Automated loan approval system
US7742980B1 · kind B1 · utility
7Cited by
82References
14Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Nov 15, 2002 |
| Grant date | Jun 22, 2010 |
| Priority date | — |
| Expiry date | May 10, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The invention provides a method and system capable of automatic loan approval, in which lenders can both provide information to brokers regarding their loan policies, and in which brokers can obtain information regarding likely lender treatment of prospective borrowers. Thus, brokers search a database of possible loan programs made available by lenders, rather than lenders searching a database of possible loans made available by brokers.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.