System and method for mortgage loan pricing, sale and funding

US7702580B1 · kind B1 · utility

Assignee

• Fannie Mae · US

Inventors

• David N. Voth · Oakton, US
• Peter Simon · Aalen, DE
• Richard N. Plotnick · McLean, US
• Scott Youngman · Fairfax, US
• Patricia D. Fulcher · Clinton, US
• Neiman Alvarez · Washington, US
• Andrew Lee Huffman · Waterloo, US
• Anne Harrell · Arlington, US
• George Lewis Mikhael Saad · Maassluis, NL
• Michael J. Kane · Oswego, US

Key dates

• Filing date: Dec 26, 2002
• Grant date: Apr 20, 2010
• Expiry date: May 12, 2027

Classification

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

Abstract

Systems and methods for optimizing servicing fees for a set of loans are disclosed. A system for optimizing servicing fees for a set of loans may include a processing unit and a storage device coupled to the processing unit having stored therein information for configuring the processing unit to obtain a minimum servicing fee and a maximum servicing fee, identify net benefits of increasing servicing fees for the loans in the set of loans, and iteratively adjust the servicing fee until the optimal servicing fee is attained.