Paperless mortgage closings

• US 8,442,920 B1
• Filed: 03/14/2012
• Issued: 05/14/2013
• Est. Priority Date: 02/10/2004
• Status: Active Grant

• Current Assignee: Citrin Holdings LLC, Secure Ink LLC (Jeffrey M. Gross)
• Original Assignee: eMortgage Services, LLC
• Inventors: Rakowicz, Paul, Shanahan, Robert
• Primary Examiner(s): Cheung, Calvin
• Application Number:
  US13/419,539
• Time in Patent Office: 426 Days
• Field of Search: 705/75, 705/7.19, 705/7.21, 705311-316, 715/234
• US Class Current: 705/75
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/3829 involving key management
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06Q 50/167 Closing
• CPC Class Codes: H04L 63/0435 wherein the sending and receiving network entities apply symmetric encryption, i.e. same key used for encryption and decryption cryptographic mechanisms or cryptographic arrangements for symmetric key encryption H04L9/06
• CPC Class Codes: H04L 63/0823 using certificates cryptographic mechanisms or cryptographic arrangements for entity authentication involving certificates H04L9/3263
• CPC Class Codes: H04L 9/3242 involving keyed hash functions, e.g. message authentication codes [MACs], CBC-MAC or HMAC
• CPC Class Codes: H04L 9/3247 involving digital signatures

Abstract

Concepts and technologies are disclosed herein for providing an electronic document processing system, an electronic document generation mechanism, an encrypted digital certificate generator, a tool for coordinating the processing of electronic documents, a packaging mechanism for finalizing and authenticating electronic documents, a tracking log for recording relevant electronic document information, and a transferring protocol for transferring the ownership of electronic documents. The present disclosure also is directed to an electronic authentication system including an electronic document authentication watermark seal or signature line for confirming a document'"'"'s signing within the view. The present disclosure also is directed to a system, software program, and method for generating electronic documents, coordinating the signing of electronic documents, digitally authenticating and certifying electronic documents, and organizing electronic documents for retrieval and transfer in a mortgage closing and/or other financial services application.

Claims

1. A computer-implemented method for providing an electronic mortgage closing, the computer-implemented method comprising performing computer-implemented operations for:

receiving, at a document processing system having a processor, electronic mortgage closing documents associated with an electronic mortgage closing;

identifying, at the document processing system, entities participating in the electronic mortgage closing;

connecting the entities to a document signing session;

providing the electronic mortgage closing documents to the entities in a predetermined order during the document signing session, wherein the electronic mortgage closing documents are provided to the entities for execution of an action representing signing of the electronic mortgage closing documents;

detecting, for each of the entities, execution of the action representing signing of the electronic mortgage closing documents;

finalizing the electronic mortgage closing documents based, at least in part, upon the signing; and

recording a location associated with at least one of the entities, a time associated with the document signing session, and a date associated with the document signing session.

2. The method of claim 1, further comprising generating, at an electronic document creation system, the electronic mortgage closing documents, wherein the electronic mortgage closing documents are generated based, at least partially, upon capturing data corresponding to physical mortgage closing documents using an image capture device.

3. The method of claim 2, wherein the electronic document creation system comprises:

a first server for storing the electronic mortgage closing documents;

a second server for storing information relating to content of the electronic mortgage closing documents; and

a software program for populating the electronic mortgage closing documents with information relevant to the document signing session.

4. The method of claim 2, wherein the electronic document creation system comprises:

an input device for inputting the physical mortgage closing documents; and

software for converting the physical mortgage closing documents into the electronic mortgage closing documents.

5. The method of claim 4, wherein the image capturing device comprises a scanner.

6. The method of claim 2, wherein the electronic document creation system is configured to execute software for importing existing electronic mortgage closing documents.

7. The method of claim 2, wherein the electronic document creation system is configured to execute software for creating new electronic mortgage closing documents.

8. The method of claim 1, further comprising inserting a digital signature in at least one of the electronic mortgage closing documents to provide a digital signature authentication capability for the at least one of the electronic mortgage closing documents.

9. The method of claim 1, further comprising generating digital certificates configured to allow input of personal information, to digitally encrypt the personal information, and to enable use of a digitally secure certificate.

10. The method of claim 1, further comprising coordinating the signing and authentication of the electronic mortgage closing documents to complete the document signing session.

11. The method of claim 10, wherein at least one of the entities connects to the document signing session using a wireless network, and wherein at least one of the entities is authenticated by identifying a wireless generated signal associated with the at least one of the entities.

12. The method of claim 10, further comprising modifying one or more of:

content of the electronic mortgage closing documents;

the predetermined order in which the electronic mortgage closing documents are presented and processed;

an operation of the document processing system;

requirements associated with the document signing session; and

variables associated with operations of the document processing system.

13. The method of claim 10, further comprising restricting access to the document processing system and allowing entities associated with the document signing session to access the document processing system.

14. The method of claim 1, further comprising:

determining if the signing and authenticating process has been completed by the entities; and

certify the electronic mortgage closing documents in response to determining that the signing and authentication process has been completed by the entities.

15. The method of claim 1, further comprising storing the electronic mortgage closing documents, a plurality of electronic signatures corresponding to the entities, and data indicating that the electronic mortgage closing documents have been finalized and authenticated.

16. The method of claim 1, further comprising recording data indicating identities of the entities, and a duration of the document signing session.

17. The method of claim 16, further comprising storing signing and authenticating information with the electronic mortgage closing documents.

18. The method of claim 1, further comprising:

recording data indicating

an identity of an owner of at least one of the electronic mortgage closing documents, and

a location associated with the owner of the at least one of the electronic mortgage closing documents; and

triggering transferring of ownership of at least one of the electronic mortgage closing documents from the owner to a new owner.

19. A computer-implemented method for providing an electronic mortgage closing, the computer-implemented method comprising performing computer-implemented operations for:

receiving electronic mortgage closing documents at a server computer;

determining entities to participate in a document signing session;

connecting each of the entities to the document signing session, the document signing session comprising a session during which the electronic mortgage closing documents are to be signed and authenticated by the entities;

presenting the electronic mortgage closing documents to the entities during the document signing session, the electronic mortgage closing documents being presented to the entities in a predetermined order and the electronic mortgage closing documents being processed in the predetermined order;

coordinating the signing and authenticating of the electronic mortgage closing documents by the entities in the predetermined order;

ending the document signing session;

packaging, finalizing, and authenticating the electronic mortgage closing documents that have been electronically signed; and

recording electronic document information indicating;

identities of the entities,

a location associated with the electronic mortgage closing documents,

a time associated with the document signing session,

a date associated with the document signing session, and

a duration of the document signing session.

20. An electronic mortgage closing document processing system comprising:

a server computer configured to;

receive electronic mortgage closing documents;

associate a digital signature capability with the electronic mortgage closing documents to provide a digital signature authentication capability for the electronic mortgage closing documents;

identify entities participating in an electronic document signing session;

determine that the entities have connected to the electronic document signing session;

provide the electronic mortgage closing documents to the entities, the electronic mortgage closing documents being provided to the entities for execution of an action representing signing of the electronic mortgage closing documents, wherein the electronic mortgage closing documents are provided to the entities in a predetermined order;

receive a plurality of electronic signatures corresponding to the entities, at least one of the plurality of electronic signatures corresponding to the entities being received via a wireless computing device;

store the electronic mortgage closing documents and the plurality of electronic signatures corresponding to the entities;

store information relating to content of the electronic mortgage closing documents; and

populate the electronic mortgage closing documents with information relevant to the electronic document signing session.