Online mortgage approval and settlement system and method therefor
US8145556B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Mar 9, 2001 |
| Grant date | Mar 27, 2012 |
| Priority date | — |
| Expiry date | Jan 4, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F19/20
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for automatically fulfilling lending conditions includes the steps of maintaining a database of a plurality of registered service providers, receiving a loan application having one or more conditions to be fulfilled for the loan application to be approved, evaluating the one or more conditions to determine one or more actions to be taken towards fulfilling the one or more conditions, and automatically executing at least one action of the one or more actions to be taken towards fulfilling at least one of the one or more conditions, wherein the at least one action includes automatically requesting information for fulfilling the at least one condition from a registered service provider of the plurality of registered service providers.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.