Managing workflow for closing a real property asset transaction
AssigneeAuction.com, LLC
InventorsJennifer Leuer, John Hood
Life of this patent
Estimating the term…
Abstract
A method for managing closing workflow of a real property asset transaction through use of a computing device is provided. Requests are dispatched to provide information concerning the parties involved in the transaction. Closing-related actions are automatically associated to the identified parties. The actions are automatically scheduled in accordance with a timeline of due dates. The actions and due dates are automatically communicated to the parties, and completion of each action is monitored via networked communication with the parties.
Claims20
A computer-implemented method for managing closing of a real property asset transaction, the method being implemented by a computing device having one or more processors and interfaced with a communications network, the method comprising:
- identifying parties involved in completing the transaction, the parties including at least a buyer and a seller;
- automatically scheduling one or more closing actions to be performed by the buyer and the seller respectively, the one or more closing actions being necessary to finalize the transaction;
- generating a dynamic workflow including the scheduled one or more closing actions;
- transmitting the dynamic workflow to one or more of the parties;
- and
- updating the dynamic workflow upon completion of each closing action.
A system for managing workflow of a closing process associated with a real property transaction, the system comprising:
- one or more processors;
- and
- a memory resource storing instructions that, when executed by the one or more processors, cause the one or more processors to:
- identify parties involved in completing the real property transaction, the parties including at least a buyer and a seller;
- automatically schedule one or more closing actions to be performed by the buyer and the seller respectively, the one or more closing actions being necessary to finalize the real property transaction;
- generate a dynamic workflow including the scheduled one or more closing actions;
- transmit the dynamic workflow to one or more of the parties;
- and
- update the dynamic workflow upon completion of each closing action.
A non-transitory computer-readable medium storing instructions that, when executed by one or more processors, cause the one or more processors to:
- identify parties involved in completing a transaction, the parties including at least a buyer and a seller;
- automatically schedule one or more closing actions to be performed by the buyer and the seller respectively, the one or more closing actions being necessary to finalize the transaction;
- generate a dynamic workflow including the scheduled one or more closing actions;
- transmit the dynamic workflow to one or more of the parties;
- and
- update the dynamic workflow upon completion of each closing action.
Dependencies are inferred from the claim text.