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Credit (risk) processing or loan processing (e.g., mortgage)

Subclass of:

705 - Data processing: financial, business practice, management, or cost/price determination

705001000 - AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT

705035000 - Finance (e.g., banking, investment or credit)

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DocumentTitleDate
20080281752ONE-PRICE HOME MORTGAGE LENDING METHOD AND PLATFORM - A method and platform for an online one-price home mortgage lending is disclosed. House buyers use the platform to obtain a mortgage with autonomous interest rates. The platform provides a loan to members to allow them to get their house in advance or to pay off an existing home mortgage. After receiving the loan members participate in an auction process. The bid-winner receives the funds and repays the loan in installments. Non bid-winners are issued a transferable auction certificate and wait until the next term to bid again.11-13-2008
20110178921METHOD AND SYSTEM FOR MORTGAGE EXCHANGE - A method and system for electronically facilitating real estate transactions by providing accurate representations of the loans a borrower is qualified to receive, which are based on actual data, rather than estimates. All actions required for completing the real estate transaction, from entry of the borrower information to the closing and funding of the loan, are seamlessly integrated. An automated underwriting engine is provided for generating a decision matrix based on user input and/or existing data. An appropriate loan is selected based on the decision matrix, and is communicated to a potential borrower. After a loan is selected, fulfillment processing is performed, and the loan is funded and closed.07-21-2011
20100153259METHOD AND SYSTEM FOR ANALYSIS AND MANAGEMENT OF REAL ESTATE TRANSACTIONS - A computer-implemented method for aggregating real estate transaction data prior to initiation of an application for financing to calculate a true cost associated with a completed real estate transaction comprising the creating of an integrator portal for real estate transaction data from a plurality of private and proprietary real estate resources; accessing a plurality of private and proprietary real estate resources by a server hosting said integrator portal; linking the real estate transaction data to the integrated portal in real-time; aggregating real estate cost data based on a pre-determined property input and a consumer specific background input; and calculating a true cost associated with the real estate transaction from cost data, wherein the cost associated with said transaction is delivered to a user.06-17-2010
20100161477Computerized Extension Of Credit To Existing Demand Deposit Accounts, Prepaid Cards And Lines Of Credit Based On Expected Tax Refund Proceeds, Associated Systems And Computer Program Products - Systems, computer program products, and computer-implemented methods apply or otherwise make available new credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of a customer based on expected tax refund amounts. A computerized estimate of the tax refund available from a tax return of the customer is formed. A portion of the computerized estimate of the tax refund which can be made available as the line of credit is then determined. The existing line of credit is then adjusted based on the expected refund determined to be available, which will serve as an additional source of repayment for the line of credit. One or more of several adjustments may then be made to an existing line of credit: the line of credit may be increased; fees reduced; or the terms of payment adjusted. The invention may be implemented as a computerized process, a computer system or a computer program product.06-24-2010
20100010930PROVIDING A REAL TIME CREDIT SCORE AS PART OF A TRANSACTION REQUEST - Providing a real time credit score to a transaction account issuer as part of the transaction authorization request message is disclosed. A payment processor augments the transaction request received from a customer or merchant by calculating a credit score and adding it to the authorization request message. The real time credit score calculation may be based upon data stored by the payment processor and upon information collected from credit bureaus, transaction account issuers and other third-party sources.01-14-2010
20110196781MULTIPLE LOAN PAYMENT OPTION SALES TOOL - A multiple option loan presentation apparatus and method allows a loan agent to communicate a non-traditional loan product to a customer. Non-traditional mortgage products such as pick-a-payment loans allow a borrower to exchange lower payments during an initial period for higher payments layer in an amortization period. Some borrowers do not want to accepting the risk associated with adjustable rate mortgages (ARMs) for increases in interest rates, but are still desirous of options for reduced monthly payments. Combining fixed rate loans with an option for interest-only or minimum payments allows this flexibility, but places a premium on being able to graphically depict the implications of these choices. Thereby, the borrower can make an informed decision and the loan agent is able to more quickly conclude the transaction. In particular, the minimum payments constraints and changes in amounts can be made more intuitive.08-11-2011
20100082476COMPREHENSIVE METHOD FOR INCREASING CREDIT SCORES - A comprehensive method for guaranteeing an increase in the credit score of a qualified consumer, which subsequently assists the consumer in securing all types of loan financing, including, but not limited to, mortgage financing, business financing, and general loan financing (e.g., automobile, motorcycle, boat, etc.), includes program components that are designed for a one year timeframe, although credit scores may be improved in less time, or the timeframe can be extended as needed. The components include an education component, a proactive component, a monitoring component, and a measuring/results component.04-01-2010
20110202452SYSTEM AND METHOD FOR PROVIDING BORROW COVERAGE SERVICES TO SHORT SELL SECURITIES - The present invention is directed to providing borrow coverage services to clients by a conduit lender, while the conduit lender maintains a flat position. The source of supply for the loans is a liquidity pool from existing agent lenders that have enrolled the conduit lender as a borrower.08-18-2011
20130085926Methods and Apparatus for Facilitating the Refinancing of Real Estate Loans - Methods and apparatus for facilitating the refinancing of real estate loans are disclosed. In some embodiments, a loan-to-value ratio is calculated. Responsive to the loan-to-value ratio being greater than a allowed loan-to-value threshold in a refinancing of the real estate loan, a value of paydown capital required to create a refinance loan-to-value ratio for a refinance loan that is less than or equal to the allowed loan-to-value threshold is calculated. Paydown capital equal to the value of paydown capital required to create the refinance loan-to-value ratio less than or equal to the allowed loan-to-value threshold is provided under revenue-capital repayment terms. In some embodiments, the loan-to-value ratio includes a function of a balance owed on a real estate loan, and a re-appraised property value of a property associated with the real estate loan.04-04-2013
20130085925AUDIT AND VERIFICATION SYSTEM AND METHOD - A system and method is provided for use by verification authorities to audit, review and verify information received by applicants or individuals. It allows the end user to verify the information received and return the verified information to whatever institution requires the verification and audit of the information received. The system and method provides full and complete reports and details to allow them to make crucial decisions on verifying the information received. Further, the system and method verifies information received from individuals that may be used such as background, employment and other types of information. The system may allow a user to verify income re-verification, asset verification and in-depth fraud analysis. The system may also provide update and current information on clients and can give an indication and/or predictors on loan defaults and potential problems and return that information to the institution requiring such information.04-04-2013
20130085924INTERACTIVE CREDIT MARKETPLACE SYSTEM AND METHOD - The present invention provides an interactive credit marketplace for credit offers, such as trade credit lines. The invention also relates to systems and methods for determining eligibility of a purchaser for particular credit offers and facilitating credit applications between purchasers and suppliers through a multiple-offer display mechanism, as well as for automated, streamlined processing of applications by purchasers for credit deals based on the multiple-offer display mechanism.04-04-2013
20100076888SYSTEM AND METHOD FOR PROVISIONING A CONTROLLED SECONDARY MARKET FOR SMALL DOLLAR DEPOSITS AND LENDING - A system for aggregating retail financial services distribution partners and providing real time, automated matching of the tailored products being delivered to clients by distribution partners to available financing and deposit locations. Secondary market participants are also assembled to provide financing capacity and locations for deposits of the system's marketplace.03-25-2010
20120246063ONLINE PURCHASING SYSTEM SUPPORTING SELLERS WITH AFFORDABILITY SCREENING - An online system uses, in various embodiments of the invention, credit report information, loan affordability screening and credit approval and management functionality to facilitate the purchase and finance of products online. The online system may include both sellers of products and lenders that offer financing to buyers seeking to purchase the products. The system may automatically obtain a buyer's credit report information and use that information to determine if the buyer is pre-approved, for example, to obtain financing for a particular product or products. The system also enables use of buyer credit information to identify only those of a seller's products for which the buyer is pre-approved, for example, to finance using one or more loans. The system then enables selection of an identified product or products for purchase, and selection of a loan, for example, for financing of the selected product or products. Credit approval (or pre-approval) may be performed automatically, and along with credit processing, may be performed completely online.09-27-2012
20120246061SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR OFFERING CONSUMER LOANS HAVING CUSTOMIZED TERMS FOR EACH CUSTOMER - Systems, methods and computer program products take into account the amount, term, and type of consumer loan, as well as data relating to a customer's credit score, debt burden, and collateral, if any. The invention then calculates an expected probability of default for a loan to that customer, and calculate loan terms that will deliver a minimum return on equity 18%) given the lender's capital structure and funding rates. These loan terms are then offered to the customer. The customized loan terms include annual percentage rate of the loan, or a yearly fee or loan amount.09-27-2012
20100114757Method of systematic risk management and system and computer program product thereof - The present invention discloses a systematic risk management method, and its system and computer program product. The method includes the steps of setting a correspondence relation between a value at risk and a leverage ratio common to the global market by a risk management unit, selecting a plurality of subject financial instruments by an interface unit, obtaining data of the selected subject financial instruments from a storage unit by the risk management unit, calculating the value at risk of each subject financial instrument by the risk management unit, selectively adjusting the leverage ratio of each subject financial instrument according to the correspondence relation, and adding the subject financial instruments into an asset pool and outputting the asset pool from the interface unit.05-06-2010
20130080313ADKINS RESIDENTIAL HOME VALUATION ANALYZER (RHVA) - Systems and methods generally disclosed in order to value real estate by constructing a comprehensive list of constant factor multiple ratios that express a relationship that should exist between household incomes and home prices, based on prevailing mortgage interest rates for a fixed rate loan, and the percentage of pre-tax household income that a real estate investor believes should be spent to cover the costs associated with a mortgage loan.03-28-2013
20130080316SYSTEM AND METHOD OF EXPEDITED CREDIT AND LOAN PROCESSING - A system and method of expedited credit approval and lending for an applicant initially qualifies the applicant using an input device to obtain predetermined applicant identification information and transmits the applicant identification information to the credit and loan processor computer which verifies the applicant identification without pulling credit. If verified, applicant answers predetermined prescreen question to initially qualify the applicant and the applicant's answer is compared to a predetermined lender criteria for the prescreen question to determine whether to continue with the loan application if the applicant's answer meets the predetermined lender criteria or end the loan application if the predetermined lender criteria is not met, before pulling credit. The applicant is notified of the decision. The credit and loan processor software program continues to qualify the applicant using stated debt to income ratio for a selected loan type and if qualified, then processes full credit application.03-28-2013
20130080315SYSTEM AND METHOD FOR GENERATING A FINANCE ATTRIBUTE FROM TRADELINE DATA - Embodiments of a system and method are described for generating a finance attribute. In one embodiment, the systems and methods retrieve raw tradeline data from a plurality of credit bureaus, retrieve industry code data related to each of the plurality of credit bureaus, determine one or more tradeline leveling characteristics that meet at least one pre-determined threshold, and generate a finance attribute using the selected leveling characteristics.03-28-2013
20090198610Credit Risk Prediction And Bank Card Customer Management By Integrating Disparate Data Sources - A future behavior prediction system includes a scoring engine to generate a final prediction score for a credit account holder from a combination of two or more variable summaries. Each variable summary is a summary of variable data from one of a number of data sources. The number of data sources include at least a master billing data source and an authorization transaction data source.08-06-2009
20130036042FACILITATING THE OWNERSHIP OF SOLAR-POWERED ELECTRICITY-GENERATING SYSTEMS - Methods of facilitating a party's purchase of an electricity-generating solar power system are disclosed. The methods may comprise entering into, by the lender, an agreement with the party whereby, in exchange for a payment amount paid by the lender to a seller of the solar power system, the lender owns and is to sell up to 100% of the electricity generated by the party's solar power system after installation for a contract time period defined by the agreement. The methods may also comprise paying, by the lender, the payment amount to the seller for the solar power system. The contract time period may extend, for example, until sales of the electricity by the lender after installation generate an aggregate payment amount that meets or exceeds a specified level. The contract time period or unit quantity might also be fixed. The lender may also receive environmental attributes from the party.02-07-2013
20130080314Apparatus and Methods for an Application Process and Data Analysis - One aspect of the invention relates to a method of simplifying an application process. The method includes a series of steps that can be performed in any particular order. The steps include dividing the application process into a plurality of sub-processes, arranging a portion of the plurality of sub-processes in response to a scheme, collecting user profile data in responses to a plurality of queries, the queries selectively presented to the user in response to a branching logical hierarchy, generating a report in response to the profile data; and targeting information to a desired demographic of users in response to user profile data correlations.03-28-2013
20090171834SYSTEMS AND METHODS TO SELECT A CREDIT MIGRATION PATH FOR A CONSUMER - According to some embodiments, supplemental information about a consumer is determined, the consumer being associated with a first level of credit availability. One of a plurality of potential credit migration paths may then be selected for the consumer based on the supplemental information. Each potential credit migration path may, for example, begin at the first level of credit availability, include a plurality of intermediate credit products, and end at a level of credit availability higher than the first level. An offer for an intermediate credit product may then be transmitted to the consumer based on the selected credit migration path.07-02-2009
20130138552UNIFIED CHARGING AND CREDIT SYSTEM - Technologies are generally described for systems and methods effective to create and use a unified charging system that provides instant loans in a networking environment. In an example, a loan can be provided when a payment at an online shopping site, such as an online shopping portal, is rejected due to insufficient funds. The loan can be automatic, or the loan can be provided in response to acceptance of a loan offer. In another example, pre-approved credit can be used to pay at an online shopping site when the cash and credit accounts associated with a virtual charging account have insufficient funds to complete the transaction. The payment can consist of a portion, or all of the pre-approved credit. The pre-approved credit can be granted on request, or can be automatically provided based on an analysis of open source information about the holder of the virtual charging account.05-30-2013
20100042534METHOD AND APPARATUS FOR HOME BUYERS LOAN APPROVAL VALIDATION - A method for providing to a real estate purchaser such has a home buyer an indicia such as a printed card or an entry onto a portal signifying to those concerned in the industry such as a seller or a seller's representative that the home buyer has provided the information required for obtaining a loan, that the information including the financial information has been independently verified and has been processed through an appropriate approval process such as an automated underwriting system and has been approved for a predetermined loan amount and that the home buyer's condition is such that the loan is ready to close.02-18-2010
20100042533SYSTEM AND METHD FOR BUSINESS ONLINE ACCOUNT OPENING - A system and method for a business customer interfacing with a financial institution through a computer network is presented. The method includes a determination of whether the customer is an on-line client of the financial institution, a verification of customer-provided information with a pre-existing client identification profile for the customer, a determination of whether the customer is a sole proprietorship, a determination of the customer's credit score using a set of predetermined criteria, and presenting a set of account options based at least in part on the verification of the customer-provided information and the customer's credit score. Additional customer-provided information may be received and verified and used to enroll the client in one or more programs offered by the financial institution at a predefined level based at least on one or more predetermined factors.02-18-2010
20090157543Systems And Methods For Loan Option Customization - In a loan option system having a loan server accessible through a network to an external borrower computer and a loan processor for providing loan parameters to the loan server, systems and methods are provided for determining and adjusting a loan balance, via (1) receiving a principal value for a loan through the network from the borrower computer, the principal value corresponding to the loan balance, wherein the loan has an interest rate and a loan term corresponding to a specified number of payments throughout the loan, (2) upon a permissible omitted payment, increasing the interest rate, determining accrued interest, setting predetermined fees due to the missed payment, and applying the predetermined fees and accrued interest to the loan balance to produce a new balance, (3) retrieving the new balance from the loan processor to the loan server, and (4) providing the new balance to the borrower computer.06-18-2009
20090157542Online universal credit application - There is provided a method that includes (a) presenting, via a communications network, a first interface that enables a creditor to access a credit application template, to create a customized credit application, and (b) presenting, via the communications network, a second interface that enables a credit applicant to access the customized credit application and provide information required by the customized credit application. There is also provided a system that executes the method.06-18-2009
20100106639APPARATUS AND METHODS FOR FACILITATING REAL ESTATE TRANSACTIONS - Apparatus and methods for approving financing for the sale of real estate. The apparatus and methods may involve receiving from a seller, or a seller's agent, information regarding the property so that a financial institution can determine a loan amount before the seller is engaged by a buyer. The financial institution may order from vendors documentation and certification desired or required for closing. The financial institution may issue a seal certifying that the financial institution has pre-approved a loan in a stated amount. The amount may be subject to change based on the qualifications of a buyer.04-29-2010
20100106638APPARATUS AND METHODS FOR VERIFYING A CREDIT APPLICANT'S INCOME THAT ENHANCE A CREDIT APPLICANT'S EXPERIENCE - Apparatus and methods for processing a loan application. The apparatus and methods may involve accessing a financial institution customer account that includes a plurality of transactions; identifying those transactions that belong to a predetermined transaction category; and summarizing the transactions. Summary information may be presented as part of an income and expenses flow report that at least partially characterizes the account or the applicant. A financial institution representative may query a database for the summary information and, optionally, initiate an underwriting process based on the loan application and the summary information.04-29-2010
20130041807INTELLIGENT COLLECTIONS MODELS - Apparatuses, computer media, and methods for analyzing credit and tax form data and determining a collection treatment type to collect revenue. A collections model is constructed to determine a collections score that is based on raw credit data and tax form data and is indicative of a debtor's propensity to pay an owed amount. The collections model includes score bands, each score band being associated with a range of credit scores. A collections score is determined from a scoring expression that is associated with a score band and that typically includes a subset of available raw credit data and tax form data. A collections treatment type is determined from a collections score. Each treatment type corresponds to a treatment action that is directed to the debtor. A collections model is constructed from historical tax data, in which score bands and scoring expressions are constructed for the collections model.02-14-2013
20130041806System and Method for Identifying Banking Errors - A computer-implemented method for customer relationship management is provided. The method may include receiving bank data including bank lending credit risk management data. The method may further include receiving one or more business rules configured to perform computations upon the bank data. The method may also include identifying one or more anomalies associated with at least one of a credit risk modeling calculation and a capital adequacy calculation based upon, at least in part, the bank data. The method may additionally include generating at least one report identifying at least one loan data record for investigation.02-14-2013
20090125440METHOD AND SYSTEM FOR APPROVING CREDIT CARD TRANSACTIONS - This invention relates generally to software, and more specifically, to methods and systems for approving credit card transactions when the purchaser is different from the credit card owner. In one embodiment, the invention includes a method having the steps of receiving an identification of a ware for purchase from a purchaser; receiving contact information for an approver, the approver being different from the purchaser; preparing a purchase order having a payment amount for the ware identified by the purchaser; electronically notifying the approver of the purchase order using the contact information; electronically receiving an approval of the purchase order from the approver, the approval including authorization to charge a credit card of the approver for the payment amount; and processing the credit card for the payment amount.05-14-2009
20090125439MACROECONOMIC-ADJUSTED CREDIT RISK SCORE SYSTEMS AND METHODS - Various embodiments of the present invention provide systems and methods for automatically compensating an individual's credit risk score for macroeconomic data. In particular, various embodiments provide systems and methods to determine a macroeconomic risk score. In addition, various embodiments provide systems and methods to determine an adjusted credit risk score for an individual based on the individual's credit risk score and a macroeconomic risk score that serves as a scale adjuster to keep overall delinquency and/or loss rates in line as economic factors change.05-14-2009
20100070405WIRELESS NUMBER RISK SCORES FOR USE WITH MOBILE PAYMENTS - Apparatus and methods for evaluating risk of nonpayment for mobile payments. Wireless phone numbers with associated customer history and account information may be used as a proxy to determine risk of nonpayment. Risk scores may be continually updated with new purchase and payment information. In some embodiments, authorization for a point of sale transaction may include evaluation of the mobile wireless risk score. A low wireless number risk score may result in authorization of the transaction. A high wireless number risk score may result in denial of the transaction.03-18-2010
20130046678MINIMUM PAYMENT REQUIREMENTS FOR A REVOLVING ACCOUNT - The minimum payment requirement for a customer may be a higher amount than conventional or industry-standard credit cards. In one exemplary embodiment, at least one memory storing computer executable instructions that, when executed, cause the apparatus at least to: provide a minimum payment requirement towards a balance associated with a revolving account, wherein the minimum payment requirement is approximately 15-25% of the balance, provide an interest rate for the revolving account that is a function of the minimum payment requirement, and initiate the execution of an assessment if the minimum payment requirement is not met.02-21-2013
20130030985SYSTEMS AND METHODS FOR IDENTIFYING ITEMS OF COLLATERAL AVAILABLE TO A CONSUMER PURSUANT TO PRE-QUALIFIED FINANCE TERMS THAT ARE CONSISTENT WITH CONSUMER SPECIFIED PAYMENT CRITERIA - Customers are provided with item search results that take into account both item specifications submitted by the customer and payment specifications submitted by the customer, where satisfaction of the payment specifications includes identifying finance programs for which the customer is pre-qualified and that are available for given items.01-31-2013
20130030984CREDIT CARD USAGE MANAGEMENT SYSTEM, CREDIT CARD USAGE MANAGEMENT METHOD, PROGRAM, AND INFORMATION STORAGE MEDIUM - Provided is a credit card usage management system, which allows a credit card to be used to an extent that surpasses a credit limit defined within a fixed period without increasing the credit limit. A credit card usage management device 01-31-2013
20130030983GENERATING OPTIMAL STRATEGY FOR PROVIDING OFFERS - Generating optimal strategies for providing offers to a plurality of customers is described. A plurality of categorical attributes (for example, gender and residential status) and ordinal attributes (for example, risk score and credit line utilization) can be determined. Values of one of more categorical attributes can be changed as per a transition probability table. Some probabilities can be varied to determine a first tradeoff, based on which a first updated strategy can be generated. Further, noise can be added to one or more ordinal attributes. Standard deviation of a noise distribution associated with the noise can be varied so as to determine a second tradeoff, based on which a second updated strategy can be generated. The second updated strategy can be an update of the first updated strategy. Offers can be provided to the plurality of customers in accordance with the second updated strategy.01-31-2013
20090043689Architecture and method for bill presentment using a web-based tool - An architecture and method for bill presentment using a web-based tool is disclosed. A common architecture collects billing data from multiple business technology systems and present the billing data on a bill. A user-friendly tool allows internal billing personnel and system administrators to configure the content and format of a bill before presenting it to customers. A method provides external customers with drilldown ability, enabling them to view both summary and detailed billing data and related information necessary to understand and pay the bill.02-12-2009
20090048966Systems and Methods for Adjusting Loan Amounts to Facilitate Transactions - A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller.02-19-2009
20100268641SYSTEM AND METHOD FOR VERIFYING LOAN DATA AT DELIVERY - A system for verifying loan data for a loan being delivered by a seller to a purchaser includes underwriting logic that generates a set of underwriting data for a loan and delivery logic that receives a set of delivery data for the loan from the seller and processes the delivery data. The delivery logic includes comparison logic that compares the underwriting data for the loan and the delivery data for the loan to determine any differences. If there are differences between the underwriting data and the delivery data for the loan, yield adjustments and fees may be determined for the loan based on the differences.10-21-2010
20120191596EVALUATING, MONITORING, AND CONTROLLING FINANCIAL RISKS USING STABILITY SCORING OF INFORMATION RECEIVED FROM SOCIAL NETWORKS AND OTHER QUALIFIED ACCOUNTS - A computer-implemented method for managing the financial risk in a risk-taking scenario associated with a subject of risk-taking. The method includes receiving authorization to access at least one qualified account of a subject of risk-taking; receiving data from the qualified accounts of the subject of risk-taking; determining a stability score based on the received data, the stability score being an estimate of the financial risk in the risk-taking scenario; and performing an action through the qualified account based on the stability score.07-26-2012
20120191595System and Method for Debt Presentment and Resolution - A system and method for debt presentment and resolution through an Intranet or Internet content provider is disclosed. Said system and method include a plurality of “transaction communities” which are electronic forums allowing interaction between a plurality of debtors and creditors through means of electronic mail (e-mail) or other electronic communication means. The Internet/Intranet based software application allows said debtors to access and input information related to a particular debt with any Internet browser software. Said debtors are provided with the URL (Universal Resource Locator) for said content provider along with a unique identification code from the collection agency(s) through mail correspondence or other communication means. Upon said user entering said URL and entering said identification code, said user may then proceed to choose from a variety of settlement options listed on the HTML (HyperText Markup Language) page.07-26-2012
20120191594ONLINE BUSINESS METHOD FOR PROVIDING A FINANCIAL SERVICE OR PRODUCT - An online business method for providing a financial service or product, like an installment loan, generally includes the steps of: authenticating the identity information of an end/user applicant via online information and assigning a risk score; originating and servicing the loan through a platform that integrates ancillary products; disclosing expenses and fees via an interactive loan disclosure meter; and providing an option for automatic repayment within the loan signing process.07-26-2012
20130073446SYSTEM AND METHOD FOR CONFIGURING A VARIABLE COLLATERAL REVOLVING SECURITY - A system and method for configuring, recognizing, and utilizing collateral security and account payments is provided to preserve/improve a borrower's credit history with credit bureaus. Collateral deposit data indicative of collateral deposits is periodically received at a computing device and stored in association with a security account in a first memory device. Line of credit data indicative of a line of credit is generated, the line of credit data comprising an indication of a predetermined credit limit based on the collateral deposit data, the line of credit data stored in association with a secured line of credit account at one or more of the first memory device and a second memory device. Periodic transfers of collateral security data associated with the security account occur to settle any outstanding balance associated with the line of credit.03-21-2013
20130073445Real-Time Approval of Bank Draft Payments for Money Transfer Transactions - Systems and methods which allow for utilizing bank draft payments to contemporaneously fund money transfer transactions while also mitigating for the risk the bank draft payment being returned are provided. One embodiment provides a method for funding a money transfer transaction. The method includes establishing a money transfer transaction between a sending party and a receiving party. Account information corresponding to an account of the sending party is received and a bank draft transaction from the account may be established. With the account information and optionally other transaction information, a determination is made whether to accept the bank draft transaction to fund the money transfer transaction prior to the clearance of the bank draft transaction. In the event that the bank draft transaction is accepted, the money transfer transaction is funded prior to clearance of the bank draft transaction.03-21-2013
20120226600COMPUTERIZED INTEGRATED AUTHENTICATION/DOCUMENT BEARER VERIFICATION SYSTEM AND METHODS USEFUL IN CONJUNCTION THEREWITH - A computerized document bearer authentication system operative in conjunction with a document bearer verifying functionality operative to check at least one aspect of a document bearing individual, the system comprising a computerized document authenticator operative to ascertain that a presented computerized document is valid including reading data from the computerized document and using a processor to find, within the data, validation information useful in ascertaining that the presented computerized document is valid; and a document bearer verifying functionality initiator operative to initiate operation of the document bearer verifying functionality including finding, within the data, bearer verification information useful in checking the at least one aspect and providing the verification information to the document bearer verifying functionality.09-06-2012
20110047069System and Method for Risk Assessment - A computer program product, including a computer readable program code to implement a method for assessing a financial institution's capital risk. The method including the steps of receiving financial information, processing the financial information to obtain a scenario for capital risk, and displaying the scenario on a display device.02-24-2011
20130066766SYSTEM AND METHOD FOR COMMITTING TO PURCHASE OR SELL LOANS - A method for generating a price for a loan comprises providing a seller of one or more loans with an ability to make an N-day forward commitment, wherein N is an arbitrary number selectable by the seller. The method further comprises receiving a commitment from the seller for the one or more loans and generating a market-based price for the one or more loans based on the N-day forward commitment.03-14-2013
20130066767System and Method for Credit Information Acquisition, Aggregation, and Funding - A computer implemented system and method, in a client-server environment, is provided for customer credit information acquisition, aggregation, and maintenance, during a financing cycle. An identification (ID) module is configured to capture and associate customer identification data with an electronic customer file, while a credit application module captures and associates a customer credit application with the electronic customer file. An electronic dashboard tracks and selectively displays status of the electronic customer file, while an enforcement module selectively permits and prevents acquisition of a credit report for the customer in accordance with the status of the electronic customer file. A credit report module is configured to, upon permission by the enforcement module, acquire a credit report for the customer and associate it with the customer file. A funding repository module is configured to encrypt and associate any of the items associated with the electronic customer file with a URL for selective access by a financing entity.03-14-2013
20130066765SYSTEM AND METHOD FOR PROCESSING DATA PERTAINING TO FINANCIAL ASSETS - A method of processing data in connection with a security is provided. The security is collateralized by a plurality of home mortgage loans or by portions of the plurality of home mortgage loans. The method comprises generating payment projections regarding principal and interest payment projections for the plurality of home mortgage loans; determining that the payment projections have errors; and modifying loan characteristic data to eliminate errors in the loan characteristic data that cause errors in the payment projections. According to another embodiment, a method comprises receiving payment data regarding the plurality of loans a plurality of times separated by a plurality of days during the reporting cycle. Each time the payment data is received, the payment data is processed and the opportunity to make corrections is provided.03-14-2013
20110022512MODIFIABLE MORTGAGE - Embodiments of the present invention relate to methods and apparatuses for providing, processing, and/or servicing a mortgage loan having one or more exercisable options. For example, in some embodiments, a method is provided that includes storing, in a non-transitory computer-readable medium, one or more terms of an exercisable option, where the option is incorporated into a mortgage loan, where exercising the option results in one or more terms of the mortgage loan being modified, and where one or more terms of the option are based at least partially on a non-mortgage relationship between a borrower associated with the mortgage loan and a lender associated with the mortgage loan.01-27-2011
20120116954AUTOMATED GLOBAL RISK MANAGEMENT - A computerized risk management method and system for facilitating analysis and quantification of risk associated with a financial transaction. An automated global risk management system maintains a database relating risk variables including world events government advisories, and other information sources with potential risk for a financial institution. The system generates a risk quotient or other rating based upon a weighted algorithm applied to the criteria, wherein the risk quotient is indicative of risk associated with a financial transaction or account. The quotient can be monitored on a periodic basis, during the course of a transaction, or on demand. Actions commensurate with a risk quotient can be presented to a financial institution to help the institution properly manage risk associated with a particular entity or transaction. A log or other stored history can be created such that utilization of the system can mitigate adverse effects relating to a problematic account.05-10-2012
20120116953Generation of a Three-Dimensional Virtual Reality Environment From a Business Process Model - A method and computer program product for generating a three-dimensional virtual reality environment from a business process model in a computer system are provided. The method includes analyzing a business process model to identify a plurality of activities and at least one transition criterion between the plurality of activities, where the business process model is unbounded to a physical implementation. The method also includes transforming the business process model into a three-dimensional virtual reality environment with virtual physical constraints, including a plurality of virtual rooms representing the plurality of activities and one or more virtual access points to the virtual rooms representing the at least one transition criterion. The method further includes outputting the three-dimensional virtual reality environment.05-10-2012
20120116952Communication System and Method Between a Home Buyer, Seller, Strategic Business Source, and Lender - 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.05-10-2012
20120116951SYSTEM AND METHOD FOR CREDIT FORECASTING - Disclosed is a system and method for the automated summarizing and reporting of key credit data elements of a consumer's multiple credit reports into an electronic, condensed, human-readable summary report including those key credit data elements most of interest to a loan originator. The generated electronic summary document displays the consumer's current credit mid-score, a credit mid-score forecast 30 days in the future, a mid-score projection based upon increases in the consumer's revolving debt, and an indication of the presence of negative credit information in the consumer's native credit reports.05-10-2012
20120116950SYSTEM AND METHOD FOR GENERATING A FINANCE ATTRIBUTE FROM TRADELINE DATA - Embodiments of a system and method are described for generating a finance attribute. In one embodiment, the systems and methods retrieve raw tradeline data from a plurality of credit bureaus, retrieve industry code data related to each of the plurality of credit bureaus, determine one or more tradeline leveling characteristics that meet at least one pre-determined threshold, and generate a finance attribute using the selected leveling characteristics.05-10-2012
20120116949PROCESSING LOAN TRANSACTIONS - A method includes receiving, from a client, a request for service associated with a loan transaction and determining, by a processor, whether the client is authorized to complete the request. If the client is authorized to complete the request, the request is processed. If the client is not authorized to complete the request, the request is communicated to an administrator, wherein the administrator validates the determined authorization of the request.05-10-2012
20090248573CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20090248570CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20110225084Method for customer selectable overdraft avoidance - A method for providing a bank customer facing an impending overdraft with options for directing the bank as to which transactions to pay and in what order to pay them.09-15-2011
20080319894PURCHASING OF INVESTMENT PROPERTY BY WAY OF HAVING AN ADVANCED LEASE OPTION OR RENT TO OWN TENANT CHOOSE HIS OWN PROPERTY - A method described herein includes receiving an indication that a prospective purchaser wishes to purchase a property identified by the purchaser by way of a lease-option or lease-purchase agreement. The method additionally includes purchasing the identified property in response to receiving the indication, and providing the prospective purchaser with a lease option or lease purchase agreement with respect to the identified property.12-25-2008
20130166436DERIVING BUYER PURCHASING POWER FROM BUYER PROFILE AND SOCIAL NETWORK DATA - Embodiments of a purchase power determination process for use in electronic commerce systems are described. The process correlates a person's actual, estimated or modeled credit score information with certain user profile and social network information to compile an overall score that encapsulates the person's purchasing power. The user profile information can include subjective information, such as user preferences, background, affiliations, behavior patterns, and so on. The social network information includes information regarding social network sites used by the person and the actual or estimated credit scores or financial data of other individuals linked to the person through these social networks.06-27-2013
20130166437METHODS AND SYSTEMS FOR PROACTIVE LOAN MODIFICATION - Embodiments of the invention include a computer implemented method for automatically modifying the terms of a plurality of mortgages within a portfolio of mortgages, such that, monthly payments for the plurality of mortgages are reduced. The method includes calculating a current net present value for each of the mortgages in the portfolio of mortgages. The method also includes calculating a plurality of future net present values for each of the mortgages in the portfolio, each future net present value corresponding to one set of modified loan terms. The method also includes selecting the largest calculated future net present value. The method also includes automatically modifying the loan terms of each of the plurality of mortgages where the largest future net present value is greater than the current net present value. Loan terms are modified to correspond to the modified loan terms resulting in the largest net present value.06-27-2013
