System and method for automated process of deal structuring

US6901384B2 · kind B2 · utility

Assignee

• American Home Credit, Inc. · US

Inventors

• Joan Lynch · Chicago, US
• John Howard McNair · Marlton, US
• Stephen John Polito · Sewell, US
• Roberto E. D'Urbano · Mount Holly, US
• Milton Riseman · Radnor, US
• William Kaiser · Campbell, US

Key dates

• Filing date: Jan 7, 2002
• Grant date: May 31, 2005
• Expiry date: Jul 31, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An automated deal processing for customers is disclosed, and includes prompting a customer for at least one deal parameter, such as loan amount, prompting the customer for information relating to the customer, such as income and collateral offered by the customer, optionally accessing in real-time information relating to the credit history of the customer, applying a plurality of origination rules, such as exclusionary rules, pricing rules, risk rules, and edit preference rules, to the at least one deal parameter and the information relating to the customer, applying at least one strategy, such as compensation for risk, repair, or upsell, to the results of the application of the rules, generating at least one deal based on the accessing and applying of the strategy, and presenting the customer with the at least one option which may include a customer-preferred loan, a piggyback loan, a pre-qualification, or reduced term loan option,