Intelligent loan qualification based on future servicing capability
US11238532B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jun 25, 2021 |
| Grant date | Feb 1, 2022 |
| Priority date | — |
| Expiry date | Jun 25, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A weight is generated for one or more loan tier metrics for each of a plurality of loan tiers, each loan tier associated with a respective loan tier qualifying score. A plurality of transaction records in the depository account of the user are received, the received transaction records including a chronological listing of debits and credits. A plurality of loan tier metrics are determined based on the chronological listing of debits and credits. A respective metric value is generated for one or more of the loan tier metrics, each respective metric value based on the transaction records in the depository account of the user. A machine learning model determines that based on prior activity of the user recorded in the transaction records, a first loan tier metric of a first loan tier has greater importance in determining a loan servicing capability of the user than a second loan tier metric of the first loan tier, and adjusts a selected weight chosen from a first weight of the first loan tier metric and a second weight of the second loan tier metric, so that the first weight is greater than the second weight. A user score is computer based on applying the adjusted weight to the respec…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.