Entries |
Document | Title | Date |
20080201257 | ALTERNATIVE 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 |
20080215479 | Method 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 |
20080215480 | SYSTEM 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 |
20080215481 | Method 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 |
20080215482 | Mortgage 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 |
20080222026 | Derivatives 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 |
20080222027 | Credit 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 |
20080222028 | Method 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 |
20080228634 | Loan 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 2 | 09-18-2008 |
20080228635 | Reducing 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 |
20080235130 | System and Computer Program for Modeling and Pricing Loan Products - A computing system ( | 09-25-2008 |
20080235131 | Method 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 |
20080243678 | Loss 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 |
20080243679 | Property-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 |
20080243680 | Method 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 |
20080243681 | METHOD 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 |
20080243682 | MULTI-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 |
20080249925 | LIABILITY 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 |
20080255984 | RESOURCE 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 |
20080255985 | Novel 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 |
20080255986 | Targeting 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 |
20080262961 | Merchant 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 |
20080262962 | System 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 |
20080270292 | CALCULATING 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 |
20080270293 | Accounts 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 |
20080270294 | Method 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 |
20080270295 | Method 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 |
20080270296 | Method 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 |
20080275811 | Flexible 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 |
20080275812 | CREDIT 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 |
20080281751 | COLLATERAL 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 |
20080281752 | ONE-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 |
20080288392 | MERCHANT 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 |
20080288393 | Credit 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 |
20080288394 | Risk management system - An automated method and system ( | 11-20-2008 |
20080294545 | Realty 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 |
20080294546 | SYSTEM 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 |
20080294547 | SYSTEMS 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 |
20080301037 | SYSTEMS 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 |
20080301038 | System 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 |
20080313073 | APPARATUS 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 |
20080319894 | PURCHASING 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 |
20080319895 | SYSTEM 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 |
20080319896 | CARDLESS 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 |
20080319897 | APPARATUS 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 |
20090006245 | Method 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 |
20090006246 | Method 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 |
20090018952 | SYSTEM 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 |
20090018953 | COLLATERALIZED 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 |
20090024517 | SYSTEMS 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 |
20090024518 | Automated 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 |
20090037321 | SYSTEM 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 |
20090037322 | SYSTEM 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 |
20090037323 | METHOD 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 |
20090043689 | Architecture 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 |
20090043690 | SYSTEM 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 |
20090048965 | Method 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 |
20090048966 | Systems 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 |
20090055308 | Multiple 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 |
20090055309 | ONLINE 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 |
20090055310 | Computer 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 |
20090063328 | Systems 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 |
20090063329 | Method 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 |
20090063330 | METHODS 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 |
20090070253 | Compilation 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 |
20090076948 | FIXED 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 |
20090089205 | AUTOMATED 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 |
20090089206 | Methods 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 |
20090099957 | METHOD 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 |
20090099958 | Method 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 |
20090099959 | METHODS 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 |
20090099960 | SYSTEMS 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 |
20090106141 | Systems 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 |
20090106142 | Method 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 |
20090112752 | Distributed 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 |
20090112753 | APPLICATION 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 |
20090119202 | SYSTEM 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 |
20090119203 | Method 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 |
20090125439 | MACROECONOMIC-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 |
20090125440 | METHOD 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 |
20090144188 | APPARATUS, 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 |
20090144189 | Programmed dispensing of consumable compositions - Methods and systems for administering consumable compositions according to a programmed dosing schedule are provided. | 06-04-2009 |
20090144190 | Programmed dispensing of consumable compositions - Methods and systems for programmed dispensation of consumable compositions are provided. | 06-04-2009 |
20090144191 | METHOD 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 |
20090157542 | Online 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 |
20090157543 | Systems 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 |
20090164362 | System 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 |
20090164363 | Computer-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 |
20090164364 | Computer-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 |
20090164365 | SYSTEMS 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 |
20090171834 | SYSTEMS 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 |
20090177576 | AUTOMATED 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 |
20090182661 | FIRM 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 |
20090192934 | Consumer 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 |
20090198610 | Credit 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 |
20090198611 | METHODS AND SYSTEMS FOR SCORE CONSISTENCY - Provided are methods and systems for determining score consistency. | 08-06-2009 |
20090210339 | METHOD 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 |
20090210340 | System 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 |
20090222373 | TOTAL 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 |
20090222374 | TOTAL 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 |
20090222375 | TOTAL 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 |
20090222376 | TOTAL 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 |
20090222377 | TOTAL 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 |
20090222378 | TOTAL 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 |
20090222379 | TOTAL 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 |
20090222380 | TOTAL 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 |
20090240618 | Method 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 |
20090248567 | CONSUMER 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 |
20090248568 | CONSUMER 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 |
20090248569 | CONSUMER 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 |
20090248570 | CONSUMER 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 |
20090248571 | CONSUMER 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 |
20090248572 | CONSUMER 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 |
20090248573 | CONSUMER 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 |
20090259585 | EVENT-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 |
20090259586 | METHOD 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 |
20090287598 | Financial 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 |
20090299896 | Computer-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 |
20090307128 | Multi-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 |
20090313163 | Credit 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 |
20090319420 | SYSTEM 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 |
20090327120 | Tagged 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 |
20100010930 | PROVIDING 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 |
20100023446 | Interactive 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 |
20100023447 | COMPUTER 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 |
20100023448 | Online 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 |
20100042533 | SYSTEM 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 |
20100042534 | METHOD 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 |
20100049651 | Loyalty-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 |
20100057609 | Methods 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 |
20100057610 | Mortgage 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 |
20100063921 | System 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 |
20100070405 | WIRELESS 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 |
20100070406 | INTEGRATED 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 |
20100070407 | SYSTEM 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 |
20100076888 | SYSTEM 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 |
20100082476 | COMPREHENSIVE 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 |
20100082477 | Method 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 |
20100088220 | Systems 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 |
20100088221 | SYSTEMS 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 |
20100088222 | COMMUNICATION 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 |
20100088223 | Preauthorized 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 |
20100088224 | NATIONAL 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 |
20100094748 | Adjustable 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 |
20100094749 | System 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 |
20100094750 | CALCULATING 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 |
20100106638 | APPARATUS 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 |
20100106639 | APPARATUS 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 |
20100114757 | Method 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 |
20100114758 | SYSTEM 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 |
20100121761 | System 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 |
20100121762 | System 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 |
20100131406 | Method 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 |
20100138336 | PROCESS 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 |
20100145847 | Macroeconomic-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 |
20100153258 | SYSTEM 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 |
20100153259 | METHOD 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 |
20100153260 | RISK 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 |
20100161477 | Computerized 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 |
20100169209 | SYSTEM 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 |
20100169210 | Methods 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 |
20100174638 | REPORT 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 |
20100174639 | EMERGENCY 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 |
20100179904 | SHARED 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 |
20100185543 | Due 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 |
20100205087 | SYSTEMS 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 |
20100205088 | Methods 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 |
20100205089 | System 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 |
20100223179 | System 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 specific | 09-02-2010 |
20100228664 | IDENTITY 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 |
20100228665 | Collateral 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 |
20100241556 | SYSTEM 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 |
20100241557 | Computerized 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 |
20100241558 | MORTGAGE 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 |
20100250430 | SYSTEMS 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 |
20100250431 | SYSTEMS, 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 |
20100262534 | Web-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 |
20100262535 | METHOD 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 |
20100262536 | TRANSACTION 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 |
20100268639 | Characterizing 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 |
20100268640 | APPARATUS AND METHODS FOR RENEGOTIATING DEBT - Apparatus and methods are disclosed for renegotiating debt payment terms and similar matters. A database | 10-21-2010 |
20100268641 | SYSTEM 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 |
20100274708 | APPARATUS 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 |
20100274709 | ONLINE 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 |
20100274710 | Computer 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 |
20100287092 | Method 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 |
20100287093 | System 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 |
20100293089 | COLLATERAL 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 |
20100293090 | SYSTEMS, 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 |
20100293091 | METHOD 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 |
20100299244 | SYSTEMS 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 |
20100299245 | Web-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 |
20100299246 | SYSTEMS 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 |
20100299247 | Methods 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 |
20100306099 | Systems 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 |
20100306100 | Web-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 |
20100306101 | Credit 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 |
20100312691 | Loan 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 |
20100325035 | FRAUD/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 |
20100325036 | PAY 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 |
20100332381 | SYSTEM 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 |
20110004544 | ENVIRONMENTAL 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 |
20110004545 | System 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 |
20110016041 | Triggering 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 |
20110016042 | SYSTEM 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 |
20110022512 | MODIFIABLE 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 |
20110022513 | INTELLIGENT 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 |
20110029427 | CREDIT 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 |
20110035314 | Mortgage 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 |
20110035315 | Methods 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 |
20110047069 | System 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 |
20110047070 | Financial 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 |
20110047071 | TOTAL 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 |
20110055071 | SYSTEM 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 |
20110055072 | EVENT 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 |
20110055073 | System 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 |
20110066546 | APPARATUS 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 |
20110066547 | SYSTEM, 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 |
20110071939 | Electronic 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 |
20110078071 | PRIORITIZING 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 |
20110078072 | Verification 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 |
20110078073 | SYSTEM 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 |
20110087588 | SYSTEM 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 |
20110093382 | SYSTEM 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 |
20110093383 | CONSUMER 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 |
20110093384 | SYSTEM 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 |
20110099101 | AUTOMATED 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 |
20110106689 | EQUITY 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 |
20110106690 | PRETERM 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 |
20110106691 | SYSTEMS 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 |
20110106692 | LOAN 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 |
20110106693 | Automated 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 |
20110106694 | SYSTEM 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 |
20110112954 | Method 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 |
20110112955 | SYSTEM 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 |
20110112956 | CREDIT 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 |
20110112957 | SYSTEM 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 |
20110112958 | CONSUMER 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 |
20110112959 | SYSTEM 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 |
20110112960 | SYSTEM 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 |
20110119177 | METHOD 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 |
20110125632 | Consumer 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 |
20110131130 | INTEGRATED 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 |
20110131131 | RISK 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 |
20110137788 | SYSTEMS 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 |
20110137789 | Trust 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 |
20110145135 | PROCESS 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 |
20110145136 | PAYMENT 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 |
20110153490 | Methods, 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 |
20110153491 | PROCESS 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 |
20110161225 | METHOD 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 |
20110166986 | Banking 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 |
20110166987 | Evaluating 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 |
20110166988 | SYSTEM 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 |
20110173116 | SYSTEM 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 |
20110178920 | EQUITY 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 |
20110178921 | METHOD 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 |
20110184851 | METHOD 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 |
20110196781 | MULTIPLE 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 |
20110202452 | SYSTEM 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 |
20110208639 | IDENTITY 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 |
20110213696 | Financial 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 |
20110213697 | Financial 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 |
20110213698 | FINANCIAL 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 |
20110218905 | Method 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 |
20110218906 | DYNAMIC 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 |
20110225084 | Method 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 |
20110225085 | INFORMATION 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 |
20110238564 | System 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 |
20110238565 | SYSTEM 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 |
20110238566 | SYSTEM 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 |
20110246355 | OVER 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 |
20110246356 | METHOD 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 |
20110251945 | METHODS 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 |
20110251946 | METHOD 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 |
20110251947 | CREDIT 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 |
20110251948 | TOTAL 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 |
20110270740 | SYSTEM 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 |
20110276465 | MID 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, 2 | 11-10-2011 |
20110276466 | ONLINE 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 |
20110276467 | SYSTEMS, 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 |
20110276468 | Method 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 |
20110276469 | CONSUMER 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 |
20110276470 | CONSUMER 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 |
20110276471 | CONSUMER 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 |
20110282778 | METHOD 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 |
20110282779 | METHOD 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 |
20110288988 | LENDING 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 |
20110288989 | TIME-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 |
20110288990 | SYSTEM 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 device | 11-24-2011 |
20110302076 | METHOD 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 |
