Patent ID: 8688569

Claim:
A computer-implemented method for post closing and custody services, wherein the method is executed by a programmed computer processor which communicates with one or more post closing users via a network, the method comprising: imaging, by a document custodian using at least an imaging device, and storing in a database, at least a portion of loan documents shipped directly from a closing agent to the document custodian upon closing of a loan, wherein the document custodian is a separate entity from the closing agent at a different site, and the document custodian maintains custody for safekeeping of the loan documents and determines compliance for securitization; performing, by the document custodian using at least the programmed computer processor, a custody review of the loan documents to identify exceptions and log the exceptions in the database prior to other post closing services associated with the loan; and providing, by at least the programmed computer processor, the one or more post closing users remote access to the one or more of the imaged documents stored in the database via the network to enable the one or more post closing users to concurrently conduct post closing services after the custody review by the document custodian, thereby enabling the avoidance of redundant review of loan documents by the document custodian and post closing users.