20080294547SYSTEMS AND METHODS FOR ESTABLISHING BUSINESS CREDIT AND IMPROVING PERSONAL CREDIT - Systems and methods are disclosed for establishing one or more personal guarantor(s); establishing one or more business entities; establishing a professional business presence; reporting the professional business presence and the one or more personal guarantors to one or more credit scoring companies; establishing a PAYDEX score of said one or more business entities to a minimum of 80 resulting in an applicant's ability to obtain a larger credit line and at more favorable contract terms determined by one or more credit line providers reviewing external data. Another embodiment includes a method for establishing at least one high credit line credit accounts of one or more business entities with an open trade account of $10,000 or higher maintained in good standing and reporting said trade accounts(s) to the business credit scoring agencies.11-27-2008
20080294546SYSTEM AND METHOD FOR PEER-TO-PEER FINANCING - A system and method for an online, peer-to-peer lending platform for microfinance is disclosed. Through the system and method of the present invention, individual and personal lenders across the world can uniquely loan to specific micro-enterprises in many countries and geographic areas in a highly personal and effective manner. This system and method functions as a unique bridge between individual lender and borrower by providing elements and steps for facilitating and processing microfinance institution (MFI) transactions.11-27-2008
20080294545Realty commission reinvestment system and method - A system and method for reinvesting realty commissions includes the steps of: a) Offering the system commission reinvestment program to a client who is listing or interested in purchasing a real estate property using a system realty company; b) Fixing a rebate amount of the real estate commission that will be transferred to the system realty company once the real estate property is purchased or sold using an agent of the system realty company, and then rebated back to the client at the end of a pre-set first time period; c) Presenting a first system contract to the client; d) Reviewing and executing the first system contract; and e) Transferring the rebate amount of the commission from the sale or purchase of the real estate property to a system corporate bank account, and a remainder of the pre-agreed commission to the agent of the system realty company on or after the closing.11-27-2008
20110029427CREDIT SCORE AND SCORECARD DEVELOPMENT - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The outputs can be used as attributes to consider in developing a credit bureau scorecard.02-03-2011
20110035314Mortgage Program - A mortgage plan enabling a customer to enter into a rent-to-own contract with a third-party holding company, in order to enable the customer to purchase an asset such as a home, auto, boat, etc. In lieu of earnest money, the customer may sign a promissory note equal to a predetermined percentage of the purchase price of the home, or a predetermined fixed amount, whichever is greater, for the benefit of the holding company and a loan guarantor. The holding company may contract with a builder to construct the home. A lender may finance the holding company's home purchase with a commercial loan, guaranteed by the loan guarantor. After closing, the customer may move into the home as a renter. A predetermined number of periodic rental payments are made by the customer/renter; from these payments, the guarantor's fee is paid, and the remainder is escrowed. The escrowed funds may then be used as the customer's down payment to purchase the home from the holding company, financed by the lender with a mortgage solely in the customer's name.02-10-2011
20120246062ONLINE PURCHASING SYSTEM SUPPORTING SELLERS WITH AFFORDABILITY SCREENING - An online system uses, in various embodiments of the invention, credit report information, loan affordability screening and credit approval and management functionality to facilitate the purchase and finance of products online. The online system may include both sellers of products and lenders that offer financing to buyers seeking to purchase the products. The system may automatically obtain a buyer's credit report information and use that information to determine if the buyer is pre-approved, for example, to obtain financing for a particular product or products. The system also enables use of buyer credit information to identify only those of a seller's products for which the buyer is pre-approved, for example, to finance using one or more loans. The system then enables selection of an identified product or products for purchase, and selection of a loan, for example, for financing of the selected product or products. Credit approval (or pre-approval) may be performed automatically, and along with credit processing, may be performed completely online.09-27-2012
20120191593PROVIDING AN INTERFACE TO LOAN INFORMATION - In an exemplary embodiment, a method includes receiving a request from a client access module to access loan information from a loan system, wherein the request is initiated by a selected one of a client and a participant. A processor determines whether the request is initiated by the participant and retrieves loan information associated with the request. The retrieved loan information is communicated through the client access module to the participant if the request is initiated by the participant.07-26-2012
20130024359Peer-to-Peer Lending Method and System - A dental floss apparatus comprised of a pair of handles that are configured for engagement with the fingers with strands of flossing substrate extending therebetween. The flossing substrates are spaced from each other, running substantially parallel and extending within an opening formed between the ends of the handles. A dissolvable substrate is positioned within this opening through an engagement with one or both of the handles or the flossing substrate, and upon contact with the surface of the teeth, dissolves, and deposits a residue on the surface of the teeth and the surrounding area of the mouth. The dissolvable substrate may be formed of two substrate pieces with a central gap between them defining a means for targeting insertion of the substrate between adjacent teeth and may be colorized or luminescent and have an additive material such as mouthwash, breath freshener, cooling agent, or flavor.01-24-2013
20130024358FILTERING TRANSACTIONS TO PREVENT FALSE POSITIVE FRAUD ALERTS - A multi-stage filtering process and system for fraud detection is disclosed. The process includes one or more preliminary filtration stages followed by one or more additional filtration stages that provide for enhanced screening for fraudulent activity. Over a plurality of transactions, a portion of the transactions are cleared for processing (e.g., deemed not likely fraudulent or of too low value to continue processing) after each filtration stage. As such, acceptable transactions are not unnecessarily scrutinized. Another user of the multi-stage filtering process and system is to detect false positive fraud alerts produced by other systems. By reducing the prevalence of false positives, the process and system saves the financial institution costs associated with conducting expensive screening of valid transactions and saves the customers inconvenience and frustration of having valid transactions declined.01-24-2013
20110282778METHOD AND APPARATUS FOR EVALUATING FRAUD RISK IN AN ELECTRONIC COMMERCE TRANSACTION - Transaction information is received and applied to multiple fraud risk mathematical models that each produce a respective raw score, which are transformed with respective sigmoidal transform functions to produce optimized likelihood of fraud risk estimates to provide to a merchant. Respective fraud risk estimates are combined using fusion proportions associated with the respective risk estimates, producing a single point risk estimate, which is transformed with a sigmoidal function to produce an optimized single point risk estimate. The sigmoidal functions approximate a relationship between risk estimates produced by fraud risk detection models and a percentage of transactions associated with respective risk estimates; the relationship is represented in terms of real-world distributions of fraudulent and non-fraudulent transaction.11-17-2011
20110282779METHOD AND APPARATUS FOR CONSUMER INTERACTION BASED ON SPEND CAPACITY - Share of Wallet (“SoW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumer's spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. In addition to credit card companies, SoW outputs may be useful to companies issuing, for example: private label cards, life insurance, on-line brokerages, mutual funds, car sales/leases, hospitals, and home equity lines of credit or loans. “Best customer” models can correlate SoW outputs with various customer groups. A SoW score focusing on a consumer's spending capacity can be used in the same manner as a credit bureau score.11-17-2011
20110137789Trust Based Transaction System - A configuration for more efficient electronic financial transactions is disclosed. Users input personal and financial information into a system that validates the information to generate trusted financial profiles. Each user can establish trusted financial links with other users. The trusted financial link provides a mechanism for the user to allow other users to withdraw money from the link provider account. The data from these relationships and the financial data flowing through the system enable a measure of trustworthiness of users and the trustworthiness of all interactions in the system. The combination of trusted financial profiles, trusted financial links, and financial transactions between users create a measurable financial trust graph which is a true representation of the trusting economic relationships among the users. The financial trust graph enables a more accurate assessment of the creditworthiness and financial risk of transactions by users with little or no credit or transaction history.06-09-2011
20080262961Merchant Credit Risk Monitoring - A method of managing risk associated with processing merchant credit card transactions includes establishing a plurality of merchant processing relationships with a plurality of merchants, compiling transaction history for each of the plurality of merchants, identifying a business relationship between at least two of the plurality of merchants, based on the business relationship, associating the at least two merchants into a single processing relationship, and periodically calculating a measure of processing risk for the single processing relationship by, at least in part, combining the transaction history compiled for each of the at least two merchants. In some embodiments the method includes, based on the measure of processing risk, changing a periodic review schedule for the processing relationship.10-23-2008
20120005072System, Program Product, and Associated Methods to Autodraw for Micro-Credit Attached to Prepaid Card - A consumer is prequalified for a line of credit attached to a prepaid card by a lending institution. The lending institution computer makes available draws to the line of credit line in an authorization stream for a proposed purchase using the prepaid card as payment. When the line of credit is accessed, the prepaid card is loaded with an additional value equal to one or more preselected loan increments so that the prepaid card then has a new amount totaling a previous amount plus the amount of value of the one or more preselected loan increments and so that the new amount exceeds or equals the value of a proposed purchase. Next, a new value for the line of credit balance available is determined, accounting for value loaded onto the prepaid card and a preselected loan advance fee for each loan increment loaded onto the prepaid card.01-05-2012
20120005071METHOD AND SYSTEM FOR LOAN CLOSING - A method and system for electronically facilitating loan closing transactions that include sub-transactions involving third parties. The method and system provide functionality to quickly and easily order a sub-transaction and bill the respective party, or pay for the sub-transaction directly from various payment systems. An interactive closing document updates automatically as different services and sub-transactions are ordered. Designated parties to the transaction make and approve changes and updates to the interactive document as sub-transactions are completed and billed. The interactive document receives information from the earlier stages of the loan or mortgage transaction, and incorporates the information into the interactive closing document. Upon approval by all parties, at the closing of the transaction, the interactive closing document is generated as a hard copy for signature.01-05-2012
20120005070SALES LEAD GENERATION SYSTEM USING A CREDIT SCORE SURVEY - The invention is directed to a system for and a method of generating sales leads as a service for one or more vehicle dealerships that are not otherwise affiliated with the service. The invention may include maintaining a web site independently of the one or more vehicle dealerships that is accessible over a computer network by a consumer who is considering purchasing a vehicle, offering to the consumer while the consumer is accessing the web site to provide the consumer with an estimated credit score, wherein the consumer provides the consumer's contact information before the estimated credit score is provided, outputting a credit score survey to the consumer over the computer network, receiving one or more answers to the credit score survey from the consumer over the computer network, receiving information indicative of the vehicle transmitted from the consumer over the computer network, the information indicative of the vehicle comprising one or more selected from the group consisting of year, make, model, style, and color of the vehicle, receiving contact information of the consumer transmitted from the consumer over the computer network, determining, independently of the one or more vehicle dealerships, the estimated credit score by applying at least one scoring algorithm to the one or more answers to the credit score survey, providing the estimated credit score over the computer network to the consumer, and transmitting the contact information of the consumer, the estimated credit score, and the information indicative of the vehicle to the one or more vehicle dealerships as a sales lead.01-05-2012
20110288989TIME-EFFICIENT AND DETERMINISTIC ADAPTIVE SCORE CALIBRATION TECHNIQUES FOR MAINTAINING A PREDEFINED SCORE DISTRIBUTION - A system and method for maintaining a pre-defined score distribution for financial transactions are disclosed. A number of memory spaces are defined for a memory structure. Transaction data for the financial transactions is received by the system. Each of the financial transactions is scored based on the transaction data to generate a batch of scores for the financial transactions. A score range is divided into k bins, where each of the k bins representing one memory space of the memory spaces of the memory structure. The batch of scores are aggregated by storing a count of each score of the batch of scores in an associated memory space of the plurality of memory spaces, and a percentile is computed for each score in the batch of scores based on a set of values associated with the count of each score. Each new financial transaction is scored to generate a new score, and a new percentile is assigned to the new score according to the set of values. The percentile of the new score is translated to a calibration score with fixed percentile characteristics according to a fixed reference curve.11-24-2011
20110288990SYSTEM AND METHOD FOR PROVIDING INSTANT-DECISION, FINANCIAL NETWORK-BASED PAYMENT CARDS - A system and method for issuance of a financial network-based payment card (generally known as a “payment card” or a “credit card”) almost instantaneously after application, wherein an applicant applies for a credit card by entering data into a data entry system using a handheld electronic device, advantageously by filling in a plurality of predefined forms in a computer-based data entry system. The applicant's data is sent via a data network to a central decision center, which approves or disapproves the application. If the application is approved, data is generated, a payment card is activated, and a result of the determination to issue is sent to the handheld electronic device11-24-2011
20110288988LENDING MODEL PROVIDING UNSECURED STUDENT LOANS - A lending model provides unsecured or secured student loans to people without credit history or a country-based cosigner. The lending model may require students to pay a certain percentage of tuition in cash before starting their coursework. Schools may lend the remaining portion of tuition at a predetermined point through the program. Unsecured loans, while they may be high-risk, may provide schools with a high percentage of net present value tuition recovery and, in some cases, full net present value recovery. These loans may also be secured by requiring borrowers to provide a collateral or cosigner that would guarantee the loan. The lending model of the present invention may also allow friends, family, external investors and alumni to invest or donate towards the prospective student's tuition expenses by using a peer-to-peer (p2p) lending platform, thereby increasing the total funds in the system and reducing the liability and exposure for the school. This loan would be packaged as a single loan towards the student's tuition costs.11-24-2011
20110302076METHOD AND SYSTEM FOR MONITORING FOR AND REPORTING OF LIEN DISTRESS EVENTS - A computer-based method of monitoring for and reporting of a lien distress event relatable to a lien against a property includes the steps of extracting loan data from a client loan portfolio, defining the lien distress event relatable to the loan data by using one or more lien distress event criterion, detecting an occurrence of the lien distress event iteratively, and notifying a client of the occurrence of the lien distress event.12-08-2011
20080270293Accounts payable automation system with automated discount and factoring management - An accounts payable automation server system with integrated discount and factoring management, the system comprises an invoice loader receiving invoice data. The invoice data includes at least a vendor element and an amount payable element. The vendor element identifies a vendor and the amount payable element identifies consideration payable by the customer to the vendor. Customer user access workflows present, to a customer system, the invoice data. Finance company user access workflows: i) present, to a finance system, the vendor element and the amount payable element; and ii) receive, from the finance system, an offer of early payment in exchange for a discount of the consideration payable. Vendor user access workflows: i) present, to the vendor system, the offer of early payment in exchange for a discount of the consideration payable; and ii) receive an acceptance of the offer from the vendor system. The finance company user access workflows further, upon acceptance of the offer, present, to the finance system, an indication of the acceptance of the offer. Further, upon payment of a discounted amount from the finance company to the vendor, a direction to transfer payment of the consideration to the finance company is recorded.10-30-2008
20110218905Method and System for Reduced-Risk Extension of Credit - A system and method for extending a firm offer of credit without regard to the credit risk profile of the credit applicant is disclosed. Using seller-defined and/or system and method provider configured business rules and related payment computations, the system derives a series of initial payments representing a “down payment.” After the down payment is collected, the goods or services are delivered. The purchaser may elect upfront from a plurality of payment options, including the automatic collection through recurring pre-authorized electronic funds transfers to a deposit account or via authorized and settled credit or debit card authorization(s). A purchaser using either of these options has the option, upon receipt of the goods or services, to pay the remaining balance through the continuation of electronic funds transfers or, at any point prior to completion of payments using a “one-time authorized amount for the balance due” alternative form of payment like cash, credit or debit card, to pay off the remaining balance.09-08-2011
20090055308Multiple Asset Secured Umbrella Loan/Credit Product and Method - A customer-oriented loan or credit product that allows separate multiple assets to be used as collateral in a single lending product such as a loan (for example, a home equity loan) or a line of credit (for example, a home equity line of credit).02-26-2009
20100114758SYSTEM AND METHOD FOR PROVIDING INSTANT-DECISION, FINANCIAL NETWORK-BASED PAYMENT CARDS - A system and method for issuance of a financial network-based payment card (generally known as a “credit card”) almost instantaneously after application, wherein an applicant applies for a credit card by entering data into a data entry system, advantageously by filling in a plurality of predefined forms in a computer-based data entry system. The applicant's data is sent via a data network to a central decision center, which approves or disapproves the application. If the application is approved, data is generated and delivered to a card production system, which embosses and magnetically encodes a card blank. The card is then delivered to the applicant.05-06-2010
20110166988SYSTEM AND METHOD FOR MANAGING CONSUMER INFORMATION - Method and system for management of consumer credit report data is provided. The method includes, offering a service to a user; requesting an action for the service; providing a service action guide; and initiating an action of credit correction and/or debt relief and/or identity protection. The system includes, a central processing unit using a system provider for offering a service to a user; a user interface for requesting an action for the service and providing a service action guide; and a processing module to process requesting an action for the service between the user interface and a communication module.07-07-2011
20100268640APPARATUS AND METHODS FOR RENEGOTIATING DEBT - Apparatus and methods are disclosed for renegotiating debt payment terms and similar matters. A database 10-21-2010
20120109816COMPUTER-IMPLEMENTED METHODS, PROGRAM PRODUCT, AND SYSTEM TO ENHANCE BANKING TERMS OVER TIME - Managing access to a line of credit, for example, can include a financial institution computer determining eligibility for a line of credit program responsive to a consumers prior enrollment in a prepaid card program and one or more of the following: the consumer's historical direct deposit data, and data associated with the consumer's historical behavior in the prepaid card program. The financial institution computer can extend an amount of available credit to the consumer through the line of credit program so that a consumer credit limit is capped through underwriting criteria to ensure that no more than a predetermined percentage of a consumer's historic direct deposit amount is required for minimum repayments. The financial institution computer can further receive loan repayments over one or more predetermined direct deposit periods and change the consumer credit limit by preselected increments responsive to a change in the consumer's direct deposit amount.05-03-2012
20120109815System and Method for Matching Loan Consumers and Lenders - A system and method for matching a loan consumer with lenders via the Internet includes receiving loan consumer application information. The application information is stored in a database. An internally specified filter is applied to the information to determine if the loan consumer meets a set of loan criteria. A subset of the information is submitted to a credit bureau. A credit report is generated based on the subset of information. A lender database is searched to match the customer information and credit report to ranked lenders. A query is transmitted to one of the lenders. A response is generated and received based on the query. Subsequent query and response steps are repeated only after receipt of the previous response, until all lenders have been queried. Only lenders who responded with an approval are presented for review by the customer.05-03-2012
20120109814Method and System for Managing and Preparing Documentation for Real Estate Transactions - A system, method and computer product for facilitating closing of a loan is provide. In one embodiment, the method comprises receiving transaction information for the loan, storing the transaction information in a memory, preliminarily compiling one or more electronic documents with at least some of the transaction information, outputting for review by a first party to the loan, the one or more preliminarily compiled electronic documents, receiving an electronic signature indicating approval of at least one of the preliminarily compiled electronic documents by the first party, maintaining one or more financing terms associated with the loan, outputting electronic closing documents for the loan that comprise the at least one preliminary compiled electronic document with an electronic signature, and one or more documents sufficient to contractually bind the first party to the loan.05-03-2012
20100268639Characterizing Creditworthiness Credit Score Migration - Data comprising a request to generate a migration score is received (for example, by a first computer system). The migration score characterizes a likelihood of a change in a level of creditworthiness of a consumer subsequent to generation of a current credit score. Thereafter, future credit score migration for the individual is estimated (for example, by the first computer system) using a predictive model trained using historical creditworthiness data derived from a plurality of individuals. The historical creditworthiness data includes, for each individual, a historical credit score and empirical performance data subsequent to a scoring date for the historical credit score. Thereafter, the estimated future credit score migration is associated (for example, by the first computer system) with a migration score. Provision of the migration score can then be initiated. Related apparatus, systems, techniques and articles are also described.10-21-2010
20100088224NATIONAL FORCLOSURE INTERVENTION AND PREVENTION METHODS AND FUTURE LENDING MODEL - Systems and methods are provided herein that provide for national foreclosure invention and prevention.04-08-2010
20100088221SYSTEMS AND METHODS FOR THE AUTOMATIC ALLOCATION OF BUSINESS AMONG MULTIPLE ENTITIES - Systems and methods for allocating business among a plurality of entities are provided. In some embodiments, information about the business may be communicated from a client terminal. If the business is capable of being automatically allocated, at least one relevant parameter may be processed to identify a provider with which to allocate the business. In some embodiments of the present invention, motor vehicle dealership financing application allocation techniques are used to determine financing sources, financing eligibility, financing terms, or any combination thereof in connection with the sale or leasing of motor vehicles.04-08-2010
20100088223Preauthorized Electronic Fund Transfer For Future Cash Advances - Methods of providing a loan are presented. Short term loans (e.g., payday loans) can not be rolled over automatically. Still, a roll over of a short term loan can be simulated. A lender server can be configured to provide a new loan application to a borrower. The borrower can submit the new loan application along with an electronic signature representing an authorization for one or more electronic fund transfers to payback the initial loan or to deposit new funds, less possible applicable fees, into an account of the borrower. Furthermore, the initial loan can be paid back by coordinating a payroll deduction with the employer of the borrower.04-08-2010
20100088220Systems and Methods for Providing Loan Analysis - A data processing system provides loan analysis for a consumer eligible to receive loan services from a particular financial institution. The data processing system performs the loan analysis by determining every existing loan of the consumer reflected in a credit report from the credit report. Each of the determined existing loans having a loan type that is offered by the particular financial institution is matched with a respective replacement loan available at the particular financial institution. The data processing system then reports a comparison of one or more determined existing loans with one or more matched replacement loans.04-08-2010
20090299896Computer-Implemented Systems And Methods For Integrated Model Validation For Compliance And Credit Risk - Computer-implemented systems and methods are provided for model validation of a model for compliance and credit risk. Model input, output, and processing validation areas are contained on a computer system. A handle data structure connects the model validation areas with handles that comprise a unified metric. A handle represents combinations of covariate patterns and describes the joint distribution of risk characteristics.12-03-2009
20100138336PROCESS AND ARCHTECTURE FOR STRUCTURING FACILITIES REVENUE BOND FINANCING - In accordance with at least one embodiment of the invention, a process and architecture may be implemented to structure bond financing or refinancing for any municipally owned transportation facilities construction and/or renovation to improve economic and business terms for involved or interested parties.06-03-2010
20080270292CALCULATING CREDIT WORTHINESS USING TRANSACTIONAL DATA - Aspects of the invention provide for the use of transactional data in determining credit and product offerings. Further aspects of the invention provide for generating financial statements and indices using transactional data for use by users and/or financial institutions. The transactional based financial statements and indices may be used for making underwriting and financial planning decisions.10-30-2008
20100082477Method and system for loan and payment processing - A method and system for processing loan applications and collecting loan payments is provided. As part of a loan application process, information is obtained to verify a consumer's banking information and conduct a bank account balance inquiry. If the loan application is approved, the loan may be funded using a consumer's bank account information. In a collection process, at the time of a scheduled payment, a balance inquiry is run against the consumer's bank account to determine if sufficient funds exist for payment. If not, then the attempt at collection may be rescheduled at a later time. If sufficient funds do exist, then a collection of the payment is initiated against the consumer's bank account as bank card transaction, thus ensuring payment.04-01-2010
20110173116SYSTEM AND METHOD OF DETECTING AND ASSESSING MULTIPLE TYPES OF RISKS RELATED TO MORTGAGE LENDING - Embodiments include systems and methods of detecting and assessing multiple types of risks related to mortgage lending. One embodiment includes a system and method of detecting and assessing risks including fraud risks, early payment default risks, and risks related to fraudulently stated income on loan applications. One embodiment includes a computerized method that includes creating a combined risk detection model based on a plurality of risk detection models and using the combined risk detection model to evaluate loan application data and generate a combined risk score that takes into account interaction of different types of risks individually and collectively detected by the plurality of risk detection models.07-14-2011
20090089205AUTOMATED QUALIFYING OF A CUSTOMER TO RECEIVE A CASH LOAN AT AN AUTOMATED TELLER MACHINE - An automated system and method for qualifying a customer to receive a cash loan at an ATM, when the customer attempts to withdraw more than the available cash from an account that receives regular deposits, and selecting a fee to charge for overdraft protection on a transactional basis. The fee amount is selected from a range of fees, and is dependent on the amount of overdraft protection provided, as a percentage of the transaction amount.04-02-2009
20120143748Loan Origination System Interface for Online Loan Application Processing - A loan origination system interface module, methods and computer program products. One computer program product for processing loan application data including instructions to extract loan application data including retrieving identification information for a loan application associated the loan application data from a broker device and displaying on the broker device a list of loan applications available to process in an interface that is consistent with a loan origination computer program associated with the broker device. In response to command input from the broker device selecting a loan application from the list of loan applications, the computer program product includes instructions to reformat loan application data for the selected loan application to a format compatible with that required by a lender device and transmit reformatted loan application data to a lender device.06-07-2012
20120296806Computer-Implemented Risk Evaluation Systems And Methods - Systems and methods are provided for evaluating risks associated with alternative strategies for assessing an entity with respect to a predetermined objective. A system includes an action table that contains a plurality of possible actions that can be taken with respect to the predetermined objective for various entity profiles. One or more statistical data stores are configured to contain risk amounts associated with each entity profile, where the one or more statistical data stores are configured to contain inferred percentage distribution of applicants associated with each entity profile. One or more profile identification data stores contain entity identification information for use in determining an action for the entity. One or more improvement data stores provide an indication in the improvement in risk based upon a change in one or more characteristics for an entity profile.11-22-2012
20090089206Methods and systems for on-line loan procurement - The present invention relates to methods and systems for on-line loan procurement. More particularly, the invention relates to methods and systems for enabling consumers to apply for a loan or other financing arrangements (including credit cards), lenders to submit bids for such a loan or financing arrangement, and consummating a loan or financing transaction. In one embodiment of the invention, methods for consummating a loan transaction are provided, which comprise providing a website in which a borrower may submit an application for a loan to a plurality of lenders, whereby application purposely excludes information that may be used to identify or contact the borrower. According to such methods, a server is also provided which is capable of (i) receiving the borrower's loan application and transmitting information contained in the application to a plurality of lenders, (ii) receiving loan bids from the plurality of lenders, and (iii) transmitting and displaying the loan bids to the borrower.04-02-2009
20100228664IDENTITY VALIDATION FOR FINANCIAL TRANSACTIONS - Systems and methods for validating a party's identity for facilitating peer-to-peer loan transactions are provided. Drivers of a fleet of parcel delivery vehicles associated with a particular common carrier are used to collect information validating a party's identity. As part of a scheduled parcel delivery, or as an independent stop specifically for identity validation, a driver visits an address associated with a party (e.g., a consignor or consignee) and confirms the party's association with the address, such as by visually inspecting the party's driver's license or other identifying document. Information regarding the party's association is provided to a system accessible by a peer-to-peer lending facilitator. Input from the drivers relating to the association may be transmitted to a server via the driver's handheld device. The information can be used by the peer-to-peer lending facilitator to determine a level of risk associated with entering into a loan transaction with the party.09-09-2010
20100293090SYSTEMS, METHODS, AND APPARATUS FOR DETERMINING FRAUD PROBABILITY SCORES AND IDENTITY HEALTH SCORES - In general, in one embodiment, a computing system that evaluates a fraud probability score for an identity event relevant to a user first queries a data store to identify the identity event. A fraud probability score is then computed for the identity event using a behavioral module that models multiple categories of suspected fraud.11-18-2010
20090198611METHODS AND SYSTEMS FOR SCORE CONSISTENCY - Provided are methods and systems for determining score consistency.08-06-2009
20080275812CREDIT UNDERWRITING FOR MULTIPLE FINANCIAL TRANSACTIONS - Credit underwriting of bill payments, or other financial transactions on a transaction by transaction basis. A customer is enabled to request the approval of a loan for the payment of a particular financial transaction. The customer provides sufficient information to identify the account and transaction amount. A front end engine performs an approval process and if the customer is approved, provides the terms and conditions of the loan for the payment of the financial transaction. If the customer accepts the terms and conditions, the funds for payment of the transaction are presented to a merchant for payment. The customer is then required to repay the loan after a particular period of time, along with any fees.11-06-2008
20080275811Flexible Advertiser Billing System with Mixed Postpayment and Prepayment Capabilities - The present invention relates to systems and methods for managing risk in business transactions. In an embodiment, a computer-implemented method of managing risk exposure of a provide includes providing a product from the provider to a client under an initial billing experience between the provider and the client, evaluating a credit risk associated with the client at least one of periodically or upon occurrence of an event, and modifying a credit line the provider is willing to offer the client.11-06-2008
20100131406Method and Apparatus For Educational Financial Planning - A system is provided that gathers information from a user regarding a desired educational institution and sources for financing an education at the educational institution. The system further estimates a future income and compares the income with the obligations that arise from financing the education. This comparison is subsequently classified according to risk profile.05-27-2010
20090037323METHOD AND APPARATUS SYSTEM FOR MODELING CONSUMER CAPACITY FOR FUTURE INCREMENTAL DEBT IN CREDIT SCORING - Predicting impact of future actions on subsequent creditworthiness involves developing a prediction model that predicts a statistical interaction of performance expectation with likely post-scoring behavior. Including sensitivity to new, post-scoring date credit behaviors in the analytic solution greatly improves snapshot score predictions. The modeling approach involves multiple snapshots: predictive and performance snapshots, plus an intermediate snapshot shortly after the predictive snapshot to quantify interim consumer behavior post-scoring date. Predictive interaction variables are calculated on the predictive data using simulated consumer profiles before and after assuming a sizeable simulated balance to infer the consumer's tolerance for incremental future debt. Using an adjustor approach in predicting capacity allows isolation of the confounding effect of risk from the capacity determination. A resulting capacity index can be used to rank order originations and line increases according to capacity in consumer, bankcard, automobile and mortgage lending.02-05-2009
20080243679Property-related benefit financing method and system - A method for providing funding for a property-related benefit (PRB) associated with an item of property. A PRB lien is prepared that provides for the funding to obtain one or more specified PRBs related to the property. The PRB lien identifies one or more value and corresponding interest rate associated with each respective PRB obtained. The PRB lien can be the only lien existing against the specified item of property or it can exist in conjunction with one or more other liens against the property. Also, the PRB lien can be canceled at any time without affecting the terms of any other existing liens against the property.10-02-2008
20080288392MERCHANT APPLICATION AND UNDERWRITING SYSTEMS AND METHODS - A method for establishing credit services with a merchant account using a computer system comprises receiving at a server computer application information on a merchant applying for a credit service. The application information is stored in a database. At the server computer, a request from a credit investigator is received to view at least some of the application information. The requested information is then sent to the credit investigator from the server computer.11-20-2008
20080313073APPARATUS AND METHOD FOR SIMULATING AN ANALYTIC VALUE CHAIN - A computer-implemented simulator models the entire analytic value chain so that data generation, model fitting and strategy optimization are an integral part of the simulation. Data collection efforts, data mining algorithms, predictive modeling technologies and strategy development methodologies define the analytic value chain of a business operation: data→models→strategies→profit. Inputs to the simulator include consumer data and potential actions to be taken regarding a consumer or account. The invention maps what is known about a consumer or an account and the potential actions that the business can take on that consumer or account to potential future financial performance. After iteratively performing simulations using varying inputs, modeling the effect of the innovation on a profit model, the simulator outputs a prediction of the commercial value of an analytic innovation.12-18-2008
20080288394Risk management system - An automated method and system (11-20-2008
20120296807System and Method for Independently Authorizing Auxiliary Communication Services - Systems and methods which determines the likelihood that a calling (or in some cases the called) user will pay for a particular auxiliary service are described. A system of an embodiment considers the user's credit risk and his/her propensity to pay, when deciding if the user is eligible for a particular auxiliary service. A methodology used for determining propensity to pay for an auxiliary service according to embodiments is independent from a determination of propensity to pay for a basic calling service. Thus, the criteria used, and the weight given to each criteria, for determining eligibility for auxiliary services can be different from the criteria and criteria weight used for basic communication connections.11-22-2012
20120296805COMPUTING SYSTEM SUPPORTING ONLINE PURCHASES - Computer code for, a method of, and a system for supporting financing of products offered for sale. The invention may include delivering personal credit information of the buyer for use in analyzing the buyer's credit. If qualified, the buyer is provided with the amount he or she is approved for, along with at least one product that he or she may purchase. The invention may also complete the sales transaction.11-22-2012
20080319897APPARATUS AND METHOD FOR SIMULATING AN ANALYTIC VALUE CHAIN - A computer-implemented simulator models the entire analytic value chain so that data generation, model fitting and strategy optimization are an integral part of the simulation. Data collection efforts, data mining algorithms, predictive modeling technologies and strategy development methodologies define the analytic value chain of a business operation: data→models→strategies→profit. Inputs to the simulator include consumer data and potential actions to be taken regarding a consumer or account. The invention maps what is known about a consumer or an account and the potential actions that the business can take on that consumer or account to potential future financial performance. After iteratively performing simulations using varying inputs, modeling the effect of the innovation on a profit model, the simulator outputs a prediction of the commercial value of an analytic innovation.12-25-2008
20120296804System and Methods for Producing a Credit Feedback Loop - Some embodiments provide a credit feedback loop system that directly identifies credit that is available to a credit seeker based on recent credit that others with similar qualifications (e.g., credit scores) as the credit seeker have obtained. The credit feedback loop system establishes a reciprocal system to benefit credit providers and credit seekers. The credit providers participate by providing information about the credit they have recently extended to credit seekers. In return, the credit feedback loop system acts as a lead generation platform for the credit providers by identifying potential new credit seekers. A credit seeker benefits by obtaining a direct and accurate measure of its available credit without having to divulge confidential information. In so doing, the credit feedback loop system allows a credit seeker to accurately identify its available credit and be quasi-preapproved for credit without having to apply for credit from any single credit provider.11-22-2012