20110307373 | System 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 |
20110313911 | Loan 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 |
20110313912 | DATA 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 |
20110313913 | ONLINE 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 |
20110320340 | System 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 |
20110320341 | METHODS 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 |
20110320342 | METHODS 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 |
20120005070 | SALES 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 |
20120005071 | METHOD 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 |
20120005072 | System, 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 |
20120011056 | SYSTEM 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 |
20120011057 | PUBLICATION 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 |
20120016792 | Electronic 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 |
20120023006 | Credit 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 |
20120023007 | SYSTEM 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 |
20120030091 | Credit 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 |
20120030092 | LOAN 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 |
20120030093 | Financial 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 |
20120047064 | METHODS 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 |
20120059756 | AUTOMATED 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 |
20120059757 | SYSTEM 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 |
20120066116 | SYSTEM 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 |
20120072334 | RESPONSIBILITY 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 |
20120072335 | SYSTEM 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 |
20120072336 | METHOD 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 |
20120072337 | Payment 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 |
20120072338 | Machine, 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 |
20120072339 | HYBRID 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 |
20120078778 | SYSTEM, 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 |
20120078779 | Real 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 |
20120084196 | Process 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 |
20120084197 | Managing 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 |
20120101936 | Methods 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 |
20120101937 | FRAUD 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 |
20120109814 | Method 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 |
20120109815 | System 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 |
20120109816 | COMPUTER-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 |
20120116949 | PROCESSING 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 |
20120116950 | SYSTEM 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 |
20120116951 | SYSTEM 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 |
20120116952 | Communication 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 |
20120116953 | Generation 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 |
20120116954 | AUTOMATED 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 |
20120123931 | CREDIT 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 |
20120130885 | UNIFIED 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 |
20120136774 | System 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 |
20120136775 | SYSTEM 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 |
20120136776 | AUTOMATED 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 |
20120143747 | RETAILER 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 |
20120143748 | Loan 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 |
20120150720 | COMPUTERIZED 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 |
20120150721 | TOTAL 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 |
20120150722 | TOTAL 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 |
20120150723 | TOTAL 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 |
20120150724 | TOTAL 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 |
20120150725 | RISK 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 |
20120158572 | Determining 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 |
20120158573 | COMPUTER 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 |
20120158574 | SYSTEMS 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 |
20120158575 | SYSTEMS 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 |
20120158576 | SYSTEM 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 |
20120158577 | SYSTEM 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 |
20120173406 | System 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 creditworthiness | 07-05-2012 |
20120173407 | INTELLIGENT 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 |
20120179598 | Systems 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 |
20120179599 | Non-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 |
20120185377 | METHOD 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 |
20120191593 | PROVIDING 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 |
20120191594 | ONLINE 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 |
20120191595 | System 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 |
20120191596 | EVALUATING, 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 |
20120197781 | ADVANCE 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 |
20120197782 | CALCULATING 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 |
20120203688 | CONSUMER 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 |
20120209760 | RISK 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 |
20120209761 | System 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 network | 08-16-2012 |
20120215680 | Financial 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 |
20120215681 | SYSTEM 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 |
20120215682 | METHOD 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 |
20120226599 | Computerized 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 |
20120226600 | COMPUTERIZED 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 |
20120233061 | METHOD 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 |
20120239551 | COMPUTER 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 |
20120239552 | SYSTEM 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 |
20120239553 | METHOD 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 |
20120246060 | LOAN 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 |
20120246061 | SYSTEMS, 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 |
20120246062 | ONLINE 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 |
20120246063 | ONLINE 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 |
20120254017 | System 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 |
20120254018 | Methods and Systems for Score Consistency - Provided are methods and systems for determining score consistency. | 10-04-2012 |
20120254019 | SYSTEM 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 |
20120254020 | TRANSACTION 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 |
20120265670 | METHOD 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 |
20120271756 | SEGMENTATION 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 |
20120278226 | SYSTEMS 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 |
20120278227 | SYSTEMS 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 |
20120284172 | Multi-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 |
20120284173 | METHODS 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 |
20120290467 | NETWORKING 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 |
20120296804 | System 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 |
20120296805 | COMPUTING 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 |
20120296806 | Computer-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 |
20120296807 | System 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 |
20120303514 | SYSTEMS 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 |
20120303515 | ORIGINATING 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 |
20120310819 | SYSTEMS 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 |
20120317013 | Computer-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 |
20120317014 | METHODS 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 |
20120317015 | Loan 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 |
20120317016 | System 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 |
20120317017 | Creation, 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 |
20120323760 | DYNAMIC 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 |
20120323761 | System 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 |
20120330819 | SYSTEM 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 |
20120330820 | COMPUTERIZED 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 |
20120330821 | METHODS 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 |
20130006844 | SYSTEMS AND METHODS FOR COLLATERALIZING LOANS - Systems and methods are disclosed for collateralizing loans. Some embodiments increase the likelihood of repayment 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 component. Taking control may include notifying social contacts. Securing the loan by taking various security interests and technical countermeasures against the borrower re-obtaining access or re-taking control are disclosed. 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, crowdsourced risk evaluation, social graphs, borrower stability factors derived from social graphs, data associated with online information repositories, and efficacy of notification are disclosed. | 01-03-2013 |
20130006845 | SYSTEMS AND METHODS FOR UNDERWRITING LOANS - Systems and methods are disclosed for underwriting loans. Some embodiments increase the likelihood of repayment 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 component. Taking control may include notifying social contacts. Securing the loan by taking various security interests and technical countermeasures against the borrower re-obtaining access or re-taking control are disclosed. 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, crowdsourced risk evaluation, social graphs, borrower stability factors derived from social graphs, data associated with online information repositories, and efficacy of notification are disclosed. | 01-03-2013 |
20130006846 | METHOD 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. | 01-03-2013 |
20130013488 | REAL 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 |
20130013489 | METHODS 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 |
20130018776 | System 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 |
20130018777 | SYSTEMS, 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 |
20130024358 | FILTERING 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 |
20130024359 | Peer-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 |
20130030983 | GENERATING 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 |
20130030984 | CREDIT 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 |
20130030985 | SYSTEMS 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 |
20130036042 | FACILITATING 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 |
20130041806 | System 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 |
20130041807 | INTELLIGENT 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 |
20130046678 | MINIMUM 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 |
20130054447 | SYSTEM TO IDENTIFY RISK BASED ON NETWORK POSITION - Embodiments of the invention relate to systems, methods, and computer program products for determining a customer's risk profile by collecting data, via a computing processor, relating to the customer's risk tendencies from social networks which the customer is a member and from customer data available to a merchant based on prior dealings with the customer, analyzing the two sets of customer data with the computing processor to correlate the data to indicators of increased risk and determining a customer risk profile based on the indicators of increased risk. | 02-28-2013 |
20130066765 | SYSTEM 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 |
20130066766 | SYSTEM 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 |
20130066767 | System 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 |
20130073445 | Real-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 |
20130073446 | SYSTEM 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 |
20130080313 | ADKINS 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 |
20130080314 | Apparatus 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 |
20130080315 | SYSTEM 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 |
20130080316 | SYSTEM 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 |
20130085924 | INTERACTIVE 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 |
20130085925 | AUDIT 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 |
20130085926 | Methods 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 |
20130091050 | SYSTEM 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 |
20130091051 | COMPUTER-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 |
20130097070 | SMART 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 |
20130097071 | HYBRID 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 |
20130103569 | SYSTEMS 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 |
20130103570 | SYSTEM 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 |
20130103571 | SYSTEM 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 |
20130103572 | Systems 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 |
20130103573 | METHOD 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 |
20130110703 | LOAN LOCK OPTIONS | 05-02-2013 |
20130110704 | COMPUTERIZED SYSTEM AND METHOD FACILITATING QUALIFICATION FOR AND ACQUISITION OF FUNDING FOR COMMERCIAL REAL ESTATE PROJECTS | 05-02-2013 |
20130110705 | System And Method For Processing Electronic Credit Requests From Potential Borrowers On Behalf Of A Network Of Lenders And Lender Affiliates Communicating Via A Communications Network | 05-02-2013 |
20130110706 | SYSTEM, PROGRAM PRODUCT, AND METHOD FOR DEBIT CARD AND CHECKING ACCOUNT AUTODRAW | 05-02-2013 |
20130117173 | Method and System of Increasing Credit Score of a Borrower - Increasing credit score of a borrower. At least some of the illustrative embodiments are methods including: accepting an application from a borrower, the application for a motor vehicle loan, and the application accepted by way of an electronic submission to a data center; determining that the borrower has an indicia of credit worthiness below a predetermined threshold, the determining by way of a computer system of the data center; offering the borrower a first loan with a requirement that a first motor vehicle purchased with the first loan comprise a first on-board device configured to provide location of the first motor vehicle; and if the borrower accepts tracking the loan payments made by the borrower, the tracking by way of a computer system; and reporting loan payments to a credit reporting agency, the reporting by way of a computer system. | 05-09-2013 |
20130124392 | SYSTEMS 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 |
20130124393 | CONNECTING 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 |
20130124394 | SYSTEM, 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 |
20130132266 | Computerized Mortgage Foreclosure-Capping System - Computerized capping of mortgage foreclosures. | 05-23-2013 |
20130132267 | TRANSACTION 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 |
20130132268 | SYSTEMS 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 |
20130132269 | METHOD 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 |
20130138552 | UNIFIED 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 |
20130138553 | CREDIT 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 |
20130138554 | DYNAMIC 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 |
20130138555 | SYSTEM 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 |
20130138556 | METHOD 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 |
20130144776 | System 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 |
20130144777 | CONSUMER 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 |
20130151397 | METHODS 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 |
20130151398 | PORTFOLIO 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 |
20130151399 | SYSTEMS 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 credit | 06-13-2013 |
20130159164 | METHOD 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 |
20130159165 | AUTOMATED 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 |
20130159166 | Methods 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 |
20130159167 | System 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 |
20130159168 | System 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 |
20130166436 | DERIVING 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 |
20130166437 | METHODS 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 |
20130173447 | CONSUMER-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 |
20130173448 | Methods, 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 |
20130173449 | SYSTEM 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 |
20130173450 | SYSTEM 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 |
20130173451 | SYSTEM 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 |
20130173452 | DETERMINING 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 |
20130173453 | System 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 |
20130179325 | System 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 |
20130179326 | SYSTEM, 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 |
20130179327 | ADAPTABLE 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 |
20130179328 | ONLINE 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 |
20130179329 | CREDIT 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 |
20130179330 | SUPPLY 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 |
20130179331 | METHOD 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 |
20130179332 | System 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 |
20130179333 | METHODS 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 |
20130185189 | SYSTEMS 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 |
20130185190 | SYSTEM 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 |
20130191270 | Method 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 |
20130198056 | NEAR 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 |
20130198057 | METHOD 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 |
20130204773 | RISK 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 |
20130204774 | NETWORKING 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 |
20130212002 | METHOD 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 |
20130218750 | Strategic 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 |
20130218751 | SYSTEMS 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 |
20130218752 | SYSTEM 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 |
20130226777 | APPARATUS, METHOD, AND COMPUTER PROGRAM PRODUCT FOR CREDIT CARD PROFITABILITY SCORING - Data is obtained for a plurality of credit accounts for a first predetermined period of time. For each account in the plurality of credit accounts, an expected profitability is calculated based on the data. The expected profitability includes, for each given one of the accounts, an estimated probability of default for a given one of the accounts multiplied by, for each given one of the accounts: the minimum of zero and an increase in balance from scoring to default, in case of a default within a second predetermined period of time; and the maximum of zero and the increase in balance from scoring to default, multiplied by an annual percentage rate, in case of no default within the second predetermined period of time. At least one action is taken based on the expected profitability calculated for the plurality of credit accounts. | 08-29-2013 |
20130226778 | SYSTEMS AND METHODS FOR IDENTIFYING FINANCIAL RELATIONSHIPS - Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data. | 08-29-2013 |
20130226779 | SYSTEMS AND METHODS FOR IDENTIFYING FINANCIAL RELATIONSHIPS - Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data, and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data. | 08-29-2013 |
20130226780 | SYSTEMS AND METHODS FOR IDENTIFYING FINANCIAL RELATIONSHIPS - Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data, and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data. | 08-29-2013 |
20130226781 | SYSTEMS AND METHODS FOR IDENTIFYING FINANCIAL RELATIONSHIPS - Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data, and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data. | 08-29-2013 |
20130226782 | SYSTEMS AND METHODS FOR IDENTIFYING FINANCIAL RELATIONSHIPS - Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data, and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data. | 08-29-2013 |
20130226783 | SYSTEMS AND METHODS FOR IDENTIFYING FINANCIAL RELATIONSHIPS - Improved systems and methods are provided for identifying financial relationships. In particular, financial relationships may be identified by associating tradelines with one or more people who sign or co-sign on the tradeline. In various embodiments a method is provided comprising, receiving, at a computer-based system for credit data analysis comprising a processor and a tangible, non-transitory memory, credit reporting data relating to a tradeline, parsing, by the computer-based system, the credit reporting data to yield primary debtor data and secondary debtor data, and linking, by the computer-based system, the tradeline with the primary debtor data and the secondary debtor data. | 08-29-2013 |
20130226784 | SYSTEM AND METHOD FOR CREDIT BALANCE TRANSFER OFFER OPTIMIZATION - A computer based method for selecting a balance transfer pricing offer for an individual financial account. The method includes selecting a plurality of balance transfer offers, each balance transfer offer comprising balance transfer pricing and duration criteria, executing computer executable instructions comprising one or more predictive models that estimate for the individual financial account and each of the balance transfer offers a plurality of parameters such as a probability of a response as well as a plurality of financial parameters, scoring the estimate of the one or more predictive models to determine an expected financial benefit for each of the balance transfer offers, determining, for the individual financial account, an optimal balance transfer offer among the plurality of the balance transfer offers by way of maximizing the expected financial benefit based on a plurality of constraints, and assigning to the individual financial account the optimal balance transfer offer. | 08-29-2013 |
