System and method for evaluating real estate transactions

US7860788B2 · kind B2 · utility

Assignee

• General Electric Capital Corporation · US

Inventors

• Robert Rieger
• Thomas Tyson Lowery · Vernon, US
• Catherine M. Dunn · New York, US

Key dates

• Filing date: Sep 17, 2008
• Grant date: Dec 28, 2010
• Expiry date: Sep 17, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Evaluating a real estate transaction based on preliminary data about the transaction. An evaluation system employs a transaction evaluator software module that can receive input about a customer and a type of financial product. The transaction evaluator software module also has access to a variety of data sources defining parameters for the investing institution. When the transaction evaluator receives input for a customer, it retrieves the relevant parameters for investing and performs a series of calculations to determine the likelihood that the customer's transaction will be approved. The results of the calculations can be displayed to the user in a graphical format for a range of transaction values. The graphical presentation of the calculations assists the user in determining whether to proceed with the transaction.