transaction information; output, to a computer, the one or more preliminarily compiled electronic documents, wherein the output of the one or more preliminarily compiled electronic documents causes a display of at least a portion of the one or more preliminarily compiled electronic documents on a display screen for review by the first party; receive, from a computer, an electronic signature indicating approval of at least one of the preliminarily compiled electronic documents by the first party; maintain, in the memory, one or more financing terms associated with a loan to be obtained at the closing of the real estate transaction; receive, from a computer, a digital image of at least one ancillary document; and output, to a computer, electronic closing documents for the real estate transaction that comprise: said digital image of at least one ancillary document; said at least one preliminarily compiled electronic document with an electronic signature; and one or more documents sufficient to contractually bind the first party to the real estate transaction.