20130226785 | TAX REFUND LOAN SYSTEM ABSENT IRS AND FMS DEBT INDICATOR - An aspect of the present invention is a tax refund loan or purchasing system for use in making loan or purchase decisions. The system is an integrated computer system capable of receiving, sending, processing, storing, manipulating financial information as part of an overall loan or purchase decision-making system. The system incorporates certain Internal Revenue Service debt information with certain non-Internal Revenue Service debt information in making loan or purchase decisions. | 08-29-2013 |
20130226786 | SYSTEMS AND METHODS FOR ASSET VALUATION - Systems and methods for asset valuation, whole loan processing and inventory management is described. The systems and methods may include modules. An asset valuation tool may use multiple data sources for producing current and predicted future values and historical and intermediate data points on a requested timeline. A loan information pricing tool may perform unlimited volumes of loan program eligibility and multi-variable pricings on a user desktop. A workout activity tracking tool may capture, monitor, measure and report on a loan workout process including direct hosting and integration of the asset valuation tool and the loan information pricing tool. The present invention may offer diverse and competitive modular components as well as an integrated and innovative platform that does not exist in the market. | 08-29-2013 |
20130226787 | METHOD 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 he used in the same manner as a credit bureau score. | 08-29-2013 |
20130232059 | USING A TRANSACTION CARD ACCOUNT TO MAKE RECURRING LOAN PAYMENTS - Recurring loan payments (e.g., mortgage payments) through a transaction card account is disclosed. Information is received at a transaction account system from a loan company system corresponding to an application received at the loan company system from a requester for a loan involving automatic debits to a transaction card account. A determination is made as to whether the requestor is eligible for the loan to be associated with a transaction card account. If not, the customer receives a communication of rejection. If eligible, a determination is made whether the transaction account system has stored therein a transaction card account of the requestor. If no, a transaction card account is opened for the requestor and associated with the loan. If yes, the loan payment is associated with the transaction card account bill. | 09-05-2013 |
20130238486 | METHOD AND SYSTEM FOR DISTRIBUTION OF UNACTIVATED BANK ACCOUNT CARDS - The invention comprises a method for distributing dead bank cards to customers who have not solicited a bank card or submitted an application. The dead bank card is a bank card (e.g., ATM card, debit card, check card, and the like) which contains all necessary information to be used, including a pre-assigned bank account number, and which only requires activation/approval by the prospective new bank account customer. In one embodiment, the dead bank card is distributed in connection with live credit cards issued to applicants for credit card accounts. Once operative, the bank card and the credit card may be linked together through a rebate/rewards program. | 09-12-2013 |
20130246252 | Ezscrow - This patent application is for the business process of Ezscrow. The business process seeks to protect governmental entities from counterparty risk by requiring good faith security deposits for government vendors. The funds will be administered by Ezscrow and held by a third party agent such as PayPal. The security deposits are based on the traditional security deposit provided by a tenant to a landlord. Ezscrow couples this security deposit with the electronic and computerized features of Ez-Pass. The unique and non-obvious aspect of Ezscrow is that the funds earn interest and are refundable if the government vendors are compliant and do not have outstanding delinquencies. The business process will provide advance enforcement designed to augment the current process that may include surety or performance bonds. The government entities will present the application for funds to Ezscrow which is the third party agent and also provides alternative dispute resolution. | 09-19-2013 |
20130246253 | SYSTEMS AND METHODS FOR PROVIDING ANONYMOUS REQUESTS FOR QUOTES FOR FINANCIAL INSTRUMENTS - Embodiments of the invention provide computer systems and methods for providing an anonymous request for quotation environment that enables sharing of confidential trading interest information without sacrificing anonymity or enabling information leakage. | 09-19-2013 |
20130246254 | SYSTEMS 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. | 09-19-2013 |
20130254095 | SYSTEM AND METHOD FOR DETECTING CHANGES IN BUSINESS STABILITY - A system for detecting changes in business stability is provided. The system includes a merchant system that receives periodic payment data from one or more users, such as credit card transaction data. A credit processor coupled to the merchant system receives the periodic payment data from the merchant system and stores the periodic payment data, such as when the credit processor is compiling the credit card transaction data for submission to a credit card company. A merchant credit/risk system coupled to the credit processor generates business stability data from the periodic payment data, such as by determining when changes in the periodic payment data exceed allowable variations for such changes. | 09-26-2013 |
20130254096 | AUTOMATED 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. | 09-26-2013 |
20130262290 | METHOD AND SYSTEM TO AUTOMATICALLY GENERATE LOAN OFFER INFORMATION BASED UPON THE GEO-LOCATION OF AN END-USERS MOBILE COMPUTING DEVICE OR APPARATUS. - The application relates to a method and system for using the location information of a potential property buyer's mobile apparatus for generating a lead or financing offer for a property or home being visited by a prospective buyer. The method involves an internet based system for collecting the buyers location information during the course of visiting potential properties, matching such location information with corresponding property specific information contained in a plurality of land or property records databases, automatically populating a plurality of finance lender's electronic applications or systems with such retrieved information, then further using such information to automatically compute, generate and transmit one or more qualified or non-qualified financing offers to the user, via the user's mobile computing device, other internet connected device, or additional means. | 10-03-2013 |
20130262291 | UNIVERSAL CREDIT CARD - A method, system and program for providing financing to a user from one or more finance sources are disclosed. Each finance source has financing data associated with that finance source. Purchase information reflecting a purchase transaction including a monetary amount of the purchase transaction is received. One or more of the finance sources are selected using at least a portion of the respective financing data to make the selection. A financing-request transaction is initiated with the one or more selected finance sources on behalf of the user to obtain financing for the user to complete the purchase transaction. A method for selecting a resource is also disclosed. An abstract definition of a resource is received. The abstract definition of the resource is converted into one or more search requests that fall within the abstract definition. The one or more search requests is run against a data repository to produce descriptions of resources. The descriptions of resources are provided. Financing to purchase the selected resource may then be provided. | 10-03-2013 |
20130268428 | Universal economy enhancement system - The ‘Universal Economy Enhancement System’ is a business method or process that can be established and used by a single country or a group of countries to significantly improve the economy of the user country or user countries principally by significantly reducing unemployment and funding worthy projects. This is accomplished by having a new national or international institution or the like collect new business ideas or ideas for new businesses from Inventors. These new business ‘inventions’ may or may not be patentable. The UEES institution is given the right by UEES nations to determine whether the Inventor's invention is ‘new’. If it is the UEES register the new invention and the UEES receives a permanent intellectual property ownership right from UEES using countries. The ‘inventions’ are made available for use in UEES-using countries. The Inventor is compensated by the UEES based on the economic impact of his/her/its invention. | 10-10-2013 |
20130275292 | SYSTEMS AND METHODS FOR COMPETITIVE APR PRICING - A method is provided comprising receiving tradeline data associated with a consumer related to a tradeline, determining payment terms of the tradeline by selecting the greatest of a minimum potential payment amount, a fixed percentage potential payment amount, and a fixed percentage plus finance charge potential payment amount, and calculating (in response to selection of the fixed percentage plus finance charge potential payment amount) an APR of the tradeline. | 10-17-2013 |
20130275293 | Automated 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. | 10-17-2013 |
20130275294 | SYSTEMS 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. | 10-17-2013 |
20130282556 | Systems and Methods for Analyzing Disparate Treatment in Financial Transactions - Systems and methods are provided for analyzing disparate treatment in financial transactions. Data processing software instructions may be used to process lending-related data to identify a plurality of primary factors and one or more secondary factors for use making a lending-related decision. Model facilitation software instructions may be used to receive one or more relationships between the primary factors and the one or more secondary factors, wherein the relationships define criteria in which one or more positive secondary factors will compensate for a negative primary factor in making the lending-related decision. Model generation software instructions may be used to analyze lending-related data based on the primary factors, secondary factors and the one or more relationships. | 10-24-2013 |
20130282557 | METHOD 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. | 10-24-2013 |
20130282558 | METHOD 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. | 10-24-2013 |
20130290164 | Self-Operated Loan Originator - A self-operated loan originator (SOLO) apparatus is configured to generate at least one stacked loan application object. The apparatus includes at least one applicant interface which includes hardware and software for receiving applicant data to create at least one applicant data object. A SOLO server receives the at least one applicant data object and transforms the data from the applicant data object to create at least one lender vendor request object. The lender vendor request object is relayed to one of a plurality of lender vendor servers. The SOLO server also stores at least one data object which contains data specifying at least one stacked application order. | 10-31-2013 |
20130290165 | METHODS 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. | 10-31-2013 |
20130290166 | System and Methods for Providing Starter Credit Card Accounts - A system and method for providing starter credit card products to selected customers of a credit card issuer is disclosed. Methods, systems and articles of manufacture consistent with the present invention enable a credit card issuer to identify a group of customers that may not eligible to obtain standard credit card products offered by the credit card issuer. The credit card issuer may rank these customers and present offers for starter credit card accounts with adjusted account parameters tailored to these customers. The credit card issuer monitors the activities of each starter card account during a trial period to determine whether each respective account has met predetermined criteria. Based on the results of the monitor process, the credit card issuer may adjust the parameters associated with each starter credit card account. The adjustment may include increasing a credit limit of the starter credit card account if the predetermined criteria has been met, or conversely, restarting the trial period if an account has not met the predetermined criteria during the trial period. Once a starter card account that meets selected criteria during the trial period will graduate and receive new parameters and benefits defined by the credit card issuer. | 10-31-2013 |
20130290167 | SYSTEM AND METHOD FOR CREDIT RISK MANAGEMENT FOR EDUCATIONAL INSTITUTIONS - A system and method for collecting, analyzing, assessing, and managing financial data of prospective, enrolled, and former students of an educational institution is provided. Student data and credit data corresponding to the students may be analyzed to create a compliance profile. Loan default likelihood factors may be determined based on the compliance profile. The students may be segmented into sub-populations based on the factors, the student data, and the credit data, and a risk baseline including risk criteria may be determined based on the segmentation. Prospective student leads may be screened for their repayment ability risk by utilizing the risk criteria to assist the educational institution in making financial aid and admissions decisions. A student loan portfolio may be assessed based on the risk criteria and credit data to identify at-risk accounts and to prioritize collections activities for past due accounts. | 10-31-2013 |
20130290168 | SYSTEMS AND METHODS FOR PROVIDING MIGRATION AND PERFORMANCE MATRICES - Systems and methods are provided for computing migration and performance matrices. The matrices may provide risk and performance data, as well as different views on the data useful for making and monitoring investment decisions. The migration and performance matrices may bring together data to reflect information on the likelihood that a rated entity will change its current rating within a given time period, information reflecting retention rates, and information describing the effect of changed exchanged rates on different data, for example. | 10-31-2013 |
20130297485 | Crowd-Sourced Credit Rating and Debt Tracking System to Facilitate Small Purchases on Trust Based Credit - Systems and methods are provided for facilitating transactions between consumers and merchants on trust based credit. The systems and methods described herein enable a series of operations whereby a purchaser can initiate a transaction and instead of paying using a credit card or cash, the consumer can use trust based credit “tab” with the merchant and pay its bill at a later time. Based on this selection, a credit transaction request (identifying the consumer, the merchant and the credit amount) can be transmitted to the system server. In response, the system server can generate a report with the consumer's credit transaction history and credit profile and transmit the information back to the merchant. The merchant can elect to approve and finalize the credit transaction or decline. The consumer's transaction history can be updated with the transaction and all necessary adjustments to the consumer's credit profile can be made. | 11-07-2013 |
20130297486 | HYBRID INSTALLMENT-REVOLVING CREDIT METHOD AND SYSTEM - A hybrid installment-revolving credit method and system involves establishing a contractually fixed set of payments to be paid on a contractually fixed schedule for each purchase made on the revolving credit line, so that the cost and terms of credit are fixed in the purchase contract and no interest is charged on the balance due. In one embodiment, the method and system involves purchase and immediate installment resale at a markup, with the ownership rights of the purchased goods or services passing through the creditor from the supplier to the purchaser. | 11-07-2013 |
20130297487 | System and Method for Providing a Cash Advance - A loan system and cash advance product is provided which provides funds instantly to a financial institution or equivalent payment provider for pick-up by a registered user of the system. The user selects a cash advance product provided by an authorized distributor. The authorized distributor authenticates the user, pre-authorizes the purchase of the cash advance product, communicates with a loan system that verifies the user, authorizes the transaction, and transfers funds to the financial institution associated with the user. The authorized distributor then charges the user on his bill and remunerates the loan system cash advance product once the user has paid the bill. | 11-07-2013 |
20130297488 | SYSTEM, METHOD, SERVICE AND COMPUTER READABLE MEDIUM FOR TAKING AND PROCESSING PAPERLESS MORTGAGE LOAN APPLICATIONS - A system, service, method, and computer program product is described that allows borrowers to fill-in, sign and submit mortgage loan applications and custom disclosures directly from tablet computers without the need of paper. The signed forms and data are securely transferred from the tablet computers to the loan agent's LOS software and imaging system. | 11-07-2013 |
20130297489 | Data Analytics Models for Loan Treatment - Data analytics are provided in loan treatment. Various sources of data may be used to optimize or predict value for a loan. Using machine-learning and/or statistical analysis, loans or treatment best suited for a particular borrower may be determined. Due to the large amounts of data available, borrower behavior may be learned from previous behavior of others and mapped to a predictive model. Machine-learning indicates the most relevant factors in loan treatment, providing a matrix for predicting loan value or treatment success. A given borrower may be classified into one of many classes of borrower based on credit information, property information, desired loan information, real estate market information, and/or other data. Tens, hundreds, or even thousands of variables may be used to predict the optimum treatment. | 11-07-2013 |
20130304629 | SELF FULLFILLED ONLINE FINANCIAL INSTRUMENT - The system provides a method and apparatus for self fulfillment of financial instruments via an online system. The consumer is able to initiate, apply for, and complete a lending transaction completely online with minimal or no offline interaction with financial institutions. An advantage of the system is that it allows a consumer to receive information and offers from one to many lenders online and self-fulfill a loan or other financial instrument online without the need to interact with a traditional loan officer. The systems includes a shopping tool to help a consumer identify and make their own decision in selecting a loan that best fits their needs including an easy to complete online loan application, a rate locking feature that allows a consumer to lock and/or re-price their loan quickly, and an eSigning capability to simplify the signing process. | 11-14-2013 |
20130304630 | Real-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. | 11-14-2013 |
20130311354 | PRODUCT LEASING SYSTEM AND METHOD - A computerized system and method for leasing products includes defining a lease of an item, for example, an electronics product. The system includes a computer database that tracks product and service items, the cost for leasing of the items, and the cost to provide updates for product items. The bundled products and services are leased at a predetermined rate calculated using the database of the computerized system. At the option of the lessee, each product may be upgraded to a newer version of the original product in the same product class. The rate does not change over the course of the lease term. In the disclosed embodiment, the upgrade product is not identified in the lease because it is not available for sale or lease at the start of the lease term. | 11-21-2013 |
20130311355 | Financial Products with Consumer Protection Built-in for Future Time - Relationship banking and mobile banking are discussed and presented here. In Section 1, we present Pre-approval, Fulfillment, and Application Process. In Section 2, we present Financial Products for Protection of Consumers. In Section 3, we present Relationship-Based Score. In Section 4, we present Application of Credit Report for a “Binding” Pre-Approval for Lending Products. In Section 5, we present Deposit Slip Purchase. In Section 6, we present Reducing Frauds on Credit Cards. We also discuss the system and components, with different variations on system and method, or their designs. | 11-21-2013 |
20130317974 | SYSTEM AND METHOD FOR COMPILING INFORMATION FOR RESOLVING TRANSACTIONS - A system and method for gathering information pertinent to a transaction, such as one of a plurality of debts, is presented. The design comprises a server arrangement configured to seek information to compile a transaction settlement offer set, the server arrangement configured to seek at least one from a group comprising information related to personal data regarding a user, information related to account data regarding a user account, information related to macroeconomic data, and information related to the transaction. The server arrangement seeks all information from a source separate from the server arrangement and the user. | 11-28-2013 |
20130325693 | CREDIT BEHAVIOR NETWORK MAPPING - A method including receiving an identifier of a first entity, performing a first search of a database that returns an identifier of a second entity having a relationship with the first entity, performing a second search of a database that returns an identifier of a third entity that is a creditor of the second entity, and constructing in a storage device, a data structure that defines a path between the first entity and the third entity via the second entity. The method can be executed by an apparatus having a processor and a memory with instructions. The instructions, when read by the processor, cause the processor to perform the method described above. | 12-05-2013 |
20130325694 | METHOD AND SYSTEM FOR FINANCING SELF-SUFFICIENT ENERGY SYSTEMS - An object of the present invention is to provide a method for financing the conversion of an entity from a traditional energy system to a self-sufficient energy system having the following steps: receiving the conversion cost of the self-sufficient energy system; receiving the energy cost of the traditional energy system, the energy cost determined over at least one interval; amortizing the conversion cost of the self-sufficient energy system over the at least one interval to generate an amortized interval cost; comparing the amortized interval cost to the energy cost of the traditional energy system to determine a cost ratio; comparing the cost ratio to a predetermined cost threshold; and approving the financing of the conversion of the entity from the traditional energy system to the self-sufficient energy system if the cost ratio is less than or equal to the predetermined cost threshold. | 12-05-2013 |
