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Escrow accommodation system

  • US 8,140,430 B2
  • Filed: 07/27/2001
  • Issued: 03/20/2012
  • Est. Priority Date: 07/27/2001
  • Status: Active Grant
First Claim
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1. An escrow accommodation system comprising:

  • a server configured to facilitate an escrow transaction between;

    a first escrow client subsystem disposed in a first location, said first escrow client subsystem including;

    first software configured to facilitate the escrow arrangement, the first software comprising code configured to run customized escrow applications customized for the first location based on input received from at least one of an escrow agent, a customer, a broker, and another third party;

    a first communication device operable to communicate escrow information based on instructions from said first software, said first communication device comprising a first camera configured to be operated with the first software to facilitate an online videoconference meeting regarding an existing escrow, anda first display; and

    a second escrow client subsystem disposed in a second location, said second escrow client subsystem including;

    second software configured to facilitate the escrow arrangement,a second communication device operable to communicate escrow information based on instructions from said second software, said second communication device comprising a second camera configured to be operated with the second software to facilitate the online videoconference meeting regarding an existing escrow, anda second display;

    wherein the server interfaces with a network thereby connecting said first and second client subsystems, and wherein the escrow transaction comprises a conditional delivery of items from a first party to a third party until certain conditions are satisfied followed by delivery of the items from the third party to a second party;

    and further wherein the first escrow client subsystem is configured to display a list of available escrow companies for performing escrow services and fees associated with available escrow companies, the list of available escrow companies customizable based on at least one of customer data and broker data, and the first escrow client subsystem is further configured to facilitate an escrow opening meeting online between a customer and an escrow company selected from the list of available escrow companies.

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