20080288393Credit Worthiness Rating Method - A method of providing a credit worthiness rating, comprises receiving an identifier of an electronic device, such as a telephone number (11-20-2008
20110208639IDENTITY VALIDATION FOR FINANCIAL TRANSACTIONS - Systems and methods for validating a party's identity for facilitating peer-to-peer loan transactions are provided. Drivers of a fleet of parcel delivery vehicles associated with a particular common carrier are used to collect information validating a party's identity. As part of a scheduled parcel delivery, or as an independent stop specifically for identity validation, a driver visits an address associated with a party (e.g., a consignor or consignee) and confirms the party's association with the address, such as by visually inspecting the party's driver's license or other identifying document. Information regarding the party's association is provided to a system accessible by a peer-to-peer lending facilitator. Input from the drivers relating to the association may be transmitted to a server via the driver's handheld device. The information can be used by the peer-to-peer lending facilitator to determine a level of risk associated with entering into a loan transaction with the party.08-25-2011
20080270296Method and system for operating a risk management call center - Operating a risk management call center. The systems and methods receive a risk related inquiry; automatically locate the associated financial account data; display appropriate workflows on a graphical user interface; perform workflows comprising automatic navigation among the steps; ensure compliance with certain predetermined rules specific to a account-provider, business, or regulation; and store all activity and data related to each risk related inquiry. The systems and methods include an agent workstation, a workflow engine, a host computer system, and a workflow database. The agent workstation communicates with the workflow engine, which stores the workflows. The workflow engine communicates with the host computer system to access the financial account data. The workflow engine also communicates with a workflow database, which stores all activity and data related to each risk related inquiry for purposes of tracking, billing, statistics, and research.10-30-2008
20080270295Method and Apparatus for Real Time Online Credit Approval - A system and method are described for providing real time approval of credit over a network. The method includes obtaining applicant data from an applicant. The applicant data is analyzed into a form suitable for directly obtaining a credit report from a credit bureau for the applicant. A credit report having credit report data is obtained from a credit bureau for the applicant. It is then determined whether to accept the applicant using the credit report data and it is communicated to the applicant that the applicant has been approved.10-30-2008
20080270294Method and Apparatus for a Verifiable On Line Rejection of an Applicant for Credit - A system and method are disclosed for presenting a reason for the rejection of 10-30-2008
20090119203Method and system for equalizing debt balance and fixed asset value in reverse mortgages - A method and system for debt-to-asset-value balancing of a reverse mortgage benefiting both the lender and the borrower. Options and mechanisms are provided for equalizing borrower debt balance with appraised fixed assets of the reverse mortgage.05-07-2009
20100145847Macroeconomic-Adjusted Credit Risk Score Systems and Methods - Various embodiments of the present invention provide systems and methods for automatically compensating an individual's credit risk score for macroeconomic data. In particular, various embodiments provide systems and methods to determine a macroeconomic risk score. In addition, various embodiments provide systems and methods to determine an adjusted credit risk score for an individual based on the individual's credit risk score and a macroeconomic risk score that serves as a scale adjuster to keep overall delinquency and/or loss rates in line as economic factors change.06-10-2010
20090099960SYSTEMS AND METHODS FOR ANALYZING DATA - Information regarding individuals that fit a bad performance definition, such as individuals that have previously defaulted on a financial instrument or have declared bankruptcy, is used to develop a model that is usable to determine whether an individual that does not fit the bad performance definition is more likely to subsequently default on a financial instrument or to declare bankruptcy. The model may be used to generate a score for each individual, and the score may be used to segment the individual into a segment of a segmentation structure that includes individuals with related scores, where segments may include different models for generating a final risk score for the individuals assigned to the particular segments. Thus, the segment to which an individual is assigned, which may be determined based at least partly on the score assigned to the individual, may affect the final risk score that is assigned to the individual.04-16-2009
20090055309ONLINE SYSTEM FOR FULFILLING LOAN APPLICATIONS FROM LOAN ORIGINATORS - A loan submission and processing system, methods, apparatus and computer program products. One example method includes receiving user specified input relating to a loan application, storing the user specified input in a loan application file, determining a partner system that is to receive data related to the electronic loan application including dynamically determining a format and contents required to present a service request to the partner system for processing by the partner system, dynamically formatting the user specified input and any other required content into a service request, the service request compatible with the partner system and including the user specified data and the other required content and transmitting the service request to the partner system.02-26-2009
20110270740SYSTEM AND METHOD FOR MANAGING MORTGAGE LIFECYCLES - A method, a system and a computer program are provided for creating unprecedented transparency in mortgage markets. The system includes a fully integrated, web-based exchange platform that provides lenders, buyers, securitization participants and regulators all access to real-time reporting of housing market data. System technology stores and analyzes data on consumer profiles, approved and denied mortgage applications, appraisals and vendors, and any services they provide to any mortgage application. The data can then be used by regulators for forensic and predictive analysis that will support their ability to better manage fraud and predatory lending practices or any other aspect of the mortgage lending process. It will also enable better purchasing decision-making for home buyers. The system technology has the ability to drive system-wide accountability.11-03-2011
20090119202SYSTEM AND METHOD FOR ADMINISTERING MULTIPLE LINES OF CREDIT - Ways are provided to allow a credit card issuing financial institution and the card member to customize a credit card account by defining an unlimited number of special-purpose lines of credit, while maintaining the overall risk at or below the overall line of credit. The individual specialized lines of credit share the overall line of credit, where the total amount of credit actually extended to the card member based on one or more of the specialized lines of credit is limited by the overall line of credit. To provide flexibility in allocating credit toward a plurality of different expenses, the sum of all of the individual lines of credit is preferably greater than the overall line of credit. Therefore, numerous special-purpose lines of credit are created for promotional, budgetary, fraud prevention, or other purposes, without negatively affecting the consumer's credit profile and/or credit score.05-07-2009
20090164363Computer-Implemented Methods, Program Product, And System For Micro-Loan Product Management - Embodiments of the present invention include methods, program product and systems for card and bank product management. An embodiment of a method of advancing funds to a banking customer, for example, includes establishing a line of credit with a bank through an on-line access interface with the bank, determining whether access to funds through the line of credit should occur for a customer transaction and providing one or more preselected increments of funds for the customer transaction. A cumulative amount of the one or more preselected increments, for example, can be less than a total available line of credit for a customer having an established line of credit with the bank. The method further includes decrementing the total available line of credit by the cumulative amount of the one or more preselected increments provided for the customer transaction and a predetermined fee amount for each preselected increment of funds.06-25-2009
20090164364Computer-Implemented Methods, Program Product, And System To Enhance Banking Terms Over Time - Managing access to a line of credit, for example, can include a financial institution computer determining eligibility for a line of credit program responsive to a consumer's prior enrollment in a prepaid card program and one or more of the following: the consumer's historical direct deposit data, and data associated with the consumer's historical behavior in the prepaid card program. The financial institution computer can extend an amount of available credit to the consumer through the line of credit program so that a consumer credit limit is capped through underwriting criteria to ensure that no more than a predetermined percentage of a consumer's historic direct deposit amount is required for minimum repayments. The financial institution computer can farther receive loan repayments over one or more predetermined direct deposit periods and change the consumer credit limit by preselected increments responsive to a change in the consumer's direct deposit amount.06-25-2009
20090164365SYSTEMS AND METHODS FOR PERFORMING A SIMPLIFIED RISK ASSESSMENT - Systems and methods for performing a simplified risk assessment are provided. A historical transaction value for past transactions associated with related promissory payments is maintained. A request is received from a merchant to determine authorization of a financial transaction associated with a proffered promissory payment. The historical transaction value associated with the related promissory payments is accessed and determination, based on the historical transaction value, of whether to authorize the financial transaction based on a risk score or whether to authorize the financial transaction based on data stored in a negative database is made.06-25-2009
20090164362System and Method for Funding Loans - The problems presented in loan funding industry are solved by the systems and methods of the present invention. In accordance with one embodiment of the present invention, a system is provided where a borrower applies for and is approved for a loan remotely after which the borrower is provided with data, the borrower then enters the provided data into an automated teller machine and the automatic teller machine verifies the amount to be dispersed and disperses the amount to be lent to the borrower.06-25-2009
20090144188APPARATUS, SYSTEM AND COMPUTER PROGRAM PRODUCT FOR A PAPERLESS CREDIT APPLICATION PROCESS - An apparatus, system and computer program product are provided for a paperless credit application process. Using the apparatus, system and computer program product a customer may enter a dealership, complete a credit application, obtain a credit report, provide any necessary supporting documentation, and receive credit allowance determination, without a physical document ever being created. The system may include a Tablet, through which the customer can complete and transmit an electronic credit application, wherein no record of the completed credit application or the information input by the customer remains on the Tablet. A Finance Server may receive the credit application and create an electronic file or “deal jacket” associated with the customer, in which the credit application and any other information associated with the customer may be stored. The Finance Server may then provide a web-based interface for accessing the deal jacket from any physical location via a secure communication channel.06-04-2009
20090287598Financial Institution-Based Transaction Processing System and Approach - Transaction processing for financial institution-based transactions is facilitated. According to an example embodiment of the present invention, a transaction processing approach involves the processing of financial aspects of a transaction between buying and selling parties using transaction rules associated with a sponsoring financial institution. Transaction-related information is processed as a function of business rules associated with the sponsoring financial institution to facilitate payment for the transaction and the assessment of fees associated with the transaction processing.11-19-2009
20090006245Method and system for administering linked loans - In one embodiment, the present invention comprises a method of managing more than one loan agreement pertaining to a single loaned sum repayable in one or more scheduled installment amounts comprising providing a first loan agreement and a second loan agreement and administering the two. The first loan agreement exists between a primary borrower and the loan originator and comprises a first set of terms by which the primary borrower makes first tier payments in repayment of the loaned sum. The second loan agreement exists between the primary borrower and a secondary borrower and comprises a second set of terms by which the secondary borrower makes second tier payments to the loan originator in repayment of the loaned sum obtained by the primary borrower and loaned by the primary borrower to the secondary borrower.01-01-2009
20090006246Method and System for Simulating an On-Line Credit Application - A system and method for testing an electronic or on-line credit application process is provided. The system and method, which may be run in a production environment, include selecting at least one fictional credit applicant entity from an entity database. A script database then executes one or more predetermined test scripts using the information from the entity database to simulate a real credit application through the electronic or on-line process. Screen shots or other data may then be recorded such that a tester may review the process to ensure the system is properly operational.01-01-2009
20090063330METHODS AND SYSTEMS FOR ACTIVELY OPTIMIZING A CREDIT SCORE AND MANAGING/REDUCING DEBT - The invention provides various systems and methods for actively optimizing a credit score and reducing debt. The method includes receiving a credit report including credit accounts, balances, interest rates, and rate types for the credit accounts. The method further receives bank account and payroll information, as well as fixed and variable expense information. The method then generates a financial report based on the received information. Based on the financial report, the method calculates a payment amount, and determines available unassigned income. An allocation of the available income for debt reduction and credit score optimization is received, and the method dynamically allocates the funds to pay the credit accounts, the fixed expenses, and variable expenses such that the customer's debt is reduced and the customer's credit score is improved.03-05-2009
20090144191METHOD AND COMPUTER NETWORK FOR CO-ORDINATING A LOAN OVER THE INTERNET - The invention relates to a method and a computer for coordinating an electronic credit application between an Internet user and a plurality of lending institutions via the Internet. This method involves displaying documents in a web site, and receiving credit data forming placed on the web site. After receiving this data a special loan processing computer applies a filter to the data. The filter comprises loan selection criteria provided by lending institutions which allows these institutions to filter out loan applications that they do not want. Next, after the data is filtered, it is transmitted to a plurality of lending institutions. Finally, the computer and the method then controls and coordinates communication between these lending institutions and the Internet user to match borrowers and lenders via the Internet.06-04-2009
20090144190Programmed dispensing of consumable compositions - Methods and systems for programmed dispensation of consumable compositions are provided.06-04-2009
20090144189Programmed dispensing of consumable compositions - Methods and systems for administering consumable compositions according to a programmed dosing schedule are provided.06-04-2009
20090327120Tagged Credit Profile System for Credit Applicants - Embodiments of user profile tagging process for an online credit application system are described. The process stores keywords represented as tags relating to various characteristics of the user. These characteristics can include objective information regarding the user, and subjective information, such as user preferences, background, affiliations, behavior patterns, and so on. A query function allows a querying user to input query tags to determine an aggregate or mean credit score for users who have certain characteristics. In response to a user query, the system identifies all other users that match the query tags entered by the querying user. The system calculates the aggregate credit score for these other users and displays this aggregate score relative to the credit score of the querying user.12-31-2009
20090259586METHOD AND COMPUTER NETWORK FOR CO-ORDINATING FINANCIAL SERVICES/PRODUCTS - The invention relates to a method and a computer for coordinating an electronic qualification form between a consumer and a plurality of financial service providers and wholesale investors. After receiving qualification form data, a special processing computer applies a filter to the data. The filter comprises selection criteria provided by financial service providers and wholesale investors which allows these organizations to filter out qualification forms that they do not want. After the data is filtered, the qualification form can be transmitted to those organizations who match the data in the qualification form based on the filtration. According to one exemplary aspect, a financial coordinator who runs a computer matching engine can be a single point of contact for a consumer with respect to several wholesale investors of the financial coordinator who may offer the consumer financial products or services.10-15-2009
20090024518Automated system of supply and demand pairing - An automated system of pairing money supply with loan demands. The system operates by pairing conformity with offered loans and their criteria with available supplies of funds. Employing networked computers with software adapted to the task, the system operates to match available funds with loan requirements for individuals and all types of business entities.01-22-2009
20090024517SYSTEMS AND METHODS FOR MAKING STRUCTURED REFERENCE CREDIT DECISIONS - A structured reference credit decision device includes a database configured to store information related to applicants, potential customers, referencers, potential referencers, lenders, and other third parties, a fetch data component coupled with the database, the fetch data component configured to receive input application information, fetch relevant information from the database, based on the application information, related to a subject applicant of the input application information and at least one referencer, and generate a plurality of linked data packages based on the fetched information, and an evaluation device coupled with the fetch data component, the evaluation engine configure to apply credit outcome models to the plurality of linked data packages and generate a recommendation relative to the subject applicant or application.01-22-2009
20110225085INFORMATION PROCESSING APPARATUS, INFORMATION PROCESSING METHOD, AND PROGRAM PRODUCT - Aspects of the invention relate to creating virtual data of an effective obligor number N based on setting information, determining ratings after transition of the virtual data for a plurality of scenarios according to rating transition data representing transition of each rating, calculating a risk amount for each of the scenarios based on the rating after transition of the virtual data and specifying a risk amount corresponding to a confidence level as a predicted risk amount of the virtual data, setting a minimum effective obligor number N among the effective obligor numbers N when predicted risk amounts smaller than an allowable risk amount are specified, as a diversification object number, and calculating a credit limit based on the set diversification object number and a total credit.09-15-2011
20090043690SYSTEM AND METHOD FOR VALIDATING INDIRECT FINANCING TRANSACTIONS - A computer-implemented system and methods for electronically validating indirect financing transactions using various validation rules are described. The system is configured to collect from various independent finance sources information about available automobile financing programs, including various credit application validation rules. The system receives from automobile dealer credit application information, which may be provided via one or more electronic worksheets. The system validates accuracy of the application data using pre-submission validation rules and forwards the validated credit application to the associated finance source for approval. After submission of the credit application for approval, the system may receive additional changes to the application from the dealer. The system is configured to validates accuracy of the changed information using post-submission validation rules and notify the finance source if any validation rules were violated by the dealer.02-12-2009
20090248568CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20090248567CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20090063328Systems and Methods for Consumer Mortgage Debt Decision Support - The subject of debt and home mortgage financing play a critical role in consumer finance, yet its treatment within the framework of personalized financial planning has lagged in relation to breadth and complexity of debt instruments that are commonly available in the marketplace.03-05-2009
20090063329Method and System for Loan Application Non-Acceptance Follow-Up - Methods and systems for facilitating post offer communication with a prospective borrower using an on-line lending system (03-05-2009
20090055310Computer System for Financing Ownership of a Vehicle - A computer system for financing ownership of a vehicle is disclosed. The computer system includes a computer application for implementing the following steps on a computer: calculating an amount financed of a RIC or loan for financing the purchase and ownership of a first vehicle at or before inception of the purchase; at or before inception of the purchase, determining a first payment amount for each of a plurality of first payments to occur before a decision point and a second payment amount for each of a plurality of second payments to occur after the decision point, the first payment amount being a predetermined percent lower than the second payment amount; and prompting contact of the customer based on the decision point to promote trade-in of the first vehicle.02-26-2009
20120078779Real Estate Financing System and Method - A method for facilitating and reducing the risk for both the homebuyer and the investor providing the funds for the purchase of a home includes requiring that the homebuyer execute a non-recourse finance agreement agreement at the time of the purchase of the home. The purchase of the purchase will also include a non-recourse forfeiture agreement by which the homeowner or the investor providing the funds for the purchase of the home may enable the purchase of the home from the homeowner by the investor providing the funds for the purchase of the home.03-29-2012
20120078778SYSTEM, METHOD AND COMPUTER PROGRAM STORAGE DEVICE FOR DETECTING SHORT SALE FRAUD - A short sale monitoring system, method and computer program product assist in identifying potential fraudulent activity associated with short sale real estate transactions. A processing circuit receives property identification information for a property, a short sale notification regarding a short sale of the property, and a short sale price. The processing circuit then queries a database of loan records to identify a corresponding loan application for the property. The loan application is at least one of a pending loan application and a closed loan application for the property. The processing circuit then generates a notice when (1) the short sale price is less than a predetermined amount with respect to a price included in the loan application, and (2) a date of the loan application is within a predetermined time of a closing date of the short sale.03-29-2012
20090099957METHOD OF TRANSFERRING MORTGAGES AND LOANS - Embodiments of the present invention relate loan agreements, in which a second security may be substituted for an initial security. The substitution may be contingent upon specific characteristics, related to, for example, the second security, the outstanding loan, the initial loan, or the lender.04-16-2009
20090099959METHODS AND SYSTEMS OF PREDICTING MORTGAGE PAYMENT RISK - A method for detecting a risk of payment default comprises receiving mortgage data associated with a mortgage application, the mortgage application associated with an applicant, determining a first score for the mortgage data based at least partly on one or more models that are based on data from a plurality of historical mortgage transactions and based on historical credit information related to the applicant, and generating data indicative of a risk of payment default based at least partly on the first score.04-16-2009
20090099958Method for use in determining the value of an automobile - Method for use in Determining the Value of an Automobile The present invention discloses a method for providing increased underlying value of an automobile based on the number of year(s) within a period of a conventional hire-purchase contract or term loan. Accordingly, the underlying value is increased each year within the said period and therefore the owner may re-sell the automobile at a higher price, prior or after completion of the hire-purchase contract or term loan.04-16-2009
20080262962System and method for coordinating student loans - A system and method that allows coordination of loans by providing a web site where borrowers can enter personal information and receive a listing of multiple lending institutions interested in entering into loan agreements with those borrowers. Other applications of the system and method include, but are not limited to, tracking referrals of borrowers to lending institutions made based on selection criteria submitted by the lending institutions and personal information submitted by the borrower for purposes of collecting a referral fee from the lending institution paid to referring agents.10-23-2008
20090106141Systems and Methods for Minimizing Effects of Authorized User Credit Tradelines - Systems and methods for identifying, evaluating, and accounting for effects of authorized user trade lines are disclosed. The systems and methods incorporate use of credit characteristics that describe the nature of authorized user trade lines on a credit file or across credit files, and the influence of those authorized user relationships relative to the non-authorized user trade lines on the credit file in the evaluation of credit risk. Systems and methods incorporating these credit characteristics can be used in identifying any bias in perceived credit risk, in the evaluation of credit risk, or other credit-related evaluation.04-23-2009
20090210339METHOD AND SYSTEM FOR FLEXIBLE SCHEDULING OF REPAYMENT OF A LOAN - The present invention relates to a method, system and computer program product for displaying a flexible schedule for repayment of a loan. The method comprises computing an effective rate of interest on the basis of a nominal rate of interest and a compounding frequency and calculating installments to be paid based on a principal loan amount, a loan term, a disbursement date, the effective rate of interest and a predetermined set of parameters. Multiple installments of a fixed or variable amount can be paid in a particular period of time. The method facilitates entering user selected parameters such as accrual basis, bullet payment amount and period, payment holiday period and incrementing and/or decrementing installments in corresponding predefined period(s).08-20-2009
20090210340System and method for managing lending - An aspect of the present invention provides a method for managing lending, comprising registering participants in a network, linking registrations of participants to form connections between two or more participants, and receiving a request for a loan from a debtor participant registered on the network. The method further comprises transmitting the request to participants linked to the debtor participant, receiving offers to lend money from lender participants in response to the request from the debtor participant, and receiving input from the debtor participant related to acceptance of selected offers.08-20-2009
20090222378TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090222380TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090222379TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090222377TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090222376TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090222375TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090222374TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20120197782CALCULATING CREDIT WORTHINESS USING TRANSACTIONAL DATA - Aspects of the invention provide for the use of transactional data in determining credit and product offerings. Further aspects of the invention provide for generating financial statements and indices using transactional data for use by users and/or financial institutions. The transactional based financial statements and indices may be used for making underwriting and financial planning decisions.08-02-2012
20090240618Method of detering parameters of long-term lease - There is disclosed a technique for determining parameters of a long-term lease of an asset. The method involves determining a set of payments defining an amortisation path from an initial value (A) to a final residual value (M) of said asset over a long-term lease period, and determining a plurality of sets of short-term lease payments such that the plurality of sets of short-term lease paths define respectively one or more interim short-term lease paths (ADF, DGI, GJL) and a final short-term lease path (JM), each interim short-term lease path (ADF, DGI, GJL) consisting of an amortisation portion that corresponds to said amortisation path (AD, DG, GJ) for a respective short-term lease period and a termination amortisation portion (DF, GI, JL) that links the amortisation portion to a short-term termination value falling on a residual value path to said final residual value at a position such that the short-term lease corresponding to the short-term lease path satisfies a predetermined value condition, and the final short-term lease path (JM) consisting of an amortisation portion, whereby the plurality of amortisation portions of the interim and final short-term lease paths correspond collectively to said amortisation path.09-24-2009
20080319896CARDLESS CHALLENGE SYSTEMS AND METHODS - Systems, methods, and apparatus for handling and/or authorizing payment requests by a consumer for a transaction are provided. Challenge questions may be presented from the non-merchant to the consumer after receiving the payment information, thereby allowing a judicious determination of when to ask such challenge questions and allowing complex and probative questions. The time limit for such challenge questions may advantageously be unconstrained, while still preserving security. Also, a risk analysis may be started prior to the consumer submitting payment information, thus allowing an efficient and complex risk analysis. Information about an access device used by the consumer may be obtained at the non-merchant from the access device with code sent to the access device from the merchant, and the device information may be used in the risk analysis.12-25-2008
20100274709ONLINE METHOD OF PROCURING MORTGAGE LOANS - A method for prioritizing candidate wholesale loan lenders in response to a loan request by a mortgage broker for a client including establishing a lender database serving as a repository of electronic client files generated by said mortgage broker in connection with a client's loan request, permitting subscribing wholesale lenders to access to said lender database via a network, allowing the lenders access said electronic client files from said lender database according to a permission associated with each electronic client file, forwarding via said lender database responses to said mortgage broker, and assigning a hierarchy of the selected subscribing wholesale lenders' responses to said loan request.10-28-2010
20090259585EVENT-DRIVEN CREDIT OFFERS - A system may include detection of an event indicating a potential future credit need, identification of a person based on data associated with the event, determination of a credit product based on the detected event, and determination of whether the person qualifies for the credit product based on a creditworthiness of the person. In some aspects, the determination of whether the person qualifies for the credit product includes determination of a creditworthiness requirement associated with the credit product, and determination of whether the creditworthiness of the person satisfies the creditworthiness requirement.10-15-2009
20120197781ADVANCE BLOCKING AND PAYMENT HOLDING STRATEGIES - Embodiments of the invention are directed to systems, methods and computer program products for identifying risk patterns for accounts based on a plurality of rules, and executing risk mitigation routines for those accounts for which risk patterns have been identified. If an advance block risk pattern is identified for an account, an advance block routine is executed for the account. If a payment hold risk pattern is identified for an account, a payment hold routine is executed for the account.08-02-2012
20080215482Mortgage loan data processing system and method for a loan broker - The present invention includes a data processing system and method for managing the origination of a mortgage loan by a loan originator in coordination with a loan broker for a loan customer. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.09-04-2008
20080215481Method and apparatus for monitoring guaranteed loans and notifying guarantors - A method and apparatus are provided for notifying a guarantor associated with a guaranteed loan of events likely to affect their interest in the guaranteed loan. The disclosed method and apparatus provides loan data with information on at least one guaranteed loan wherein the loan data includes information on the terms of the loan. The method and apparatus then monitors changes in the loan data and determines when changes in the loan data corresponding to the at least one guaranteed loan indicates a likelihood that the terms of the loan may not be met. Based on the determination the method and apparatus provides a notification to the guarantor based on the determination that the loan terms may not be met.09-04-2008
20100241557Computerized Extension of Credit to Existing Demand Deposit Accounts, Prepaid Cards and Lines of Credit Based on Expected Tax Refund Proceeds, Associated Systems And Computer Program Products - Systems, computer program products, and computer-implemented methods apply or otherwise make available new credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of a customer based on expected tax refund amounts. A computerized estimate of the tax refund available from a tax return of the customer is formed. A portion of the computerized estimate of the tax refund which can be made available as the line of credit is then determined. The existing line of credit is then adjusted based on the expected refund determined to be available, which will serve as an additional source: of repayment for the line of credit. One or more of several adjustments may then be made to an existing line of credit: the line of credit may be increased; fees reduced; or the terms of payment adjusted. The invention may be implemented as a computerized process, a computer system or a computer program product.09-23-2010
20100153260RISK IDENTIFICATION SYSTEM AND METHODS - The present invention relates to a system and methods by which the risk associated with a new opportunity or new or ongoing relationship may be assessed. An example of such new opportunity or new relationship for which the present invention may be used to assess the risk is that concerning a potential new customer of a financial institution. The risk assessment of the present invention may be used to assess whether a new customer should be taken on as a customer and, if so, to what extent should the possible full range of account benefits be provided to the new customer. Other applications include assessing risk regarding a candidate for employment, assessing casualty loss and/or repayment risk in the insurance industry, and assessing risk in a landlord tenant relationship to determine whether or not to rent to the prospective tenant and if so, the amount of the security deposit.06-17-2010
20100241556SYSTEM AND METHODOLOGY FOR MANAGING COMPLIANCE OF MORTGAGE LOANS TO HOMEOWNERS - A computer-implemented system and method for mortgage lending management and compliance receives, from a user, lending transaction data for a loan, property and a borrower; automatically determines if the loan complies with legal requirements and/or requires counseling based on the presence of one or more triggers (i.e., indicia of subprime or predatory lending) in the data, and notifying parties of the determination; and receives, from a counselor, counseling data for the loan and borrower. After any necessary counseling has been obtained and the counselor supplies all needed data, a certificate may be generated evidencing a counseling determination. The certificate may be transmitted to an office of a recorder for a jurisdiction in which the property is located. Suspicious activity may be flagged for appropriate investigation and remedial action by an administrator. Further progress may be halted until the administrator provides responsive input.09-23-2010
20090076948FIXED RATE GRADUALLY STEPPED PAYMENT LOAN - A gradually stepped payment (GSP) mortgage loan at a fixed rate of interest has payments that are gradually increased over much or all of the loan term. The payments may be increased monthly, annually or on other schedules. The increments are predefined at the beginning of the loan so that the borrower may account for and predict the changes. The general method for creating the GSP loan is to start with a predefined loan amount, initial payment amount, interest rate and loan term. Given these four constants, a lender calculates the growth rate by which the loan payments increase for half or more of the term to produce a desired present value equal to the principal balance of the loan. The growth rate may also be affected by other predefined factors affecting the current value calculations, such as the timing and duration of the payment increases. The growth rate is neither a whole percent nor half of one percent (or combination thereof).03-19-2009
20100241558MORTGAGE FRAUD DETECTION SYSTEMS AND METHODS - Mortgage fraud detection systems and methods are provided. A fraud detection system can generally comprise a database operator, a database manager, one or more users, and a database. Database components can be implemented as hardware, software, or a combination of both. A fraud detection method can generally comprise providing a database for maintaining a plurality of records. Data records can be continually received by a database in batchwise or single submission protocols. Records can be compared to determine whether they contain common data in one or more predetermined fields. If records contain common data in one or more predetermined fields, records can be examined for inconsistencies in one or more other data fields. Discovered inconsistencies and magnitudes of inconsistencies can be warning signs of fraud. Results of comparisons can be reported to system users to enable such users to investigate additional circumstances. Other embodiments and features are also claimed and described in the application.09-23-2010
20120173406System and Method for Rapid Updating of Credit Information - According to one embodiment, the invention relates to a system and method for evaluating the creditworthiness of an account holder of a credit account comprising the steps of determining, at least once a day, whether a first data set relating to the creditworthiness of the account holder has been received from a credit reporting organization; determining, at least once a day, whether a second data set relating to transaction activity of the credit account has been received; periodically receiving from a credit reporting organization a third data set relating to the creditworthiness of the account holder; periodically receiving a fourth data set relating to the historical activity of the credit account; and using the first and second data sets, to the extent they have been received, and the third and fourth data sets to determine a measure of creditworthiness07-05-2012
20100250430SYSTEMS AND METHODS FOR DETERMINING A FINANCIAL HEALTH INDICATOR - Systems, methods, and computer program products are provided for a financial health indicator. The financial health indicator provides a dynamic indication of a user's financial health in terms of their current credit worthiness and their current ability to save in relation to a budget. In this regard, the financial health indicator is based on a user's credit report score, such as one or more FICO type credit scores and the user's savings as indicated by a budget tracking system. In embodiments of the invention in which the financial health indicator is implemented in conjunction with a budget tracking system, the financial health indicator provides necessary feedback to the user that serves to inform the user as to how they are performing in terms of staying on track to their individual budget allocations. Additionally, in certain embodiments, the provider of the budget tracking system may provide for awards based on achieving a predefined financial health indicator level and/or score.09-30-2010
20090248572CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20090248571CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20090248569CONSUMER BEHAVIORS AT LENDER LEVEL - The present invention generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present invention relates to rating consumer lenders based on the predicted spend capacity of their consumers.10-01-2009
20130218750Strategic Loan Default Scoring - A strategic default score is determined for an entity that characterizes a likelihood of the entity voluntarily electing to default on a loan. Data characterizing credit data and valuation data of an asset owned by the entity is received. Using the received data, the strategic default score is generated which characterizes a likelihood of the entity to voluntarily elect to default on the loan when the entity is capable of paying-off the loan. Provision (e.g., display, transmission, storage, etc.) of the strategic default score is then initiated. Related apparatus, systems, techniques and articles are also described.08-22-2013
20130218751SYSTEMS AND METHODS FOR DETERMINING THIN-FILE RECORDS AND DETERMINING THIN-FILE RISK LEVELS - In some embodiments, systems and methods are disclosed for generating filters to determine whether a consumer is likely to have a scoreable credit record based on non-credit data, and to determine a potential risk level associated with an unscoreable credit record based on non-credit data. Existing scoreable and unscoreable records are compared to determine factors correlated with having an unscoreable record, and a multi-level filter is developed. Unscoreable records having at least one entry are compared to determine whether they are “good” or “bad” risks, factors correlated with either condition are determined, and a filter is developed. The filters can be applied to records comprising demographic data to determine consumers that are likely to have unscoreable records but represent good risks.08-22-2013
20130218752SYSTEM AND METHOD OF EXPEDITED CREDIT AND LOAN PROCESSING - A system and method of expedited credit approval and lending for an applicant initially pre-qualifies the applicant using an input device to obtain predetermined applicant identification information and transmits the applicant identification information to the credit and loan processor computer which verifies the applicant identification without pulling credit. If verified, applicant answers predetermined prescreen question to initially pre-qualify the applicant and the applicant's answer is compared to a predetermined lender/dealer criteria for the prescreen question to determine whether to continue with the loan application if the applicant's answer meets the predetermined lender/dealer criteria or end the loan application if the predetermined lender/dealer criteria is not met, before pulling credit. The source or transaction originator is notified of the decision. The credit and loan processor software program continues to pre-qualify the applicant using stated debt to income ratio for a selected loan type and if pre-qualified, then processes full credit.08-22-2013