20130325695 | METHOD FOR RESOLVING TRANSACTIONS - A method for the online settling of a transaction in which network communications are established between a user, such as a debtor, and a computing device is presented. The method comprises receiving information, at the computing device, regarding the transaction, seeking available information pertinent to the transaction from at least one source external to the computing device and the user, processing data from the available information using a rules based engine including rules established on behalf of a party to the transaction located at the computing device, and presenting a transaction settlement offer set to the user based on at least one decision made by the rules based engine. While online, the user/debtor may accept one of the offers or engage in further approved negotiation of other offers. | 12-05-2013 |
20130332334 | Providing Loan Services In The Event Of A Total Loss Claim - Providing a property replacement loan offer to a customer that has lost property in a total loss event where the offer is provided automatically in response to an indication of the total loss event. The invention includes computer-based processes that collect customer-specific data for the customer whose property is involved in the total loss event and using this data to prequalify the customer for the property replacement loan. The processing includes accessing a credit bureau to receive data related to the customer's credit. | 12-12-2013 |
20130332335 | Method and System for Ordering Construction Lien and Notice Documents Over the Internet, Mobile Application or Communications Network. - This invention provides a method and system for ordering notice, lien and bond claim documents using internal databases and logic through the following steps: 1) The user inputs required data including State, Role, Hired-by Role, Project, and Document/Serviced Ordered; 2) The invention processes database record for product/service and creates an identifier for additional information required, including Dates, Contacts, and Extra Fields; 3) The invention requests from the user the Dates, Contacts, and Extra Fields required by the identifier created; 4) User inputs the requested information; 5) The information is transmitted to the company. | 12-12-2013 |
20130332336 | MORTGAGE RELATIONSHIP PRICING - Methods and apparatus according to the invention are directed towards providing an offer of discounted pricing of a mortgage product to a customer of a financial institution. Depth of discounting may be related to an extent of the customer's financial relationship with the institution. Assessing the extent may include evaluation of the customer's institutional financial holdings. The methods and apparatus support offering a depth of discounting related to a future extent of the customer's institutional relationship. | 12-12-2013 |
20130332337 | Systems and Methods for Enabling Trusted Borrowing and Lending Using Electronic Funds - Methods and systems to enable a borrower to borrow electronic funds from a friend lender include enabling the friend lender to transfer the electronic funds from a digital wallet associated with the friend lender to a digital wallet associated with the borrower. | 12-12-2013 |
20130332338 | SYSTEM 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. | 12-12-2013 |
20130332339 | SYSTEM 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. | 12-12-2013 |
20130332340 | Systems and Methods for Monitoring and Optimizing Credit Scores - The present disclosure provides systems and methods that monitor, on a recurring basis, a consumer's behavior as reflected on both the consumer's credit report and other sources, identifies opportunities for optimizing the consumer's credit score, warns proactively of actions that can damage a consumer's credit score, and identifies the right time for consumers to take certain actions, including, but not limited to, actions like applying for a new credit card or closing an existing credit card. The present disclosure also provides systems and methods that implement or can assist in the implementation of the recommended actions on behalf of the consumer. | 12-12-2013 |
20130332341 | Systems and Methods for Monitoring and Optimizing Credit Scores - The present disclosure provides systems and methods that monitor, on a recurring basis, a consumer's behavior as reflected on both the consumer's credit report and other sources, identifies opportunities for optimizing the consumer's credit score, warns proactively of actions that can damage a consumer's credit score, and identifies the right time for consumers to take certain actions, including, but not limited to, actions like applying for a new credit card or closing an existing credit card. The present disclosure also provides systems and methods that implement or can assist in the implementation of the recommended actions on behalf of the consumer. | 12-12-2013 |
20130339217 | Real-Time Automated Online Loan Transaction System - The disclosure relates to a real-time online loan application, underwriting, loan design and loan boarding system and method for conducting such transactions online. The system can be user self-served real time and immediate with complete automation from the lender perspective. The disclosure is directed toward loan transactions for small businesses. | 12-19-2013 |
20130339218 | Computer-Implemented Data Storage Systems and Methods for Use with Predictive Model Systems - Systems and methods for performing fraud detection. As an example, a system and method can be configured to contain a raw data repository for storing raw data related to financial transactions. A data store contains rules to indicate how many generations or to indicate a time period within which data items are to be stored in the raw data repository. Data items stored in the raw data repository are then accessed by a predictive model in order to perform fraud detection. | 12-19-2013 |
20130339219 | Interactive Finance And Asset Management System - A computer implemented method and system provides an asset management application (AMP) for monitoring and managing assets, and interactable interface elements on a graphical user interface (GUI) for enabling configuration and access of asset information and computations on the GUI. The AMP receives inputs associated with an asset, for example, an adjustable or a fixed rate loan on the asset. The AMP determines one or more financial components of expenditure and financial outcomes of a sale of an asset over a configurable duration of time based on the received inputs and/or the user's and/or the asset's geographical location. The AMP dynamically renders one or more interactive graphical models of the financial components of expenditure and the financial outcomes that are configurably accessible and modifiable on the GUI using the interactable interface elements. The AMP facilitates communication of the interactive graphical models and updates thereof between users and financial entities. | 12-19-2013 |
20130339220 | METHOD, SYSTEM, AND APPARATUS FOR VERIFYING EMPLOYMENT VIA A PLURALITY OF DATA SOURCES - 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. | 12-19-2013 |
20130346283 | System and Method for Processing a Decision Engine Driven Integrated Consumer Credit Application - In certain embodiments, a system includes a processor. The system also includes one or more non-transitory computer readable storage media embodying software that is operable when executed by the processor to perform certain operations. The operations include receiving a credit application request from an applicant directed to a credit entity. The credit application request includes a product selection. The operations also include determining a relationship strength between the applicant and the credit entity. The operations also include receiving a plurality of responses to requests for applicant data. The operations also include determining an applicant classification based at least in part on one or more of the product selection and the relationship strength. The operations also include determining, based on the applicant classification, one or more applicant data collection rules. The operations also include customizing requests for additional applicant data using the determined one or more applicant data collection rules. | 12-26-2013 |
20130346284 | NOVEL SYSTEMS AND PROCESSES FOR ENHANCED MICROLENDING - A computer based system and method implements a loan assessment algorithm that accurately generates a numeric score for delivery to lending institutions. The score determined is low cast and rapid, thus meeting two key elements of microfinance. | 12-26-2013 |
20130346285 | Facilitating Financial Institution Compliance with Foreclosure Laws - A computer software application for facilitating financial institution compliance with foreclosure laws is provided. A computer may be utilized to generate a graphical user interface for initiating a loan level review of foreclosure files. During the loan level review, the computer may be utilized to identify and report missing loan file documentation and other foreclosure procedure errors, including checking for active military borrowers, bankruptcy searches and loss mitigation processes. At the completion of the review, the computer may generate a report that may be utilized in assessing compliance, following-up with the financial institution's vendors and instituting process changes. | 12-26-2013 |
20130346286 | METHOD AND SYSTEM FOR PROVIDING A LOAN USING EQUITY IN A NEW HOME - Systems and methods are disclosed for financing a transition of a borrower between ownership of a prior home to ownership of a new home in conjunction with services. The transition is associated with an increase in living situation cost of the borrower between a prior living situation cost and a new living situation cost, the new living situation cost including the new home and the services. The method alleviates cash flow burden to the borrower by allowing minimal or no monthly payments for as long as the borrower occupies the home. | 12-26-2013 |
20130346287 | RISK ANALYSIS OF MONEY TRANSFER TRANSACTIONS - A money transfer system includes a risk assessment system and a risk modeling system. The risk assessment system uses rules engines and Z scores to assess, on a real time basis, risk factors associated with money transfers. The risk modeling system develops risk scores based on historical transaction data in order to create a risk model. The risk model may be analyzed over time to refine the rules engines and take other actions to understand and reduce the risk of improper activity in connection with money transfers. | 12-26-2013 |
20130346288 | RISK-PROFILE GENERATION DEVICE - A risk profile generation device includes: a memory for storing model information of a risk profile defined by a first parameter set, model information of a probability distribution of the first parameter set defined by a second parameter set, a plurality of required conditions, and weighting factors; and a processor is configured to: calculate a value of the second parameter set such that a risk profile to be specified by applying a value of the first parameter set generated based on the probability distribution to the model information of the risk profile satisfies the required conditions with a higher probability, for the required conditions; generate a probability distribution of the first parameter set from the calculated value of the second parameter set, the weighting factors, and the model information of the probability distribution; and generate a value of the first parameter set based on the generated probability distribution. | 12-26-2013 |
20130346289 | Credit instrument and system providing multiple services including access to credit services and access to a service provider club - 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. | 12-26-2013 |
20140006253 | LOCATION-BASED CREDIT PROVISION SYSTEM | 01-02-2014 |
20140006254 | METHOD AND SYSTEM FOR THE AUTOMATION OF ABATEMENT OF FINE RECOVERY | 01-02-2014 |
20140006255 | REDUCING RISKS RELATED TO CHECK VERIFICATION | 01-02-2014 |
20140006256 | MORTGAGE LOAN DATA PROCESSING SYSTEM AND METHOD FOR A LOAN BROKER | 01-02-2014 |
20140012734 | CREDIT 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. | 01-09-2014 |
20140012735 | Bank Mall - The invention provides a messenger service for businesses as well as consumers that provides delivery and pickup of banking transactions. Additionally, the invention provides the ability to make a deposit at any bank to any other bank. The invention also provides a bank branch location having branches for multiple banking institutions at one location. Additionally, the invention provides a window covering all banks with the Bank Mall establishment possessing proprietary computer software that links to their contracted banks, allowing the Bank Mall to process the transactions. | 01-09-2014 |
20140012736 | CREDIT SERVICES ORGANIZATION TRANSACTIONS - A system and associated methodology are described for staging universal CSO transactions to facilitate loans from lenders to consumers by receiving at a CSO a promise-to-pay record, credit extension agreement and separate personal property asset from a consumer in support of issuing a guaranty of repayment to a lender, and then processing payments from the consumer to obtain payment of principal, interest, and a CSO transaction fee either from consumer payments or from the separate personal property asset upon payment default. | 01-09-2014 |
20140012737 | System 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. | 01-09-2014 |
20140019331 | USING COMMERCIAL SHARE OF WALLET TO RATE BUSINESS PROSPECTS - Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Research analysts can use CSoW/CSoSW to provide a comprehensive and robust indication of the business prospects of a rated company. | 01-16-2014 |
20140019332 | System 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. | 01-16-2014 |
20140019333 | Methods and Systems for Segmentation Using Multiple Dependent Variables - Provided are systems and methods for partitioning of segments in a consumer credit segmentation tree. Segments can be defined based on regression tree analysis. | 01-16-2014 |
20140019334 | Method to Facilitate Credit and Savings - A method to facilitate credit and savings, where that method includes establishing a group setting, establishing an administrator for the group setting, and establishing variables for the group setting, wherein the variables include a risk ranking standard and a number (N) of participants, where (N) is greater than 3 and the risk ranking comprises a credit rating determined by a credit bureau. | 01-16-2014 |
20140025562 | ENHANCED CREDIT REPORTING SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT - A system, method and computer program product cooperate to gather and report information relevant to a consumer's credit that is not typically reported on a credit report from one of the major credit bureaus. By accessing other databases regarding borrower specific financially relevant information (e.g., judgments, liens, rental payment compliance, alternative credit transactions, etc.), enhanced data is available for making better lending decisions. Removal of transactions that would prevent compliance with the Fair Credit Reporting Act is performed, as well as removal of transactions that are erroneous for a particular consumer or include information that are not associated with that particular consumer. | 01-23-2014 |
20140025563 | Online 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. | 01-23-2014 |
20140032391 | System and Method for Real-Time Loan Processing and Loan Fund Deposits - A system and method for processing lending transactions that may facilitate prompt transfer of funds (for example, loan funds) to an individual in a secure manner. An adaptive payment server may receive first identification information, second identification information, and a request for a fund transfer. The adaptive payment server may determine an account associated with the first identification information. The adaptive payment server may authenticate identification of the account based on the second identification information. The adaptive payment server may initiate a deposit of a fund amount associated with he request into the identified account, wherein the fund amount is deposited substantially immediately after the identified account has been authenticated. | 01-30-2014 |
20140032392 | FINANCING SYSTEMS INTEGRATION - The present technology pertains to receiving loan applications, collecting loan applications and sending loan applications to financial partners, receiving loan approvals, identifying customers based on loan application identification numbers, fulfilling property transfer orders using approved loans, and receiving payment from financial partners upon fulfillment. An integrated financing and property transfer management platform for receiving loan requests, routing loan requests, receiving login requests using loan identifiers, processing the transfer of property rights, fulfilling property rights transfers, and receiving payment from financial institutions. Programming interfaces for integrating financial institutions with a property transfer management platform. User interfaces for requesting loans and fulfilling property rights transfers using loans. | 01-30-2014 |
20140032393 | SYSTEM AND METHOD FOR REPORTING AND ANALYZING MORTGAGE INFORMATION - A reporting and analyzing mortgage information system and method include receiving portfolio information from a lender, presenting the lender with predictive modeling and recapture metrics. The system provides for the dynamic definition of data sets and report sets using the received portfolio information and industry-wide recapture metrics. The recapture metrics are derived by matching loan payoff and new loan origination activity. | 01-30-2014 |
20140032394 | PEER TO PEER LENDING USING A MOBILE WALLET - An electronic payment system for peer to peer money lending can receive a lending request from a lendee. The lending request can indicate a requested amount of money. The system can open a loan ticket corresponding to the lendee. The system can then receive the lending amount from one or more lenders indicating the amount the lender intends to lend to the lendee. Once the system determines that the loan ticket amount has been filled, the system can provide the loan ticket amount to the lendee. | 01-30-2014 |
20140032395 | SYSTEM AND METHOD FOR GRANTING A TEMPORARY OVERDRAFT AUTOMATICALLY - A system and a computer implemented method for granting a temporary overdraft automatically are described. In an example embodiment, one or more parameters are associated with a bank account and stored in a computer readable storage medium, the storage medium in operable communication with a processor. On receiving a payment request, the one or more parameters are retrieved and a temporary overdraft is granted to the bank account, wherein an interest rate associated with the temporary overdraft is determined on the basis of the one or more parameters. Further aspects of the system and method described include the linkage of collateral to the bank account, whereby a maximum credit limit for an associated secured temporary overdraft is determined. In an additional aspect, an unsecured temporary overdraft is authorized, contingent on the present value of linked collateral. | 01-30-2014 |
20140040111 | SYSTEMS AND METHODS FOR ANALYZING LOAN ACQUISITIONS - Various embodiments provide for systems and methods for analyzing loan acquisitions by: receiving a loan closing dataset relating to a loan (e.g., through an industry HUD-1 data portal); generating a set of interim analysis results from the loan closing dataset by extracting information from the loan closing dataset (e.g., the HUD-1 form associated with the loan); generating a set of analysis results by evaluating the set of interim analysis results according to a set of analysis rules (e.g., lender or investor rules); and generating a set of scores for the loan based on the set of analysis results. According to some embodiments, the set of analysis rules are configured to evaluate a transfer of interest in the loan (e.g., from a lender originating the loan to a party investing in the loan) for a set of investment risks, and the set of scores represent the set of investment risks. | 02-06-2014 |
20140040112 | Pre-Validation of Orders - Technology is presented that more efficiently calculates a worst case margin requirement for a particular order. The calculated worst case margin requirement is compared to pledged collateral for a particular order to determine if the margin is above the pledged collateral amount. If the calculated worst case margin requirement exceeds the pledged collateral, then the order is not processed (i.e., matched). In determining the worst case margin requirement, several factors may be taken into account including, but not limited to, a scanning risk, an intermonth spread charge, and/or a delivery month spread charge. | 02-06-2014 |
20140040113 | Methods 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. | 02-06-2014 |
20140046827 | SYSTEMS AND METHODS FOR FRAUD DETECTION USING A COOPERATIVE DATA EXCHANGE - A method is provided comprising receiving, at a first node, transactional data associated with a consumer (wherein the first node comprises a processor and a tangible, non-transitory memory), receiving, at the first node, a credit approval request associated with the consumer, wherein the credit approval request is associated with a proposed transaction, determining, by the first node, whether the transactional data conforms with the proposed transaction, and at least one of approving and denying the credit approval request in response to the determination. | 02-13-2014 |
20140046828 | FINANCIAL EVALUATION BASED ON FOREIGN REMITTANCE ACTIVITY - Methods, systems, computer readable media, and apparatuses for establishing and/or altering a consumer's payment performance assessment based on foreign remittance transactions is disclosed. A line of credit may be extended to customers for foreign remittance transactions. Customer information may be received and evaluated to determine whether to extend the line of credit to the customer. Numerical values may be assigned to one or more items of the customer information. If a total numerical value representing the customer information meets predetermined criteria, the line of credit is extended to the customer. The customer's foreign remittance transactions may be monitored and reported to one or more consumer agencies to establish and/or alter the consumer's payment performance assessment. | 02-13-2014 |
