System and method for processing data pertaining to financial assets

US7593889B2 · kind B2 · utility

Assignee

• Fannie Mae · US

Inventors

• Franklin D. Raines · Washington, US
• Julie St. John · Washington, US
• Michael A. Quinn · Potomac, US
• Robert A. Lewis · Bend, US
• William F. Farrell · Vienna, US
• John L. Kemper · Vienna, US

Key dates

• Filing date: Dec 30, 2002
• Grant date: Sep 22, 2009
• Expiry date: Oct 30, 2026

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A data processing system for processing loan data comprises acquisition logic, reporting logic, and financial asset generation logic. The acquisition logic is configured to receive information pertaining to loan term, interest rate, principal owed and other parameters for a plurality of loans. The reporting logic is configured to receive payment information regarding borrower payments in connection with the plurality of loans. The financial asset generation logic is configured to facilitate creation and maintenance of a plurality of financial assets backed by the plurality of loans. The acquisition logic, the reporting logic, and the financial asset generation logic are provided on a common integrated data processing platform.