20080319895SYSTEM FOR MATCHING BORROWERS AND LENDERS - A system and method are disclosed for a borrower to obtain and/or evaluate desired financial services. Personal information from the borrower is obtained and recorded. A credit grading for the borrower is determined based on the personal information, and based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower. The credit grading is determined by an independent entity (or its computer system) that will not provide the financing to the borrower. The financing may be a loan, such as a mortgage loan or an auto loan or the financing may be the issuance of a credit card or a line of credit. The independent entity may also compile a comparison of closing costs associated with the financial transactions.12-25-2008
20090222373TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.09-03-2009
20090192934Consumer Lending Using A Money Transfer Network Systems And Methods - A method of lending money includes receiving a loan application from a consumer. The consumer is a prior customer of a money transfer service provider. The method also includes using information indicative of the consumer's prior usage of services provided by or through the money transfer service provider to approve the loan application. The method further includes using a money transfer network to provide loan proceeds to the consumer or a designee of the consumer and/or transfer loan payments associated with the loan application. In some embodiments using information indicative of the consumer's prior usage of services provided by or through the money transfer service provider to approve the loan application includes approving the loan in the absence of a credit report on the consumer. The method also my include using the consumer's usage history of pre-paid accounts serviced by the money transfer service provider to approve the loan application.07-30-2009
20090319420SYSTEM AND METHOD FOR ASSESSING COMPLIANCE RISK - Institutional risk is calculated by collecting information about the products and services offered by an institution and assigning a risk value to each product and service. Other aspects and components of an institution are also assigned risk values. The various risk values are calculated along with institutional controls that are in place to mitigate risk in order to determine an overall residual risk assessment for the entity. Forecasts can be made for an institution by adding new or subtracting current business activities and/or institutional controls and calculating an alternative overall residual risk assessment.12-24-2009
20120143747RETAILER DEBIT CARD SYSTEM - Methods for soliciting and enrolling customers for a retailer payment instrument are disclosed. For example, a method is disclosed for enrolling a customer for a retailer debit card which includes receiving enrollment data from the customer, establishing a check writer rating for the customer based on a history of checks associated with the customer and stored by the retailer, adjusting a validation threshold score based on the check writer rating, and denying enrollment of the customer if the validation score is less than the adjusted validation threshold score. Other associated methods and systems are also disclosed.06-07-2012
20080281751COLLATERAL REQUIREMENTS MATCHING AND DISPUTE RESOLUTION - A collateral management method for a plurality of parties, each of the parties having a collateral requirement with at least one other party of the plurality of parties is disclosed, the method including matching the collateral requirements of the plurality of parties to determine a net collateral requirement of a party of the plurality of parties to one or more other parties of the plurality of parties, and making available for that party the net collateral requirement of that party.11-13-2008
20090112753APPLICATION PROCESSING AND DECISION SYSTEMS AND PROCESSES - The present invention relates to application processing and decisioning systems and processes. One embodiment of the invention includes a method for automating decisioning for a credit request associated with an applicant. The method includes providing a user computer interface adapted to receive information associated with an applicant, and further adapted to display and receive information associated with at least one decision rule. The method also includes receiving information associated with an applicant through the user computer interface; receiving information associated with the applicant from at least one data source; and receiving a selection of information associated with a plurality of decision rules through the user computer interface. Furthermore, the method includes receiving a selection of rule flow information associated with the plurality of decision rules through the user computer interface; generating a plurality of decision rules based at least in part on the information associated with the applicant, based at least in part on the information associated with the applicant from at least one data source, and based at least in part on the selection of information associated with a plurality of decision rules, wherein an outcome associated with the at least one decision rule can be obtained; and based in part on at least the rule flow information, displaying at least a portion of the plurality of decision rules through the user computer interface.04-30-2009
20090112752Distributed Scoring of Data Transactions - A data transaction is associated with a plurality of remote data sources so that a score may be generated that characterizes the transaction. The remote data sources are polled to obtain partial scores which can be used by a decisioning system to score the transaction. In some implementations, different scoring models may be used so that the data source is notified which scoring model to use when generating the partial score. Related techniques, apparatus, systems, and articles are described.04-30-2009
20100223179System and Method for Transaction Security - A system and method for controlling fraud in presentations, sales and transactions using electronic devices to collect biometric data or other identification from a person seeking access to a property or wishing to participate in a transaction. The device located on real property can communicate with a remote computer that decides whether to allow or deny access. Persons seeking access can be categorized, and different access procedures can be used based on the person's category. The system can track and record all accesses, egresses, offers and counter-offers made on the property or transaction and other types of data about the history of the participants, presentation, or transaction from when it is started until it is concluded. The devise will also be portable for transactions other than real estate specific09-02-2010
20100299246SYSTEMS AND METHODS FOR DETERMINING THIN-FILE RECORDS AND DETERMINING THIN-FILE RISK LEVELS - In some embodiments, systems and methods are disclosed for generating filters to determine whether a consumer is likely to have a scoreable credit record based on non-credit data, and to determine a potential risk level associated with an unscoreable credit record based on non-credit data. Existing scoreable and unscoreable records are compared to determine factors correlated with having an unscoreable record, and a multi-level filter is developed. Unscoreable records having at least one entry are compared to determine whether they are “good” or “bad” risks, factors correlated with either condition are determined, and a filter is developed. The filters can be applied to records comprising demographic data to determine consumers that are likely to have unscoreable records but represent good risks.11-25-2010
20090106142Method and system for reverse mortgage replication using remainder interests - Methods for providing remainder interests with protection to a seller and mitigation of the potential consequences suffered by related financial instruments. The protected remainder interest financial instrument includes submitting a seller to underwriting to accurately determine the seller's remaining life expectancy, and purchasing the protected remainder interest of an illiquid asset from the seller leaving the seller with a life estate. The method includes a client system for displaying information related to the transaction and inputting information related to the seller, illiquid asset, and the buyer. The client system is used to create a request to create the protected remainder interest. A server system accepts the request, stores the information in memory, and creates the protected remainder interest. The server system includes software for linking seller and buyers of protected remainder interests, which include terms of the protected remainder interest such as contingent sale or contingent purchase schedules.04-23-2009
20100299247Methods and Systems for Characteristic Leveling - Characteristic normalization (or leveling) is a process that yields consistent and equitable characteristic definitions across multiple sources of credit information. This leveling ensures that when the same data is present for multiple credit sources, for example two or more credit reporting agencies, it is interpreted in the same manner, acknowledging that differences in the data itself may still be present.11-25-2010
20080228635Reducing risks related to check verification - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide scores that describe a consumers spending capability, tradeline history including balance transfers, and balance information. Share of wallet scores can be used as a parameter for determining whether or not to accept and/or guarantee a check. The share of wallet can be used to calculate a risk value of a customer. For example, the scores can weight one or more factors related to the check writer and differentiate between a low-risk customer and a high-risk customer.09-18-2008
20130132266Computerized Mortgage Foreclosure-Capping System - Computerized capping of mortgage foreclosures.05-23-2013
20130132267TRANSACTION PROCESSING AND REMOTE ACTIVATION - An apparatus comprising equipment provides a principal functionality other than two-way communication. A computing device in the apparatus controls the equipment. The apparatus operates in a plurality of modes including an operational mode and a paid off mode. When the apparatus is in the operational mode, the computing device communicates with a remote computer and in response, receives an instruction that is based on a state of a financial account. Based on the received instruction, the computing device controls whether the equipment provides the principal functionality. When the apparatus is in the paid off mode, the equipment provides the principal functionality without being controlled by the computing device based on the state of the financial account. The apparatus transitions from the operational mode to the paid off mode based on a wireless communication from the remote computer resulting from an amount owed in the financial account being paid off.05-23-2013
20130132268SYSTEMS AND METHODS FOR RECOVERING VEHICULAR COLLATERAL - Systems and methods for securing collateral for a vehicle loan, when the loan is in a default condition. A Global Positioning System (GPS) tracking device may be installed within a vehicle which is a subject of the loan. If repossession of the collateral becomes necessary, all paperwork for the repossession may be automatically generated, and electronically submitted to the repossession agent. The repossession agent is able to receive location data for the vehicle through an application, such as a mobile “app.” After locating the vehicle, the repossession agent may visually inspect the vehicle, and then request that the vehicle be disabled via the application. The request may be received at a server, which then sends a signal to disable the vehicle. The repossession agent may then take possession of the disabled vehicle and return it to the lender.05-23-2013
20130132269METHOD AND SYSTEM FOR QUANTIFYING AND RATING DEFAULT RISK OF BUSINESS ENTERPRISES - A method for evaluating a risk of default for a business. The method includes categorizing commercial data into a plurality of commercial attributes, allocating each of the commercial attributes to at least one of a plurality of commercial modules, ranking each of the commercial attributes according to best-attributes for each one of the plurality of commercial modules, applying a logistic regression model to the best-attributes to yield a commercial score for each one of the plurality of commercial modules; and determining a commercial risk model score by combining all of the commercial scores for the plurality of commercial modules.05-23-2013
20100306101Credit Approval Monitoring System and Method - A credit approval monitoring system comprises a database system storing credit files for consumers. A monitoring processing system monitors credit reports of subscribing consumers and transmits messages indicative of changes in a subscribers credit report. A screening processing system screens credit reports to determine if credit applicants satisfy select criteria. A watch processing system is operatively associated with the monitoring processing system and the screening processing system for periodically requesting the screening processing system to determine if the credit report of a select consumer satisfies the select criteria and sending the determination to the monitoring processing system to notify the select consumer if the screening processing system determines that the credit report of the select consumer satisfies the select criteria.12-02-2010
20090070253Compilation and Analysis of Company Information - Information about a company is compiled from a plurality of public sources. The information is then analyzed to identify a plurality of relevant factors from the information. The factors are used to rate risks associated with the company. A profile is generated based on the factors to summarize the risks associated with the company.03-12-2009
20090037321SYSTEM AND METHOD FOR PROCESSING LOAN APPLICATIONS - A method for processing loan applications includes several steps, and may be practiced with a financial institution including an origination entity and a distribution entity. Loan applications are received from a plurality of applicants, at the origination entity. Each of the loan applications is submitted to an underwriting entity for evaluation, along with some information for each loan application. The underwriting entity approves or denies the loan applications. Each of the denied loan applications is reviewed at the distribution entity, to determine whether each denied loan application is acceptable for syndication or securitization. A message is communicated from the distribution entity to the origination entity, and includes an indication of whether one of the denied loan applications is acceptable for syndication or securitization. A system can include components for practicing the method.02-05-2009
20090037322SYSTEM AND METHOD FOR PROCESSING LOAN APPLICATIONS THROUGH COMPETITIVE BIDDING - A method for processing loan applications includes several steps. A financial institution is provided, including an origination entity and a distribution entity. Loan applications are received from a plurality of applicants. A website is provided for hosting a forum for competitive bidding among the distribution entity and a plurality of third-party entities, for each loan application. Access is provided to at least some information for each loan application by the distribution entity and the plurality of third-party entities through the website. A winner of the competitive bidding is determined for each loan application receiving at least one bid through the competitive bidding. A loan is created with the applicant corresponding to each loan application receiving at least one bid through the competitive bidding. Each loan is distributed to the winner of the corresponding loan application. A system can include components for practicing the method.02-05-2009
20130144776System and Method for Providing a Payment Instrument - A system and method for processing an online application for a payment instrument is described, in which user details are received, a payment instrument is assigned based on the received user details, wherein the payment instrument is associated with unique identifying data, and the user is informed of the assigned payment instrument by transmitting a first portion of said unique identifying data via a first communication channel, and transmitting a second portion of said unique identifying data via a second communication channel different to the first communication channel.06-06-2013
20100325036PAY YOURSELF FIRST WITH REVENUE GENERATION - The system identifies a revenue producing opportunity for a user. The system obtains information related to the user's income, income sources, user's debts (e.g., bills) and user's goals. The system identifies a revenue producing opportunity for the user by matching user information with information regarding the opportunities. The system further provides recommendations related to the prioritization of paying certain bills and the amount to pay for each bill based upon, for example, savings goals, a community recommendation, minimizing penalties/fees associated with user's debts, minimum amounts due, due dates and available income. The system and/or the user may then determine a payment hierarchy which includes transferring funds to the user's savings account prior to paying all or a portion of certain bills, wherein the transfer of funds may include different funds transfer systems and methods.12-23-2010
20100332381SYSTEM AND METHOD FOR AUTOMATED DETECTION OF NEVER-PAY DATA SETS - Data filters, models, and/or profiles for identifying and/or predicting the never-pay population (for example, those customers that make a request for credit and obtain the credit instrument but over the life of the account, never make a payment) can be useful to various commercial entities, such as those issuing mortgages, home equity lines of credit, consumer or business lines of credit, automobile loans, credit card accounts, or those entities providing services, such as utility services, phone services, and the like.12-30-2010
20110016042SYSTEM AND METHOD FOR TRACKING AND ANALYZING LOANS INVOLVED IN ASSET-BACKED SECURITIES - Embodiments of the disclosure are directed to providing unique loan identifiers to track loans involved in Asset-Backed Securities (ABS) throughout the life-cycle of the individual loans, in one embodiment, a unique loan identifier, for example, a loan number, may be appended to loan data at initiation of each loan, for example, at the application stage, to and/or beyond the retirement of the loan. The unique loan identifiers may allow disparate financial data sources such as the credit histories of the borrowers to be associated with the individual loans, even as the loans are repackaged and resold as ABS in the secondary markets. Thus, market participants such as loan servicers and investors can access current and historical data associated with the loans. Other embodiments are directed to analyzing the data associated with the underlying loans and providing the analysis to the market participants including servicers, investors, and underwriters.01-20-2011
20110016041Triggering Fraud Rules for Financial Transactions - Embodiments of the invention provide a method to process a transaction. At least one risk factor associated with a consumer account can be triggered by the transaction. The risk factor intersects the transaction with an associated fraud rule, which is in turn applied to the transaction. Risk factors can be customized by an issuer using a user interface.01-20-2011
20100179904SHARED APPRECIATION LOAN MODIFICATION SYSTEM AND METHOD - Embodiments of the present invention provide systems, methods, and computer program products for modifying the terms of a loan and for providing for a shared appreciation loan program. For example, in one embodiment the amount owed on an existing HELOC is split into two portions. A qualifying borrower can defer the obligation to pay interest and payments on a portion of the HELOC in exchange for sharing up to 50% of the future appreciation in the real property that serves as the underlying security for the HELOC. This mortgage plan can provide an incentive for the borrower to remain in the home since the borrower may be able to share in the appreciation of the home even if the home never appreciates beyond the full amount owed on the home, while at the same time preserving the borrower's credit rating and reducing the borrower's monthly payment. The bank may benefit from the mortgage plan by both reducing and deferring losses.07-15-2010
20110035315Methods and Apparatus for Directing Consumers to Debt Settlement Providers - A consumer having a delinquent loan is directed to a debt settlement provider by a data processing system comprising a data processor in signal communication with a memory. Initially, the data processing system obtains a credit report for the consumer reflecting at least a portion of the consumer's credit history. The data processing system then determines the delinquent loan of the consumer directly from this credit report. Finally, the data processing system transmits information about the consumer and the delinquent loan to the debt settlement provider.02-10-2011
20110112959SYSTEM FOR ANALYZING LOAN DATA - A system and method are disclosed for a borrower to obtain and/or evaluate desired financial services. Personal information from the borrower is obtained and recorded. A credit grading for the borrower is determined based on the personal information, and based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower. The credit grading is determined by an independent entity (or its computer system) that will not provide the financing to the borrower. The financing may be a loan, such as a mortgage loan or an auto loan or the financing may be the issuance of a credit card or a line of credit. The independent entity may also compile a comparison of closing costs associated with the financial transactions.05-12-2011
20110112958CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.05-12-2011
20110112957SYSTEM AND METHOD FOR ASSESSING CREDIT RISK IN AN ON-LINE LENDING ENVIRONMENT - A method and system assigns trust ranks to nodes from disparate sources, such as user profiles found in social networking websites across the Internet. The score assigned to a profile is calculated from the subjective scores given to it by the connected profiles that have ranked it, and weighted according to the scores of those connected profiles. The score and associated data are stored in a central server with a searchable database that communicates with one or more third party application servers. The score and associated data are displayed on social networking websites according to user-defined criteria and available for use by third party users to assess the risk of doing business with a user.05-12-2011
20110112956CREDIT FACILITIES MANAGER - The present invention provides computerized mechanisms for managing credit facilities. In one embodiment, computerized mechanisms coordinate and control communications between three types of entities that enable one entity to fund activity between a borrower and a lender. In another embodiment, the computerized mechanisms provide additional features to match each of the entities. In addition, other embodiments provide management mechanisms for managing the relationships between the entities that interface through their respective tools.05-12-2011
20110112955SYSTEM AND METHOD FOR PRICING LOANS IN THE SECONDARY MORTGAGE MARKET - A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.05-12-2011
20110112954Method and System for Providing Risk Information in Connection with Transaction Processing - A system for providing real-time risk mitigation for an authorization system. The system receives authorization requests from multiple merchants (or their respective acquirers) and processes such requests. Each processed request is then forwarded to its corresponding issuer for further authorization. Each processed request includes an authorization message. The authorization message can include a risk score, a number of reason codes, and a number of condition codes. The use of the risk score, reason codes and condition codes allows issuers to make better informed decisions with respect to providing authorizations.05-12-2011
20100153258SYSTEM AND METHOD FOR SECURING A LETTER OF CREDIT THROUGH HEDGING OF DERIVATIVES - Transforming hedging information and Forced Sale Value (FSV) information to a special LC and to a reduction in an applicant's booked credit limit and a reduced risk weighted asset (RWA), along with eliminating or reducing price risk and enabling a financial institution to determine its potential loss upon default, is disclosed. The disclosed LC is obtained through application, in relation to shipment of a commodity and the commodity is hedged against price risk by the issuing financial institution. The issuing financial institution also determines a FSV for the commodity. Thus, the issuing financial institution determines what the commodity would sell for, regardless of price movements, should the buyer not follow through with payment and a forced sale becomes necessary.06-17-2010
20110125632Consumer Direct Loan Qualification System And Method For Submitting Loan Applications - A consumer direct loan qualification system and method is accessed from a borrowers' computer system. The loan qualification system communicates with a server computer that hosts an automated underwriting entity. The automated underwriting entity is further coupled to a network of lender computers enabling a borrower to apply for mortgage financing by facilitating the qualification, underwriting and submission of loan application files directly to lenders.05-26-2011
20110119177METHOD OF AND SYSTEM FOR EVALUATING FINANCIAL RISK ASSOCIATED WITH A CONSTRUCTION PROJECT - A system and method for evaluating risks associated with a project based on project data from several projects. A project management server manages multiple, unrelated projects for a plurality of participants. The system manages each project by receiving and processing data associated with each project. Risks for a project are evaluated by aggregating project data from multiple projects. Risk assessment data for a particular project, based on the aggregated project data, is displayed to a participant of the project while access to the project data is limited to only projects with which the participant is associated.05-19-2011
20110213698FINANCIAL SYSTEM HAVING INCREMENTAL DOLLAR RISK - A method of comparing at least two purchase scenarios, the method comprising the steps of: determining a first cash flow analysis for a first mortgage scenario including a takeup of a first percentage of ownership of a mortgaged property; determining a potential first capital gain attributable to the first percentage of ownership; determining a second cash flow analysis for a second mortgage scenario for the same property with the second scenario having a takeup of a second percentage of ownership of the mortgage property; determining a potential second capital gain attributable to the second percentage of ownership; determining a first difference between the first and second cash flows; determining a second difference between the first and second capital gains determining the ratio of the second difference to the first difference.09-01-2011
20110145136PAYMENT CARD REFERRAL PROGRAM - A method for enhancing value of a credit card may include providing an authorized user of a credit card issued by a service provider. A set of applications may be received from a set of referrals of the authorized user for credit card services. The set of applications from the set of referrals may be processed. A credit card may be issued to each of the referrals that qualify for the credit card, where the referrals issued credit cards define a set of customers. Valuable consideration may be issued to the authorized user, where the valuable consideration may be based on the number of customers in the set of customers.06-16-2011
20110145135PROCESS AND ARCHITECTURE FOR STRUCTURING FACILITIES REVENUE BOND FINANCINGS - A process and architecture may be implemented to structure ESFRB financing or refinancing for Municipal Facilities operation, construction and/or renovation to improve economic and business terms for involved or interested parties, including without limitation, a Municipal Entity which owns, for example, water/sewer facilities, airports, seaports, bus and train transit systems, toll roads and bridges, parking lots and/or energy plants.06-16-2011
20100228665Collateral Management System and Method - Embodiments of the invention include a computer-implemented collateral management system and method for managing collateral of multiple participants including borrowers and lenders. The system may include a global long box available to each borrower, each global long box configured for storing all types of available assets possessed by each borrower. The system may additionally include an eligibility database storing eligibility and concentration limits, the concentration limits defined by lender rules controlling the acceptability of the available assets for use as collateral, the value of the assets, and overall acceptable composition of assets. An interactive participant interface may be provided for accepting collateral use preferences from the borrowers, the collateral use preferences including, lender ranking components, asset ranking components, and allocation run type selection components for facilitating collateral allocation. An allocation engine implementing computer processing components for selecting an allocation sequence based on the collateral use preferences of the borrowers and in compliance the stored eligibility and concentration limits in the eligibility database and allocating collateral from each global long box in the selected sequence.09-09-2010
20120246060LOAN MANAGEMENT, REAL-TIME MONITORING, ANALYTICS, AND DATA REFRESH SYSTEM AND METHOD - A loan management, real-time monitoring, analytics, and data refresh method includes importing user loan data, validating the imported loan data, and loading the validated loan data into a loan queue under control of the user; selecting loans in the loan queue and placing the selected loans into a loan pool under control of the user; automatically without control of the user extracting loan data from the loan data for the loans in the loan pool, submitting the extracted loan data to a loan-data vendor, receiving vendor loan data generated by the loan data vendor from the extracted loan data, and integrating the vendor loan data with the loan data for the loans in the loan pool; and generating reports and alerts from the integrated loan data for the loans in the loan pool under control of the user.09-27-2012
20090048965Method and System for Identifying Teaser Surfers with Time Series Credit History - Initially the amount of data is checked to determine whether a sufficient history is present for the method. Credit card accounts are classified as new, relatively new, and old cards, i.e. opened within six months, within twelve months, and over twelve months ago. The balances for each of the three categories are calculated for each month. The average balance percentages of cards opened within six months and twelve months for the last twenty-four months is calculated and teaser surfers are defined as either having average percentages within the last twenty-four months for all credit cards opened within six and twelve months are greater than predefined percentages.02-19-2009
20090313163Credit line optimization - In a system for assigning a credit line to a credit card application, the system receives a plurality of credit card applications each having applicant information. For each application, the system retrieves credit bureau information. The applicant information and the credit bureau information are used to model the likely behavior of the corresponding applicant. The applications are clustered into one or more clusters according to the modeled behavior. For each cluster of applications, financial measures are forecasted and analyzed to determine the optimal credit line to assign to the cluster.12-17-2009
20100057610Mortgage refinance notification and marketing system - A computerized mortgage loan notification and marketing system and process to enable mortgage professionals or others to provide automated notification and reports to individuals setting forth the availability of mortgage loans. The individual's desired loan parameters are obtained and calculations are made to determine whether the desired loan is available. If the desired loan becomes available, a notification is automatically presented to the individual. A system for providing mortgage professionals with automated notifications that their customers' desired loan terms are available is also disclosed.03-04-2010
20100057609Methods for Processing Online Loan Applications - In accordance with certain embodiments of the present disclosure, a method is provided. The method includes receiving a loan application from an applicant, the loan application including information of the applicant and based at least on the received loan application, determining creditworthiness of the applicant. The method also includes providing the received information of the applicant to a prepaid card provider for instantaneous disbursement of loan proceeds via a virtual prepaid debit card to the applicant by the prepaid card provider based at least on the creditworthiness of the applicant.03-04-2010
20100070407SYSTEM AND METHOD FOR ON-LINE LENDING WITH EARLY WARNING SYSTEM - A method for interfacing with a financial institution using a computer interface is disclosed for on-line or E-Lending. The method includes an early warning evaluation of the customer and/or entities associated with the customer to identify fraudster/abusers and prevent them from opening online accounts at the financial institution.03-18-2010
20100070406INTEGRATED MORTGAGE AND REAL ESTATE ORIGINATION SYSTEM - Computer software for generating customer leads comprises a data input module for receiving potential customer data from an outside source and converting the data into a format compatible with preexisting software of an end user, a data storage module for storing the converted data, and a processing module for processing the converted data to determine a transaction type and for forwarding the converted data to the user based upon the determined transaction type. The converted data is displayable on a computer screen of the user by the user's preexisting software and provides the determined transaction type and client contact information.03-18-2010
20110251946METHOD AND APPARATUS FOR ESTIMATING THE SPEND CAPACITY OF CONSUMERS - Time series consumer spending data, point-in-time balance information, internal customer financial data and consumer panel information provides input to a model for consumer spend behavior on plastic instruments or other financial accounts, from which approximations of spending ability may be reliably identified and utilized to promote additional consumer spending.10-13-2011
20110099101AUTOMATED VALIDATION REPORTING FOR RISK MODELS - Embodiments of the invention are directed to systems, methods, and computer program products configured to automatically, consistently, and efficiently generate standardized model validation reports in a systematic fashion. In one embodiment, the system is configured to: select a validation metric from a plurality of validation metrics; select a model from a plurality of models; access a datastore comprising scores generated using the selected model; generate validation data from the selected validation metric using the scores in the datastore; and generate a report from the validation data.04-28-2011
20110087588SYSTEM AND METHOD FOR EFFICIENTLY PROCESSING MULTIPLE CREDIT APPLICATIONS - A system and method for forwarding multiple credit applications to multiple potential lenders. A user computer or a credit management server sends queries to potential lenders inquiring about the respective information fields used in the potential lenders' respective credit applications. The queries also request information relating to the desired format and transmission method of the respective credit applications. With this information, a dynamic credit application is generated which includes all of information fields from all potential lenders. A credit applicant enters credit information into the dynamic credit application. The system then generates tailored credit applications for each lender and forwards these tailored applications to the respective potential lenders. The lenders process the tailored applications and provide results to the user.04-14-2011
20110078073SYSTEM AND METHOD FOR PREDICTING CONSUMER CREDIT RISK USING INCOME RISK BASED CREDIT SCORE - Systems and methods are described for scoring consumers' credit risk by determining consumers' income risk and future ability to pay. Methods are provided for measuring consumers' income risk by analyzing consumers' income loss risk, income reduction risk, probability of continuance of income, and economy's impact on consumers' income. In one embodiment, a method is provided to evaluate an individual's creditworthiness using income risk based credit score thereby providing creditors, lenders, marketers, and companies with deeper, new insights into consumer's credit risk and repayment potential. By predicting consumers' income risk and the associated creditworthiness the present invention increases the accuracy and reliability of consumers' credit risk assessments, results in more predictive and precise consumer credit scoring, and offers a new method of rendering a forward-looking appraisal of an individual's ability to repay a debt or the ability to pay for products and services.03-31-2011
20110153490Methods, Systems, and Products for Providing Good Faith Estimates - Methods, systems, and products are disclosed for providing good faith estimates. When a good faith estimate for a mortgage application is selected for printing, a prompt is made to determine whether the good faith estimate will be provided to a prospective borrower. If the good faith estimate will be provided to the prospective borrower, then the good faith estimate is generated, printed, and an electronic copy is stored in memory. When, however, the good faith estimate will not be provided to the prospective borrower, then the electronic copy of the good faith estimate is modified with a conspicuous notice that the good faith estimate is not for disclosure to the prospective borrower.06-23-2011
20110071939Electronic loan preparation and loan selection system - This is a utility patent application for a new method that allows users (borrowers) to obtain mortgage financing.03-24-2011
20120303515ORIGINATING LOANS USING ONLINE LOAN MANAGEMENT TOOL - The present disclosure describes systems, methods, and computer-readable media for managing a loan process online. The present disclosure provides for providing a web site for originating a loan, the web site hosted by at least one server in communication with a network; receiving a borrower's information via a loan application module; calculating at least one loan option for the borrower based on the borrower's credit information via a pricing module and presenting the at least one loan option to the borrower via an interface; receiving a desired closing date selected by the borrower and calculating at least one due date based on the selected closing date via a scheduling module; receiving required documents for the loan via an initial documents module; and scheduling a closing date, via a closing module, based on the at least one due date and received required documents.11-29-2012
20120303514SYSTEMS AND METHODS OF ON-LINE CREDIT INFORMATION MONITORING AND CONTROL - Systems and methods of on-line credit information monitoring and control. In one embodiment, a server computer accesses and retrieves credit information relating to a consumer. The server computer may also provide a user interface with active links associated with credit items. The links may allow the consumer to communicate directly with a credit service. The server computer may offer additional credit-related services such as credit report retrieval, credit monitoring, notifications, identity theft management, interest rate calculations, historical archives, and account management.11-29-2012
20120136775SYSTEM AND METHOD FOR ASSESSING AND MANAGING FINANCIAL TRANSACTIONS - A financial terms alert generation system comprises an information retrieval module, a financial terms comparison module, and an alert transmission module. The information retrieval module is configured to retrieve financing information, customer information, and product information from one or more sources accessible on a network. The financial terms comparison module is configured to compare a customer's current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. The alert transmission module is configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer. Such alerts identify the customer and the favorable financial terms.05-31-2012
20100325035FRAUD/RISK BUREAU - Systems and methods for generating fraud/risk report for consumers are disclosed. A server computer in a fraud/risk system receives a request from a client computer of a user for a fraud/risk report associated with a consumer. The server computer queries a database that stores pre-filtered data provided from third party sources, and data (filtered or not filtered) from a payment processing network that processes payment card transactions. The pre-filtered data are associated with reported fraudulent activities. The server computer then generates a fraud/risk report and provides that report to the client computer of the user. The report includes the pre-filtered data that were associated with the consumer. The fraud/risk report may also be customized based on the request of the user or based on pre-determined criteria stored in the server computer.12-23-2010
20100312691Loan Quotation System and Method - A loan quotation system and method is provided having a consumer data entry point device operatively coupled, via a network, to one or more severs for entering data and receiving a responsive loan quotation.12-09-2010
20110251947CREDIT REPORT LOCKING/UNLOCKING VIA TELEPHONE INTERFACE - The present invention, in particular embodiments, is directed to methods, apparatuses and systems directed to locking and unlocking of credit reports via a telephone interface. In a particular implementation, the present invention provides a voice interface server accessible to consumers via a telephone and a voice-based credit report access system. The voice-based credit report access system is operative to accept telephone requests to lock or unlock a credit report and pass those requests to a credit report retrieval system. When the request is received, the credit report retrieval system accordingly updates the consumer's entry in a lock status database. When the credit report retrieval system receives a credit report request, the lock status database is queried. If the consumer's entry has a locked status, the credit report is denied. If the status is unlocked, the credit report is provided to the requestor. In a particular implementation, a number of access attempts field of the consumer's entry is updated each time access to the credit report is denied while the credit report is locked.10-13-2011
20100063921System and method for performing lease-by-lease cash flow and risk analysis in the commercial backed securities (CMBS) environment - Participants to the commercial mortgage backed securities (CMBS) market enter data unique to their property via a web-based application that applies underwriting assumptions and/or methods of transforming income and expense information into a format acceptable to the CMBS industry. The resulting data set is suitable for analysis by lenders, third party credit rating companies, and investors thus standardizing and simplifying the process of obtaining a loan, the need for lenders to perform standardized underwriting analysis, and the transfer of this analysis to both the rating agencies and the investors. The disclosed methods and procedures greatly simplify how loans enter into the CMBS market and how investors analyze the performance of loans already in the CMBS market.03-11-2010
20100023446Interactive Mortgage and Loan Information and Real-Time Trading System - The invention provides a method and system for trading loans in real time. Loan applications, such as home mortgage loan applications, are made available electronically to receive bids from a plurality of potential lenders. A transaction server maintains a database of pending loan applications and their statuses, which is accessible over a communications channel, such as the Internet. Each party to a loan can search and modify the database consistent with their role in a transaction. The invention provides smart computerized administration that ensures personal preferences of the participating parties are enforced, errors and duplication is avoided, and information relating to accumulated data is available to the parties consistent with their roles.01-28-2010
