Scenario: A reputable closing attorney’s office aims to enhance the efficiency and security of its
processes by integrating Greenlight Data into its workflow.
The closing attorney's office integrates Greenlight Data seamlessly into its systems to leverage the platform's features for identity verification and document validation.
Invitations and Onboarding
The closing attorney invites clients and other involved parties, such as lenders, realtors, and notaries, to create digital identities using ChainIT.
Clients install the ChainIT app, complete a secure identity verification process, and connect their digital identities to a secure wallet.
Greenlight Data's biometric validation and government-validated ID document checks ensure the authenticity of the parties involved in the closing process.
The attorney gains confidence in the verified identities, minimizing the risk of fraudulent transactions.
Document Review and Collaboration
Clients securely upload required documents through the ChainIT app, creating a transparent and immutable record of each piece of documentation.
Attorneys can review and collaborate on documents with clients, lenders, and other stakeholders, fostering a streamlined and secure communication process.
Loan Closing Token Creation
When it's time to close a real estate transaction or handle other legal processes, the attorney initiates the creation of a Loan Closing Token through ChainIT.
The Token captures all relevant information, including the digital identities of involved parties, creating an immutable record of the transaction.
Client Interaction and Confirmation
Attorneys have access to a comprehensive view of the Loan Closing Token, including any comments or photos added during the closing event.
Provide insights to customers
Our blockchain-powered system creates VDTs for each closing event, documenting the entire process in a tamper-proof and immutable manner. This record includes details of the participants, documents signed, and key milestones.
VDTs are linked to one another, allowing for easy reference and verification of the entire loan closing process. Each event can be traced back to its origin, providing transparency and reliability.
Our software is designed for ease of use by lenders, borrowers, and closing agents. Participants can confidently engage in loan closings using mobile devices or tablets.
Step-by-Step Use Cases
Explore a variety of industries that can streamline processes and ensure transparency with Greenlight.