System and method for processing a loan

US7925579B1 · kind B1 · utility

Assignee

• Fannie Mae · US

Inventors

• David Flaxman · Bethesda, US
• Minerva L. Tantoco-Hobbs · Washington, US
• Anne M. Murphy Kobus · Silver Spring, US
• Michael Koch · Radebeul, DE
• Daniel Packer · Rockville, US
• Peter G. Plofchan · Washington, US
• Richard C. Pomeroy · Chinook, US

Key dates

• Filing date: Dec 30, 2005
• Grant date: Apr 12, 2011
• Expiry date: Dec 30, 2025

Classification

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

Abstract

A method of managing pipeline risk comprises processing a plurality of mortgage loan applications and managing pipeline risk based on status information for the mortgage loan applications. The processing is performed by a computer-implemented workflow engine responsive to user inputs. The processing includes prompting a user to perform tasks that need to be performed in connection with the mortgage loan applications and maintaining status information relating to status of the tasks that need to be performed. The pipeline risk is managed based on the status information for the mortgage loan applications maintained by the workflow engine.