20110153491PROCESS AND ARCHITECTURE FOR STRUCTURING FACILITIES REVENUE BOND FINANCINGS - A process and architecture may be implemented to structure ESFRB financing or refinancing for Municipal Facilities operation, construction and/or renovation to improve economic and business terms for involved or interested parties, including without limitation, a Municipal Entity which owns, for example, water/sewer facilities, airports, seaports, bus and train transit systems, toll roads and bridges, parking lots and/or energy plants. The process and architecture allows for obtaining a credit risk assessment from a bond investor instead of a credit rating agency.06-23-2011
20080243682MULTI-DIMENSIONAL MATCHING IN NETWORKED LOAN MARKET AND LENDING MANAGEMENT SYSTEM - Systems, methods, and apparatus for receiving, from one or more lenders, lending orders that include customized loan profiles, the customized loan profiles being based on a plurality of parameters that influence a lending decision; receiving, from one or more borrowers, borrowing orders that include one more requested loan terms; generating a multi-dimensional matching matrix based on the received lending orders and the received borrowing orders; and performing a multi-dimensional matching process using the multi-dimensional matching matrix to generate loans that satisfy constraints of borrowing orders and lending orders.10-02-2008
20080243680Method and apparatus for rating asset-backed securities - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumer's spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The likelihood of default determined by the SOW model, when applied to a loan portfolio, can reduce the amount of credit enhancement required for an asset-backed securities rating.10-02-2008
20080243681METHOD AND SYSTEM FOR ON-LINE CUSTOMER SCREENING - In one embodiment of the present invention there is provided a computer implemented method for pre-qualifying a customer interested in leasing an item owned by a third party, when the item is listed on an on-line database. The method includes receiving credit information related to said customer; retrieving decision criteria stored on a database and corresponding to said item; comparing the credit information to the decision criteria; generating an acceptance notice, when the credit information passes the decision criteria, or generating a declination notice, when the credit information fails the decision criteria; and sending the acceptance notice or declination notice to the customer and the third party.10-02-2008
20080243678Loss impact tracking system and method - Methods and systems for assisting analysis of potential gain or loss associated with acquiring property, and analysis of data related to disaster (such as due to flood, fire, etc.) affected properties with delinquent payments to determine the appropriate equity decision regarding a foreclosure action on one or more liens associated with the property. Loans and information associated therewith are assigned to one of the status queues that include a queue for loans eligible for review, a queue for loans reviewed based on the analysis, a queue for loans having a certain risk factor associated therewith, a queue for loans designated for foreclosure, a queue for loans having a certain lien position associated therewith, a queue for loans designated for bid-at-sale, and a queue for loans designated for disposition without any further action by the lender. Multiple liens associated with a subject property can be displayed and analyzed to facilitate assessment of the loan and recommendations for disposition thereof. Insurance payment information for disaster-affected underlying properties is displayed and can be taken into account when assessing the loan and formulating recommendations for disposition thereof.10-02-2008
20110213696Financial Analysis Mechanisms - Aspects of the present disclosure provide a system for providing employees of a loan offering entity a tool that is more efficient and accurate than completing required multiple calculations manually by the employee. Still other aspects deliver a summary of the noted information that must be analyzed by the employee when determining qualifying income with accountability in place to ensure such noted information was analyzed, including checklists, confirmation notations, and/or other methods. Integrating a standard tool for tax analysis of evidentiary records of an individual drives a consistent approach to tax analysis to support salability requirements and fair lending. Guidance and support to accurately complete the tax analysis may be provided, and efficiency of the tax analysis process may be improved.09-01-2011
20080228634Loan structure with tax benefits - The current invention is a system, method and program of making loans with tax benefits. Instead of a conventional loan note, or mortgage the financer takes a portion of equity in the company (this may, or may not hold real estate). This has the advantage of not being a formal 209-18-2008
20120203688CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.08-09-2012
20120150721TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.06-14-2012
20080255986Targeting an Individual Customer for a Credit Card Promotion at a Point of Sale - Techniques are described for targeting customers with offers for pre-approved credit. The techniques can be employed while the customer is engaged in a business transaction at a merchant's point-of-sale by pre-screening for creditworthiness using basic customer information known to the merchant. The pre-screening can be performed on behalf of a single lender or in a cascading fashion on behalf of multiple lenders should the customer fail initial pre-screens. Additionally, techniques are described for using a cascading approach on customer-initiated credit applications, such that an applicant declined credit from one lender is automatically considered for credit from another lender via an arrangement between the lenders.10-16-2008
20080255985Novel Method for Creating a Mortgage Moratorium - A method for creating a moratorium period for a mortgage, comprising the following the steps: creating an equity loan amount to be loaned based upon the value of a mortgagee's property; determining the monthly payment on the loan; determining a period of months which the mortgagee desires to avoid personally making monthly payments; placing a portion of the loan amount equal to the monthly payments for the desired period of months into a fund; and making the monthly payments for the predetermined period from the fund.10-16-2008
20080255984RESOURCE PROVISION COORDINATION SYSTEM AND METHOD - A resource provision coordination system includes an enrollment module enrolling members who wish to transact with their clientele, including obtaining promises of members to pay fees in exchange for membership, approving members for financing of credit lines, and creating member accounts having the credit lines associated therewith in computer readable memory. A datastore of member offerings includes resources supplied by engaged resource providers and offered to the members at least one of exclusively or according to terms not available to non-members. A coordinated resource provision environment provides community and a la carte resources at least to the members. The community resources include at least base offerings supplied to members by at least a resource provision coordinator in exchange for the fees. The a la carte resources include at least the member offerings.10-16-2008
20110055072EVENT PROCESSING FOR DETECTION OF SUSPICIOUS FINANCIAL ACTIVITY - Event processing for detection of suspicious financial activity is disclosed. Financial events can be detected by receiving data from a plurality of detection channels. Events are consolidated or otherwise grouped based on common relationship factors, such as related accounts, related parties or the like. Factual data associated with the events, referred to herein as risk attributes, is collected and risk factors are assessed based on one or more of the risk attributes. The risk factors are subsequently used to determine whether an event group should be elevated to the case level for further investigation.03-03-2011
20110055071SYSTEM FOR DETERMINING AND CALCULATING INELIGIBLE COLLATERAL - Aspects of this disclosure relate to a computer for determining and calculating ineligible collateral which includes a processor and memory storing computer executable instructions that, when executed, cause the computer to perform a method for determining and calculating ineligible collateral, by receiving data relating to assets or collateral of a client and determining and calculating ineligible collateral based on the data by applying one or more rules or definitions regarding ineligible collateral to the data. The rules and definitions applied to the collateral are variable based on a particular client to which the data relates. According to aspects of the disclosure, the computer is configured to receive client data relating to assets or collateral of a client, search the client data for relevant data, extract the relevant data and create a summary of the relevant data and determine and calculate ineligible collateral by applying one or more rules or definitions regarding ineligible collateral to the relevant data in the summary.03-03-2011
20110022513INTELLIGENT COLLECTIONS MODELS - Apparatuses, computer media, and methods for analyzing credit and tax form data and determining a collections treatment type to collect revenue. A collections model is constructed to determine a collections score that is based on raw credit data and tax form data and is indicative of a debtor's propensity to pay an owed amount. The collections model includes score bands, each score band being associated with a range of credit scores. A collections score is determined from a scoring expression that is associated with a score band and that typically includes a subset of available raw credit data and tax form data. A collections treatment type is determined from a collections score. Each treatment type corresponds to a treatment action that is directed to the debtor. A collections model is constructed from historical tax data, in which score bands and scoring expressions are constructed for the collections model.01-27-2011
20100293091METHOD AND SYSTEM FOR IMPLEMENTING A FAST AMORTIZATION SCHEDULE (FAS) INDEX MORTGAGE FUND - A method for providing mortgage services. The method includes storing in memory a pool of index rates and storing a set of credit ratings each associated with one of the index rates. In the method, with a hardware processor, loan application data that is related to a borrower and a real estate property is received with a hardware processor. The method includes running a credit rating classifier to assign one of the credit ratings based on the received loan application data. A rate association module assigns the one of the index rates associated with the assigned one of the credit ratings to the borrower or a loan application associated with the received loan application data. The pool of index rates includes a number of values (less than five, for example) and each of the values may be associated with an interest rate less than about five percent.11-18-2010
20100293089COLLATERAL PICK-UP AND DELIVERY FOR SECURED TRANSACTIONS - Systems and methods for facilitating secured loan transactions are provided. Drivers of a fleet of parcel delivery vehicles associated with a particular common carrier are used to pick up collateral from a borrower to secure a loan. A driver visits the borrower's address as part of executing parcel delivery transactions to pick up the collateral. The driver may verify the borrower's identity and the validity of the collateral when receiving the collateral. An indication of the receipt of the borrower's collateral is provided to a system accessible by a lending facilitator, such as via the driver's DIAD. The indication can be used by the peer-to-peer lending facilitator to determine a level of risk associated with entering into a loan transaction with the borrower and/or an interest rate for the loan. In some cases, the collateral is delivered to a third party escrow service.11-18-2010
20110137788SYSTEMS AND METHODS FOR EVALUATING THE ABILITY OF BORROWERS TO REPAY LOANS - Systems and methods are provided for evaluating the ability of a borrower to repay a potential or existing loan. The systems and methods can use daily cash flows of the borrower obtained from one or more transaction accounts of the borrower. The cash flows can correspond to a period preceding the time of the analysis, and can include the most recent cash flow information in the transaction account. The cash flows can be adjusted to account for seasonal and day to day variations in the cash flows. The adjusted or non-adjusted cash flows can be trended, and projections of the cash flows can be generated based on the trends. The projected cash flows can be evaluated to provide an indication of whether the cash flow of the borrower is and will remain sufficient to facilitate repayment of the loan.06-09-2011
20100262534Web-based home-loan modification assessment system - The web-based home-loan modification assessment system is for use in preparing a detailed financial statement of borrower's income and expenses that the lender uses in making an informed determination on whether or not to modify the borrower's mortgage agreement. The system comprises a website, a data input device, and a processor. The website is easily found on the Internet using common search engines. The website is specifically designed to streamline the information gathering process. The data input device can be a keypad, a pda, or a phone. The borrower submits answers online to the user-friendly questionnaire through the website about his current financial status and his mortgage agreement with the lender. Once the personal data has been submitted, a processor associated organizes the personal data into a request form for a loan modification. The website processor determines the amount that the borrower is able to afford using either a front end debt-to-income ratio, or back end debt-to-income ratio. The net present value of the real property is then calculated, the net present value being a function of net proceeds the lender receives from the real property if the borrower defaults. The request form is then submitted to the borrower for review and approval in real time. If the calculations support modifying the mortgage agreement, the information is submitted to the lender for review and consideration.10-14-2010
20100262536TRANSACTION AGGREGATOR - Systems and methods for determining and reporting aggregated transaction level data regarding a particular user are disclosed. Based on the requests of one or more information requesters, an aggregator server can request transaction level data for all accounts associated with a particular user from a transaction database. The transaction database returns raw transaction level data for all accounts associated with the particular user to the aggregator server. The aggregator server can then parse the raw transaction level data based on a number of transaction level data elements and information requester input. The parsed raw transaction level data can then be used to determine the number of predefined or information requester defined transaction level data aggregates. The resulting transaction level data aggregates can then be sent in a report to the one or more information requesters.10-14-2010
20100262535METHOD AND APPARATUS FOR A VERIFIABLE ON LINE REJECTION OF AN APPLICATION FOR CREDIT - A system and method are disclosed for presenting a reason for the rejection of 5 a credit application from an applicant is disclosed. The method includes obtaining a factor from a credit bureau identified as a factor that influences the FICO score assigned to the application by the credit bureau. The factor identified by the credit bureau is mapped to an internal rejection code. A rejection reason is provided that corresponds to the internal rejection code to the applicant.10-14-2010
20100185543Due diligence and finance method and system to lend on master art using the master art as the only collateral or to purchase master art - A method and system of facilitating transactions involving master art includes: identifying at least one piece of art as master art; pre-qualifying said master art for full due diligence; executing said full due diligence; establishing the authenticity of said master art; establishing the value of said master art, said value applied as collateral to: 07-22-2010
20120310819SYSTEMS AND METHODS FOR PERFORMING SCORING OPTIMIZATION - The invention provides systems and methods relating to generating a unified determination based on subdetermination, and in particular, generating a unified score based on respective scores. For example, the invention provides a method for generating a unified determination based on subdeterminations, the method including generating a first subdetermination based on first criteria; generating a second subdetermination based on second criteria; and generating a unified determination based on the first subdetermination and the second subdetermination. The generation of the unified determination includes (a) assigning, using iterative processing, an assigned weighting respectively to the first determination and second determination; (b) determining if the assigned weighting satisfies at least one constraint; (c) comparing the assigned weighting to an optimized weighting, which was previously determined, to determine if the assigned weighting is improved over the optimized weighting; and (d) if the assigned weighting is improved, then assigning the assigned weighting to be the optimized weighting.12-06-2012
20100121761System and Method for Generating Graphical User Interface - An automated method for generating Graphical User Interfaces (GUI's) is illustrated in the context of a system for processing financial applications. In one embodiment, the GUI generator converts domain data representing over one thousand application types into an equal number of corresponding user screens. The interface may also be bi-directional, operating on user inputs to validate data or check for double keying.05-13-2010
20100121762System and Method for Card Processing with Automated Payment of Club, Merchant, and Service Provider Fees - An apparatus and methods for a card that allows a cardholder to set up auto-charge payment of dues and fees to a series of clubs, merchants or service providers. The card also may be used for other transactions that accept credit cards. The apparatus includes a database containing information of the associated clubs, merchants and service providers, so that applicants and cardholders can easily configure auto-charging for multiple business concerns in one sitting. The apparatus may process auto-charge transactions in an automated fashion without requiring a cardholder to submit payment authorization or the business concern to submit a charge for each payment. Inconvenience and administrative costs to the cardholder and the business concern are reduced. The system and method provide a competitive advantage to the associated business concerns to secure the initial account and then to maintain it. The system and method encourages card loyalty of both the card members and the business concerns to the card provider.05-13-2010
20110078072Verification and limits processing - Methods and systems facilitate enhanced processing of requests for limit increases, such as credit limit increases. For example, a method can comprise receiving a request from a client computer of a user via a network and providing at least one field for the entry of information by the user. The field can be defined by either the user or the type of the request. As a further example, a system can comprise a payment provider that is configured to receive a request from a client computer of a user via a network and provide at least one field for the entry of information by the user. Again, the field can be defined by either the user or the type of the request.03-31-2011
20100250431SYSTEMS, METHODS, AND MACHINE-READABLE MEDIUMS FOR PROVIDING REAL-TIME DATA OF COMMERCIAL AND FINANCIAL ACTIVITY OF A BUSINESS TO A FINANCIAL INSTITUTION TO GUIDE CREDIT OPERATIONS AND RISK MANAGEMENT - Systems, methods and machine-readable mediums for providing real-time data of commercial and financial activity to a financial institution to guide credit operations and risk management. The system may include a processor configured to receive commercial and financial data for a plurality of businesses, transmit the data to a storage device for storage, determine if at least one business has a projected negative cash flow, generate a report to identify at least one business that has a projected negative cash flow, and transmit the report to at least one financial institution terminal to facilitate a financial institution's credit operations and risk management. The computer readable mediums provide instructions to cause the processor to perform the operations above. As such, the methods, systems and machine-readable mediums embodied in the present disclosure allow financial institutions to extend lines of credit with higher confidence and reduced risk.09-30-2010
20110178920EQUITY PROTECTION - Systems and methods are illustrated for providing an equity protection product to a borrower of a loan. Aspects of the equity protection product may be implemented using an equity protection agreement. The equity protection product may be used to safeguard a borrower's investment in the event of a housing market downturn. In some examples, once the equity protection is purchased, the borrower's equity can only increase or remain stable (i.e., flat) regardless of market conditions. The payoff amount of the borrower's loan may be reduced to compensate for a change in the market value of the borrower's home. The equity protection product may be provided by a lending institution, bank, or any other comparable entity/person. A trading desk may also be used to hedge against the risk created by the equity protection product. In addition, an appraiser may also be used to evaluate and provide current market values of the relevant property.07-21-2011
20120150723TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.06-14-2012
20100023447COMPUTER IMPLEMENTED FINANCE MANAGEMENT ROUTING SYSTEM - Broadly, the present invention relates to data processing in general and more particularly to a finance management system or “system” (01-28-2010
20100023448Online Loan Application System Using Borrower Profile Information - Embodiments of an online credit application system are described. The online credit application system displays a solicitation page requesting user credit score information and a selection of desired loan products. The user credit score information comprises a user's characterization of their own credit score. The system can be configured to obtaining the credit score for the user if the user does not provide the credit score in response to the solicitation. In response to the user's inquiry and information, the system displays a list of available loans based on the credit score and the selection of desired loan products. The user then selects a loan from the selection of desired loan products, after which the system requests user identification information to verify user qualification for the selected loan. Upon provisional qualification of the user for the loan product, the system obtains an actual credit score for the user based on detailed personal information of the user. It then transmits the user information to a lender and provides a transaction reference number to the user.01-28-2010
20130013489METHODS AND APPARATUS FOR VERIFYING EMPLOYMENT VIA ONLINE DATA - A computer-implemented method for verifying employment of a first user with a computer system programmed to perform the method includes receiving a first name for a user-represented employer via a user-application, receiving a first plurality of social network data associated with the first user from a first social network server, wherein the first plurality of social network data includes a second name associated with an user-represented employer via a user-profile on the first social network, determining a relationship between the employer associated with the first name and the employer associated with the second name, in response to the first name and to the second name, determining an employment verification indicator in response to the relationship between the employer associated with the first name to the employer associated to the second name and outputting with the computer system, the employment verification indicator.01-10-2013
20110055073System and Method for Implementing a Consolidated Application Process - A system and method for dynamically creating and presenting a network based application for any number of a plurality of products. The method and system upon receiving a request to apply for one or more of a plurality of products, dynamically creates an application pages that includes fields to input the specific information required to apply for the selected products. The application page is provided to the applicant through the network and the application data is received by the system. The method and system causes the application data to be processed and provides the results to the applicant. The applicant is provided the results of multiple specific applications in with minimal data input and in real time.03-03-2011
20110106691SYSTEMS AND METHODS FOR TRACKING FINANCIAL INFORMATION - Embodiments include systems and methods for assisting with financial planning. In one embodiment, a financial planning system generates a convenient user interface that displays a variety of financial information in an easy to understand format. In one embodiment, a financial planning system aggregates data from multiple sources and displays the data in a manner that is useful for financial planning, such as debt, retirement, and budget planning. In another embodiment, the financial planning system promotes financial services and products.05-05-2011
20110307373System and method for Internet based peer-to-peer banking - A method for providing an Internet based peer-to-peer banking includes: providing a website; lender or borrower defining desired loan terms on the website; website communicating lender's or borrower's loan terms, respectively, to a borrower or lender respectively; the website storing data pertaining to the loan, the borrower, and the lender; the website sending periodic billing statements and reminders to the borrower regarding loan payments to be made and balances; the borrower and the lender choosing to make automatic payments through the website or make loan payments through other means; the borrower and the lender having the ability to report to the website all loan payments that have been made or missed; the website storing data pertaining to all made and missed loan payments; the website providing the record of the loan payments to the borrower and lender upon maturity or default of the loan.12-15-2011
20120150725RISK IDENTIFICATION SYSTEM AND METHODS - The present invention relates to a system and methods by which the risk associated with a new opportunity or new or ongoing relationship may be assessed. An example of such new opportunity or new relationship for which the present invention may be used to assess the risk is that concerning a potential new customer of a financial institution. The risk assessment of the present invention may be used to assess whether a new customer should be taken on as a customer and, if so, to what extent should the possible full range of account benefits be provided to the new customer. Other applications include assessing risk regarding a candidate for employment, assessing casualty loss and/or repayment risk in the insurance industry, and assessing risk in a landlord tenant relationship to determine whether or not to rent to the prospective tenant and if so, the amount of the security deposit.06-14-2012
20120150720COMPUTERIZED EXTENSION OF CREDIT TO EXISTING DEMAND DEPOSIT ACCOUNTS, PREPAID CARDS AND LINES OF CREDIT BASED ON EXPECTED TAX REFUND PROCEEDS, ASSOCIATED SYSTEMS AND COMPUTER PROGRAM PRODUCTS - Systems, computer program products, and computer-implemented methods apply or otherwise make available new credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of a customer based on expected tax refund amounts. A computerized estimate of the tax refund available from a tax return of the customer is formed. A portion of the computerized estimate of the tax refund which can be made available as the line of credit is then determined. The existing line of credit is then adjusted based on the expected refund determined to be available, which will serve as an additional source of repayment for the line of credit. One or more of several adjustments may then be made to an existing line of credit: the line of credit may be increased; fees reduced; or the terms of payment adjusted. The invention may be implemented as a computerized process, a computer system or a computer program product.06-14-2012
20090307128Multi-Variable Transaction System and Method - A system for optimization of variables is provided. The system includes a buyer finance system for receiving asset data and buyer finance data. A seller variable system receives the asset data and the buyer finance data and applies a seller variable distribution to generate seller transaction state data. A finance variable system receives the asset data and the buyer finance data and applies a finance variable distribution to generate finance transaction state data. A variable optimization system receives the seller transaction state data and the finance transaction state data and generates transaction approval data.12-10-2009
20100306100Web-based home-loan modification assessment method - The web-based home-loan assessment system and mortgage brokerage service is for use in preparing a detailed financial statement of borrower's income and expenses that the lender uses in making an informed determination on whether or not to modify the borrower's mortgage agreement. The system comprises a website, a data input device, and a processor. The website is easily found on the Internet using common search engines. The website is specifically designed to streamline the information gathering process. The data input device can be a keypad, a pda, or a phone. The borrower submits answers online to the user-friendly questionnaire through the website about his current financial status and his mortgage agreement with the lender. Once the personal data has been submitted, a processor associated organizes the personal data into a request form for a loan modification. The website processor determines the amount that the borrower is able to afford using either a front end debt-to-income ratio, or back end debt-to-income ratio. The net present value of the real property is then calculated, the net present value being a function of net proceeds the lender receives from the real property if the borrower defaults. The request form is then submitted to the borrower for review and approval in real time. If the calculations support modifying the mortgage agreement, the information is submitted to the lender for review and consideration. The web-based home-loan modification system also preferably includes a web-based mortgage brokerage service that enables personal data to be submitted and organized for subsequent consideration for application to a mortgage broker or lender to qualify for a mortgage on a second real property, said mortgage application being submitted for review by said user in real time. The web-based home-loan modification system also includes a rental assessment service enabling the user to conduct a market analysis via the website of selected rental properties in a selected community in real time.12-02-2010
20120011056SYSTEM AND METHOD FOR PROCESSING COMMERICAL LOAN INFORMATION - A system and method for processing commercial loan information. A central data processor receives commercial loan information from data providers across a data link. The data link may be initiated by either the central data processor or the data provider. The data is processed for key data fields and stored in a data repository. To evaluate a commercial loan applicant, reporting criteria are determined, data in the data repository as well as real-time data is evaluated for reporting criteria, and data satisfying the reporting criteria is retrieved and reported. Reported data includes commercial loan information on the applicant, affiliated entities and affiliated individuals.01-12-2012
20110166987Evaluating Loan Access Using Online Business Transaction Data - A method and a loan access evaluation system use a loan applicant's actual business transaction information received from an online business system on which the loan applicant conducts business. In addition to the information of the loan applicant's owner, other general background business information and historical business information of the loan applicant, the method and the system obtain detailed transaction data of the loan applicant on e-commerce systems or platforms and banks, and thus have access to dynamic business data of the applicant for a more reliable loan access appraisal.07-07-2011
20110166986Banking Center First Mortgage Origination - A financial institution may determine a first mortgage opportunity for a banking center within a market from market-level data. The market-level data for a market geographical area is obtained for customers originating a first mortgage within a predetermined time period and is typically anonymous while providing a credit score and indicator whether the associated customer is a customer of the financial institution and has conducted a transaction within a predetermined time duration. The market geographical area typically contains a plurality of financial centers for the financial institution. The market-level data is then filtered in order to determine a total mortgage opportunity for the financial institution. From information about the financial centers, the total mortgage opportunity is apportioned among the financial centers in the market. Resources may then be allocated to a financial center based on the estimated mortgage opportunity for the financial center.07-07-2011
20130013488REAL TIME ADAPTIVE CONTROL OF TRANSACTION REVIEW RATE SCORE CURVE - Modern technologies of signal processing and real-time feedback adaptive control are applied to a fraud screen model to enable the fraud screen model to adapt to changes in shopping behavior to effectively maintain the model's performance on a review rate score curve continuously. Multiple techniques disclosed herein integrate control technologies with modeling technology to control the review rate score curve in real time.01-10-2013
20120016792Electronic System for Financing Healthcare Treatment - Systems and methods for financing healthcare treatment are described that include a web-based electronic infrastructure that automatically retrieves patient data from a patient management system of a service provider. A credit application is generated by automatically populating a credit application form of the patient financing system using the patient data. Custom credit applications are generated by mapping the credit application to the custom credit applications, with each custom credit application corresponding to one of a number of credit providers. The custom credit applications are electronically submitted to the credit providers. Electronic credit decisions are received from the credit providers in response to submission of the custom credit applications. A decision on a selected credit provider is received and, in response, an electronic acceptance form is generated and submitted to the selected credit provider. Notification of the decision is sent to the credit providers not selected.01-19-2012
20120023007SYSTEM AND METHOD FOR CONSOLIDATION OF COMMERCIAL AND PROFESSIONAL UNDERWRITING - The invention provides an automated financial information management and processing system. The invention allows for the consolidation of commercial lending, commercial real estate lending, personal financial underwriting, risk assessment and decisioning into a single platform. The invention allows for the integration personal and corporate financial information for lending decisioning.01-26-2012
20120023006Credit Risk Mining - Systems and techniques for developing and implementing a credit risk model using various sources of data, including price data, financial accounting ratios, ESG (Environmental, Social and Governance) data, and textual data are disclosed. Each source of data provides unique and distinct information about the health of an entity, such as a firm or company. The systems and techniques combine information from disparate sources to create a uniquely powerful signal. The systems and techniques can be used to predict a number of events including, but not limited to, probability of default or bankruptcy, loss given default, probability of rating agency rating change, and probability of equity price moves.01-26-2012
20120059757SYSTEM AND METHOD FOR DELIVERY OF DYNAMIC PERSONALIZED SLIDERS ONLINE - There is provided, in accordance with an embodiment of the present invention, an apparatus, system, and method for generating a personalized online loan, including: a set of interactive product sliders being operable by a remote user using a GUI; a slider calculation system; and a slider calculation database including user credit data, wherein the database supplies user data to the slider calculation system to enable generation of personalized interactive product sliders.03-08-2012
20120059756AUTOMATED MINING AND PROCESSING OF DATA ASSOCIATED WITH REAL ESTATE - Computer-based processes are disclosed for efficiently mining and analyzing information associated with particular mortgage loans, borrowers and properties. The disclosed processes use property-related data aggregated from multiple sources and jurisdictions to, among other tasks, identify properties owned by an individual.03-08-2012
20110093384SYSTEM AND METHOD FOR MODIFYING ATTRIBUTE DATA PERTAINING TO FINANCIAL ASSETS IN A DATA PROCESSING SYSTEM - A processing system for modifying attributes of a plurality of loans is described. The processing system includes an attribute change processor for receiving and implementing a proposed change to an attribute of at least one of the plurality of loans and a loan pricing processor for generating a pricing value associated with the proposed change to the attribute of the at least one loan.04-21-2011
20110093383CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.04-21-2011
20110093382SYSTEM AND METHOD FOR FUNDING A PREPAID CARD ACCOUNT WITH A LOAN - Systems and methods for funding a prepaid card account with a loan are disclosed. One embodiment includes, receiving, by an account manager at a host server, a request from a customer to fund the prepaid card account through obtaining a loan from a lender, comparing user data of the customer to a set of metrics to determine whether the customer meets qualifications for funding the prepaid card account through the loan, comparing user data of the customer to a set of metrics to determine whether the customer meets qualifications for funding the prepaid card account through the loan, presenting the terms of the loan to the user via the user device, and/or funding, by the account manager, the prepaid card account using the loan, responsive to the customer accepting the terms of the loan.04-21-2011
20120066116SYSTEM AND METHOD FOR INTERACTIVELY SIMULATING A CREDIT-WORTHINESS SCORE - A system and method is provided to allow a consumer to interactively explore his credit score by submitting hypothetical values based on his actual credit data. The system uses the consumer's real credit data and the submitted hypothetical values to calculate a simulated credit score based on a simulator scorecard. The consumer may then observe the changes in the resultant scores. The system and the scorecard may utilize fewer data elements than a complete credit-worthiness scorecard and may instead focus on the key elements affecting a consumer's credit score. The system may be implemented in part on a web server or as a stand-alone application. The system may also update the score dynamically as the consumer adjusts the hypothetical values or may require the consumer to affirmatively submit the new hypothetical data.03-15-2012
20120209761System and Method for Providing Borrowing Schemes - A system and method providing a borrowing scheme. The method comprises the steps of: establishing an interest-free revolving amount or account using the computer processor; establishing a periodic payment for maintaining the interest-free revolving amount or account using the computer processor; and automatically revising the interest-free revolving amount or account or the periodic payment using the computer processor based upon at least one user performance metric over a predetermined period of time; wherein the interest-free revolving amount or account or the periodic payment for maintaining the interest-free revolving amount is determined by the user via the network08-16-2012
20120209760RISK IDENTIFICATION SYSTEM AND JUDGMENTAL REVIEW INTERFACE - Embodiments of the invention are directed to systems, methods and computer program products for identifying one or more risk patterns for an account based on a plurality of rules, determining whether to add an account on to a judgmental review queue based at least in part on the one or more risk patterns identified for the account, and allowing a user to execute one or more risk mitigation actions for the account in order to curb possible financial losses that may result from the identified risk patterns.08-16-2012
20120158577SYSTEM AND METHOD FOR CREATING A SECURE TRUSTED SOCIAL NETWORK - A system for a plurality of users to share resources with access, control and configuration based on pre-defined relationships of trust between the users of the system. A computer-based authority provides the services of authentication, identification and verification of each user within network. Processes are described that leads to the formation of an electronic community, which facilitates electronic communication and transactions in a defined manner.06-21-2012
20120158576SYSTEM AND METHOD FOR RISK MONITORING OF RATED LEGAL ENTITIES - Methods and systems for risk monitoring and reporting impacts of credit ratings on rated legal entities are provided. In a method of reporting an impact of credit ratings on a rated legal entity, a plurality of credit rating terms related to a rated legal entity are converted to at least one logical trigger comprising one or more logical expressions. The credit rating terms may impact performance of a legal right or obligation associated with the rated legal entity. The trigger(s) are stored in a computer database. At least one trigger is retrieved from the database. A status for one of the retrieved triggers is evaluated based on predetermined values of the logical expression(s) of the retrieved trigger. Status information for at least one rated legal entity is displayed based on the evaluated status of the retrieved trigger(s).06-21-2012
20120158575SYSTEMS AND METHODS FOR DETERMINING THIN-FILE RECORDS AND DETERMINING THIN-FILE RISK LEVELS - In some embodiments, systems and methods are disclosed for generating filters to determine whether a consumer is likely to have a scoreable credit record based on non-credit data, and to determine a potential risk level associated with an unscoreable credit record based on non-credit data. Existing scoreable and unscoreable records are compared to determine factors correlated with having an unscoreable record, and a multi-level filter is developed. Unscoreable records having at least one entry are compared to determine whether they are “good” or “bad” risks, factors correlated with either condition are determined, and a filter is developed. The filters can be applied to records comprising demographic data to determine consumers that are likely to have unscoreable records but represent good risks.06-21-2012
20120158574SYSTEMS AND METHODS FOR DETECTING BUST OUT FRAUD USING CREDIT DATA - Systems and methods are disclosed for predicting bust out fraud using credit bureau data. In one embodiment, credit bureau scoring models are created using credit bureau data to detect bust out fraud. The credit bureau scoring models may be then applied to consumer data to determine whether a consumer is involved in bust out fraud.06-21-2012
20120158573COMPUTER SYSTEM TO PRODUCE AND COMMUNICATE OUTPUT DATA TO CARRY OUT A FINANCIAL TRANSACTION COMPRISING A MORTGAGE LOAN - A machine for producing and communicating output data, via a link over a network, to carry out a financial transaction including a mortgage loan, the machine including a computer configured to receive input data corresponding to a financial transaction including a mortgage loan which includes a financial term, the financial term being a financial term which is subject to change before the financial term has a set value triggered, according to information elicited regarding a potential customer who contemplates the mortgage loan, by a current market rate, produce output data from the input data, store the produced output data in memory, and communicate the produced output data from the memory, via a link over a network to, at least one of a consumer's computer, a broker's computer, a lender's computer, a seller's computer, a securities exchange computer, a trading desk computer, a buyer's broker computer, and an investor's computer so as to carry out the financial transaction including the mortgage loan.06-21-2012
20120072339HYBRID ACCOUNT - A system, according to one embodiment, includes a hybrid account provided by an issuer to a user, the hybrid account having a balance, the balance being either positive, zero, or negative; and a financial instrument including a hybrid card, the hybrid card providing access to the hybrid account, in which transactions using the hybrid card provide interchange income to the issuer, the issuer charges interest to the hybrid account when the balance is negative, and the issuer pays interest to the hybrid account when the balance is positive.03-22-2012
