Imagine a company which combines web-based workflow software with a secure data repository, on top of top-of-the-line storage. Now tailor that software to the real estate market.
Basically a ton of information is being passed around between myself, the sellers, our attorneys, the lender, and my insurance company. It all seems so incredibly inefficient.
What if all the information, whenever it was acquired by any entity in the transaction, was uploaded into a central repository. The uploader could associate various entities with the document, giving them read permission on the data. You'd couple this with CAS (Content Addressable Storage) for privacy and security reasons, obviously. You'd also want this on top of hierarchical storage.
Whenever a document is uploaded, all associated entities are notified and allowed to download the document. A project timeline is maintained, showing the time and date when all documents were uploaded and downloaded, and by whom. Parties involved in the transaction may place deadlines for certain documents (and when you upload a document you may assign it to an outstanding deadline) and the system may be configured to send warnings when deadlines are approaching.
You tie it into fax systems, email, web, everything (yeah right, but hey, we're dreaming, right?).
This would be SO MUCH EASIER than the bullshit I had to deal with yesterday. The lawyer says the lenders haven't sent the commitment letter. The lenders say the lawyers haven't sent the P&S agreement. Both of them say they've sent what is required of them but haven't received what they require. And instead of dealing with each other, they both work through me.
What am I paying you people for? Christ. This isn't rocket science, and you certainly don't need me playing referee....
If I die of a heart attack at the tender age of 32, it's because of this shit.
(Worth noting; I work for a company that makes the software and the hardware that could make this work. Funny, that.)