Computerized systems and methods for facilitating the flow of capital through the housing finance industry
US7593893B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 30, 2005 |
| Grant date | Sep 22, 2009 |
| Priority date | — |
| Expiry date | Apr 9, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An online system for identifying and pricing a mortgage loan that meets a predetermined business objective of a mortgage market participant includes a business objective database and an underwriting engine coupled to the business objective database. The business objective database is configured to store a set of loan characteristics for at least one business objective of the mortgage market participant. The underwriting engine is configured to receive loan application data for a borrower via an online network. The underwriting engine is also configured to provide an underwriting approval status for the mortgage loan, to identify if the mortgage loan is a business objective mortgage loan by comparing the loan application data to the set of loan characteristics for the at least one business objective and, if the mortgage loan is a business objective mortgage loan, to determine a business objective pricing component for the mortgage loan.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.