20120072338Machine, Program Product, and Computer-Implemented Method to Construct a Person-To-Person Loan - Embodiments of the present invention provide a marketer for person-to-person lending or a bank server to promote a plurality of individual lenders bidding on a plurality of person-to-person loan requests from a plurality of individual borrowers to thereby construct person-to-person loans with a bank as an intermediary. The marketer computer establishes a person-to-person lending profile for the lender, include preferences for the lender. A bank server establishes an account for the benefit of the lender and determines an account balance for the individual lender. The bank server creates the loan with the borrower responsive to loan terms determined by the marketer computer. The bank server assigns at least part of the loan to the lender to construct the person-to-person loan with the bank as intermediary and withdraws funds corresponding to the at least part of the loan assigned to the lender from the account.03-22-2012
20120072337Payment Processing System Debt Conversion Notification - When a buyer's debt to a seller cannot be paid using an account issued to the buyer by an issuer within a payment processing system, then either or both the seller and the buyer are solicited to conduct future transactions payable on the account. If the debt can be paid using the account, then a sub-account is created unique to the seller and buyer. Transactions between the buyer and seller can be processed using the sub-account including the option of aggregating the debts prior to the processing. The credit limit of the sub-account can be set to match the amount of the aggregated debts.03-22-2012
20120072336METHOD AND APPARATUS FOR GLOBAL UNDERWRITING AND EXPRESS LOAN ORIGINATION - A method and apparatus that allow a rapid evaluation and origination of loans is provided. The creditworthiness of potential borrowers may be evaluated by multiple models. Some models may provide a nuanced evaluation of creditworthiness, while other models generate cross-sell opportunities. The models may implement a strategy. The model may be run on a logic engine or engines. The evaluation may utilize multiple stages, whereby each stage is reached only if the earlier stages are passed. Evaluation may utilize a multi-level strategy. In the event that a loan cannot be reasonably provided, the potential borrower may be given suitable reasons and/or be presented with alternative credit products.03-22-2012
20120072335SYSTEM AND METHOD FOR DEAL MANAGEMENT OF SYNDICATED LOANS BY MULTIPLE BOOKRUNNERS - Systems, and programming for improved arrangement and administration of syndicated loans using computer networks. Each of a plurality of bookrunners is authorized to invite any number of other bookrunners, as well as any number of loan participants, or underwriters (i.e. investors or lenders), to participate in offering and administering a loan, typically by providing various forms of information describing the proposed loan, including the borrower, the proposed terms, and possibly any potential participants in making the loan. Invitees who accept such invitations may be associated with the inviting bookrunner, and upon being accepted as participants may be granted by the bookrunner access to various sets of communications, documents, and other information concerning the proposed loan.03-22-2012
20120072334RESPONSIBILITY ANALYTICS - A request to generate a responsibility score is received that characterizes a likelihood of a change in a level of creditworthiness of an individual in response to at least one unknown financial event. Such responsibility score can provide useful insight into a consumer that is complementary to a credit score. Thereafter, a responsibility score is generated based on historical creditworthiness data for the individual using at least one predictive model. The at least one predictive model was trained using historical creditworthiness data of a plurality of consumers subjected to a plurality of financial events. In addition, the at least one predictive model associates the historical creditworthiness data of the individual with matching states for each of a plurality of pre-defined performance behaviors—with each pre-defined performance behavior having at least two corresponding states. The responsibility score can be later provided to a user (e.g., persisted, transmitted, displayed, etc.). Related apparatus, systems, techniques, and articles are also described.03-22-2012
20120158572Determining the Probability of an Action Being Performed by a Party at Imminent Risk of Performing the Action - A computer implemented method, a data processing system, and a computer readable storage medium having a computer program product encoded thereon for determining a probability of an action being performed by a party at risk of performing the action. Input information that is pertinent to determining whether the party is at risk of performing the action is received by a data processing system. The data processing system forms an incentive structure for the party based on the received input information, the incentive structure comprising a probability of the party performing the action, and determines an optimal probability of the party performing the action based on the formed incentive structure.06-21-2012
20110078071PRIORITIZING LOANS USING CUSTOMER, PRODUCT AND WORKFLOW ATTRIBUTES - Data representative of a plurality of mortgage applications is obtained. The applications participate in a mortgage origination process, and each of the applications has associated therewith customer-specific attributes and product-specific attributes. The mortgage origination process has a plurality of statuses. Data representative of at least one environmental attribute is also obtained. Each given one of the mortgage applications in a given one of the plurality of statuses at a given time is ranked by likelihood of not closing, based at least on the customer-specific attributes, the product-specific attributes, and the at least one environmental attribute. Those of the mortgage applications likely not to close which are likely not to close due to non-exogenous attributes are identified. For at least some of the mortgage applications likely not to close due to non-exogenous attributes, suggestion of a modification of at least one corresponding one of the product-specific attributes is facilitated, to enhance the likelihood of closing.03-31-2011
20110066547SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR ASSESSING RISK OF IDENTITY THEFT - In one embodiment, this invention analyzes demographic data that is associated with a specific street address when presented as an address change on an existing account or an address included on a new account application when that address is different from the reference address (e.g., a credit bureau type header data). The old or reference address and the new address, the new account application address or fulfillment address demographic attributes are gathered, analyzed, compared for divergence and scaled to reflect the relative fraud risk.03-17-2011
20110066546APPARATUS AND METHOD FOR CALCULATING THE LOWERING OF PERIODIC PAYMENTS WITHIN A LOAN REPAYMENT SCHEDULE - A computer implemented method for calculating loan repayment schedule is disclosed, which may comprise receiving data associated with an initial principal loan amount, an interest rate, and a length of loan term; processing the data using a processor to determine a periodic minimum payment toward the initial principal and the interest, and when the minimum periodic payment is made, a new principal balance is determined by subtracting payment toward principal from the initial principal loan amount, and when a payment in excess of the minimum periodic payment is paid, the new principal balance is calculated by subtracting the excess principal payment and the payment toward principal from the minimum periodic payment from the initial principal; and recalculating a new minimum periodic payment based on remaining time and balance of the loan.03-17-2011
20110106694SYSTEM AND METHOD PAYMENT ALLOCATION AND PROCESSING OF BANKRUPTCY CLAIMS - A system and method provides electronic management and processing of bankruptcy-related claims and payments. The method includes receiving loan servicer data from a loan servicer portfolio. The method also includes receiving trustee data from a repository of trustee information. The method includes comparing one or more data fields related to the claims from the service provider data to corresponding one or more data fields related to the claims from the trustee data and assigning a score to the comparison results for the data fields related to the claims based on one or more business rules. The method includes calculating the total score for the comparison results for the claims, designating the claim as being valid if the total score for the claim is greater or equal to a predetermined value, and designating the claim as being invalid if the total score for the claim is less than a predetermined value.05-05-2011
20110106693Automated Loan Risk Assessment System and Method - An automated loan risk assessment system and method are described. The system is adapted to receive information about a loan or an insurance application requesting insurance to cover same. The system calculates a risk score for the loan based on a plurality of risk factors including at least two of a fraud risk factor, a credit risk factor and a property valuation risk factor. The risk score can be used by a loan service provider in deciding whether or not to fund or insure the loan.05-05-2011
20110106692LOAN PORTFOLIO MANAGEMENT TOOL - A loan portfolio manager system is provided to predict and prioritize loans at risk of default and foreclosure. The loan portfolio manager system may analyze the loans at risk to determine which of the loans are at risk and also candidates for modification. The loan portfolio manager system may generate recommended modification solutions for those at risk loans by applying configurable criteria and data analytics. The loan portfolio manager system may monitor and report on the health of loan portfolios, borrowers, and on success of loan modifications. The loan portfolio manager system may facilitate loan modification business process outsourcing through campaign management and buyer contact/interaction capabilities.05-05-2011
20110106690PRETERM LOAN SYSTEM AND METHOD OF USING THE SAME - Disclosed are systems, methods and computer program products, including a method performed by one or more processor-based devices. The method includes determining a financial arrangement between a lender and a borrower, to receive by the lender one or more periodic payments from the borrower over a pre-determined time period that precedes the acquisition of an unidentified asset. The payments received are used, upon identification of the asset, to pay a required down payment portion of the price of the asset. The financial arrangement includes information specifying predetermined financing attributes to be implemented at the conclusion of the pre-determined time period. The method further includes setting at the conclusion of the predetermined period the predetermined financing attributes based, at least in part, on a determination of an extent of compliance of the borrower with obligations of the financial arrangement.05-05-2011
20110106689EQUITY BASED INCENTIVE COMPENSATION PLAN COMPUTER SYSTEM - A system and process linking an external computer with a system of a lending institution, a market information vendor or brokerage company, to provide for simultaneous tracking of one or more investments by a Plan to ensure each Plan's investment provides adequate collateral for the lender. Further, the system provides access to Plan component values via electronic means to the various parties of interest; the Plan participant, the Plan administrator, the Plan lender, and the Plan sponsor. Finally, the system creates forecasts of a Plan using assumptions to enable a reader of the illustration to understand the employee participant and employer sponsor benefits and costs of the program.05-05-2011
20120233061METHOD AND APPARATUS FOR DEVELOPMENT AND USE OF A CREDIT SCORE BASED ON SPEND CAPACITY - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. A SOW score focusing on a consumer's spending capability can be used in the same manner as a credit bureau score.09-13-2012
20100094750CALCULATING CREDIT WORTHINESS USING TRANSACTIONAL DATA - Aspects of the invention provide for the use of transactional data in determining credit and product offerings. Further aspects of the invention provide for generating financial statements and indices using transactional data for use by users and/or financial institutions. The transactional based financial statements and indices may be used for making underwriting and financial planning decisions.04-15-2010
20100094749System and Method for Matching Loan Consumers and Lenders - A system and method for matching a loan consumer with lenders via the Internet includes receiving loan consumer application information. The application information is stored in a database. An internally specified filter is applied to the information to determine if the loan consumer meets a set of loan criteria. A subset of the information is submitted to a credit bureau. A credit report is generated based on the subset of information. A lender database is searched to match the customer information and credit report to ranked lenders. A query is transmitted to one of the lenders. A response is generated and received based on the query. Subsequent query and response steps are repeated only after receipt of the previous response, until all lenders have been queried. Only lenders who responded with an approval are presented for review by the customer.04-15-2010
20100094748Adjustable risk mitigation system and process for managing a construction loan - A comprehensive fully integrated adjustable risk mitigation system used for managing a construction loan. The mitigation system includes a communication network computer with website for communicating with a construction lender, via the internet, for receiving plans for a proposed construction project and for displaying documents, related applications and the like to the client and to stakeholders. The network computer includes Audit Application Software for creating an audit application with proprietary business rules and metrics for an analysis of the construction project. The Audit Application Software is also used to generate a completed construction audit application declining or recommending the construction loan for review by the client on the website. The network computer also includes a local area and wide area network web server software programmed with adjustable, updated state statutory requirements pertinent to setup of a construction loan. Further, the web server software contains a draw data proprietary application having adjustable risk mitigation business rules and updated state statutory notice and lien compliance requirements and a proprietary construction site inspection application with construction data for review by the client and the stakeholders on the website.04-15-2010
20120084197Managing Credit Risk - Aspects of this disclosure relate to a computer assisted method for managing credit risk which includes electronically receiving data regarding one or more credit quality standards, electronically receiving data regarding one or more policy limits or exception rate limits and electronically receiving data regarding one or more concentration limits. The method may further include using a computer to establish one or more predetermined delinquency guardrails which relate to a maximum desired potential Net Credit Losses (NCL) or a minimum desired potential return (e.g., Risk Adjusted Margin (RAM)) for particular aspects of an organization. The method may further include managing a credit risk by making a series of determinations about the electronically received data, wherein the determinations may include at least one of: determining whether the one or more predetermined delinquency guardrails have been exceeded, determining whether the policy limits or exception rate limits have been exceeded, and determining whether the concentration limits have been exceeded.04-05-2012
20120084196Process and System for Producing Default and Prepayment Risk Indices - A process, system and program for generating an index of loan default and prepayment risk for a region. This disclosure relates to analytical financial tools including a process, system and program for producing indices for loan default and prepayment risk by local region and origination date. A scoring system can generate an index number for local geographic risk scores for lending analysis including with the use of data by a statistical model of loan defaults and prepayments.04-05-2012
20120123931CREDIT SCORE AND SCORECARD DEVELOPMENT - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The outputs can be used as attributes to consider in developing a credit bureau scorecard.05-17-2012
20120317017Creation, Redemption, and Accounting In a Virtual Currency System - A virtual currency system keeps track of virtual credits, which can be owned, transferred, purchased, and sold by participants in a virtual economy. Each virtual credit has an internal value and an external value, which define, respectively, the exchange rates for creating and redeeming the virtual credits. Upon creation of new virtual credits, the internal value for those credits is the rate for which real currency was paid per credit. The external value sets the rate at which the virtual credits can be redeemed for real currency. Each virtual credit may further have a face value, which is an apparent value of the virtual credit within the virtual economy, giving users a baseline impression for valuing the virtual currency. These features of the virtual currency enable a number of useful actions within the virtual economy, including currency seeding, couponing, and chargebacks.12-13-2012
20120317016System and Method for Trading Debt Instruments - A system for facilitating debt instrument transactions has a processor for communication with a plurality of remote computers via a network. The processor is configured to store a data structure in a memory. The data structure has data items associated together as a user profile. The data items comprise data representative of a financial condition and creditworthiness for a user associated with the user profile. The processor is further configured to complete a debt instrument transaction between the user and a lender in response to inputs from a plurality of the remote computers. The processor is further configured to detect the completed debt instrument transaction, and in response to detection of the completed debt instrument transaction, automatically update the stored user profile based on the completed debt instrument transaction and republish the updated user profile so a lender may extend an offer to the user regarding another debt instrument transaction.12-13-2012
20120317015Loan Management System and Methods - A system for managing loans and loan leads is described. The loan and loan lead management system features software and hardware that permit loan applications to be received, submitted, and processed in an automated electronic process while also generating leads based on loan applicants whose loan applications are rejected or withdrawn that may be sold to other lenders. Another module of the system's software permits loan applicant information to be cross-checked against databases containing details concerning defaulted borrowers to enhance the ability of lenders to engage in collection efforts against debtors. The system may also be installed at a retail location to provider store-level loan application submission and processing that can generate resalable leads that can be transmitted by a system administrator to lead purchasers.12-13-2012
20120317014METHODS AND SYSTEMS FOR ACTIVELY OPTIMIZING A CREDIT SCORE AND MANAGING/REDUCING DEBT - The invention provides various systems and methods for actively optimizing a credit score and reducing debt. The method includes receiving a credit report including credit accounts, balances, interest rates, and rate types for the credit accounts. The method further receives bank account and payroll information, as well as fixed and variable expense information. The method then generates a financial report based on the received information. Based on the financial report, the method calculates a payment amount, and determines available unassigned income. An allocation of the available income for debt reduction and credit score optimization is received, and the method dynamically allocates the funds to pay the credit accounts, the fixed expenses, and variable expenses such that the customer's debt is reduced and the customer's credit score is improved.12-13-2012
20120317013Computer-Implemented Systems And Methods For Scoring Stored Enterprise Data - Systems and methods are provided for scoring transaction data representative of transactions of disparate types transaction data describing a transaction that has occurred is received. The transaction data is stored in a plurality of segments, where a segment is formatted according to a template, where the template is selected based on an attribute of the transaction, and where the attribute is a customer attribute, an activity attribute, or a channel attribute. Transaction data associated with a segment is aggregated based on a particular attribute. The aggregate transaction data is provided to a predictive model to generate a fraud score. New transaction data is received describing a new transaction, wherein the new transaction includes the particular attribute. A real-time score is provided indicating a likelihood of fraud for the new transaction, wherein the score is based at least in part on the fraud score generated using the aggregate transaction data.12-13-2012
20110112960SYSTEM FOR ANALYZING LOAN DATA - A system and method are disclosed for a borrower to obtain and/or evaluate desired financial services. Personal information from the borrower is obtained and recorded. A credit grading for the borrower is determined based on the personal information, and based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower. The credit grading is determined by an independent entity (or its computer system) that will not provide the financing to the borrower. The financing may be a loan, such as a mortgage loan or an auto loan or the financing may be the issuance of a credit card or a line of credit. The independent entity may also compile a comparison of closing costs associated with the financial transactions.05-12-2011
20100088222COMMUNICATION SYSTEMS AND METHODS - Systems and methods for communicating a financing application from a retailer to a finance source are provided. In some embodiments, information related to a financing application may be communicated from a retailer. The information may be converted to a suitable file format and automatically transmitted, for example, as a facsimile (or any other suitable file format) over communications paths using a communications network. In some embodiments of the present invention, motor vehicle dealership financing application techniques are used to determine financing eligibility, financing terms, or any combination thereof in connection with the sale or leasing of motor vehicles.04-08-2010
20120130885UNIFIED PAYMENT ALLOCATION SYSTEM - In a method of making a financial transaction, a distinctive identification of a buyer is registered with an institution which assigns the identification of the buyer to data stored by the institution. A purchase by the buyer at a point of sale is approved by the institution, when the identification transmitted to the institution at the point of purchase and the data are verified by the institution. At a time after the institution has approved the purchase, the buyer selects the form of payment to be charged for the purchase, when the purchase is above a predefined minimum charge.05-24-2012
20120215682METHOD AND APPARATUS FOR REAL TIME ONLINE CREDIT APPROVAL - A system and method are described for providing real time approval of credit over a network. The method includes obtaining applicant data from an applicant. The applicant data is analyzed into a form suitable for directly obtaining a credit report from a credit bureau for the applicant. A credit report having credit report data is obtained from a credit bureau for the applicant. It is then determined whether to accept the applicant using the credit report data and it is communicated to the applicant that the applicant has been approved.08-23-2012
20120215681SYSTEM AND METHOD FOR PROVIDING PRE-QUALIFIED AND GUARANTEED FINANCIAL PRODUCTS - Techniques for providing pre-qualified and guaranteed financial products are disclosed. In one exemplary embodiment, the techniques may be realized as a computer-implemented method for providing a guaranteed financial product to a customer. The computer-implemented method may include receiving, from a communications device, customer information associated with a user. The computer-implemented method may also include determining, using a financial institution communications device, a credit score and an assessment of the credit-worthiness of the user based on the customer information. The computer-implemented method may further include outputting, to the communications device, the credit score and the assessment of the credit-worthiness of the user. The computer-implemented method may still further include determining, using the financial institution communications device, whether the user is eligible for guaranteed approval for one or more financial products based on the credit score and the assessment of the credit-worthiness of the user.08-23-2012
20120215680Financial services credit program - Consumers are issued a credit card that is secured by the consumer's vehicle. This new card will combine all the best features and benefits of a traditional credit card, along with the higher loan amounts of a traditional consumer loan and the ease of origination, funding, and security of a car title loan. Additional benefits include open-ended terms instead of traditional fixed installment loan terms, lower monthly payments, higher credit limits, and flexible, revolving lines of credit. No other bank or lender currently issues a credit card secured by a customer's vehicle. While there are a number of banks that offer secured credit cards, none of them are secured with a cardholder's vehicle, and while there are a number of conventional consumer, auto, and car title lenders that make loans secured by a customer's vehicle, none of them issue credit cards.08-23-2012
20100205089System and Mehtod for Providing a Credit Account for Debt Recovery - The invention includes systems and methods for providing a credit account for debt recovery. A recovery credit account is provided for a customer with an existing charged-off debt. Some of the customer's charged-off debt may be forgiven as part of a settlement when the customer enrolls in the recovery credit account, but the opening balance of the recovery credit account will represent the entire debt obligation of the customer going forward. The recovery credit account includes a credit limit that is lower than the opening balance. Reducing the account balance to less than the credit limit triggers open-to-buy status, issuance of a credit card, and activation of over the limit fees for future balances over the credit limit.08-12-2010
20100205088Methods and systems for netting of payments and collateral - The present invention generally provides for systems and methods for netting payments and collateral. Generally, systems and methods of the present invention maximize market liquidity and minimize financial risk and collateral burdens of participants.08-12-2010
20100205087SYSTEMS AND METHODS TO PROMOTE LOAN REPAYMENT - Methods and systems permit data management for promoting repayment of loans, such as mortgage loans. In an example embodiment, a remuneration account may be established and associated with a loan or mortgage loan. The remuneration account represents a monetary remuneration amount conditionally payable to a borrower on the loan upon satisfaction of a repayment condition of the loan. Delinquency information representing whether or not the borrower is delinquent on a payment of the loan is monitored. The delinquency information can be associated with the remuneration account value. By examining the delinquency data, all or a portion of the remuneration account value can be released as a function of the examination of the delinquency data by the digital processor, such as by making payment of the remuneration to the borrower upon satisfaction of the repayment condition or cancellation of the remuneration account upon detection of delinquency or default conditions.08-12-2010
20120136776AUTOMATED QUALITY CONTROL ASSESSMENTS OF DATASETS ASSOCIATED WITH REAL ESTATE TRANSACTIONS - A computer-based system assesses whether documents are accurate and sufficient to support various transactions. In one aspect, a document manifest is provided in connection with quality control results and corresponding reports. The document manifest lists documents that are required for a particular transaction. The list may also be associated with document publication pursuant to the transaction. The document publication aspect allows dataset quality control procedures to be associated with documents published for a transaction. This aspect also allows confirmation that the appropriate version of the published set of documents is or was used for the transaction.05-31-2012
20120136774System for resolving transactions - An apparatus for resolving a debt transaction is provided. The apparatus includes a server having means for contacting the debtor by transmitting a communication to the debtor using one of a number of available communication channels, a credit information seeking module configured to obtain information from a financial information source other than the server and the debtor, and a rules based decision module configured to analyze information to determine a potential resolution strategy for the debt transaction comprising a transaction settlement offer based on creditworthiness of the debtor based on rules established by the creditor. The server is configured to provide the debtor with the transaction settlement offer, and to attempt to obtain agreement from the debtor to settle the debt transaction based on the at least one transaction settlement offer, and process at least a portion of a payment.05-31-2012
20110184851METHOD AND APPARATUS FOR RATING ASSET-BACKED SECURITIES - Share of Wallet (“SoW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumer's spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The likelihood of default determined by the SoW model, when applied to a loan portfolio, can reduce the amount of credit enhancement required for an asset-backed securities rating.07-28-2011
20100174639EMERGENCY FUND AND REPLACEMENT OF CREDIT/DEBIT CARDS-LOST, STOLEN, DEFECTIVE OR FRAUDULENTLY USED - A credit card Emergency Fund system, comprising the steps of a credit card provider opening one or two accounts with two different card numbers, with a first “main credit card” and a second credit card for a spare. Alternatively, one credit card is provided with one or two accounts. Upon the customer's request, when the credit limit of the main credit card is fully expended, the spare credit card, with the Emergency credit line, or the Emergency credit line with a single card, is activated for a limited time period.07-08-2010
20100174638REPORT EXISTENCE MONITORING - Certain consumers may not have a credit report and, thus, may not be able to enroll in a credit monitoring service. A credit report monitoring system requests a credit report of consumers that are attempting to enroll in a credit monitoring service. If no credit report is located for the consumer, a credit report of the consumer is automatically periodically requested by the system. When a credit report is later located, the consumer may continue with enrollment in a credit report monitoring service. In this way, the consumer is alerted of the (possibly fraudulent) creation of a credit report and is quickly able to enroll in a credit monitoring service.07-08-2010
20120173407INTELLIGENT COLLECTIONS MODELS - Apparatuses, computer media, and methods for analyzing credit and tax form data and determining a collections treatment type to collect revenue. A collections model is constructed to determine a collections score that is based on raw credit data and tax form data and is indicative of a debtor's propensity to pay an owed amount. The collections model includes score bands, each score band being associated with a range of credit scores. A collections score is determined from a scoring expression that is associated with a score band and that typically includes a subset of available raw credit data and tax form data. A collections treatment type is determined from a collections score. Each treatment type corresponds to a treatment action that is directed to the debtor. A collections model is constructed from historical tax data, in which score bands and scoring expressions are constructed for the collections model.07-05-2012
20100299245Web-based home-loan assessment system and mortgage brokerage service - “The web-based home-loan modification assessment system prepares a detailed financial statement of borrower's income and expenses that the lender uses in determining whether or not to modify the borrower's mortgage agreement. The website is designed to streamline the information gathering process. The data input device can be a keypad, a pda, or a phone. The borrower answers questions about his current financial status. Once submitted, the personal data is organized into a request form for a loan modification. The processor determines the amount that the borrower is able to afford using either a front end debt-to-income ratio, or back end debt-to-income ratio. The net present value of the real property is then calculated. The request form is then submitted to the borrower for review and approval in real time. If the calculations support modifying the mortgage agreement, the information is submitted to the lender for consideration.”11-25-2010
20100049651Loyalty-Based Credit Prescreening System - An integrated credit and loyalty offering to a retailer maximizes the effectiveness of both programs. The integrated system allows a retailer to enroll customers in a loyalty program, then solicit only pre-qualified customers immediately upon receipt of demographic information corresponding to the customer. The integrated system accepts transaction data from the retailer's loyalty program through the retailer's POS system to the credit prescreening program and awards appropriate loyalty rewards, as well as authorizing the retailer to offer credit to the pre-qualified customers. The credit prescreening process is done in real time as part of a retail transaction with the customer.02-25-2010
20100274710Computer system and method for networked interchange of data and information for members of the real estate financial and related transactional services industry - An Interchange Party Computer System (“IPCS”) comprising: a plurality of units of allocated resources, configured for a lender party, broker party, transaction party and/or investor party, each unit of allocated resources including one or more administrator user interfaces that allow a participating party to manage its allocated resources and define which of its users and which other participating parties may access its allocated resources and use elements thereof, wherein at least one of the allocated resources include database allocated resources that are managed by the participating party assigned the resources, the allocated resources for the database being accessible and usable by a participating party on terms defined by the participating party responsible for managing the database allocated resources wherein at least one of the allocated resources include at one or more modules selected from the group of: a Rate and Loan Program Module that includes means to define loan programs or search defined loan programs in a database, an Automated Underwriting Module, a Mortgage Pools Module; a File Status and Transaction Party Module, which includes means to do two or more of: assign tasks, present task status, control viewing of task status, assign viewing privileges, monitor satisfaction of lender conditions, and upload loan documentation that are managed by the participating party assigned the resources; the allocated resources for the selected modules being accessible and usable by a participating party on terms defined by the participating party responsible for managing the selected modules allocated resources.10-28-2010
20100274708APPARATUS AND METHOD FOR CREATING A COLLATERAL RISK SCORE AND VALUE TOLERANCE FOR LOAN APPLICATIONS - A computer implemented system for converting loan risk and property database information into a risk-adjusted value and report comprising software modules configured with instructions to retrieve electronic property value data from one or more electronic property value and property characteristic databases and calculate a property value estimate, loan risk value, property value, and loan risk value estimates; and producing a report with a collateral risk score. The invention also comprising a module for calculating a variance based on the combined collateral risk score conditions approval of an electronically submitted evaluation order based on whether a given qualifying value falls within the calculated variance. The invention further comprising a software module with instructions to calculate the percentage of difference between the qualifying value and a limit of the calculated variance.10-28-2010
20120179599Non-Credit Account Credit Rating - A consumer's credit rating is derived from non-credit transactions on an account. Each transaction was a purchase by the consumer from a merchant using a pre-paid card. The derived consumer's credit rating can use a total of all of the transactions, totals for each merchant and/or for categories thereof. Here, the account is issued by an issuer to the consumer. Each merchant submits each non-credit transaction to an acquirer for processing by a transaction handler who requests the issuer to obtain payment for the transaction from the account. The issuer forwards the payment to the transaction handler who forwards the payment to the acquirer to pay the merchant for the purchase of the transaction. The derived credit rating can also consider prior credit ratings based upon prior credit transactions.07-12-2012
20120179598Systems and Methods for Assessing Metrics of Loans, Financial Instruments and Financial Entities - A method, system and computer program product for assessing performance metrics of loans, financial instruments and financial entities based on score values and/or characteristic models.07-12-2012
20100306099Systems and Methods to Process Transactions Based on Social Networking - Systems and methods to authenticate and process requests received via social networking websites. In one aspect, a system includes a data storage facility to store data associating a first phone number of a user with an identification of the user in a social networking website; and an interchange coupled with the data storage facility. The interchange includes a common format processor and a plurality of converters to interface with a plurality of controllers of mobile communications. The converters communicate with the controllers in different formats and with the common format processor in a common format. The common format processor receives a request including the identification of the user, identifies the first phone number of the user based on the data stored on the data storage facility, and uses the converters to communicate with a mobile phone at the first phone number to confirm the request.12-02-2010
20120254020TRANSACTION PROCESSING ENTITY DEVICE SUPPORT OF AN INTEGRATED OFFER NETWORK - A method begins by generate, for each of a plurality of merchant devices, an offer data file to produce a plurality of offer data files. The method continues by: compiling, for one issuer device, an options data file for a group of credit cards based on at least one of the plurality of offer data files; transmitting the options data file to the issuer device; receiving, from the issuer device, at least one selection from the options data file to produce an options program file for the group of credit cards; receiving, from a card holder device associated with one of the group of credit cards, a selection of at least one option from the options program file to produce at least one selected option; and processing transactions of the one of the group of credit cards in accordance with the at least one selected option.10-04-2012
20120254018Methods and Systems for Score Consistency - Provided are methods and systems for determining score consistency.10-04-2012
20120254017System and Method for Credit Information Acquisition, Aggregation, and Maintenance - A computer implemented system and method, in a client-server environment, is provided for customer credit information acquisition, aggregation, and maintenance, during an automobile sales cycle. An identification (ID) module is configured to capture and associate customer identification data with an electronic customer file, while a credit application module captures and associates a customer credit application with the electronic customer file. An electronic dashboard tracks and selectively displays status of the electronic customer file, while an enforcement module selectively permits and prevents acquisition of a credit report for the customer in accordance with the status of the electronic customer file. A credit report module is configured to, upon permission by the enforcement module, acquire a credit report for the customer and associate it with the customer file.10-04-2012
20120185377METHOD AND SYSTEM FOR GENERATING AND SHARING CUSTOMIZED PORTABLE CONSUMER DEVICES - A method for receiving and presenting user-generated designs and sets of terms for portable consumer devices. The method provides for allowing a first person to create a customized design for a portable consumer device, and share the design with other consumers via a host site. Similarly, the method provides for allowing a first person to create and share a customized set of terms for the portable consumer device. Methods for receiving and distributing feedback for customized designs and sets of terms are included.07-19-2012
20120226599Computerized Extension of Credit to Existing Demand Deposit Accounts, Prepaid Cards and Lines of Credit Based on Expected Tax Refund Proceeds, Associated Systems and Computer Program Products - Systems, computer programs encoded on non-transitory memory, and computer-implemented methods to make available new credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of a customer based on expected tax refund amounts. The new or additional credit being, for example, based on a computerized estimate of the tax refund of the customer. The existing line of credit, for example, is adjusted based on the expected refund and/or actual tax refund determined to be available, which can serve as an additional source of repayment for the line of credit. One or more of several adjustments may then be made to an existing line of credit: the line of credit may be increased; fees reduced; or the terms of payment adjusted.09-06-2012
20130018777SYSTEMS, METHODS AND APPARATUS FOR SOCIAL NETWORK-BASED LENDING - Systems, methods and apparatus for lending are disclosed that match borrowers with potential lenders. Social media is utilized to disseminate information about lending opportunities to members of a borrower's social network or lender's social network.01-17-2013
20090018953COLLATERALIZED LOANS WITH PERIODIC DRAWS SUBJECT TO A TRIGGERING EVENT - This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate.01-15-2009
20090018952SYSTEM AND METHOD FOR PROSPECTING AND PROCESSING LOAN APPLICATIONS - The present invention provides a method for loan prospecting that comprises retrieving a telephone number of a potential client from a first database using a client relation management (CRM) module, calling the retrieved telephone number to determine whether the potential client is interested in a financial product using a dialer embedded on a graphical user interface (GUI) of the CRM module, retrieving personal data on the potential client from one or more external databases if the personal data is not available in the first database, displaying the retrieved personal data on the GUI, verifying the potential client's identity using the personal data, obtaining a credit score on the potential client, generating a loan pricing report using one or more pricing engines based on the credit score and the personal data, and displaying the loan pricing report on the GUI.01-15-2009
20080301038System and Method for Sharing and Allocating Financial Risk Associated with a Loan - An application for a loan comprising information about a buyer is received. An amount of funds to be contributed to the holdback pool by the seller based on the information about the buyer is determined. Approval of the amount of funds is received from the seller. The application for the loan is approved responsive to the approval from the seller.12-04-2008