20140052604 | SYSTEMS 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. | 02-20-2014 |
20140052605 | CONDITIONALLY PERMITTING ACCESS OF TRACKED GEOSPATIAL LOCATION DATA OF A VEHICLE OF A BORROWER BY A LENDING INSTITUTION - A method includes receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed in the vehicle. The vehicle is associated with a borrower in a loan agreement or a lease agreement with a lending institution. The method also includes permitting a financial entity server associated with the lending institution access to the geospatial location data at the tracking server upon the vehicle exceeding one or more threshold parameter(s) related to the geospatial location data stored thereat and/or the borrower exceeding a threshold parameter related to the loan agreement or the lease agreement stored at the financial entity server. | 02-20-2014 |
20140052606 | SYSTEM AND METHOD FOR FACILITATING PREDICTION OF A LOAN RECOVERY DECISION - A system for facilitating prediction of a loan recovery decision pertaining to a customer of a financial institution is provided. The system comprises one or more databases comprising customer interaction data, customer profile data, and economic data. The system further comprises a Behavioral History Sequence (BHS) module configured to generate behavioral history sequence data associated with the customer. The BHS module generates the BHS data by sanitizing the customer interaction data and classifying the sanitized customer interaction data into predefined categories. The system further comprises a prediction module that is configured to predict payment behavior of the customer based on the BHS data, the customer profile data, and the economic data. The prediction module is further configured to predict the loan recovery decision pertaining to the customer, wherein the predicted loan recovery decision is based on the predicted payment behavior of the customer. | 02-20-2014 |
20140052607 | SECURE PAYMENT SYSTEM USING A MOBILE PHONE, AND PAYMENT METHOD USING SAME - The present invention relates to a secure payment system and method using a mobile phone, wherein a purchaser makes payments using various credit cards and a seller confirms the payments instantly through a payment-receiving terminal, and more particularly, to a secure payment system and method using a mobile phone, wherein: a purchaser accesses a payment system using the mobile phone having a card registered therein and inputs and transmits seller information, a payment, and a password; a payment system recognizes and stores the inputs and extracts necessary information with a view to transmitting same to a credit-card company and a financial institution; and, if approval is granted by the credit-card company and financial institution, an approval number is automatically inputted in a process list of the payment system, and then a short message service (SMS) is simultaneously provided to the mobile phones of the purchaser and of the seller and to a payment-receiving terminal of the seller for payment confirmation. | 02-20-2014 |
20140052608 | MORTGAGE LOAN DATA PROCESSING SYSTEM AND METHOD FOR A LOAN BROKER - An exemplary embodiment 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. | 02-20-2014 |
20140052609 | MORTGAGE LOAN DATA PROCESSING SYSTEM AND METHOD FOR A LOAN BROKER - An exemplary embodiment 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. | 02-20-2014 |
20140058924 | SYSTEM AND METHOD FOR PROVIDING A CREDIT CARD WITH MULTIPLE CREDIT LINES - A system and method for providing a credit card with multiple lines of credit. One of the disclosed methods include, for example, analyzing credit information of a cardholder to determine a level of risk associated with the cardholder; establishing a general purpose credit line based on the determined level of risk associated with the cardholder, the general purpose credit line being set as a revolving credit line; establishing a private label credit line based on the determined level of risk associated with the cardholder, the private label credit line being set as a revolving credit line; and issuing the credit card to the cardholder with the established general purpose credit line and private label credit line. | 02-27-2014 |
20140058925 | APPARATUS, METHOD AND ARTICLE TO AUTOMATE AND MANAGE FORMULA OR ASSET-BASED LENDING IN A NETWORKED ENVIRONMENT - Systems and methods automate and manage electronic exchange in the asset-based lending industry, particularly between borrowers and lenders. Such include automated extraction or import of relevant data, normalization of same; application of various rules and parameters as part of intermediate calculations, and provision of results to the lender, and optionally the borrower. The borrower may review and modify data. Various checks are implemented to ensure data is accurate and lender-specified rules are consistently applied. Rules may be customized per lender, per borrower, per customer, per asset type, and even per asset. | 02-27-2014 |
20140058926 | USING COMMERCIAL SHARE OF WALLET TO MAKE LENDING DECISIONS - Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Banks and lenders can use CSoW/CSoSW to determine who to lend to and who to deny credit to, as well as for pricing loans and other products in a dynamic way. Banks and lenders can also determine which customers should be retained, as well as identify loans which are likely to default. | 02-27-2014 |
20140067649 | METHOD AND APPARATUS FOR PROACTIVE NOTIFICATIONS BASED ON THE LOCATION OF A USER - The location of a user is obtained and, based on the location of the user and services available to, or requested by the user, a notification handler sends appropriate notifications to the user. | 03-06-2014 |
20140067650 | METHODS AND SYSTEMS FOR CONSUMER LENDING - Systems and methods for lending based on automatic retrieval from third-party databases of data for loan qualification scoring factors in the nature of: financial management, leadership, social networking, advocacy, and accountability, and providing investors a borrower credit profile and/or loan qualification score derived at least in part from the scoring factors. A method of dynamic loan pricing, including the steps of: periodically updating an existing borrower's credit profile, and changing the terms of an existing borrower's loan, or making a new loan offering, based on an updating. A method of lending based on automated use of the following loan qualification scoring factors: financial management, leadership, social networking, advocacy, and accountability. Methods and systems for creating fractional units of a loan and offering the units to lenders to create a loan that is the aggregate of multiple subloans (loan subunits) from different lenders. | 03-06-2014 |
20140067651 | HYBRID 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. | 03-06-2014 |
20140067652 | COMMERCIAL CREDIT CIRCUIT - A system is compatible with money and is usable to settle debts and/or for providing liquidity in a marketplace. The system uses standardized claims on future payment in an administrative process to provide a source for settlement of obligations between parties and to extend the period in which cash is not needed as a tool for commerce. This means of exchange can be established and used to introduce tools to have the circulation of local purchasing power inside the management system or region optimized. Using computer and specific formulas and approach allows tagging monetary flows in order to optimize the use of its potentials. | 03-06-2014 |
20140067653 | SYSTEMS AND METHODS RELATING TO CREDIT - The present invention includes an electronic platform where business credit can be created, affiliated, transmitted, redeemed and processed, etc. in connection with multiple redeemers. The present invention includes an electronic platform where business credit can be purchased, sold and/or gifted in connection with multiple redeemers. The present invention also includes an electronic platform where business credit can be accounted for, monitored, and organized, etc. Furthermore, the present invention provides the ability to redeem business credit (including store credit) in connection with multiple redemptions through multiple redeemers, via a single redemption apparatus (e.g., a smart card). | 03-06-2014 |
20140074687 | ASSESSING CONSUMER PURCHASE BEHAVIOR IN MAKING A FINANCIAL CONTRACT AUTHORIZATION DECISION - A method includes: receiving a request corresponding to a prospective customer for a new service contract and/or a product, wherein the request comprises purchaser data specific to the prospective purchaser, and new transaction data; determining historic data for a plurality of past transactions based at least in part on the purchaser data and one or more characteristics of the new service contract and/or the product, the historic data including purchaser data, transaction data, and outcome data; determining, based on the respective outcome data, historic profitability data related to the plurality of past transactions; determining a profitability prediction of the request, wherein the profitability prediction is based on the historic profitability data; determining a profit estimate of the request, the profit estimate based on a cost associated with a subsidization of the new service contract and/or the product; and determining an authorization decision based on the profitability prediction. | 03-13-2014 |
20140074688 | BEHAVIORAL BASED SCORE - A financial interaction related to a set of financial behaviors is facilitated. The financial interaction drives behaviors to affect a real-time credit risk, and the visualization of alterations (increases and decreases) of the credit risk as direct feedback. The system demonstrates how behaviors identified in the financial interaction affect credit risk. Based on the financial interaction, estimates can be made of a financial score and presented in a display. | 03-13-2014 |
20140074689 | Systems and Methods for Modifying Consumer Credit Data - Aspects of the present invention include methods and systems useful for modifying a consumer's credit data. This can be achieved by receiving and analyzing consumer data and a credit goal of the consumer. A simulation can be performed, simulating one or more changes to tradeline data of the consumer and determining if the simulation achieves the at least one credit goal of the consumer. If so, an action plan can be generated, including one or more steps for the consumer to carry out to achieve the at least one credit goal. Credit tradeline data of the consumer can be monitored, and from the observed data, it can be determined if the at least one credit goal has been achieved. If so, aspects of the invention can include notifying a lender that the at least one goal has been achieved. | 03-13-2014 |
20140081832 | SYSTEM AND METHOD FOR BUILDING AND VALIDATING A CREDIT SCORING FUNCTION - This invention relates generally to the personal finance and banking field, and more particularly to the field of credit scoring methods and systems. Preferred embodiments of the present invention provide systems and methods for building and validating a credit scoring function based on a creditor's target information from non-traditional sources using specific algorithms. | 03-20-2014 |
20140081833 | SYSTEMS AND METHODS OF MONETIZING DEBT - According to one aspect, a computer system is provided. The computer system comprising a memory, at least one processor coupled to the memory, an account data interface component executed by the at least one processor and configured to receive account information for accounts owned by a plurality of distinct parties, a scrubbing engine component executed by the at least one processor and configured to identify a plurality of high risk debt accounts described within the account information, and a purchasing engine component executed by the at least one processor and configured to identify at least one high risk debt account of the plurality of high risk debt accounts with an estimated return sufficient to warrant purchasing the at least one high risk debt account. | 03-20-2014 |
20140081834 | SYSTEM AND METHOD FOR ASSIGNING A LINE OF CREDIT TO A CREDIT CARD ACCOUNT - A system assigns a credit limit to an account for a credit card of a card holder based on whether the card holder poses an acceptable risk. The system activates an account for the credit card, assigns an initial credit limit well below a tolerance level to the account, develops credit history data based on account activity during predetermined short intervals of time, evaluates the credit history data after each of the predetermined short time intervals, and determines whether to increase the credit limit of the account based on the evaluated credit history. | 03-20-2014 |
20140081835 | TOTAL 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. | 03-20-2014 |
20140081836 | Processor-Based Systems and Computer-Implemented Methods for Identification, Sourcing, and Acquisition of Distressed Debt - Disclosed herein are processor-based systems and computer-implemented methods for identification, sourcing, and acquisition of distressed debt. At least one embodiment provides amalgamated debt information associated with an indebted entity, which may owe debt to multiple disparate lending entities. Often, debt information involving these lending entities is maintained in a number of unassociated and disparate data sources, to which access may be restricted on a subscriber basis. To provide amalgamated debt information associated with the indebted entity, a computer platform is programmed to carry out at least one of searching and receiving debt information that is associated with the indebted entity and that identifies some or all of the multiple disparate lending entities. The platform is programmed to amalgamate and organize the debt information, and to present the amalgamated-and-organized debt information via a user interface, providing consolidated access to the unassociated and disparate data sources. | 03-20-2014 |
20140089165 | METHOD AND SYSTEM OF APPROVING FINANCING FOR A SALE - Approving financing for a sale. At least some of the illustrative embodiments are methods including: receiving a request to approve a customer for a sale to be paid for with multiple payments over a sales period; collecting financial information of the customer; calculating a value indicative of willingness-to-pay, the calculating by a computer system, where the value indicative of willingness-to-pay is calculated based on a proposed price of the sale and a value indicative of modified income of the customer; and then determining whether the customer is approved for the sale based on the value indicative of willingness-to-pay, the value indicative of modified income of the customer, and the financial information of the customer; and if the customer is approved determining terms of the sale. | 03-27-2014 |
20140089166 | CREDIT REPAIR BY ANALYSIS OF TRADE LINE PROPERTIES - A method for taking appropriate action on a credit report for an individual based on analysis of properties of at least some of the trade lines of the credit report. Upon accessing the credit report, each of at least some of the trade lines in the credit report are processed by 1) identifying one or more properties of the subject trade line, 2) performing one or more removal success rate estimations for similar trade lines having at least one like property compared to the subject trade line, and 3) calculating at least one removability index (e.g., an item removal difficulty index or an item removal speed index) for the subject trade line based on the removal success estimation(s). The calculated removability indices are then aggregated for multiple trade lines, and the course of action for the credit report as a whole is determined based on the removability indices. | 03-27-2014 |
20140089167 | SYSTEMS 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. | 03-27-2014 |
20140089168 | COMPLIANCE REVIEW - One or more devices in a mortgage loan compliance review system may be configured to receive and analyze mortgage loan data, and to perform various mortgage loan compliance determinations and actions based on the mortgage loan data. One or more compliance review computing devices may receive and store multiple sets of mortgage loan data, such as initial sets of customer fee data from one or more Good Faith Estimates (GFEs), and final set of customer fee data from a HUD-1 document, along with along with Change of Circumstance forms and other loan documents. The compliance review system may identify fee differences across different sets of mortgage loan data, compare fee differences to predefined fee tolerances, determine validity of certain customer fees, and calculate customer remediation amounts for mortgage loans. | 03-27-2014 |
20140095378 | SYSTEM FOR APPLYING QUALITY CONTROL TESTS TO TRANSACTION DATASETS - An electronic closing platform facilitates provision of a variety of closing services for lenders, closing agents, borrowers or other parties to closing transactions. Electronic quality control procedures are invoked for closing data and documents whether they are in electronic or paper form. The platform is independently accessible and therefore accommodates data sharing between mortgage industry participants. Electronic signature capabilities, including a batch signing functionality, and tamper evident sealing after signing accommodate improved processing and system integrity. Additional features include registry filing, an electronic vault for storing electronic documents, and electronic recording. | 04-03-2014 |
20140101024 | PREDICTING FINANCIAL OUTCOME - The embodiments provide a system for predicting financial outcome of an order. The system includes a discriminant model training module configured to receive historical orders from a data source and to generate discriminant model parameters based on the historical orders, a discriminant model engine configured to receive at least one order to be analyzed and to calculate a probability for each of a plurality of outcomes for the at least one order to be analyzed based on the discriminant model parameters, and a strategy comparison module configured to calculate an expected business value for at least one strategy based on, in part, the probabilities for the plurality of outcomes to evaluate a risk associated with the at least one order. | 04-10-2014 |
20140101025 | ACCOUNTS WITH MULTIPLE PRE-AUTHORIZATION LEVELS - A system and method of pre-configuring a financial account for later transactions is provided. The system includes an account server, which, after receiving a request to configure an account from an initiator, sends a prompt for identification verification information to the initiator. After receiving the verification information, the server configures the account with limitations based at least in part on the verification information. The server may also send the initiator a secure, compact identification code that can be used for later transactions. These later transactions are checked against the pre-defined limitations associated with the account, and they are processed if they fall within the limitations. | 04-10-2014 |
20140101026 | METHOD AND APPARATUS FOR PREVIEWING CREDIT REPORTING, CREDIT MONITORING, OR OTHER INFORMATION PRIOR TO SERVICE ENROLLMENT - A method includes receiving information over a network from a user device associated with a customer attempting to enroll in a service. The method also includes identifying service-related information associated with the customer. The service-related information includes a subset or summary of information to be made available to the customer after the customer enrolls in the service. In addition, the method includes, prior to enrolling the customer in the service, presenting the service-related information to the customer. The service could include a credit reporting service or a credit monitoring service. The service-related information could include a summary of at least a portion of the customer's credit report, along with a comparison of the summary of at least the portion of the customer's credit report to an average value. | 04-10-2014 |
20140101027 | BUCKET RATE AGGREGATION OF FINANCIAL LENDING APPLICATIONS - Pools of money or loanable funds are created. The pool is assigned certain attributes. People, companies or entities are allowed to apply to the pools of loanable funds as loan applicants. The loan applications are aggregated and forwarded to a lender or creditor or on behalf of the creator of a pool to a lender. The creator can be a lending entity, a company or a person. The pools can be given a combination of characteristics that are considered the current and normal method of expressing loans and credit applications to the public as well as lenders and creditors. | 04-10-2014 |
20140101028 | METHOD AND APPARATUS FOR ENROLLMENT IN CREDIT REPORTING, CREDIT MONITORING, OR OTHER SERVICES - A method includes receiving first information over a network from a user device associated with a customer attempting to enroll in a service, where the first information identifies the customer. The method also includes obtaining security information associated with the customer, where the security information is obtained from a source other than the customer using the first information. The method further includes verifying an identity of the customer using the security information and second information received from the user device. In addition, the method includes, after the identity of the customer is verified, enrolling the customer in the service. | 04-10-2014 |
20140101029 | METHOD AND APPARATUS FOR DETECTING FRAUDULENT LOANS - The present invention relates to a method and apparatus for detecting fraudulent activity by preventing the rapid funding of multiple loans on the same property, by providing a collective database where real estate property information is examined and the apparatus detects whether at least two mortgage applications are using the same property as collateral. | 04-10-2014 |
20140108232 | METHOD AND SYSTEM FOR COMPLIANCE HOSTING - Technology is provided for monitoring mortgagee regulatory compliance using a centralized repository. A centralized repository hosts loan origination software (LOS) using a server. The centralized repository can be accessible to a compliance monitor and a mortgagee. The mortgagee submits mortgagee information into the centralized repository accessible to the compliance monitor and the mortgagee. The mortgagee information includes an effective date. The compliance monitor reviews the mortgagee information for regulatory compliance. The mortgagee records borrower loan information into the centralized repository using the LOS. The compliance monitor retrieves borrower loan information using the LOS. The compliance monitor audits borrower loan information for regulatory compliance. The compliance monitor reports audit results to the mortgagee. | 04-17-2014 |
