The next great leap will be into Web - based transaction platforms and networks that'll facilitate online transaction management and
electronic transaction closings.
Not exact matches
At the
close of the day, an
electronic message is sent to Leff's computers, along with all the other
transactions of the day.
Built by attorneys for attorneys, Doxly's secure cloud - based platform automates workflows for diligence and
closing checklists, provides
transaction - specific analytics and reports, enables legal teams and clients to collaborate on documents, automates
electronic signature collection and archives
transaction - related information to create digital «
closing books» in a secure and trusted environment.
The
closest thing to cryptocurrencies is credit cards because they also facilitate
electronic transactions.
A
transaction management system, by the way, is an
electronic method for tracking all the components of a
transaction from listing agreement to
closing.
Electronic signature and authorization systems technology allows buyers, sellers, lenders, title agents and other parties to a
transaction to remotely review, revise and approve documents using a computer or mobile device — helping you avoid stress - inducing bottlenecks and speeding the path to
closing.
It wasn't uncommon to hear talk of eventually achieving all -
electronic transaction processing that could speed
closings to a matter of days or hours rather than weeks.
EM: For starters, the fact that we're
closer and
closer to an
electronic transaction — they need to start preparing themselves now.
Stuart Wolff: For our purposes, e-commerce is an
electronic real estate
transaction, from contract to
close, that will probably take place over the Internet.
When President Clinton signed legislation this summer granting legal status to
electronic signatures, he opened the door for virtual
transactions, from listing through
closing.
Federal lawmakers have moved
closer to passage of an
electronic signature bill, the first step toward making possible online contractual
transactions, including those involving real estate.
As e-commerce takes hold, consumers will be able to receive and review disclosure and inspection reports; track the progress of appraisals, repairs, and other
transaction - related events; and even affix a secure and reliable digital signature to
electronic loan and
closing documents.
Fully
electronic closings can be achieved with maximal co-operation among all participants in the
transaction.