20080301037SYSTEMS AND METHODS FOR AUTOMATIC MIGRATION OF A CONSUMER BETWEEN FINANCIAL ACCOUNTS - Embodiments of the invention provide systems and methods for automatically migrating a consumer from one prepaid financial account to another prepaid financial account based on preset trigger criteria. A prepaid payment device, such as a payroll card, may be issued to the consumer and associated with a prepaid financial account. The prepaid financial account may include a profile for the consumer. The issuer of the prepaid payment device may monitor the account activity and set trigger criteria that control when the consumer is automatically migrated from the current prepaid financial account and which type of new account the consumer is migrated into.12-04-2008
20120265670METHOD AND SYSTEM FOR GENERATING AN INDEX OF PERFORMANCE USING NON-TRANSACTIONAL TRADE DATA - There is provided a method for providing an index of performance of a party. the method includes (a) generating a transactional index, (b) generating a non-transactional index, and (c) generating the index of performance based on a weighted average of the transactional index and the non-transactional index. There is also provided a system that performs the method, and a storage medium having instructions that control a processor to perform the method.10-18-2012
20110004545System and method for offering risk-based interest rates in a credit instrument - A system and method for communicating an offer to apply for a credit instrument is provided. A processing allows for processing credit history data. A calculating step allows for calculating a first plurality of interest rates based on the credit history data. A determining step allows for determining a second plurality of interest rates based on the first plurality of interest rates, wherein the second plurality of interest rates corresponds to a plurality of credit risk scores. Finally, a communicating step allows for communicating the offer to apply for a credit instrument in an initial communication with an offeree, the offer disclosing the second plurality of interest rates. An apparatus that calculates the interest rates used in the offer is also provided.01-06-2011
20110004544ENVIRONMENTAL AUDIT METHOD - A method for performing an environmental audit to accompany commercial loan transactions, residential loan transactions, and other loan transactions or review is disclosed. The audit requires the evaluation of the environmental risk associated with a service or piece of real property. Although not all may apply to a given transaction, the evaluation considers the following criteria: property, service operation, current compliance, and future compliance. The report may also include an explanation of any low scores, recommendations, other notes, and a section covering liabilities and limitation. The invention also includes a method to be used by a single environmental auditing firm for employing the disclosed environmental auditing method in all loan transactions generated by one or more financial institutions.01-06-2011
20120239553METHOD FOR PROCESSING AND FUNDING SHORT-TERM LOANS TO A CONSUMER AND A METHOD FOR CONVERTING CURRENCY, BOTH TO A MOBILE CREDIT STORAGE FACILITY ACCOUNT - A system for processing and funding short-term loans to a mobile credit storage facility account, including providing currency exchange services to the mobile credit storage facility account. Loan types include short-term loans, payday loans, micro credit loans, mobile telecommunication carrier top-off loans and overdraft loans. Loans may be based on an applicant's loan application, history of employment or mobile money creditworthiness including mobile money historical transactions and mobile phone company records. Loan funds may be deposited directly to the consumer's account that is associated with his/her mobile device. They may also be automatically debited for various payments. The consumer's mobile device telephone or IMEI number is used as a unique identifier to established and analyze a credit history and to facilitate the mobile money transactions.09-20-2012
20120239552SYSTEM AND METHOD FOR DYNAMIC WORKING CAPITAL - A method and system for dynamic working capital are disclosed. According to one embodiment, a computer-implemented method comprises calculating a maximum capital line available for a customer, providing for access by the customer to the maximum capital line, and providing for micro-repayment of funds received by the customer.09-20-2012
20120239551COMPUTER SYSTEM FOR CONTROLLING A SYSTEM OF MANAGING FLUCTUATING CASH FLOWS - Apparatus (method implemented with a machine, the machine, the method for making the machine, and products produced thereby) for controlling a system of managing cash flows for a transaction. The apparatus includes data processing means arranged for receiving information into memory, including respective descriptions of, statistical assumptions for, and financial assumptions for risks. The data processing means including: calculating means, responsive to said descriptions and assumptions, for calculating expected cash flows corresponding to said risks for time periods; accounting means for determining, responsive to actual cash flow information from occurrence of events corresponding to said risks, for a first party owing the expected cash flows to a second party, and for determining, for the second party owing actual cash flows to the first party, a net settlement, for each of said time periods, between the parties in the transaction, to manage the actual cash flows and the expected cash flows.09-20-2012
20110131131RISK PATTERN DETERMINATION AND ASSOCIATED RISK PATTERN ALERTS - Embodiments of the present invention relate to systems, apparatus, methods and computer program products for integrated risk assessment and mitigation. More specifically, embodiments of the present invention provide for determining risk patterns and, in particular embodiments, emerging risk patterns associated with emerging risk, based on a combination of, or in some embodiments all, financial institution data from multiple financial institutions, data aggregator data, non-financial institution data, negative activity data and/or risk deviation data. As a result of the determination of risk patterns, risk pattern alerts may be communicated to designated recipients for the purpose of managing the risk. In additional embodiments, a health risk indicator is determined that indicates the current condition of risk for a customer, a company, an industry or industry segment.06-02-2011
20110131130INTEGRATED RISK ASSESSMENT AND MANAGEMENT SYSTEM - Embodiments of the present invention relate to systems, apparatus, methods and computer program products for integrated risk assessment and management. More specifically, embodiments of the present invention provide for a risk database that collects and/or receives transaction data. In other embodiments of the present invention, the risk database collects and/or receives asset data and liability data associated with multiple financial institutions. The data is accessed to monitor customers' risk and one or more risk management actions are initiated based on the monitored customer risk.06-02-2011
20120323761System and Method for Implementing a Consolidated Application Process - A system and method for dynamically creating and presenting a network based application for any number of a plurality of products. The method and system upon receiving a request to apply for one or more of a plurality of products, dynamically creates an application pages that includes fields to input the specific information required to apply for the selected products. The application page is provided to the applicant through the network and the application data is received by the system. The method and system causes the application data to be processed and provides the results to the applicant. The applicant is provided the results of multiple specific applications in with minimal data input and in real time.12-20-2012
20120323760DYNAMIC LOAN SERVICE MONITORING SYSTEM AND METHOD - The disclosure describes a method and system monitoring a set of loans and identifying loans in the set that that are likely to default before an upcoming date. The system uses a set of data about loans that are in a default status and loans that are in a non-default status to train a set of loan models. The loan models include at least one model for a defaulted loan and at least one model for a non-defaulted loan. After the loan models are created, the system monitors active loans and classifies each active loan in accordance with one of the loan models. Based on the loan model to which the active loan is classified, the processor will determine a probability of default over a prospective time period for the active loan and issue an alert when a loan's probability of default exceeds a threshold.12-20-2012
20110047071TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.02-24-2011
20110047070Financial Collaboration Networks - The disclosed system and method for providing financial collaboration networks generally includes a data processing system adapted to permit a plurality of group collaborators to perform financial transactions with a plurality of users or network participants. Representative embodiments of the present invention generally provide web-based financial collaboration systems that may be adapted to permit a plurality of borrowers, for example, to negotiate more favorable terms with a lender for subsequent loans made to the borrower members of the collaborative group.02-24-2011
20120271756SEGMENTATION PROCESS AND DECISION MATRIX - Embodiments of the present invention provide a system and method for a segmentation decision engine to import and analyze asset data, comprising gathering asset and borrower related data for a selected asset from an asset contact, analyzing the asset and borrower related data for the asset, using proprietary modeling to predict a plurality of possible strategies based on the data, and selecting an optimal strategy from the plurality of possible strategies.10-25-2012
20110218906DYNAMIC CREDIT MANAGEMENT - A method for providing a financial evaluation of at least one financial instrument or of an issuer supports the provision of a dynamic credit limit. A dynamic credit limit may be associated with a counterparty or a debt security of the counterparty, for example. The method includes obtaining counterparty credit quality data associated with a transaction of the financial instrument between a party and a counterparty. Debt market data is obtained where the debt market data is associated with or relevant to the transaction. A dynamic credit limit is determined for the counterparty or a financial instrument of the counterparty based on at least one of the inputted counterparty credit quality and the obtained debt market data. The dynamic credit limit may be defined in terms of a credit exposure versus time.09-08-2011
20110238565SYSTEM AND METHOD FOR FINANCIALLY DISTRESSED PERSONS TO AVOID CONSEQUENCE OF FORECLOSURE - A novel system, method and computer program product for enabling owner/debtor's particularly, of dwellings, e.g. single or multi-family dwellings homes, condominiums, etc. (mortgagors), who are in financial distress and may be entering into a home foreclosure, to avoid the foreclosure by enabling them to purchase another real-estate property as joint or co-owner with another debtor, e.g., who may or may not be in a similar foreclosure situation. Immediate beneficial effect of such an equity purchasing arrangement for all parties is realized when brokered and transacted according to the systems and methods of the present invention. For instance, based on pool membership and an affordability factor rating, customers may be immediately extricated from the foreclosure process, advantageously matched with another borrower using calculations provided by the invention, and placed in an equity home co-ownership situation.09-29-2011
20110238564System and Method for Early Detection of Fraudulent Transactions - Systems, methods, and computer-readable media are disclosed for improved early detection and alerts related to fraudulent transactions. Certain embodiments involve sending an alert message to a mobile device associated with a portable consumer device. The alert includes notification of a recent transaction related to an account that is associated with the portable consumer device. A reply message is then received in response to the alert message. The response may indicate that the recent transaction is fraudulent. A risk engine is then updated with data associated with the reply message. In one potential additional embodiments, analysis and projections of potential future fraud are created or updated based on the reply message.09-29-2011
20120278227SYSTEMS AND METHODS FOR USING DATA METRICS FOR CREDIT SCORE ANALYSIS - Embodiments of the present invention may provide systems and methods for receiving a request for an anticipatory credit score for an individual; identifying one or more credit entries for the individual; accessing a data metrics model for determining anticipatory credit scores; determining, if applicable, one or more timed credit entries in the one or more credit entries; calculating the anticipatory credit score for the individual for a set time in the future using, if applicable, the one or more timed credit entries; and sending the anticipatory credit score.11-01-2012
20120278226SYSTEMS AND METHODS FOR USING DATA METRICS FOR CREDIT SCORE ANALYSIS - Embodiments of the present invention may provide systems and methods for receiving a request for an individual's credit report; identifying the individual's one or more credit entries from the individual's credit report; accessing a credit model; calculating a credit score with the credit model using aspects derived from the individual's credit report; accessing a data metrics model; calculating a data metrics score for the individual's one or more credit entries; preparing a credit report combining the results of the credit score and the data metrics score; and sending the credit report.11-01-2012
20110251945METHODS AND SYSTEMS OF PREDICTING MORTGAGE PAYMENT RISK - Disclosed herein are methods and systems for detecting a risk of payment default. In various embodiments, the systems/methods receive mortgage data associated with a mortgage application of an applicant, generate one or more models based on data related to historical mortgage transactions and determine a payment default risk score based at least partly on the one or more generated models, the mortgage data associated with the mortgage application, and the credit data related to the applicant. In another embodiment, a system is disclosed for selecting mortgage applications for further fraud evaluation based on the determined risks of early payment default associated with the mortgage applications and performing the fraud evaluation on those selected mortgage applications.10-13-2011
20110276470CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.11-10-2011
20110276469CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.11-10-2011
20110276468Method And Apparatus For Evaluating Fraud Risk In An Electronic Commerce Transaction - Evaluating fraud risk in a transaction between consumer and a merchant over a network is disclosed. The merchant requests service over the network using a secure, open messaging protocol. An e-commerce transaction or electronic purchase order is received from the merchant, the level of risk associated with each order is measured, and a risk score is returned to the merchant. In one embodiment, data validation, highly predictive artificial intelligence pattern matching, network data aggregation and negative file checks are used to examine numerous factors to calculate fraud risk. A risk score is generated and compared to the merchant's specified risk threshold. The result is returned to the merchant for order disposition.11-10-2011
20110276467SYSTEMS, METHODS, APPARATUSES, AND COMPUTER PROGRAM PRODUCTS FOR FACILITATING PRODUCT TRANSACTIONS - Methods, apparatuses, and computer program products are provided for facilitating financing of a product transaction. A method may include determining a maximum available back-end product for the product transaction as a function of one or more of a target payment limit or a total advance limit. The method may also include determining a maximum available back-end spread for the product transaction as a function of the target payment limit. The method may further include presenting the maximum available back-end product and the maximum available back-end spread. Corresponding apparatuses and computer program products are also provided.11-10-2011
20110276465MID TRANSACTION SUSPENSE AND MICRO LOAN METHOD AND MODULE - A real-time transaction interrogation and determination module that can identify if a cardholder transaction has been declined for insufficient funds. This module, 211-10-2011
20120330820COMPUTERIZED EXTENSION OF CREDIT TO EXISTING DEMAND DEPOSIT ACCOUNTS, PREPAID CARDS AND LINES OF CREDIT BASED ON EXPECTED TAX REFUND PROCEEDS, ASSOCIATED SYSTEMS AND COMPUTER PROGRAM PRODUCTS - Systems, computer programs encoded on non-transitory memory, and computer-implemented methods to make available new credit or additional credit to demand deposit accounts, prepaid cards, and existing lines of credit of a customer based on expected tax refund amounts. The new or additional credit being, for example, based on a computerized estimate of the tax refund of the customer. The existing line of credit, for example, is adjusted based on the expected refund and/or actual tax refund determined to be available, which can serve as an additional source of repayment for the line of credit. One or more of several adjustments may then be made to an existing line of credit: the line of credit may be increased; fees reduced; or the terms of payment adjusted.12-27-2012
20120330819SYSTEM AND METHOD FOR LOCATING AND ACCESSING ACCOUNT DATA - Account data (e.g., balance information) for accounts at a plurality of financial institutions (or government agencies) is stored (and updated) in a central database system and accessed using a personal identifier, such as a social security number. Risk data may be generated for accounts based on the account data. The account data and risk data are accessed in response to either an account search request (e.g., from a government entity and relating to a benefits program or a subpoena) or an account verification request (e.g. from a mortgage company and relating to a mortgage application).12-27-2012
20110320340System and Method for Data Collection, Storage and Analysis For Use in Managing Risk Associated with Lending Portfolio Assets - A computer-assisted, automated method and system for combining loan and asset data in a data warehouse, which provides an early warning system for potential risks and a facility for portfolio and market analysis. The system provides online access, data manipulation, analytical capabilities and report production. The system continuously monitors the lender's data versus thresholds in order to provide alerts. The system selects data on a regular basis, calculates market indices and creates additional data values based on these calculated indices. The market indices are stored in an aggregated data area and are available to user's system-wide.12-29-2011
20120330821METHODS OF MONITORING BEHAVIOR/ACTIVITY OF AN INDIVIDUAL ASSOCIATED WITH AN ORGANIZATION - A cooperative arrangement and method to monitor behaviors and other activities by an individual in an organization. Personal financial information associated with an individual who is associated with, or to be associated with, the organization are obtained. Information is extracted from the personal financial information and input into a risk assessment algorithm. The risk assessment algorithm operates on the input information and generates risk assessment data. The risk assessment data is evaluated to make a determination of certification with respect to the individual. A decision to certify means that the risk associated with the individual, with respect to committing fraud or some other improper act with respect to the organization, is acceptable. Risk assessment data on a plurality of key individuals within the organization may be generated and evaluated to make a determination of certification with respect to the organization as a whole.12-27-2012
20120101937FRAUD DETECTION BASED ON EFFICIENT FREQUENT-BEHAVIOR SORTED LISTS - A computerized method for detecting fraud includes obtaining frequency information on entities in transaction data for at least one individual account, converting frequency information to a frequency variable, and predicting whether an activity is fraudulent in response to the frequency variable. In some embodiments, the frequency variable is used with at least one other variable to predict fraudulent activity.04-26-2012
20120101936Methods and Apparatus for Collateral-Based Financial Transactions - Methods and apparatus for managing collateral based transactions are disclosed. In one embodiment, one or more processors perform defining collateral for a financial transaction, assessing a valuation of the collateral based upon a difference between a material value and a legal tender value of the legal tender precious metal coins, and determining terms of the financial transaction based on the valuation. In some embodiments, the collateral includes one or more legal tender precious metal coins.04-26-2012
20120290467NETWORKING PLATFORM FOR LENDING - A networking platform for lending is disclosed. The platform may facilitate communication of potential borrowers and potential lenders where such lenders are not traditional financial institutional lenders. Generally, the platform is configured in a manner in which the loan is facilitated between the borrower and a lender such that the platform service is sufficiently distanced from the actual lending such that the platform provider is not required to comply with various lending statutes and regulations. The platform may additionally be configured to poll a potential borrower's social network to identify acquaintances that may wish to fund at least a portion of the requested loan.11-15-2012
20100169209SYSTEM AND METHOD FOR INTERACTIVELY SIMULATING A CREDIT-WORTHINESS SCORE - A system and method is provided to allow a consumer to interactively explore his credit score by submitting hypothetical values based on his actual credit data. The system uses the consumer's real credit data and the submitted hypothetical values to calculate a simulated credit score based on a simulator scorecard. The consumer may then observe the changes in the resultant scores. The system and the scorecard may utilize fewer data elements than a complete credit-worthiness scorecard and may instead focus on the key elements affecting a consumer's credit score. The system may be implemented in part on a web server or as a stand-alone application. The system may also update the score dynamically as the consumer adjusts the hypothetical values or may require the consumer to affirmatively submit the new hypothetical data.07-01-2010
20100169210Methods and Systems for Protection of Identity - The present invention relates to a method to the creation and management of a secondary identification to avoid identify theft. Identity theft may occur over the internet, the purchase of goods and services by credit, and many other forms not yet known. The present invention creates a secondary identification for a person by creating one or more of the following secondary identifications which include a secondary email address, a secondary postal address, a secondary phone number, and any other identifying secondary information. The present invention describes methods and systems to create a secondary identification. Further, the present invention may be used to create a credit card containing the requestor's secondary identification.07-01-2010
20120150724TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.06-14-2012
20120150722TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.06-14-2012
20130018776System and Method for Income Risk Assessment Utilizing Income Fraud and Income Estimation ModelsAANM Xie; JianjunAACI PowayAAST CAAACO USAAGP Xie; Jianjun Poway CA USAANM Chi; Hoi-MingAACI PowayAAST CAAACO USAAGP Chi; Hoi-Ming Poway CA USAANM Noe; RogerAACI PowayAAST CAAACO USAAGP Noe; Roger Poway CA USAANM Barnett; MikeAACI PowayAAST CAAACO USAAGP Barnett; Mike Poway CA USAANM Gaddis; BrentAACI PowayAAST CAAACO USAAGP Gaddis; Brent Poway CA USAANM Baker; JamesAACI PowayAAST CAAACO USAAGP Baker; James Poway CA US - A method of income validation and evaluation for income risk assessment is disclosed in one embodiment. The method includes receiving a borrower loan request including a plurality of borrower data selected from the group consisting of: an employment type code, a borrower date-of-birth, a borrower zip code and a stated monthly income. The method further includes analyzing the received plurality of borrower data with respect to a stored plurality of borrower data to generate a normalized plurality of borrower data, implementing, if the stated monthly income is non-zero, an income fraud model utilizing at least the normalized plurality of borrower data including the employment type code, the borrower date-of-birth and the borrower zip code to determine an income fraud score based on the normalized plurality of borrower data, implementing an income estimation model utilizing at least the normalized plurality of borrower data and an age-band to determine a predicted income, and determining a risk assessment value as a function of the income fraud model and the income estimation mode.01-17-2013
20110161225METHOD AND SYSTEM FOR PROCESSING LOAN APPLICATIONS IN A FINANCIAL INSTITUTION - A method and system for processing loan applications in a financial institution is provided. The method includes a step of receiving a first loan application from a first loan applicant. The first loan application includes personal information of the first loan applicant. Further, the method includes the step of determining a repayment score for the first loan applicant based on the personal information of the first loan applicant. The repayment score is calculated using a polynomial equation. The polynomial equation represents a relationship between personal information of a plurality of past loan applications and a plurality of past repayment scores. Furthermore, the method includes processing the first loan application based on a threshold set for repayment scores for a particular type of loan.06-30-2011
20090177576AUTOMATED LOAN PLACEMENT SYSTEM - An automated loan placement system. The abstract of the disclosure is submitted herewith as required by 37 C.F.R. §1.72(b). As stated in 37 C.F.R. §1.72(b): A brief abstract of the technical disclosure in the specification must commence on a separate sheet, preferably following the claims, under the heading “Abstract of the Disclosure.” The purpose of the abstract is to enable the Patent and Trademark Office and the public generally to determine quickly from a cursory inspection the nature and gist of the technical disclosure. The abstract shall not be used for interpreting the scope of the claims. Therefore, any statements made relating to the abstract are not intended to limit the claims in any manner and should not be interpreted as limiting the claims in any manner.07-09-2009
20080249925LIABILITY ADVICE SYSTEM AND METHOD - A computerized method and apparatus for providing a borrower with a choice of products relating to new debts or changes to a portfolio of debts. The method can include collecting borrower information using a user interface, building scenarios of debt products currently available to the borrower, evaluating the scenarios of debt products using (i) payment models for the scenarios determined based on interest and loan information and (ii) the borrower information, and selecting one or more of the scenarios based on the evaluation of the scenarios.10-09-2008
20080235131Method and system for managing a mortgage rebate transaction card account - A method and system of managing a mortgage rebate transaction card account in which a transaction card provider computes a mortgage rebate amount based on the amount of charges incurred against the account and periodically arranges for application of the mortgage rebate amount against a mortgage loan balance for the cardholder. The account is provided by the transaction card provider in connection with either a pre-existing mortgage loan of the cardholder or a prospective mortgage loan of the cardholder. Further, the account can be provided in connection with a mortgage loan from any mortgage lender regardless of the existence or non-existence of an affiliation or association between the transaction card provider and the mortgage lender.09-25-2008
20080235130System and Computer Program for Modeling and Pricing Loan Products - A computing system (09-25-2008
20110246356METHOD AND APPARATUS FOR A MODEL ASSESSING DEBTOR BEHAVIOR - A computer implemented method for assessing different expected payment behavior of a debtor with respect to different creditors.10-06-2011
20110246355OVER LIMIT PROTECTION - In general terms, embodiments of the present invention relate to methods and apparatuses for providing over limit protection and/or for determining authorization decisions for over limit transactions. For example, some embodiments of the present invention are configured to: (a) receive a request to authorize a transaction involving a credit account, (b) determine that the credit account will incur an overage as a result of the transaction, and (c) authorize the transaction based at least partially on a determination that the credit account has over limit protection through a source account. As another example, other embodiments of the present invention are additionally or alternatively configured to: (a) determine that a credit account has incurred, or will incur, an overage as a result of a transaction, and (b) transfer funds from a source account to the credit account in an amount sufficient to offset the overage.10-06-2011
20080222028Method and System for Providing Mortgage Data Quality Control Verification - A computer implemented quality control system configured for verification of mortgage loan data is disclosed. The system includes a network interface device, a processor in communication with the network interface device via a communication bus, a memory in communication with the processor and the network interface device via the communication bus. The memory is configured to store computer readable instructions programmed to include, an interface module configured to receive mortgage loan data, wherein the mortgage loan data represents a plurality of existing individual mortgages from one or more mortgage sources, a parameter control module configured to store twenty or more predetermined quality control parameters, wherein the quality control parameters represent potential inconsistencies, inaccuracies, missing information, or combinations thereof in the mortgage loan data, a command module configured to store processing instructions utilized to comprehensively analyze the received the mortgage loan data, and a quality control module in communication with the interface module, the parameter control module and the command module, wherein the quality control module is configured to utilize the quality control parameters and the processing instructions to identify anomalies in the received mortgage loan data.09-11-2008
20080222027Credit score and scorecard development - Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The outputs can be used as attributes to consider in developing a credit bureau scorecard.09-11-2008
20080222026Derivatives for multi region properties - The present invention relates to a multiple step business process for innovative risk of credit derivatives in computer aligned and mathematical models for management of credit derivatives through the use of different financial platforms and multiple hybrid financial instruments of currency funds for capital flow for property acquisitions, in which the source of each aspect of hybrid financial instruments will be provided with predetermined risk values and risk management for specified periods of time linked to the life span of a property or capital for property acquisition, an improvement in the different hybrid forms of financial instruments include varied debt obligation financial instruments together with different forms of currency, equity holdings, gold, and alternative property.09-11-2008
20130179326SYSTEM, PROGRAM PRODUCT AND METHOD FOR INITIATING A CREDIT CARD ACCOUNT - A system, program product and method for initiating a credit card account may comprise receiving an application from an applicant, conducting an approval process on the application, approving the application including assembling data in a credit card database without opening the credit card account, notifying the applicant of the approval, and providing a credit card object for the credit card account to the applicant. The method may further include requiring further action to be taken by the applicant before opening the credit card account, determining if the required further action has been taken by the applicant, and if determined so, opening the credit card account of the applicant to enable use of the credit card object to utilize the credit card account. The required further action may be payment of a required amount.07-11-2013
20130179327ADAPTABLE ASSUMABLE MORTGAGE - The present invention relates generally to products, systems and methodologies for providing financing for real estate and more particularly to products and methodologies that provide financing to home owners and home purchasers that are assumable and that are structured so that the mortgages or loans are attractive to both borrowers and/or mortgage lenders/investors. The products, systems and methodologies of the present invention provide assumable mortgages that, either individually or in combination, limit the length of time during which the loan can be assumed and the number of times a loan can be assumed. Other features of the present invention provide for a fee, interest rate adjustment or other compensation to a lender or investor as a result of assumption of a loan. The loan's interest rate can adjust based on the characteristics of the prospective purchaser or assumer of the loan or on the financial characteristics of the transaction itself. The mortgage products and methodologies of the invention are designed with the overall goal of contributing to the stabilization and or strengthening of the residential real estate market and to provide a vehicle to protect and/or enhance the value of a mortgaged property during volatile credit and/or rising interest rate environments.07-11-2013
20130179328ONLINE SYSTEM FOR FULFILLING LOAN APPLICATIONS FROM LOAN ORIGINATORS - A loan submission and processing system, methods, apparatus and computer program products. One example method includes receiving user specified input relating to a loan application, storing the user specified input in a loan application file, determining a partner system that is to receive data related to the electronic loan application including dynamically determining a format and contents required to present a service request to the partner system for processing by the partner system, dynamically formatting the user specified input and any other required content into a service request, the service request compatible with the partner system and including the user specified data and the other required content and transmitting the service request to the partner system.07-11-2013
20130179329CREDIT FINANCING USING STRATIFICATION - A computerized method of assisting a borrower obtain financing is disclosed. Potential financiers interested in making the type of financing being sought supply financier information, including a minimum credit benchmark. That information is stored in a database. A potential borrower enters financing information regarding a loan or credit card being sought. The potential borrower's credit benchmark is obtained. A computer uses the credit benchmark to form a stratification filter which is overlaid on the database to identify one or more “best” potential financiers for the desired financing. The “best” potential financier is queried to determine if they are interested in granting a loan to someone similarly situated as the potential borrower. If so, information is sent to that potential lender. Otherwise another “best” potential financier is queried.07-11-2013
20130179330SUPPLY CHAIN FINANCE SYSTEM - In an electronic supply chain finance system, a method of enabling a supplier to obtain funds includes receiving information from a buyer defining a payment obligation, receiving an offer to sell the payment obligation, and providing electronic instructions to print a negotiable instrument issued by the buyer, to the supplier as payee, having a payable date based on a maturity date of the payment obligation and a payment value based on a payment amount of the payment obligation.07-11-2013
20130179325System and Method for Underwriting and Transferring Existing Credit Card Balances to a Credit Instrument Issuing Facility - A system for transferring existing credit card balances to a credit instrument issuing facility including a refinance entity in communication with cardholders of one or more credit card accounts, at least one credit reporting agency in communication with the refinance entity for providing credit reports to the refinance entity; at least one credit instrument issuing facility in communication with the refinance entity for accepting a summary report of the inputted application forms including a blended annual percentage rate from the refinance entity, the at least one credit instrument issuing facility capable of issuing a refinanced debt credit card account to the cardholders to replace all of the one or more credit card accounts, wherein the refinance entity closes all of the one or more credit card accounts, transfers all of the balances of the credit card accounts to the credit instrument issuing facility, issues the refinanced debt credit card account.07-11-2013
20130179331METHOD AND SYSTEM FOR INTERNAL ANALYSIS OF LOAN INSTRUMENTS - A system and method for overseeing the loan review process is provided. An embodiment of the system provides complete control over an automated loan review process. All loans and loan applications entered in the system can be automatically entered into the loan review system and reviewed for compliance with predetermined policies and procedures. Each loan can be assigned a queue associated with a reviewing officer. Loans identified with discrepancies or issues during initial review can be escalated to a manager and then returned to the originating loan officer for correction or additional input. At each stage, the individual may enter comments, which can be tracked and transmitted by the system. Discrepancies are rated for risk so that high-risk applications can be easily identified and tracked. Report data and statistics can be utilized to assist in managing risk by quickly identifying trends.07-11-2013
20130173447CONSUMER-DRIVEN CREDIT INFORMATION CONTROL METHOD, SYSTEM AND STORAGE MEDIUM FOR STORING A SET OF COMPUTER INSTRUCTIONS WHICH EFFECTUATE THE METHOD - A consumer-driven credit information control method, system and storage medium for storing a set of computer instructions which effectuate the method are provided. The method includes the step of receiving a selection signal from a consumer to at least partially establish a relationship between the consumer and a credit reporting agency (CRA) or agent entity. The method further includes receiving personal data including credit data of the consumer such as from either the consumer or the CRA, and storing the personal data in a database of the CRA or agent entity. The method still further includes receiving a data request signal from the consumer, transmitting at least a portion of accessed personal data from the CRA or agent entity to the consumer based on the data request signal, and receiving an authorization signal from the consumer.07-04-2013
20130173449SYSTEM AND METHOD FOR AUTOMATED DISPUTE RESOLUTION OF CREDIT DATA - A system and method for automated dispute resolution of credit data is provided. A consumer may receive a credit report from a credit bureau through a third party system. The consumer may submit a dispute including disputed credit data and corrections to the disputed credit data, if there is believed to be erroneous information in the credit report. An applicable member institution that supplied the disputed credit data may accept or reject the dispute. If the dispute is accepted, the current version of the disputed credit data may be retrieved and compared to the submitted disputed credit data. If the current and submitted versions of the disputed credit data match, then the disputed credit data may be updated with the corrections.07-04-2013
20130173450SYSTEM AND METHOD FOR AUTOMATED DETECTION OF NEVER-PAY DATA SETS - Data filters, models, and/or profiles for identifying and/or predicting the never-pay population (for example, those customers that make a request for credit and obtain the credit instrument but over the life of the account, never make a payment) can be useful to various commercial entities, such as those issuing mortgages, home equity lines of credit, consumer or business lines of credit, automobile loans, credit card accounts, or those entities providing services, such as utility services, phone services, and the like.07-04-2013
20130173451SYSTEM AND METHOD FOR INTERACTIVELY SIMULATING A CREDIT-WORTHINESS SCORE - A system and method is provided to allow a consumer to interactively explore his credit score by submitting hypothetical values based on his actual credit data. The system uses the consumer's real credit data and the submitted hypothetical values to calculate a simulated credit score based on a simulator scorecard. The consumer may then observe the changes in the resultant scores. The system and the scorecard may utilize fewer data elements than a complete credit-worthiness scorecard and may instead focus on the key elements affecting a consumer's credit score. The system may be implemented in part on a web server or as a stand-alone application. The system may also update the score dynamically as the consumer adjusts the hypothetical values or may require the consumer to affirmatively submit the new hypothetical data.07-04-2013
20130173452DETERMINING A PERSONALIZED FUSION SCORE - Various embodiments of the present invention provide systems and methods for determining a personalized fusion score. In certain embodiments, the systems and methods are configured for calculating preliminary fused scores for consumers at least in part by applying a first score fusion technique across the sample of consumer data. Segmentation scores are then calculated based at least in part upon the preliminary fused scores. In those and other embodiments, the segmentation scores enable creation of a plurality of cluster subsets within the sample of consumer data. In certain embodiments cluster subsets are defined at least in part by a particular score mix, while in other embodiments subsets are defined at least in part by respective score fusion techniques that prove optimal for each subset. Further, in various embodiments, application of multiple score fusion techniques across respective cluster subsets provides personalized fusion scores for the consumers in each respective cluster subset.07-04-2013
20130173453System and Method for Evaluating Loans and Collections Based Upon Vehicle History - A method of determining risk of financing a vehicle may include identifying a vehicle and forming, in a physical memory of a data processing system, a plurality of data groupings using a processing device of the data processing system, wherein each of the plurality of data groupings includes at least one vehicle history data variable of the identified vehicle. The method may also include processing the at least one vehicle history data variable of at least one data grouping of the plurality of data groupings using the processing device of the data processing system and determining an overall value of the at least one data grouping using the processing device of the data processing system. The method may further include determining a risk of financing the identified vehicle based on the overall value of the at least one data grouping, using the processing device of the data processing system.07-04-2013
20130173448Methods, System and Associated Computer Executable Code for Facilitating Credit Transactions - Disclosed is a system and method for Facilitating Credit Transactions, which may allow for the division of a given purchase or cash-withdrawal transaction amount, into periodical installments by enabling the financing of said transaction.07-04-2013
20120254019SYSTEM AND METHOD FOR REVOLVING CREDIT PRODUCT OFFER CUSTOMIZATION - A system and method are disclosed for making an offer for at least one revolving credit product to an applicant. An identifier for each of a plurality of revolving credit products is stored and at least one attribute (10-04-2012
20080215480SYSTEM AND METHOD FOR DYNAMIC PATH- AND STATE-DEPENDENT STOCHASTIC CONTROL ALLOCATION - The invention includes a system and process that employs contractual bargaining with agent-based computational methods for the dynamic allocation, optimization, and pricing of contingent rights and obligations between multiple counterparties with overlapping interests. The processes employ a dynamic and endogenous hierarchy or tiering of binding incentive compatible contingent strategies, which may include optimal liquidation policies for matched assets and liabilities based upon stochastic volume/price schedule related to statistically non-stationary supply/demand elasticities and order-flow, as well as variations in market microstructure. The invention includes a dynamic open system with distributed stochastic control of strategic interactions among dynamic optimizing agents across random states, wherein the actions of any one affects the joint costs and benefits for all the agents.09-04-2008
