Abstract: A system and method is disclosed for managing and communicating the tasks required in business and financial application processing and for reporting real-time application status. The system enables those involved in application processing to create client data, import client data from another application or database, add a task template based on the type of loan a borrower is seeking, receive notifications when a task requires their attention, and update the status of a task. The system further enables a borrower or any other authorized third party, including realtors and title agents among others, to access and view the status of their loan application. A gallery interface enables the borrower or any other authorized third-party to view photos of a property that borrower is purchasing.