EscrowTab Mobile Application System and Method

Abstract

The present invention, EscrowTab mobile application system and method comprises automating, reviewing, executing, and transmitting documents used in real estate financial transactions by providing document data visualization on a mobile device allowing for review and execution of financial closing documents, such as promissory notes, deeds of trust and financial documents on a mobile device such as a tablet and relaying these documents to and from the originating financial institution, via means of the internet or dedicated communications media.

1 - 20 . (canceled) 
     
     
         21 . A method for review and execution of electronic documents comprising:
 i. receiving, on a mobile device, one or more electronic documents in PDF format:   ii. overlaying, through a mobile application running on the mobile device, on the one or more electronic documents at least one editable layer, the at least one editable layer fully covering the one or more electronic documents;   iii. presenting, through the mobile application running on the mobile device, a visual display of the one or more electronic documents with at least one editable layer overlaid thereon;   iv. receiving, by the mobile application running on the mobile device, into the at least one editable layer a first signature made by a party on the mobile device by detecting handwriting, by the party, upon the mobile device;   v. receiving, by the mobile application running on the mobile device, into the at least one editable layer of the one or more electronic documents an electronic notary seal of a notary;   vi. receiving, by the mobile application running on the mobile device, into the at least one editable layer of the one or more electronic documents a second signature made by the notary on the mobile device by detecting handwriting, by the notary, upon the mobile device; and   vii. transmitting, from the mobile device, the executed document.   
     
     
         22 . The method of  claim 21 , wherein receiving the first signature comprises detecting, by the mobile application, a digital pen touching the mobile device, thereby emulating a paper-based experience of signing documents. 
     
     
         23 . The method of  claim 21 , wherein the first signature is received into a first editable layer of the one or more electronic documents and wherein the second signature is received into a second editable layer of the one or more electronic documents. 
     
     
         24 . The method of  claim 21 , wherein the first signature and the second signature are received into a first editable layer of the one or more electronic documents. 
     
     
         25 . A method for review and execution of electronic documents comprising:
 i. receiving, on a mobile device, one or more electronic documents;   ii. presenting, through a mobile application running on the mobile device, a visual display of the one or more electronic documents with at least one editable layer overlain thereon, the at least one editable layer fully covering the one or more electronic documents;   iii. obtaining, by the mobile application running on the mobile device, in the at least one editable layer of the one or more electronic documents a first signature made on the mobile device;   iv. obtaining, by the mobile application running on the mobile device, in the at least one editable layer of the one or more electronic documents a second signature made on the mobile device; and   v. transmitting, from the mobile device, the executed document.   
     
     
         26 . The method of  claim 25 , wherein the presenting the visual display of the one or more electronic documents includes scrolling through the one or more electronic documents on the mobile device. 
     
     
         27 . The method of  claim 25 , wherein obtaining the first signature comprises detecting, by the mobile application, handwriting, by a party to the one or more electronic documents, upon the mobile device. 
     
     
         28 . The method of  claim 25 , wherein obtaining the first signature comprises detecting, by the mobile application, a digital pen touching the mobile device. 
     
     
         29 . The method of  claim 25 , wherein the first signature is received into a first editable layer of the one or more electronic documents and wherein the second signature is received into a second editable layer of the one or more electronic documents. 
     
     
         30 . The method of  claim 25 , wherein the first signature and the second signature are received into a first editable layer of the one or more electronic documents. 
     
     
         31 . The method of  claim 25 , wherein the at least one editable layer fully covers each page of the one or more electronic documents. 
     
     
         32 . A method for review and execution of electronic documents comprising:
 i. receiving, on a mobile device, one or more electronic documents;   ii. presenting, through a mobile application running on the mobile device, a visual display of the one or more electronic documents with at least one editable layer overlain thereon, the at least one editable layer fully covering the one or more electronic documents;   iii. obtaining, by the mobile application running on the mobile device, in the at least one editable layer of the one or more electronic documents a first signature made on the mobile device; and   v. transmitting, from the mobile device, the one or more electronic documents, including the at least one editable layer containing the first signature.   
     
     
         33 . The method of  claim 32 , wherein the presenting the visual display of the one or more electronic documents includes scrolling through the one or more electronic documents on the mobile device. 
     
     
         34 . The method of  claim 32 , wherein obtaining the first signature comprises detecting, by the mobile application, handwriting, by the contracting party, upon the mobile device. 
     
     
         35 . The method of  claim 32 , wherein obtaining the first signature comprises detecting, by the mobile application, a digital pen touching the mobile device. 
     
     
         36 . The method of  claim 32  further comprising:
 obtaining, by the mobile application running on the mobile device, into the at least one editable layer of the one or more electronic documents an electronic notary seal of a notary; and 
 receiving, by the mobile application running on the mobile device, into the at least one editable layer of the one or more electronic documents a second signature made by the notary on the mobile device. 
 
     
     
         37 . The method of  claim 37 , wherein the first signature is received into a first editable layer of the one or more electronic documents and wherein the second signature is received into a second editable layer of the one or more electronic documents. 
     
     
         38 . The method of  claim 37 , wherein the first and second signatures are received into a single editable layer of the one or more electronic documents. 
     
     
         39 . The method of  claim 32 , wherein the at least one editable layer fully covers each page of the one or more electronic documents. 
     
     
         40 . The method of  claim 32 , wherein one of the at least one editable layers fully covers each page of the one or more electronic documents.