Patent ID: 8024261

Claim:
A method for electronically facilitating a loan closing transaction, the method implemented on a suitably programmed computer comprising a processor, a data repository, and a user interface, the method comprising: receiving loan information for the loan closing transaction from at least one preliminary loan service; automatically ordering sub-transactions related to the loan closing transaction; generating an interactive loan closing form including the loan information for the loan closing transaction; storing the interactive loan closing form; updating the interactive loan closing form; and generating, via the processor, at least one loan closing document based upon the interactive loan closing form, wherein updating the interactive loan closing form includes: receiving a change of at least one entry in the interactive loan closing form; receiving authorization by a designated party for the change, wherein the designated party is customized based upon the loan closing transaction; entering the change in the interactive loan closing form; storing the interactive loan closing form; and presenting the interactive loan closing form with the change via the user interface.