Computerized systems and methods for facilitating the flow of capital through the housing finance industry

US7765151B1 · kind B1 · utility

Assignee

• Fannie Mae · US

Inventors

• Michael John Williams · Landrum, US
• Peter G. Kopperman · Bethesda, US
• David N. Voth · Oakton, US
• Richard N. Plotnick · McLean, US
• Peter Simon · Aalen, DE
• Kimberly J. Thurow · Reston, US
• Michael Koch · Radebeul, DE
• Martin Schulz · Brenham, US

Key dates

• Filing date: Jul 21, 2006
• Grant date: Jul 27, 2010
• Expiry date: Dec 6, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer implemented data processing system comprises a pricing engine and user interface program logic. The pricing engine is configured to calculate a price for an individual mortgage loan for a sale of the individual mortgage loan from a loan originator to a secondary mortgage market purchaser. The price is calculated prior to closing of the mortgage loan based on mortgage loan application data for a borrower associated with the mortgage loan. The user interface logic is configured to generate one or more screen displays configured to present the price to the loan originator prior to closing of the loan. The one or more screen displays are also configured to receive a commitment from the loan originator for the sale of the individual mortgage loan to the secondary mortgage market purchaser.