20140114837 | Systems And Methods For Automated Tenant Screening From Rental Listing Ad - Systems and methods for automated tenant screening from a rental listing ad preferably includes a combination of structure and/or function whereby an internet server has an interface to receive information from and to provide information to (i) an on-line tenant server and (ii) an on-line third party tenant screening server. A memory stores details of at least one rental property. At least one processor is configured to (i) provide to the on-line tenant server one or more web pages showing the stored details of the at least one rental property, in response to an inquiry from the on-line tenant server, (ii) receive from the on-line tenant server a screening request in response to a tenant request made through the one or more web pages, (iii) provide the tenant screening request to the third party tenant screening server, (iv) receive from the third party tenant screening server a screening-result, (v) provide to the tenant server the screening-result through the one or more web pages, and (vi) accept through the one or more web pages a tenant rental application corresponding to the stored details of the at least one rental property. | 04-24-2014 |
20140114838 | FINANCE UTILITY SYSTEM AND METHOD - A method of tracking loans on behalf of a client of a financial services provider is implemented in a system comprising processor(s) configured to execute program module(s). The method includes storing, in a database, first loan data being received from the client and comprising custodian information identifying custodian(s) associated with a loan of the client, receiving a request from the client to reconcile loan data as of a designated date, and storing, in the database, second loan data being received from the custodian(s) and identifying loan(s) associated with the client and the designated date. The method also includes comparing the first and second loan data, and identifying any discrepancies from the comparing. The method further includes transmitting, in a format configured for displaying on an electronic display of one or more of the client and custodian(s), one or more of a result of the comparing and an identified discrepancy. | 04-24-2014 |
20140114839 | SYSTEM AND METHOD FOR ENHANCING CREDIT AND DEBT COLLECTION - A system and method for enhancing assignment of debtor accounts to a plurality of collection parties is presented. The preferred embodiment is capable of optimizing the way by which individual performance entities are assigned to collect on actionable individual debtor accounts by a creditor. An analysis solution uses algorithms to analyze gathered data and to provide a score to each collection party based upon the traits of the individual collection parties, debtor accounts, creditor, externally acquired data, and constraints upon all of the parties involved. The system and method are also capable of enhancing an individual borrower's credit score depending on the risk involved with providing credit to that particular borrower based upon the collectability upon default. One embodiment of the invention would include a risk analysis and compliance assessment system for supply entities to evaluate potential performance entities or other entities. | 04-24-2014 |
20140122321 | METHODS AND SYSTEMS RELATED TO LENDER MATCHING - Lender Matching. At least some of the various embodiments are methods including: receiving, by a computer system, a loan application submitted by a borrower; creating, by the computer system, a lender score for each lender of a group of lenders, each lender score based on information within the loan application and a set of criteria provided by each lender of the group of lenders; sending, by the computer system, the loan application to a predetermined number of lenders of the group of lenders, the lenders to whom the loan application is sent selected based on the lender score of each lender, and the predetermined number being less than all the lenders in the group of lenders. | 05-01-2014 |
20140122322 | 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. | 05-01-2014 |
20140129420 | TELECOM SOCIAL NETWORK ANALYSIS DRIVEN FRAUD PREDICTION AND CREDIT SCORING - A method for scoring a user's propensity for credit fraud includes forming a social graph from Call Detail Records (“CDR”), the users being nodes and weighted edges connecting node pairs representing a relationship between those users. Initial scores are assigned to users. A first user/credit applicant final score is calculated as a sum of all weighted initial scores of users having a degree of separation of n with the first user, along a path of connecting edges on the social graph, each weighted initial score being a product of the weight of the edges connecting the corresponding node pair, the user initial score, and the inverse square of the degree of separation with the first user. The summation of the degree weighted initial scores of users with degree of separation of n or less is the first user's credit-fraud score. | 05-08-2014 |
20140129421 | Method and Apparatus for Searching and Acquiring Whole Loans - My invention provides a single, centralized platform for all banks to exchange whole loans. The platform provides banks with tools to perform these transactions securely, more efficiently, and in a more organized manner, while also giving users more tools with which to evaluate the loans. The tools for offering loans, searching, bidding, and counter-bidding, combined with analytical tools for assessing participant and marketplace performance creates a comprehensive mortgage trading environment which the industry lacks. These tools allow smaller banks to quickly build their Community Reinvestment Act portfolio, while larger banks also profit from the transactions. Trading is accomplished in real time so that all participants can have access to essential information. | 05-08-2014 |
20140129422 | SYSTEMS AND METHODS FOR ISSUING MOBILE PAYMENT CARDS VIA A MOBILE COMMUNICATION NETWORK AND INTERNET-CONNECTED DEVICES - Provided are computer implemented methods and systems for issuing mobile payment cards via a mobile communication network. A mobile payment card may be provided to a user mobile device shortly after applying for the card issuance. A user utilizes his mobile phone to submit the application and enter user authentication information, which is used for calculating his creditworthiness rating. Based on the creditworthiness rating, a user profile is created and sent to a payment card issuing entity that considers the user profile and makes a determination as to whether or not to approve the mobile payment card issuance. In case of approval, the mobile payment card is transmitted to the user mobile device. The mobile payment card may include a payment barcode displayable on a display of the user mobile device. After scanning the displayed barcode by a barcode scanner of the merchant, the mobile payment card may be charged. | 05-08-2014 |
20140136396 | CHARACTERIZING AN INDIVIDUAL USING INFORMATION FROM A SOCIAL NETWORK - Systems and methods for characterizing an individual using social network information are described. In some examples, the systems and methods receive a request to characterize an individual, obtain social network information associated with the individual, characterize the individual, and provide an indication of the characterization to the requestor. | 05-15-2014 |
20140136397 | METHOD AND SYSTEM FOR DETERMINING CREDIT RISK FROM DRIVING BEHAVIOR - Determining credit risk from driving behavior. At least some of the illustrative embodiments are methods including: determining an indication of credit risk related to a driving behavior of a driver in a vehicle, the determining by: detecting movement of the vehicle; collecting data related to the driving behavior of the driver; and creating the indication of credit risk for the driver. | 05-15-2014 |
20140143126 | Loan Analysis And Management System - A computer implemented method and a system for analyzing and managing multiple syndicated loan transaction elements, for example, legal loan transaction documents, bank books, compliance reports, etc., are provided. An information analysis platform (IAP) receives the syndicated loan transaction elements from multiple data sources. The IAP extracts data items from the syndicated loan transaction elements and converts the data items into multiple data fields for enhanced review, interpretation, comparison, and statistical analysis of the syndicated loan transaction elements. The IAP analyzes the syndicated loan transaction elements using the data fields via analytical tools and expert inputs received via a graphical user interface, and estimates one or more factors, for example, impact of structural elements on loss given default, probability of default and pricing, impact of each data field for short and long term changes in default and loss given default assumptions, etc., based on the analysis. | 05-22-2014 |
20140143127 | SYSTEMS AND METHODS FOR PROVIDING SELLER-INITIATED FINANCING IN PRIVATE SALES - Methods and systems are disclosed for providing seller-initiated financing in a sale of an item between private parties. A financial service system configures a financing program to give sellers the opportunity to offer prospective buyers financing directly. The financial service system enrolls a given seller in the program, providing resources and services to the seller to help market the sale and select a credit-worthy buyer. Once the transaction is completed, the financial service system transfers proceeds to the seller, then configures a loan account and payment plan for the buyer. Alternatively, the program can be implemented with an intermediate service provider, such as an online marketplace retailer. The service provider enrolls the seller and assists with marketing and buyer selection, and the financial service system transfers proceeds to the seller and service provider, and configures a loan account and payment plan for the buyer. | 05-22-2014 |
20140143128 | UNSECURED TO SECURED LOAN CONVERSION IN AUTOMOBILE FINANCE - Systems and methods are disclosed for configuring a loan account program to provide buyers of items, particularly automobiles, the full principal of the loan directly into a financial service account. A financial service system receives a request for a loan from a buyer. Following a risk assessment check, the financial service system configures an unsecured loan product for the buyer and transfers the entire financed principal into a financial service account associated with the buyer. Upon confirmation of the purchase and/or satisfaction of other criteria, the buyer's loan account may be converted to a secured loan account product with more favorable terms. | 05-22-2014 |
20140143129 | VERSATILE SYSTEM FOR MORTGAGE PROCESSING - The present invention provides a versatile, automated system for processing mortgages in a convenient, easy and economical manner. The system of the present disclosure provides an operational kernel that consolidates all aspects of applying for, processing, underwriting, and approving a mortgage. The system provides various structures, engines and methods for consolidating all aspects of mortgage application, handling, administration and approval processes within a unified operational environment. | 05-22-2014 |
20140143130 | VERSATILE SYSTEM FOR MORTGAGE PROCESSING - A versatile, automated system for processing mortgages in a convenient, easy and economical manner. The system of the present disclosure provides an operational kernel that consolidates all aspects of applying for, processing, underwriting, and approving a mortgage. The system provides various structures, engines and methods for consolidating all aspects of mortgage application, handling, administration and approval processes within a unified operational environment. | 05-22-2014 |
20140143131 | VERSATILE SYSTEM FOR MORTGAGE PROCESSING - A versatile, automated system for processing mortgages in a convenient, easy and economical manner. The system of the present disclosure provides an operational kernel that consolidates all aspects of applying for, processing, underwriting, and approving a mortgage. The system provides various structures, engines and methods for consolidating all aspects of mortgage application, handling, administration and approval processes within a unified operational environment. | 05-22-2014 |
20140143132 | VERSATILE USER INTERFACE SYSTEM FOR LOAN PROCESSING - The present invention provides a versatile, automated system for processing mortgages in a convenient, easy and economical manner. The system of the present disclosure provides an operational kernel that consolidates all aspects of applying for, processing, underwriting, and approving a mortgage. The system provides various structures, engines and methods for consolidating all aspects of mortgage application, handling, administration and approval processes within a unified operational environment. | 05-22-2014 |
20140143133 | Method and System for Private Association Rating System - A method and system for obtaining a numerical expression based on statistical analysis of the risk, quality and performance of a private association, to represent the creditworthiness and health of that private association. Users of the system can use the resulting score number in assisting with purchasing or investment decisions. | 05-22-2014 |
20140143134 | SYSTEM 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. | 05-22-2014 |
20140149278 | System and Method for Digital Document Management - A method and system for processing an application for a financing product for a user in an electronic financing system, by a) authenticating the user by verifying identification and validation responses presented by the user at a computing device; b) transmitting a passcode to the authenticated user; c) providing a digital agreement document associated with the financing product for display to the authenticated user at the computing device; d) verifying a passcode entered by the user to electronically sign the digital agreement document, against the transmitted passcode; and e) if the entered passcode is verified, registering an approved financing product for the user in the electronic financing system. | 05-29-2014 |
20140149279 | METHOD AND APPARATUS FOR PROCESSING FINANCIAL TRANSACTIONS SUBJECT TO DIFFERENT FINANCING TERMS - A financial payment vehicle, such as a charge or credit card, provides lower financing terms on purchases that meet specified criteria (i.e. a minimum threshold transaction amount, a purchase from a particular industry or at particular merchants, and/or other enrollment qualifications) and further provides standard financing terms for purchases that do not meet the criteria. | 05-29-2014 |
20140156499 | BUSINESS METHODS AND SYSTEMS FOR FACILITATING AND ENSURING ONLINE TRANSACTIONS THROUGH LIVE VIDEO AND AUDIO CONFERENCING AND RECORDING - The present invention relates to a method and a system for facilitating and ensuring online transactions' quality and security, and more particularly to a method and a system for providing an online payment service that uses video and audio recording to facilitate and ensure online transactions. The system comprises a website for customers to interact with a representative from said payment service system and/or view their payment service accounts utilizing a variety of features. | 06-05-2014 |
20140156500 | SYSTEMS AND METHODS FOR PROVIDING A CUSTOMIZABLE CREDIT REPORT - Systems and methods are provided for enabling a user to select the types of data to be included in a credit reporting product, and for generating credit reports that are configured to be dynamically updated with additional data in response to user selections. In some embodiments, data selectable by a user for inclusion in a credit report or other product may include a variety of data not typically found on traditional credit reports. | 06-05-2014 |
20140156501 | REAL-TIME INTERACTIVE CREDIT SCORE IMPROVEMENT COACH - A method and system for providing a credit coaching service for providing real-time recommendations to improve a credit score for a user retrieves credit report data issued from a credit reporting agency for analysis by a processor and initializes datafeeds for accessing in real-time financial transactions by the user from at least one financial source. Corrective actions are determined and alerts transmitted in real-time to the user in response to detection of a real-time financial transaction that adversely affects the user's credit score. | 06-05-2014 |
20140156502 | CONDUCTING A LOAN - Methods and systems are disclosed for conducting a loan, including a construction loan, and fully funding the loan at closing. | 06-05-2014 |
20140156503 | SYSTEMS AND METHODS FOR PROVIDING A CUSTOMIZABLE CREDIT REPORT - Systems and methods are provided for enabling a user to select the types of data to be included in a credit reporting product, and for generating credit reports that are configured to be dynamically updated with additional data in response to user selections. In some embodiments, data selectable by a user for inclusion in a credit report or other product may include a variety of data not typically found on traditional credit reports. | 06-05-2014 |
20140156504 | COLLEGE LOAN FINANCIAL SYSTEM AND METHOD - A method of determining default risk without use of credit score and providing discounted loans includes, receiving from a customer payments put into an account of the customer of a predetermined amount paid periodically over a predetermined time frame, determining default risk based on such received amounts, determining whether the customer qualifies for a discounted loan rate, and providing the customer such loan at discounted rate if the customer qualifies. Apparatus for carrying out one or more of the foregoing steps. | 06-05-2014 |
20140164216 | Financial Instrument and Method for Asset Financing in Stressed Markets - The financial markets for housing or large secured assets can handle failures of payment arrangements of individual properties easily when the asset can be sold under normal market conditions or if the asset is worth more than any outstanding financed portion or loan. However if the borrower can no longer make payments and the market for such assets is unable to support a sale which pays off the principal either the borrower or lender may incur substantial losses. The present invention and method provides means under which both borrowers and lenders can re-finance the asset to provide sustainable payment schedules for the borrower while minimizing real financial losses for both the lender and borrower without any outside capital injection. The present invention further avoids both concepts of moral hazard (rewarding the wrong behavior) and social hazard (avoiding neighborhood blight) by providing lower financial losses and maintain high home asset ownership. | 06-12-2014 |
20140164217 | SYSTEMS AND METHODS FOR PROVIDING A DIGITAL BLANK CHECK - Systems and methods are provided for providing a digital blank check. The systems and methods may include a financial service provider providing loan terms to a customer. The financial service provider may receive, from a customer device, a first loan request relating to an item. The financial service provider may also generate a first offer based on the first loan request and provide the first offer to the customer device. The financial service provider may also receive, from the customer device at a point-of-sale location, a second loan request relating to the item. In response, the financial service provider may generate a second offer based on the second loan request and provide the second offer to the customer device at the point-of-sale location. | 06-12-2014 |
20140164218 | RISK-RELATED SCORING USING ONLINE SOCIAL FOOTPRINT - A solution for analyzing data gathered from an online social footprint and determining a risk-related score is provided. The risk-related score is determined based on available personal data and data gathered from the online social footprint. The risk-related score is generated by applying a predictive model to the data. | 06-12-2014 |
20140172677 | PROVIDING COMBINED ACCESS TO BUSINESS AND PERSONAL CREDIT INFORMATION - The present invention is directed to the combining of personal credit information for an individual and business credit information of a business with which the individual is associated. For example, the invention can provide a website where a user can request to view an individual's personal credit information and the business credit information of a business that the individual owns. In this manner, the user can quickly and easily obtain a more complete view of the financial status of an individual or a business in a single location. | 06-19-2014 |
20140172678 | INSTITUTION SIMULATION - Among other things, a calibrated and tested dynamic simulation model of at least one municipality or institution or commercial entity is operated to generate information that enables the municipality or institution or commercial entity and suppliers of products for development projects of the municipality or institution or commercial entity to engage in execution of development projects that the model demonstrates will enhance the performance and sustainability of the municipality or institution or commercial entity. The simulation model of the municipality or institution or commercial entity is used to monitor and influence the execution of the development projects or ongoing operations and policies of the municipality or institution or commercial entity. Financers of the development projects are provided with information from operation of the dynamic simulation model that demonstrates the performance and sustainability of the municipality or institution or commercial entity and the acceptability of risks associated with the financing of the projects or operations. | 06-19-2014 |
20140172679 | Systems And Methods Of An Online Secured Loan Manager - Systems and methods of an online secured loan manager (“OSLM system”) that facilitates a sponsor network secured lending transaction. The OSLM system allows divided sponsoring and divided lending to create and provide a secured loan product having reduced risk and lower interest rate than an unsecured loan product. The OSLM system processes a loan request from a borrower by creating a sponsor network for the borrower using the borrower's social connections. The sponsor network provides collateral pledges that are used to secure the loan for the borrower. The OSLM system further facilitates funding of the secured loan by matching the secured loan to a lender. | 06-19-2014 |
