System and method for electronic transmission storage and retrieval of ...

FIG. 6b

DOCUMENT AUTHENTICATION
SYSTEM LOAN TRANSACTION

CHART STEPS

Step 1. J Complete Certification Authority code generation

and card issuing to parties transferring the documents
establishing legal evidence trail. Equip parties to
transmit and receive documents

I

Step 2. J Bank/Mortgage Co. loads and electronically transmits documents to Authentication Center which forwards to Title Co./Closing Agent

I

Step 3. | Authentication Center transmits documents to

Title Co./Closing Agent

I

Step 4. | Title Co./Closing Agent has documents executed

by digital siganture by Homebuyer/Homeowner

I

Step 5. J Title Co./Closing Agent provides Homeowner/

Homebuyer with "Hard Copy" of signed documents

I

Step 6. J Title Co./Closing Agent transmits documents to Authentication Center which dates and time stamps the executed documents and forwards documents to Bank/Mortgage Co. * Whenever Bank/Mortgage Co. needs authentic documents, can retrieve on-line from Authentication Center storage

I

Step 7. | Bank/Mortgage Co. directs authentic documents to be transferred by Authentication Authority to secondary market investor

I

Step 8. J Whenever investor needs authentic documents,

can retrieve on-line from Authentication Center