20080215479Method and Processing Arrangement for Providing Various Financing Options - A method is disclosed for determining a repayment amount on a loan that is dependent on an initial value of a property. The method uses input data comprising the initial value of the property, a term for repayment of the loan, a first time for which the repayment amount is to be determined and a current value of the property at the first time. The current value of the property is compared (step 09-04-2008
20130091050SYSTEM AND METHOD FOR PROVIDING CREDIT TO UNDERSERVED BORROWERS - A preferred method for providing credit to an underserved borrower can include generating a borrower dataset at a first computer in response to receipt of a borrower profile; formatting the borrower dataset into a plurality of variables; and independently processing each of the plurality of variables using one of a statistical algorithm or a machine learning algorithm to generate a plurality of independent decision sets. The preferred method can further include ensembling the plurality of independent decision sets to generate a model question set; and transmitting the model question set to a second computer from which a user can direct one or more questions in the model question set to a borrower.04-11-2013
20130091051COMPUTER-BASED SYSTEM AND METHODS FOR EVALUATING MORTGAGE PREPAYMENT RISK - A computer-based system for providing mortgage prepayment risk information includes tangible memory storing real estate data associated with an article of real property and mortgage data associated with a mortgage for the real property. The mortgage data includes a mortgagee defined time period for maintaining the mortgage. A computer system having at least one processor operably coupled to the tangible memory is configured to calculate a return on investment value based on the mortgage data and provide a mortgage agent with the mortgagee defined time period. A computer-based method for evaluating mortgage prepayment risk includes receiving, at a computer interface, the mortgagee defined time period for maintaining the mortgage, wherein the mortgagee defined time period is obtained from the computer system.04-11-2013
20130179332System and Method for Generating Graphical User Interface - An automated method for generating Graphical User Interfaces (GUI's) is illustrated in the context of a system for processing financial applications. In one embodiment, the GUI generator converts domain data representing over one thousand application types into an equal number of corresponding user screens. The interface may also be bi-directional, operating on user inputs to validate data or check for double keying.07-11-2013
20130179333METHODS OF ESTABLISHING CREDIT - A method for enhancing credit of a cardholder of a pre-paid card may include issuing a pre-paid card to a cardholder. The cardholder may be charged a fee to establish a credit instrument associated with an account and the pre-paid card. The cardholder may be billed a portion of the credit instrument that includes the fee on a periodic basis, where the billing may be independent of billing for purchases of goods and services with the pre-paid card. A determination as to whether the cardholder timely paid the bill. If the cardholder timely paid the bill, then the payment may be recorded as being timely paid. Otherwise, a recording may be made that the bill was not timely paid. A reporting as to the timeliness of the payment may be made to affect a credit score of the cardholder.07-11-2013
20130097071HYBRID ACCOUNT - A system, according to one embodiment, includes a hybrid account provided by an issuer to a user, the hybrid account having a balance, the balance being either positive, zero, or negative; and a financial instrument including a hybrid card, the hybrid card providing access to the hybrid account, in which transactions using the hybrid card provide interchange income to the issuer, the issuer charges interest to the hybrid account when the balance is negative, and the issuer pays interest to the hybrid account when the balance is positive.04-18-2013
20130097070SMART OUTLET - A smart electrical outlet, comprising an electrical outlet, and a counter counting a unit, wherein the counter is configured to count up when a counting criterion is met, and wherein the counter is configured to stop counting up when an ending criterion is met. A smart electrical outlet, comprising an electrical outlet and a screen for communicating with a user, wherein the screen is configured to provide to a user an option of leasing the smart electrical outlet based on time of use or sell electrical power provided by the smart electrical outlet.04-18-2013
20130103572Systems and Methods For Facilitating Debt Reduction - Systems and methods for facilitating debt reduction are disclosed. A method includes automatically determining that an incentive participant has successfully completed an incentive activity, automatically determining the debt account for which the outstanding balance will be reduced as a result of the successful completion of the incentive activity by the incentive participant, automatically determining a debt reduction amount greater than an amount of money to be actually paid to the debt owner or debt collector as a result of the incentive participant successfully completing the incentive activity, and automatically facilitating the reduction of the outstanding balance of the debt account by the debt reduction amount.04-25-2013
20130103571SYSTEM AND METHOD FOR DETERMINATION AND REPORTING OF CREDIT USE AND IMPACT ON CREDIT SCORE - Disclosed is a system and method for the automated generation and display of an electronic, graphical representation of the effect of a consumer's credit card usage as a percentage of credit limit on such consumer's credit score. The presentation may show each credit card account with a graphical view of the level of usage on each of a user's card accounts and further shows in which category that usage level falls. The levels of credit usage are classified for each card account into qualitative categories. Each category is designed to communicate to the consumer the statistical association between the usage level on that account and credit scores.04-25-2013
20130103573METHOD AND APPARATUS FOR EDUCATIONAL FINANCIAL PLANNING - A method of managing loans is provided. The method includes electronically importing a loan portfolio of a user. A plurality of repayment options for the loan portfolio are then displayed to the user. The user is then able to provide input indicative of the choosing of one of the repayment options. The choices made by the user are then able to be automatically implemented.04-25-2013
20130103569SYSTEMS AND METHODS FOR PREDICTIVE MODELING IN MAKING STRUCTURED REFERENCE CREDIT DECISIONS - A structured reference credit decision device includes a database configured to store information related to applicants, potential customers, referencers, potential referencers, lenders, and other third parties, a fetch data component coupled with the database, the fetch data component configured to receive input application information, fetch relevant information from the database, based on the application information, related to a subject applicant of the input application information and at least one referencer, and generate a plurality of linked data packages based on the fetched information, and an evaluation device coupled with the fetch data component, the evaluation engine configure to apply credit outcome models to the plurality of linked data packages and generate a recommendation relative to the subject applicant or application.04-25-2013
20130103570SYSTEM AND METHOD FOR DETERMINING CREDIT QUALITY INDEX - Electronic modeling of long-term historical financial credit performance of a consumer is described. A plurality of historical time periods originating from an observation point in time occurring in the past are established and a plurality of past credit performance snapshots for a sample consumer population are obtained. A credit risk management computer system computes a credit quality index for each of the past credit performance snapshots of the sample population and for a recent credit performance snapshot of the consumer. An overall credit quality index for the sample population spanning the plurality of historical time periods is likewise computed and a prediction of an overall credit quality index for the consumer spanning the plurality of historical time periods is made.04-25-2013
20130124394SYSTEM, METHOD AND ANALYTICAL PREDICTION PROCESS TO GENERATE CONSUMER PERSONALIZED LENDER APPROVAL AND PRICING COMPATIBILITY INFORMATION - System and analytical prediction process to generate consumer personalized lender approval and pricing compatibility information is disclosed. The analytic prediction processes applied against historical data from an indiscriminant, autonomous and unaffiliated plurality of lenders is unique and affords consumers numerous advantages over the confusing and incentivized influences associated with the existing systems via an unbiased informational advisory record. Furthermore, the system may make certain information available to consumers that was previously kept private and made confidential by lenders. Consumers may save both time and money through a computer readable medium that identifies and publishes their most cost effective borrowing options, as well as provides guidance on recognizing and procuring equitable interest rates via an analytically derived numerical representation.05-16-2013
20130124393CONNECTING DECISIONS THROUGH CUSTOMER TRANSACTION PROFILES - An apparatus and method for developing financial risk decisions for a customer associated with a number of different financial services/channels are disclosed. A hierarchy of relationships among the financial services/channels is generated. Transactional behaviors of the customer related to each of the financial services/channels is summarized, using one or more analytical approaches executed on the hierarchy of relationships, to generate a customer level transactional behavior summary. A customer profile associated with the customer is generated which includes the transactional behavior summary and aggregated information on recent financial transactions associated with each of the financial services/channels. A score for a risk decision can be generated for one or more specific services/channels, based on the customer profile.05-16-2013
20130124392SYSTEMS AND METHODS FOR LARGE-SCALE CREDIT DATA PROCESSING - Systems and methods are provided for processing large volumes of credit-related data and other data, and generating products based on the processed data. Data received from a number of different data sources may be processed in parallel and stored in memory. Reporting rules may be defined in association with each of a number of different accounts. Products, such as credit reports, may then be generated based on one or more rule sets.05-16-2013
20110276471CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.11-10-2011
20110276466ONLINE PURCHASING SYSTEM SUPPORTING BUYER AFFORDABILITY SCREENING - An online system uses, in various embodiments of the invention, credit report information, loan affordability screening and credit approval and management functionality to facilitate the purchase and finance of products online. The online system may include both sellers of products and lenders that offer financing to buyers seeking to purchase the products. The system may automatically obtain a buyer's credit report information and use that information to determine if the buyer is pre-approved, for example, to obtain financing for a particular product or products. The system also enables use of buyer credit information to identify only those of a seller's products for which the buyer is pre-approved, for example, to finance using one or more loans. The system then enables selection of an identified product or products for purchase, and selection of a loan, for example, for financing of the selected product or products. Credit approval (or pre-approval) may be performed automatically, and along with credit processing, may be performed completely online.11-10-2011
20110213697Financial Analysis Mechanisms - Aspects of the present disclosure provide a system for providing employees of a loan offering entity a tool that is more efficient and accurate than completing required multiple calculations manually by the employee. Still other aspects deliver a summary of the noted information that must be analyzed by the employee when determining qualifying income with accountability in place to ensure such noted information was analyzed, including checklists, confirmation notations, and/or other methods. Integrating a standard tool for tax analysis of evidentiary records of an individual drives a consistent approach to tax analysis to support salability requirements and fair lending. Guidance and support to accurately complete the tax analysis may be provided, and efficiency of the tax analysis process may be improved.09-01-2011
20080201257ALTERNATIVE METHOD AND SYSTEM FOR LEASING, FINANCING AND PURCHASING RESIDENTIAL REAL ESTATE - The present invention is directed to a method and system for allowing a customer to purchase a house at an affordable price, where the house has been leased to the consumer under mutually agreed terms between the consumer and a leasing company. More specifically, the method and system facilitates a financial service alternative to conventional financial services, which enables a consumer first to select a house to lease and then optionally to purchase the leased house at a fixed residual purchase price during or at the end of the lease term. The consumer is directed to select a market available “for sale” residential real property to be leased. The selected house is initially purchased by a home leasing company for providing the alternative financial service on the selected house. The residual purchase price is determined based on the acquisition cost plus an appreciation factor based on lease terms and qualifications of the consumer.08-21-2008
20100287093System and Method for Collections on Delinquent Financial Accounts - A computer-implemented method for selecting a financial services collection program to be applied to a delinquent debtor account. First, an ability to pay index (API) is computed as a function of one or more predetermined ability to pay indicators for the debtor. Next, a willingness to pay index (WPI) is computed as a function of one or more predetermined willingness to pay indicators for the debtor. One of a plurality of predetermined collection programs to be offered to the debtor is then selected as a function of each of the API and the WPI. The WPI is computed by evaluating one or more of a past action taken by the debtor or a past status of the debtor account.11-11-2010
20100287092Method and system for real estate loan administration - An embodiment of the present invention relates to real estate loan administration comprising the steps of registering with a system for real estate loan administration wherein at least one loan is identified; identifying one or more participants associated with the at least one loan to join the system for real estate loan administration; assigning one or more of privileges and roles to each of the one or more participants; managing the at least one loan via the system through an online interface wherein data associated with the at least one loan may be accessed and viewed according to user input; and performing one or more actions concerning the at least one loan wherein the one or more actions involve submitting information to a receiving entity.11-11-2010
20110251948TOTAL STRUCTURAL RISK MODEL - The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.10-13-2011
20130144777CONSUMER BEHAVIORS AT LENDER LEVEL - The present disclosure generally relates to financial data processing, and in particular it relates to lender credit scoring, lender profiling, lender behavior analysis and modeling. More specifically, it relates to rating lenders based on data derived from their respective consumers. Also, the present disclosure relates to rating consumer lenders based on the predicted spend capacity of their consumers.06-06-2013
20110238566SYSTEM AND METHODS FOR DETERMINING AND REPORTING RISK ASSOCIATED WITH FINANCIAL INSTRUMENTS - A system and methods for detecting and reporting risk associated with financial instruments, based on financial instrument data submitted by clients such as banks and financial institutions and on additional data obtained from various third party information sources. A financial risk and (associated) fraud detection system processes the financial instrument data along with data obtained from various third party information sources in order to determine a risk assessment. The risk assessment comprises a risk score and level of risk associated with the financial instrument. Further, a type of fraud associated with the financial instrument is also reported for financial instruments that are deemed to be fraudulent. Comprehensive reports are generated and reviewed by clients in order to assist in approval or rejection of individual loans or in management of multiple loans in existing portfolios.09-29-2011
20130151399SYSTEMS AND METHODS FOR PROVIDING EXTRA LINES OF CREDIT - A system and method for upgrading existing credit cards with additional lines of credit is disclosed. Credit information associated with customers holding credit cards issued by a credit card issuer are analyzed to determine a level of risk associated with each customer. One or more extra line of credit may be established for selected customers based on the determined level of risk associated with each customer. Each extra credit line may be exclusively associated with a selected set of vendors that have a partnership agreement with the credit card issuer. The credit card issuer may allow customers to select vendors to be associated with the extra credit line or may automatically choose vendors for selected customers. Customers with established extra credit lines may purchase goods and/or service directly from vendor sites or at the credit card issuer's web sites. Purchases at selected vendor sites may be automatically applied to a customer's newly established extra credit line. Additionally, a customer may choose to apply purchases to their extra credit lines or their primary line of credit06-13-2013
20130151398PORTFOLIO RISK MANAGER - There is provided a method for portfolio risk management. The method includes (a) updating a transaction database with data relating to an operation of an entity, (b) synchronizing a reporting database to the transaction database, where the synchronizing comprises copying the data from the transaction database to the reporting database, (c) receiving a request to prepare a report, (d) obtaining the data from the reporting database, (e) preparing the report from the data obtained from the reporting database, and (f) outputting the report to a user interface. There is also provided a system that performs a method, and a storage device that includes instructions that control a processor to perform the method.06-13-2013
20130151397METHODS AND SYSTEMS FOR ONLINE CREDIT OFFERS - Provided are methods and systems for coordinating a loan between a lender and a borrower. The methods and systems can provide enhanced offers by way of a Best Offer Strategy and Standardized Presentation of offers to borrowers. Also provided is a computerized business-to-business operations management system (a “portal”) centered around business performance analytics, wherein the selection criteria and business rules used to connect borrowers to lenders can be refined based upon the business performance analytics.06-13-2013
20130138556METHOD OF WARRANTING THIRD PARTY PAYMENT FOR A RENTER OR PURCHASER - A method wherein a third party, a guarantor, runs a qualifying check on a potential renter. If a potential renter qualifies against the guarantor's criteria which are less demanding than the conventional criteria used by typical apartment complex management, the guarantor warrants the landlord (apartment complex management) against default by the renter. With this degree of assurance, the landlord is willing to lease the space.05-30-2013
20100299244SYSTEMS AND METHODS FOR IMPLEMENTING AN INTEREST-BEARING INSTRUMENT - Systems and methods are provided that allow a financial instrument to be structured so that the underlying borrowed principal is callable, putable, or both. In a preferred embodiment, a Range Accrual Mortgage is structured so that the underlying borrowed principal is a mortgage that is callable, putable, or both by embedding into the loan structure a rate put option. Systems and methods according to the invention lend symmetry to the interest rate behavior of certain borrowings by making explicit the pricing and market value of options that were previously only implicit in the borrowing structure. For example, a mortgage in accordance with the invention should provide incentives for either the homeowner or the bank to refinance the mortgage and should do so whether interest rates rise or fall, and no matter what path interest rates follow from the inception of the instrument until the maturity of the instrument. The invention achieves the desired advantages, in part, by extending the characteristics of a borrowing via the addition of a rate put option on an interest rate and, in part, by permitting correlative adjustments to the outstanding loan principal.11-25-2010
20130138554DYNAMIC RISK ASSESSMENT AND CREDIT STANDARDS GENERATION - Disclosed are electronic systems and techniques for implementing dynamic risk assessment and credit standards generation. The risk assessment component can dynamically determine a risk of lending to a potential borrower based on a set of risk assessment criteria, and classify the potential borrower based on the risk. In addition, the risk assessment component can forecast a subset of the risk assessment criteria. A standards generation component can dynamically generate a set of lending criteria for respective classifications of potential borrowers based at least in part on a set of predetermined criterion or previous lending outcomes. An approval component can determine whether the potential borrower is eligible for one or more loans as a function of the set of lending criteria corresponding to the determined classification, and a terms component can generate a set of terms for the one or more loans.05-30-2013
20130138553CREDIT SCORING BASED ON INFORMATION AGGREGATION - Disclosed are electronic systems and techniques for implementing credit scoring based on information aggregation. An aggregator component can obtain data relating to a user from virtually any open, publicly available, or private sources of information, and generate, or update, a profile of candidate characteristics based on the information obtained. A scoring calculation component can inspect the profile of candidate characteristics, determine a set of factors included in the profile of candidate characteristics that are relevant for a loan or credit eligibility determination, and rate the factors. A credit score for the user can be generated based on the ratings of the factors, and the eligibility of the user for one or more loans can be determined as a function of the credit score. In this regard, banks and retailers can automate credit scoring and loan eligibility determination using information about the applicant that is readily available.05-30-2013
20130138555SYSTEM AND METHOD OF INTERPRETING RESULTS BASED ON PUBLICLY AVAILABLE DATA - Disclosed are systems and techniques that generate different sets of attributes for determining a credit worthiness score of a client. A first set of attributes is obtained from reliable data sources having information related to the client's credit score. A second set of attributes is obtained from publicly available data sources. The data is scored with respect to validity and relevancy to the potential client based on associations between the first and second set of attributes. A credit worthiness score is determined according to the first and the second set of data wherein the second set of attributes relates to characteristics of the client different from the first set of attributes.05-30-2013
20120284172Multi-retailer Lending Using Prepaid Cards/Certificates - This disclosure relates to receiving, through a user interface, a selected plurality of retailers and respective requested value amounts, where the selected retailers and value amounts represent a consumer's request for multiple gift cards, and where the gift cards provide purchasing power at the plurality of retailers in the respective value amounts; applying, through a rules engine, a set of rules to the selected retailers and value amounts, where the rules engine is capable of using the rules to determine costs associated with the requested gift cards; generating a financing request for financing for the consumer, where the financing request is based on the selected retailers, the value amounts, and the rules; obtaining, through a loan system interface, financing for the consumer based on the financing request; and using the obtained financing to request the gift cards for the consumer.11-08-2012
20120284173METHODS AND SYSTEMS FOR FINANCING A VEHICLE PURCHASE - Various embodiments relate to methods and systems for financing an acquisition of a vehicle. In at least one embodiment, a financing request may be submitted to a vehicle financier to finance an acquisition of a vehicle according to one or more vehicle financing programs specifically designed for a vehicle consumer. One or more financing offerings by the vehicle financier may be received for financing the acquisition of the vehicle based on the financing programs. A response indicating whether at least one financing offering is accepted or rejected may be transmitted to the vehicle financier.11-08-2012
20130159165AUTOMATED PROCESS GUIDANCE APPLICATION AND METHOD FOR CREDIT INSTRUMENT ORIGINATION, ADMINISTRATION AND FRACTIONALIZATION SYSTEM - A system and method for guiding a user through a complex process are disclosed. The system permits a credit originator as an originating user of the system to enter into, be guided through, and complete a process for the administration, monitoring, quality control and fractionalization of any credit or similar instrument it originates and inputs into the system without such user having substantial knowledge of such process. The system further permits the automated coordination of third party purchasers or investors as participating users of the system to evaluate an originating user's inputs and acquire standardized fractional ownership interests in any credit or similar instrument processed through the system in reliance upon certain preconditions that have been methodically introduced to the system for purposes of the guidance of all users.06-20-2013
20130159164METHOD AND SYSTEM FOR ANONYMOUSLY MATCHING DEBTORS WITH DEBT HOLDERS TO FACILITATE RESOLUTION OF NON-PERFORMING DEBT - A method and system for anonymously matching debtors with debt holders to facilitate resolution of non-performing debt are disclosed. The method and system involve creation of an anonymous debt database such that non-parties to the debt may comply with regulations regarding maintaining confidentiality of debtor information. The anonymous debt database may be made available to be searched by a debtor using one or more anonymous search parameters to identify any debt in the database that is associated with the debtor. The method is designed and adapted to execution on a computer network system.06-20-2013
20130159166Methods and Systems for Facilitating a Real Estate Transaction - Methods and systems for facilitating the sale of real estate, including receiving assets to be held in an account, restricting the account so that at least a portion of the assets are disbursed from the account to the buyer or a lender only if a loss resale event occurs in which the real estate is resold by the buyer or lender for a loss within a specified period, and in response to determining that the loss resale event has occurred, disbursing the portion of the assets to the buyer or lender to at least partially remedy the loss.06-20-2013
20130159167System and Method for Debt Presentment and Resolution - A system and method for debt presentment and resolution through an Intranet or Internet content provider is disclosed. Said system and method include a plurality of “transaction communities” which are electronic forums allowing interaction between a plurality of debtors and creditors through means of electronic mail (e-mail) or other electronic communication means. The Internet/Intranet based software application allows said debtors to access and input information related to a particular debt with any Internet browser software. Said debtors are provided with the URL (Universal Resource Locator) for said content provider along with a unique identification code from the collection agency(s) through mail correspondence or other communication means. Upon said user entering said URL and entering said identification code, said user may then proceed to choose from a variety of settlement options listed on the HTML (HyperText Markup Language) page.06-20-2013
20130159168System and Method for Debt Presentment and Resolution - A system and method for debt presentment and resolution through an Intranet or Internet content provider is disclosed. Said system and method include a plurality of “transaction communities” which are electronic forums allowing interaction between a plurality of debtors and creditors through means of electronic mail (e-mail) or other electronic communication means. The Internet/Intranet based software application allows said debtors to access and input information related to a particular debt with any Internet browser software. Said debtors are provided with the URL (Universal Resource Locator) for said content provider along with a unique identification code from the collection agency(s) through mail correspondence or other communication means. Upon said user entering said URL and entering said identification code, said user may then proceed to choose from a variety of settlement options listed on the HTML (HyperText Markup Language) page.06-20-2013
20130185190SYSTEM AND METHOD FOR ASSESSING AND MANAGING FINANCIAL TRANSACTIONS - A financial terms alert generation system comprises an information retrieval module, a financial terms comparison module, and an alert transmission module. The information retrieval module is configured to retrieve financing information, customer information, and product information from one or more sources accessible on a network. The financial terms comparison module is configured to compare a customer's current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. The alert transmission module is configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer. Such alerts identify the customer and the favorable financial terms.07-18-2013
20130185189SYSTEMS AND METHODS FOR USING ONLINE SOCIAL FOOTPRINT FOR AFFECTING LENDING PERFORMANCE AND CREDIT SCORING - Provided are apparatuses, computer media, and methods for analyzing data gathered from the online social footprint and determining a credit score to facilitate access to financial services. A credit score is determined based on available personal data and data gathered from the online social footprint and is indicative of a borrower's propensity to pay an owed amount. A credit score is determined from a scoring expression that is associated with a score cluster, typically including a subset of available data gathered from the online social footprint. The credit score can also be affected by means such as endorsements or negative behavior of individuals in a borrower's social network. Corresponding apparatus, systems, programs for computers, and communications mechanisms are also provided to gain access to financial services based upon at least one borrower's request criterion, optimization of reputation in the borrower's online social footprint and performing a lending transaction.07-18-2013
20090182661FIRM OFFERS OF CREDIT SYSTEM - A computer-implemented method for providing firm offers of credit to a consumer includes receiving consumer information from a consumer via a network, receiving a selection via the network from the consumer to permit at least one soft credit inquiry of the consumer's credit record, submitting a soft credit inquiry to a credit reporting agency, the soft credit inquiry based on the consumer information, receiving at least one firm offer of credit from the credit reporting agency, the firm offer of credit resulting from the credit reporting agency performing the soft credit inquiry on the consumer's credit record, each firm offer of credit provided by a credit issuer; and providing the at least one firm offer of credit to the consumer via the network.07-16-2009
20110313913ONLINE PURCHASING SYSTEM SUPPORTING LENDERS WITH AFFORDABILITY SCREENING - An online system uses, in various embodiments of the invention, credit report information, loan affordability screening and credit approval and management functionality to facilitate the purchase and finance of products online. The online system may include both sellers of products and lenders that offer financing to buyers seeking to purchase the products. The system may automatically obtain a buyer's credit report information and use that information to determine if the buyer is pre-approved, for example, to obtain financing for a particular product or products. The system also enables use of buyer credit information to identify only those of a seller's products for which the buyer is pre-approved, for example, to finance using one or more loans. The system then enables selection of an identified product or products for purchase, and selection of a loan, for example, for financing of the selected product or products. Credit approval (or pre-approval) may be performed automatically, and along with credit processing, may be performed completely online.12-22-2011
20110313912DATA STRATIFICATION AND CORRESPONDENCE GENERATION SYSTEM - Some embodiments may relate to a computerized data stratification and correspondence generation process. For instance, in some embodiments a processor may retrieve a guarantor's income predictor, number of dependents, Open Auto, Mortgage, Open To Buy, HCPI, Derogatories, Open To Buy, and Total Charges from a plurality of data sources, and the processor may take the sum of the guarantor's HCPI and HCPI adjustment amounts. Such a calculation may result in a payment probability indicator. In some embodiments the indicator may correspond to one or more debt collection methodologies.12-22-2011
20110313911Loan management software system and method - A management software system and method for mortgage banking lead and pipeline management and business/compliance rules enforcement.12-22-2011
20130191270Method for Generating Dynamic and Collaborative Pricing Offers in a Financial Platform Environment - A method for implementing a dynamic financial statement may include generating and dynamically updating a financial statement for a consumer based on the receipt of consumer-related information from the consumer or other entities. A database of updated dynamic financial statements may be queried by external systems such as the consumer's or another entity's computer for statements that satisfy one or more criteria. One or more computer systems may create and deliver offers to consumers corresponding to the statements satisfying the query. Those offers may invoke dynamic pricing, e.g., better pricing may be offered to those consumers as compared to consumers that don't satisfy the queried details. Those offers alternatively may invoke collaborative or group pricing, i.e., a certain price may be available if enough consumers accept the offer.07-25-2013
20110320342METHODS AND SYSTEMS FOR IMPROVING TIMELY LOAN REPAYMENT BY CONTROLLING ONLINE ACCOUNTS, NOTIFYING SOCIAL CONTACTS, USING LOAN REPAYMENT COACHES, OR EMPLOYING SOCIAL GRAPHS - A system and method is disclosed to increase the likelihood of timely repayment of a loan by obtaining access to a qualified attribute of a borrower by a first computer component, monitoring by a second computer component for a financial event associated with the loan to the borrower, and taking control of the qualified attribute of the borrower by a third computer. Taking control may include notifying social contacts. Securing the loan by taking various security interests are disclosed, as are technical countermeasures against the borrower re-obtaining access or re-taking control. Also providing loans, receiving loan applications, providing loans proceeds, processing payments and underwriting criteria are disclosed. Underwriting employing social contacts for recommendations, loan guarantees, social contact credit scores, public repayment promises, loan repayment coaches, fraud criteria, crowd sourced risk evaluation, social graphs, borrower stability factors derived from social graphs, data associated with online information repositories, and efficacy of notification are disclosed.12-29-2011
20110320341METHODS AND SYSTEMS FOR IMPROVING TIMELY LOAN REPAYMENT BY CONTROLLING ONLINE ACCOUNTS, NOTIFYING SOCIAL CONTACTS, USING LOAN REPAYMENT COACHES, OR EMPLOYING SOCIAL GRAPHS - A system and method is disclosed to increase the likelihood of timely repayment of a loan by obtaining access to a qualified attribute of a borrower by a first computer component, monitoring by a second computer component for a financial event associated with the loan to the borrower, and taking control of the qualified attribute of the borrower by a third computer. Taking control may include notifying social contacts. Securing the loan by taking various security interests are disclosed, as are technical countermeasures against the borrower re-obtaining access or re-taking control. Also providing loans, receiving loan applications, providing loans proceeds, processing payments and underwriting criteria are disclosed. Underwriting employing social contacts for recommendations, loan guarantees, social contact credit scores, public repayment promises, loan repayment coaches, fraud criteria, crowd sourced risk evaluation, social graphs, borrower stability factors derived from social graphs, data associated with online information repositories, and efficacy of notification are disclosed.12-29-2011
20120011057PUBLICATION SYSTEM INITIATED VALUE TRANSFER - A method and a system for publication system initiated value transfer are provided. Example embodiments may include a payment system receiving a request from a publication system to initiate transfer of a unit of value on behalf of a user. The publication system may operate as a publishing service for multiple providers of items. In response to the request, an example embodiment may include identifying a previously established agreement between the user and the payment system. The previously established agreement may authorize the publication system to initiate the transfer of the unit of value on behalf of the user by forwarding a transfer request to the payment system. An example embodiment includes facilitating transfer of the unit of value from an account associated with the user to a further account if the payment system determines further compliance with agreement terms.01-12-2012
20120030093Financial Collaboration Networks - The disclosed system and method for providing financial collaboration networks generally includes a data processing system adapted to permit a plurality of group collaborators to perform financial transactions with a plurality of users or network participants. Representative embodiments of the present invention generally provide web-based financial collaboration systems that may be adapted to permit a plurality of borrowers, for example, to negotiate more favorable terms with a lender for subsequent loans made to the borrower members of the collaborative group.02-02-2012
20120030092LOAN COLLATERAL EQUITY TRACKER - Embodiments of the present invention relate to methods and apparatuses for implementing, in connection with a loan account, a loan management tool. In some embodiments, the method includes: identifying a loan account associated with a loan, indentifying information associated with collateral securing the loan, determining a current equity value associated with the collateral, and generating a notification that additional credit may be added to the loan account. A current equity value associated with the collateral may be determined by calculating the difference between the market value for the collateral and the total amount of debt and credit secured by the collateral. The loan account may be a HELOC account where the collateral is a home.02-02-2012
20120030091Credit Risk Control - A method and a system of credit risk control use different incentive mechanisms for different type of users for post-loan credit risk control. The method classifies the user to one of several different user types based on the user information and a correspondence relationship between the user information and risk levels, and selects an appropriate incentive mechanism for risk control based on the user type. The incentive mechanisms may either be a positive incentive mechanism or a negative incentive mechanism depending on the user type. The incentive mechanisms are performed over a network, and are designed to encourage a user of good loan payment record but to discourage a user of bad loan payment record. The method and the system are particularly suited for risk control of repayment of various kinds of loans which are applied and disbursed over the Internet.02-02-2012
20130198056NEAR FIELD COMMUNICATION TRANSACTION MANAGEMENT AND APPLICATION SYSTEMS AND METHODS - Exemplary near field communication (“NFC”) transaction management and application systems and methods are disclosed herein. An exemplary method includes a computing system tracking NFC transactions associated with a profile and providing a service based on the tracked NFC transactions associated with the profile. In certain examples, the tracking includes aggregating the NFC transactions associated with the profile over time. In certain examples, the profile comprises a customer premises profile specifying one or more customer premises equipment (“CPE”) devices for which to track the NFC transactions. Corresponding methods and systems are also disclosed.08-01-2013
20130198057METHOD FOR USING ENVIRONMENTAL CLASSIFICATION TO ASSIST IN FINANCIAL MANAGEMENT AND SERVICES - Managing risks of crop production can be performed by understanding the relative performance of different agricultural inputs under the same or similar environmental conditions. In addition, managing of crop production risks can be performed by understanding variations in the performance of the same agricultural inputs over a range of environmental conditions. By being able to describe and understand these variations in performance, decisions can be made which are consistent with overall business and/or production objectives and limit risk associated with variations in environmental conditions. In addition to producers there are other stakeholders in the crop production process, such as financial institutions, insurance providers, users of crops produced, and input suppliers. These and other stakeholders can provide financial incentives to producers for managing crop production risks through use of environmental classification and/or genotype-by-environment information.08-01-2013
20120047064METHODS AND SYSTEMS FOR ONLINE CREDIT OFFERS - Provided are methods and systems for coordinating a loan between a lender and a borrower. The methods and systems can provide enhanced offers by way of a Best Offer Strategy and Standardized Presentation of offers to borrowers. Also provided is a computerized business-to-business operations management system (a “portal”) centered around business performance analytics, wherein the selection criteria and business rules used to connect borrowers to lenders can be refined based upon the business performance analytics.02-23-2012
20130204774NETWORKING PLATFORM FOR LENDING - A networking platform for lending is disclosed. The platform may facilitate communication of potential borrowers and potential lenders where such lenders are not traditional financial institutional lenders. The platform may be configured to poll a potential borrower's social network to identify acquaintances that may wish to fund at least a portion of the requested loan.08-08-2013
20130204773RISK ASSESSMENT USING MAINTENANCE AFFORDABILITY INDICATOR - A computer system implement a method of determining what loans in a portfolio contain borrowers/homeowners that will have difficulty maintaining their real estate. The method is based on a comparison of the market value to the reproduction cost of the real estate. This comparison provides insight into whether the borrower/homeowner has sufficient income to remedy any deficiency or deferred maintenance and maintain the property going forward at an acceptable level to provide adequate collateral for the lender.08-08-2013
20130212002METHOD AND SYSTEM FOR DETERMINING, CONTRACTING TO EXCHANGE, AND ACCOUNTING FOR MATCHED SETS OF OFFSETTING CASH FLOWS - One disclosed embodiment comprises a computerized method and system for matching structured cash flows by transmitting an information of an exchange definition comprising information of two or more underlyings, a notional amount or range, and a payment provision, and receiving a linear combination of one or more partial exchange definitions such that the net present value of the cumulative cash flow of the linear combination of partial exchange definitions is substantially zero.08-15-2013

Patent applications in class Credit (risk) processing or loan processing (e.g., mortgage)