20140172680 | SYSTEM AND METHOD FOR ACQUIRING AND ADMINISTERING SMALL BUSINESS MERCHANT ACCOUNTS - A method for verifying financial credential, issuing a payment card, and creating a merchant services account includes receiving a prospective account holder payment card application and a set of financial credentials, comparing, by an underwriting element, the financial credentials to a predetermined standard for issuing a payment card, receiving an indication of applying for a merchant services account, confirming, by an evaluation element, that the financial credentials meet one or more predetermined merchant services account standards, if the financial credentials meet the predetermined standards for issuing the payment card, issuing the payment card, and if the financial credentials meet the one or more standards for a merchant services account, creating the merchant services account for the prospective account holder. A system having components for implementing the method and a computer readable medium are also disclosed. | 06-19-2014 |
20140172681 | Process for Verifying Data Identity for Lending Decisions - The disclosure relates to a process for matching the identify of publically available data to a potential borrower for a business loan. Using the process, a lender can utilize publicly available data regarding a loan applicant, verify with some certainty that the data actually corresponds to the loan applicant, and use that data in conjuction with other information to make a lending decision. The disclosure is directed toward loan transactions for small businesses. | 06-19-2014 |
20140172682 | COMBINED PRESENTATION OF CREDIT INFORMATION - The present invention is directed to signing up at a single site to receive both personal credit and business information of multiple related individuals and businesses. For example, the invention can provide a website where a user can request to view personal credit information of a married couple and the business credit information of a business associated with the at least one of the couple. In this manner, the user can quickly and easily obtain a more complete view of the financial status of an individual, a married couple, or a business in a single location. | 06-19-2014 |
20140172683 | LOSS TOLERANCE METHODOLOGY - A method for determining financial risk tolerance for individuals is characterized by the display of portfolio allocations, potential portfolio losses, and demographic comparisons based on a risk score. The visualization of potential losses, which are based on losses to a hypothetical portfolio in a recent downturn market, help an individual better understand his or her comfort level with various investment strategies. This method is of particular benefit to financial advisors for use with their clients so that client specific investment strategies can more easily be formulated. | 06-19-2014 |
20140172684 | System and Method to Utilize Presumptions, Database Information, and/or User Defaults to Calculate Construction Lien, Notice, Bond Claim, and Other Construction Document Deadlines and Requirements - A system and method to calculate construction lien, construction notice, bond claim, and other construction document requirements and deadlines based on system user provided information that may lack identification of critical data, by employing a system and method of utilizing presumptions, preexisting and dynamically building database information, user defaults, and/or other data elements, to supplement user provided information. | 06-19-2014 |
20140172685 | COLLATERALIZED 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. | 06-19-2014 |
20140172686 | USING COMMERCIAL SHARE OF WALLET TO MAKE LENDING DECISIONS - Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Banks and lenders can use CSoW/CSoSW to determine who to lend to and who to deny credit to, as well as for pricing loans and other products in a dynamic way. Banks and lenders can also determine which customers should be retained, as well as identify loans which are likely to default. | 06-19-2014 |
20140172687 | Methods and Systems for Financial Transactions - Relationship banking and mobile banking are discussed and presented here. In Section 1, we present Pre-approval, Fulfillment, and Application Process. In Section 2, we present Financial Products for Protection of Consumers. In Section 3, we present Relationship-Based Score. In Section 4, we present Application of Credit Report for a “Binding” Pre-Approval for Lending Products. In Section 5, we present Deposit Slip Purchase. In Section 6, we present Reducing Frauds on Credit Cards. We also discuss the system and components, with different variations on system and method, or their designs. Sections 7-9 discuss other applications and examples. The relationship-based score for loans and credit lines is also discussed. | 06-19-2014 |
20140180906 | SYSTEMS AND METHODS FOR FACILITATING CREDIT CARD APPLICATION TRANSACTIONS - Various methods are described for facilitating credit card application transactions. One example method may comprise requesting credit card application information from a user. The method may further comprise providing the credit card application information to a credit authorization server for credit approval. Additionally, the method may comprise receiving an indication of credit approval for the user from the credit authorization server. The indication may comprise a graphical representation of credit information. The method may further comprise displaying the graphical representation for use in completing a payment transaction. Similar and related methods, apparatuses, and computer program products are also provided. | 06-26-2014 |
20140180907 | SYSTEM AND METHOD FOR OPTIMIZING COLLATERAL MANAGEMENT - A system for managing collateral allocations in Tri-Party repurchasing agreement(s) includes memory element(s) coupled to processor(s) and configured to store deal attributes including rule sets associated with a lender l, and collateral characteristic(s) for collateral provided by the borrower b that are associated with each of the Tri-Party repurchasing agreements. The system includes at least one collateral allocation module, configured through the processor(s) to optimize auto cash, an amount short, a cost of carry index, and optimize a collateralization index, associated with the Tri-Party repurchasing agreement(s). A similar system includes at least one collateral allocation module, configured through the processor(s) to optimize a settlement index, a collateralization index, and a cost of carry index, associated with the Tri-Party repurchasing agreement(s). Associated methods are also disclosed. | 06-26-2014 |
20140180908 | Method for Mortgage Customer Retention - This disclosure relates generally to a method and system by which mortgage customers are linked to their existing mortgage servicer via an improved Internet process for achieving a mortgage modification, by their existing mortgage servicing institution rather than by a mortgage refinancing with loss of the customer to another servicing institution. | 06-26-2014 |
20140188696 | SYSTEM AND METHOD FOR PROVIDING ACCESS TO AND MANAGING ACCOUNT ACTIVITY FOR AN ONLINE ACCOUNT - A method of providing an account is provided. The method includes receiving identification information associated with a user during a communication session and communicating a request for credit information, the request including at least a portion of the identification information. The requested credit information is received and an account is approved and opened based at least on the received credit information. During the communication session, a request made using the opened account to place a first order to trade a first product is received. A risk value for the first order is determined. One or more current balances for the account are also determined. The method further includes determining whether to approve the first order based at least on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order. | 07-03-2014 |
20140188697 | METHOD 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. | 07-03-2014 |
20140195412 | INCREASED EFFICIENCY FOR UNDERWRITING LOANS - Exemplary method, system, and computer program product embodiments for increased efficiency for underwriting are provided. In one embodiment, by way of example only, collected data obtained from dynamic sections in a web portal is processed, thereby instantaneously underwriting at least one of an available multiplicity of financial products via a decision engine without necessitating the forwarding of the collected data to an external underwriting system. Additional system and computer program product embodiments are disclosed and provide related advantages. | 07-10-2014 |
20140195413 | Unique and revolutionary way of financing - The problem is the loss of economic value of manufactured products over time due to economic forces, wear and tear such as automobiles, electronic devices, structures and other manufactured or assembled products, but it is not taken as a factor in the terms of the loan of which such products were purchased by the consumers. My method called “Cascading Financing” takes into consideration the loss of value of such goods and products and incorporates it in the terms of the loan through the reduction of interest rate every term/year/month the loan is satisfied. Over time “Cascading Financing” will be used in financial transactions to reward the consumer/debtor for the timely payment or satisfaction and of the customer loyalty. It can be spun into other creative forms of financing as long as the basic core of “Cascading Financing” is applied, i.e. reduction of interest rate over the terms agreed upon by parties involved. | 07-10-2014 |
20140195414 | METHOD FOR ESTABLISHING TERMS OF A FINANCIAL TRANSACTION USING PLAYER TRACKING DATA - A method for establishing one or more terms of a financial transaction comprises: receiving a player identifier; retrieving player tracking data provided by a player tracking system; and determining the at least one term based on the player tracking data. In one embodiment, the financial transaction is cashing of a check and the at least one term is a check cashing limit. The player tracking data may comprise of a player rating established by the tracking system or at least one type of player tracking data such as the player's previous bets and/or winnings. Player tracking data may be retrieved by a real-time electronic connection to the tracking system; by periodic exportation from the tracking system and importation into a check cashing system; or by separate retrieval from the tracking system and then manual imputation into the check cashing system for embodiments without an electronic interface to the tracking system. | 07-10-2014 |
20140195415 | SYSTEM AND METHOD FOR FACILITATING THE AMENDING OF SYNDICATED LOANS - A system and method are provided for facilitating the amending of syndicated loans. Authorized users are registered in connection with their respective funds invested in the loan. Fund registration data is received for each fund and includes the fund holding amount and whether the fund is of the single or dual signature type. Authorized users may vote supporting, opposing or conditional with regard to the proposed amendment. A calculation is performed to anticipate the voting outcome before the amendment deadline. If the amendment is anticipated to pass, the conditional votes are converted to supporting votes. Typical embodiments provide for an Internet-enabled interface through which authorized users may enter or change their vote while monitoring the real-time status of the amendment. Agents may be automatically provided fund consents for each fund ending up with a supporting vote in a passing amendment. Funds may be automatically notified of the consent fee earned. | 07-10-2014 |
20140201060 | COMPUTER PROGRAM, SYSTEM, AND METHOD FOR PROVIDING A CONSUMER WITH IMMEDIATE ACCESS TO FUNDS VIA A HYBRIDIZED SECURED LINE OF CREDIT - A hybridized secured credit financial product provides a consumer immediate access to funds corresponding to at least a portion of a line of credit before collateral securing the line of credit is realized. The consumer applies for a secured lined of credit. If approved, the consumer opens a first financial account that is a secured credit account. Collateral to secure the secured credit account is provided via a source of collateral funds, such as a onetime or periodic impending payment, associated with the consumer and deposited into a second financial account associated with the consumer. The consumer is allowed access to at least a portion of the line of credit before the collateral is actually deposited into the second financial account. | 07-17-2014 |
20140201061 | ON-LINE AUTOMATED LOAN SYSTEM - A computerized system for determining whether to provide a loan to a customer who would like to purchase goods from a website of a merchant. The computerized system includes at least one processor, at least one memory, and at least one program stored in at least one of the memories. The at least one program causes the computerized system to respond to a receipt of a notification that the customer is browsing one or more pages of the website by crawling one or more pages of the website to determine the presence or absence of specified features on the pages and providing a decision as to whether or not to authorize a loan to the customer to purchase the goods from the merchant as a function of the presence or absence of the specified features. | 07-17-2014 |
20140201062 | Systems and Methods for Managing a Loan Application - The disclosed embodiments provide systems and methods for managing a loan application. In one embodiment, a method is disclosed that may include identifying one or more unfulfilled conditions associated with a loan application of a customer and sending, to a customer device, a request for a loan application document based on the identified one or more unfulfilled conditions. The method may also include receiving, from the customer device, a responsive loan application document. The method may also include identifying a document type for the responsive loan application document and confirming that the responsive loan application document is a valid document. Finally, the method may also include sending loan application status information to the customer device based on the confirmation. | 07-17-2014 |
20140201063 | FINANCIAL-SERVICE STRUCTURED CONTENT MANAGER - A financial-service system that manages content objects includes a chronicles platform with a chronicle associated with a loan request. A content manager determines a set of content objects to be associated with the chronicle and generates a bucket for each content object of the set of content objects. Each bucket is associated with a name and is configured to receive an associated content object. The chronicle is populated with the generated buckets. An interface that detects a user action and that thereafter receives or generates a content object, which is detected by the content manager and associated with a bucket. The content manager causes the bucket to receive the content object and presents representations of the buckets to a user. Representations of one or more buckets that have received a content object differ from representations of one or more other buckets that have not received a content object. | 07-17-2014 |
20140201064 | SYSTEM AND METHOD FOR VIOLATION ENFORCEMENT UTILIZING VEHICLE IMMOBILIZATION - A system for violation enforcement utilizing vehicle immobilization is provided. The system includes a database configured to store identifying information for a plurality of target vehicles subject to immobilization. The system includes a license plate recognition device configured identify a plurality of vehicles and a geographic locations associated with each vehicle. A data server receives the data identifying the plurality of vehicles and the plurality of geographic locations associated with each vehicle. An output processor is in operative communication with the data server and the database and is configured to process the received data and to compare the received data to the stored identifying information for the plurality of target vehicles. The output processor is further configured to generate and transmit a notification to a recovery vehicle when identifying information for one or more target vehicles matches the identifying information for one or more vehicles in the received data. | 07-17-2014 |
20140207653 | SYSTEM, PROGRAM AND METHOD FOR PROVIDING A SECURED CREDIT CARD COLLATERALIZED BY A TAX REFUND - A system, program and method of providing a secured credit card product to a customer may comprise steps generally relating to preparing a tax return for a customer for a previous year, and determining, based upon the preparation of the tax return, whether the customer is entitled to receive a tax refund. If the customer is entitled to receive a tax refund, offering a secured credit card product to the customer; determining if the customer meets eligibility requirements for the secured credit card product; and receiving the tax refund and using at least a portion of the amount of the tax refund of the customer to provide collateral for the secured credit card product of the customer. | 07-24-2014 |
20140207654 | Methods, 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. | 07-24-2014 |
20140207655 | MULTIPLE 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 accept 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 may more quickly conclude the transaction. In particular, the minimum payments constraints and changes in amounts can be made more intuitive. | 07-24-2014 |
20140207656 | DISPOSABLE PAYMENT ACCOUNT - Methods are provided of processing a transaction between a consumer and a merchant with a disposable financial account. The disposable financial account is created automatically at a financial institution upon receipt of information provided by the consumer requesting creation of the account through an interface with the financial institution. The consumer is provided with information identifying the disposable financial account through the interface. An authorization request for the transaction is received from the merchant over a financial processing network. The authorization request includes the information identifying the disposable financial account and a transaction amount. An approval for the authorization request is returned to the merchant over the financial processing network based on financial parameters of the disposable financial account. Funds are transferred from the disposable financial account corresponding to the transaction amount to control of the merchant. The disposable financial account is automatically closed after satisfaction of a predetermined condition. | 07-24-2014 |
20140214648 | METHODS AND SYSTEMS FOR AUTOMATICALLY GENERATING HIGH QUALITY ADVERSE ACTION NOTIFICATIONS - This invention relates generally to the personal finance and banking field, and more particularly to the field of lending and credit notification methods and systems. Preferred embodiments of the present invention provide systems and methods for automatically generating high quality adverse action notifications based on identifying variations between a declined borrower's profile and that of approved applicants, both with simple and sophisticated credit scoring systems, using specific algorithms. | 07-31-2014 |
20140222654 | SYSTEM AND METHOD FOR PROVIDING ELECTRONIC CLOSING BOOKS TO CLIENTS AT COMPLETION OF SERVICES - The disclosure relates to a method of providing service to a client. The method entails providing the service to the client by a service provider; in the course of providing service to the client, generating a plurality of electronic documents related to the service; storing the plurality of electronic documents in a computer or network system associated with the service provider; transferring the electronic documents to a personalized electronic closing book; and providing the personalized electronic closing book to the client. The personalized electronic closing book may be provided to the client near or after completion of the service to the client. The personalized electronic closing book may include all or the most important documents related to the subject matter associated with the service provided to the client by the service provider. The personalized electronic closing book provides the client an organized and easily-accessible depository of documents generated at the end of a transaction. | 08-07-2014 |
20140222655 | Method and System for Automatic Regulatory Compliance - A system and method implementing an automated database-driven web interface operable to automatically ensure compliance with various laws. A customizable and dynamically-generated information-collection system enables various businesses, including banks, to comply with various laws relating to financial transactions, including the Bank Secrecy Act, the Patriot Act, Dodd-Frank Act, and FATCA. | 08-07-2014 |
20140222656 | Customized credit reporting system - A novel system and method for facilitating the sharing of data between business entities is disclosed. The novel system and method comprises members sharing or submitting certain of their data to a program which identifies overlaps between entities, and presents each member with a list of these other identified members from which the member may choose to receive data. The novel system and method allows each member to receive highly personalized and relevant credit reports, or other reports, concerning their customers, to facilitate intelligent decisions regarding interactions with their accounts. | 08-07-2014 |
20140222657 | Method and Application for Borrowers at Risk for Foreclosure and Participation in Regulated Home Affordability Program - A method to identify potential borrowers/homeowners/applicants who are at risk of foreclosure and determine whether said borrower/homeowners/applicants are eligible for the National Making Home Affordable Program or other regulated loan modification program. | 08-07-2014 |
20140222658 | SYSTEM 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. | 08-07-2014 |
20140222659 | COLLATERALIZED LENDING USING A CENTRAL COUNTERPARTY - A lending machine can include a communications device to receive a first request relating to a first loan transaction. The first loan transaction can include a long or a short Special Repo Futures (SRF) contract where a supply of the asset is below a supply threshold, otherwise the first loan transaction can include a long or a short General Repo Futures (GRF) contract. The communications device can also be configured to receive a second request for a second loan transaction at least partially counter to the first loan transaction. The lending machine can also include a matching device configured to match the first request with the second request. The lending machine can also include a trader device configured to perform a transaction corresponding to the first and the second request. | 08-07-2014 |
