Calling all entrepreneurs!

Here is Brad Inman’s offer: $25,000 to the innovator who delivers a “closing in a box.” Must be elegant, easy, simple, useful and collaborative.

The fully developed application (platform) must have specific functionality. It must be mobile-first; not necessarily in the app store, but designed for hand-held devices.

Everything must be stored in the cloud and must be encrypted and password-protected. The design must enable easy-to-use tap-and-swipe technology with clear and simple navigation and the ability to invite other users (vendors) to drop in reports. It must enable their participation in internal messaging that is linked to notifications.

The application must include four features:

1. Searchable data storage of all my buying- and selling-related documents, such as purchase offer with historical record of all changes; inspections and all related reports; mortgage application and all approvals; title report, etc. Applications that populate this feature should be designed to be filled out, saved, edited and include historic edits. Easy-to-share document functionality should be built in.

2. The notification feature serves as a way to be alerted when reports and approvals are received, documents are amended or information is updated. These notifications are internal to the app, but are integrated with mobile devices so they appear or pop up on your phone as events happen.

3. The internal messaging feature is so parties are on a safe, efficient and consistent internal communication system that allows people to message one another or create groups for certain functions such as inspections or loan approvals.

4. Digital document signing capabilities of all contracts and agreements must be built into the application.

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