Communication system and method between a home buyer, seller, strategic business source, and lender

US8095457B2 · kind B2 · utility

Assignee

• Preferred Home Buyers Network, Inc. · US

Inventors

• Stephen M. Polston · Excelsior, US
• Aaron Matthew Vennie · Burnsville, US
• Jeffery Matthew Colville · Maple Grove, US
• Michelle Patrice Hiller · Elk River, US
• Ronald J. Steele · Rhinelander, US
• Joan Marie Skallman · Excelsior, US

Key dates

• Filing date: Dec 4, 2007
• Grant date: Jan 10, 2012
• Expiry date: Feb 3, 2028

Classification

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

Abstract

A computerized system and method are presented for exchanging information between a buyer, a seller, a lender, and a strategic business source. The system permits sellers, lenders and strategic business sources to input buyers that are then submitted for activation. The buyers use the system to obtain information about items, while the sellers, lenders, and strategic business sources make consistent contact with the buyer in order to work with the buyer. Information about the buyers is shared with the sellers, lenders, and strategic business sources. A business plan is input into the system for the financial institution employing the lender while another business plan is input for the seller institution employing the seller. Activity on the computerized system is calculated for compliance with the business plan. Feedback is provided to management relating to whether the business plan is being met.