20140236806 | VERSATILE SYSTEM FOR MORTGAGE PROCESSING - The present invention provides a versatile, automated system for processing mortgages in a convenient, easy and economical manner. The system of the present disclosure provides an operational kernel that consolidates all aspects of applying for, processing, underwriting, and approving a mortgage. The system provides various structures, engines and methods for consolidating all aspects of mortgage application, handling, administration and approval processes within a unified operational environment. | 08-21-2014 |
20140236807 | System and Methods for Providing Starter Credit Card Accounts - A system and method for providing starter credit card products to selected customers of a credit card issuer is disclosed. Methods, systems and articles of manufacture consistent with the present invention enable a credit card issuer to identify a group of customers that may not eligible to obtain standard credit card products offered by the credit card issuer. The credit card issuer may rank these customers and present offers for starter credit card accounts with adjusted account parameters tailored to these customers. The credit card issuer monitors the activities of each starter card account during a trial period to determine whether each respective account has met predetermined criteria. Based on the results of the monitor process, the credit card issuer may adjust the parameters associated with each starter credit card account. The adjustment may include increasing a credit limit of the starter credit card account if the predetermined criteria has been met, or conversely, restarting the trial period if an account has not met the predetermined criteria during the trial period. Once a starter card account that meets selected criteria during the trial period will graduate and receive new parameters and benefits defined by the credit card issuer. | 08-21-2014 |
20140244476 | CONTINUOUS DIALOG TO REDUCE CREDIT RISKS - A financial interaction related to personal data analytics and behavioral data is facilitated. The financial interaction drives behaviors to affect a real-time credit risk, and provides direct feedback during the financial interaction. The system operates as a personal companion for assisting clients with personal financial decisions as well as personal interactions according to personal data and behavioral data learned about the user. Communications from the system can be initiated to facilitate a conversation according to data learned, such as personal data, user preference data, and behavioral data from different financial transactions. Based on continued interactions with the user, estimates can be made of a financial score and rewards or stimulus can be presented to the user. | 08-28-2014 |
20140244477 | ELECTRONIC CLOSED LOOP FEEDBACK SYSTEM FOR PROCESSING DATA VALUES REPRESENTING PRODUCT FEATURES OF AN ELECTRONIC CREDIT ACCOUNT - A system includes a core server for administration of electronic credit accounts, payment devices for payment and receipt of notifications, and a credit product engine including a credit product database for maintaining credit product data records. Each credit product data record includes a dynamic index of attribute values and associated data values representing product features for the electronic credit accounts. The credit product engine is in communication with the core server over a network. The processor is configured to determine current profile values and target values, activate current data values representing current product features associated with the attribute values in the dynamic index corresponding with the current profile values, monitor activity on the electronic credit accounts by the payment devices including receiving credit data records over the network and dynamically adjust the dynamic index to urge utilization of the electronic credit accounts by the payment devices towards the target values. | 08-28-2014 |
20140244478 | DETERMINING A COLLECTION CATEGORY WITHIN A CREDIT REPORT - Embodiments for determining if collections within a new or existing credit report are correctly and/or incorrectly categorized are disclosed. Embodiments categorize collections within a credit report, transmit a notification with data identifying if a collection is correctly and/or incorrectly categorized, and/or transmit a notification if a credit report includes a collection for a specific category of collections. | 08-28-2014 |
20140244479 | Process for Utilizing Web Data In Making Lending Decisions - The disclosure relates to a process for utilizing web data, primarily obtained from social media websites in lending decisions business loan. Using the process, a lender can utilize publicly available data regarding a loan applicant, and evaluate that data in conjunction with other information to make lending decisions. The disclosure is directed toward loan transactions for small businesses. | 08-28-2014 |
20140244480 | SYSTEMS AND METHODS FOR PROVIDING A USER INTERFACE FOR FACILITATING PERSONAL PAYMENT TRANSACTIONS - Systems and processes are disclosed for providing customized user interfaces for facilitating personal payment transactions. In certain embodiments, disclosed embodiments may generate a dynamic and customized interface for effecting the personal payment transaction by, for example, providing one or more options for the payer to fund the payment. The disclosed embodiments may provide an interface that includes one or more suggested recipients for identifying the payee associated with the payment transaction. The disclosed embodiments may also provide an interface that includes one or more routing options to route the payment. The disclosed embodiments may also provide an interface that provides one or more communication channel options for parties associated with the personal payment transaction to communicate. | 08-28-2014 |
20140249991 | COMPUTER 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” ( | 09-04-2014 |
20140249992 | GUARANTOR MORTGAGES - Systems, methods, and machine-interpretable programming or other instruction products for guarantor mortgages. In particular, the disclosure provides methods, apparatus, and programming product for the processing of improved transfer of monetary value through innovative loan processes. | 09-04-2014 |
20140258082 | CROSS BORDER COMPETENCIES TOOL - According to one embodiment, an apparatus may comprise a memory unit and a processing unit. The memory unit may store loan and tax regulations of a plurality of countries. The processing unit may receive a country designation and a currency designation. The processing unit may determine, based at least in part upon the loan regulations associated with the country designation, at least one service location that is allowed to service a loan according to the currency designation and the country designation. The processing unit may further determine, based at least in part upon the retrieved tax regulations associated with the country designation, a tax withholding on the loan. | 09-11-2014 |
20140258083 | SYSTEMS AND METHODS FOR MICROFINANCE CREDIT DATA PROCESSING AND REPORTING - Systems and methods are provided for processing microfinance-related credit data and generating credit reports based on the processed microfinance credit data. Payment status may be determined for each entry in a payment grid, which may correspond to a payment interval such as, for example, daily, weekly or monthly. Credit reports may be generated with selectable options enabling the user to view at least one other payment grid having entries corresponding to a different payment interval. | 09-11-2014 |
20140258084 | CREDIT REPAIR USER INTERFACE - A user interface that may be used to assist in the generation of a plan to improve a credit score of an individual. The user interface includes multiple trade line matched set visualizations, each set resulting from matching similar trade lines from multiple credit reports from multiple credit bureaus. Each of at least some of the trade line set visualizations is visually associated with one or more controls that may be interacted with by the user (e.g., by the individual about whom the credit reports relate), to select from an action to be performed with respect to the alleged event. The action may be a request to the credit bureaus to verify the information supporting the trade line, even without challenging the truth of the underlying information. | 09-11-2014 |
20140258085 | SYSTEM AND METHOD FOR MANAGING RISK IN WEB-BASED PEER-TO-PEER ROTATING FINANCIAL TRANSACTIONS - A system and method for generating risk management tools for web-based peer-to-peer rotating financial transactions executed by a funding system is disclosed. The risk management tools assist a funding circle organizer in addressing late contribution payments. Additionally, the risk management tools assist the participating parties in default risks when the organizer is the late contributor. In some embodiments, various implementations involving social pressure are applied to address the late payments (e.g. web service platform transparency, Circle score, reminder messages). In other embodiments, resolution options are generated to provide the organizer, and/or participating parties, with specific actions to take in regards to the late contributor (e.g. shift cycle, suspend, cancel, restart, etc.). | 09-11-2014 |
20140258086 | SYSTEM AND METHOD FOR GENERATING A ROTATING FUNDING CYCLE - System and method for generating a rotating funding cycle for a web-based peer-to-peer rotating funding circle executed on a web service platform of a funding system is disclosed. In embodiments, a rotating funding cycle is generated based on a party's selection of criteria associated with the funding circle. Financial transactions between parties within a peer-to-peer funding circle are executed according to the rotating funding cycle. The rotating funding cycle provides an advantage of allowing every party to benefit from a rotating fund on a cycle-to-cycle basis. | 09-11-2014 |
20140258087 | SYSTEM AND METHOD FOR FACILITATING WEB-BASED PEER-TO-PEER ROTATING FINANCIAL TRANSACTIONS - Various methods and systems for facilitating web-based peer-to-peer rotating financial transactions associated with a rotating fund shared among a circle of peers connected within one or more social networks are disclosed. In embodiments, a web service platform executed by a funding system enables a first party to organize a funding circle. The parties participating in the funding circle are invited from at least one social network associated with the first party. The financial transactions associated with the funding circle are pre-approved with one or more electronic payment processing services. As such, the rotating funding system leverages the advantages of automated electronic payment services and social networking services to provide a seamlessly integrated platform for engaging in the peer-to-peer rotating financial transactions. | 09-11-2014 |
20140258088 | Method and System for Providing Loans Based on the Repayment Capacity of a Customer - A method and system for efficiently providing loans based on the repayment capacity of a customer for providing a customer with one or more repayment options for a loan that satisfy a repayment capacity for the customer. The method and system for efficiently providing loans based on the repayment capacity of a customer generally includes calculating a repayment capacity for a customer, providing the customer with a payment card, selecting an item for purchase by the customer from a merchant, requesting a loan from the issuer by the customer, determining if the customer has sufficient repayment capacity, providing the customer one or more repayment options that satisfy the repayment capacity, selecting a repayment option by the customer and transferring funds from the issuer to the merchant for the purchase amount. | 09-11-2014 |
20140258089 | ESTIMATED SCORE STABILITY SYSTEM - In one embodiment, an estimated score stability system provides an approximation of a customer's historical credit scores based on trended data. These estimated credit scores can then be used to track information about a consumer over time. | 09-11-2014 |
20140258090 | VERSATILE SYSTEM FOR REGULATED APPLICATION PROCESSING - The present invention provides a versatile, automated system for processing regulated applications in a convenient, easy and economical manner. The system of the present disclosure provides an operational kernel that consolidates all aspects of applying for, processing, underwriting, and approving a user application subject to regulation. The system provides various structures, engines and methods for consolidating all aspects of application, handling, administration and approval processes within a unified operational environment. | 09-11-2014 |
20140258091 | SYSTEMS AND METHODS FOR AGGREGATING AND MANAGING FINANCIAL SERVICE ACCOUNTS - The disclosed embodiments include methods and systems for providing an aggregated financial service account based on multiple private label financial accounts. In one embodiment, a process is disclosed that may include receiving a first request from a user for a first private label financial account that is usable for purchases associated with a first merchant and approving the first request for the first private label financial account. The method may also include receiving a request from the user for a second private label financial account that is usable for purchases associated with a second merchant and approving the second request for the second private label financial account. In one aspect, the method may also include generating an aggregated financial account based on the first and second private label accounts such that the aggregated financial account may be used for purchases with the first merchant or with the second merchant. | 09-11-2014 |
20140258092 | SYSTEMS AND METHODS FOR ANALYZING FINANCIAL ACCOUNTS AND BUSINESS EFFORTS BASED ON LENDER INFORMATION - The disclosed embodiments include methods and systems for assessing financial account requests. In one embodiment, a method is disclosed that includes receiving a request from a borrower for a first financial account offered by a financial service provider. The method may also include collecting first lender information associated with the borrower and a first lender, where the lender information includes information associated with at least one first lender financial account offered by the first lender. In certain aspects, the method may further include analyzing the request based on the lender information and determining whether to approve the request for the first financial account based on the analysis of the request. | 09-11-2014 |
20140258093 | METHODS AND SYSTEMS FOR SELF-FUNDING INVESTMENTS - Methods, systems and/or computer instructions of enabling the creation and configuration of lending circles for members of organized communities, while optionally maintaining the anonymity of members. | 09-11-2014 |
20140258094 | SYSTEMS AND METHODS FOR DYNAMICALLY PROVIDING FINANCIAL LOAN PRODUCTS - The disclosed embodiments include methods and systems for collecting, managing, and processing business data for lending services. In one embodiment, a lending system is disclosed that may register a small business with a lending service provided by a lending system and receive first small business data from the small business. The lending system may store the first small business data and analyze the first small business data to determine whether the small business qualifies for a loan product provided by a financial service provider. In another embodiment, the lending system may determine, based on the analysis, that additional business data is needed to determine whether the small business qualifies for the loan product. The lending system may further receive second small business data from the small business and analyze the second small business data to determine whether the small business qualifies for the loan product provided. | 09-11-2014 |
20140258095 | COMMUNICATION 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. | 09-11-2014 |
20140258096 | CONSUMER 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. | 09-11-2014 |
20140279378 | MODEL PERFORMANCE SIMULATOR - Model performance measurement in its current state does not take account of a role that strategies play in impacting anticipated model performance. Apparatus and methods are provided that simulate model performance as a function of strategy changes. Apparatus and methods are provided for simulating model performance based on model development assumptions. Traditional model reporting utilizes a mature model performance combined with fully recorded applied strategy change providing reactive model performance analysis after full model performance maturation. For models with not enough time to achieve model performance maturation, a simulated performance metrics such as, a population stability index (“PSI”), Kolmogorov-Smirnov (“K-S”) value or an actual-versus-predicted value (“AvsP”) prior to model performance maturation. The simulated performance metrics may be determined using a model development population and simulating an effect of applying one or more strategy levers to at least a portion of the model development population. | 09-18-2014 |
20140279379 | FIRST PARTY FRAUD DETECTION SYSTEM - The present invention provides, in at least one embodiment, a system, and method for detecting first party fraud. When a fraudulent consumer fills out a current application for a discounted commodity, such as cell phone, the system searches for prior applications with the same or similar (i.e., matching) identity information. Based on these matches (i.e., identity linking keys), the system generates marker variables indicative of first party fraud. For example, markers can be the number of matching applications filed for a commodity within a given time period. Lastly, the system outputs a risk score based on the markers. The risk score represents the chance that the current application represents first party fraud. | 09-18-2014 |
20140279380 | AUTOMATED SEARCHING CREDIT REPORTS TO IDENTIFY POTENTIAL DEFAULTERS - A system comprises a device including a memory with a risk detection application installed thereon, wherein the risk detection application detects strategic defaulters by generating a rule set in response to receiving a search query, the rule set including a plurality of rules that respectively identify strategic default characteristics determined to correspond to a potential strategic default status, each of the plurality of rules having a corresponding weight; accessing a record in a database of loan information; applying the plurality of rules to determine whether the strategic default characteristics are respectively represented in the record; calculating a strategic defaulter score for the record using the corresponding weights for those of the plurality of rules that are determined to be represented in the record; and outputting the strategic defaulter score for the record. | 09-18-2014 |
20140279381 | METHODS AND SYSTEMS RELATED TO AUTOMATIC COLLECTION TECHNOLOGY - Automatic Collection Technology. At least some of the example embodiments are methods including: receiving, at a computer systems of an operations center, information regarding a payment schedule for an asset loan; setting, by a computer system of the operations center, a first disablement date for the asset, the setting based on the payment schedule, and the disablement date set without human involvement; tracking the first disablement date by a computer system of the operations center, the operations center remotely located from the asset; recording information related to a payment made for the asset loan; and then setting, by a computer system of the operations center, a second disablement date in response to the payment, the second disablement date set without human involvement, and the second disablement date based on the information related to the payment made. | 09-18-2014 |
20140279382 | Credit Monitoring and Simulation Aggregation System - A computer-implemented method comprising: determining, by a credit management system, credit information of a user, by: receiving, by the credit management system, account information of the user, with the account information specifying balance information indicative of account balances in one or more financial accounts of the user; and receiving, by the credit management system, debt information of the user, with the debt information specifying balance information indicative of outstanding debts in the one or more financial accounts of the user; and generating, based on the received balance and debt information, a personal credit management proprietary score for the user. | 09-18-2014 |
20140279383 | METHODS AND SYSTEMS RELATED TO LENDER MATCHING - Lender Matching. At least some of the example embodiments are methods including: matching a loan applicant with at least one lending institution, the matching by a lead source service provider server, the matching comprising: providing the loan applicant with a matching software, the matching software for use on a handheld computing device; accepting a loan request from the loan applicant by way of a transmission from the matching software; filtering the loan request using at least one predetermined criteria; matching the loan request with at least one lending institution; and issuing an alert of a match indication to the handheld computing device. | 09-18-2014 |
20140279384 | MONITORING FINANCIAL RISKS USING A QUANTITY LEDGER - The present disclosure describes methods, systems, and computer program products for monitoring financial risks using a quantity ledger. One computer-implemented method includes receiving a contract, wherein the contract includes at least one transaction, parsing the contact to identify the at least one transaction, deriving, by operation of a computer, at least one associated future transaction for the at least one transaction, logging the derived at least one associated future transaction to a quantity ledger, aggregating, by operation of a computer, the logged quantity ledger data to determine the presence of an exposure, and applying at least one rule to determine if an exposure mitigating action should be performed based upon the aggregated logged quantity ledger data. | 09-18-2014 |
20140279385 | SYSTEM FOR RATING REAL ESTATE LOAN QUALITY - Disclosed is a system for assessing the quality of real estate loan and reporting a relative score. Also disclosed are methods of compiling an aggregate of loan data from various data sources and techniques for reconciling and prioritizing conflicting data values. Further disclosed are methods for reassessing loan quality based on a given set of loan data, and a user defined evaluation date for selecting the rules that will be in effect for a given loan quality assessment. | 09-18-2014 |
20140279386 | METHODS AND SYSTEM FOR MINING AND ANALYZING REAL ESTATE INFORMATION - 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 and compute combined loan-to-value (CLTV) scores based at least in part on the identified properties. | 09-18-2014 |
20140279387 | AUTOMATED RISK EVALUATION IN SUPPORT OF END USER DECISIONS - A system comprises a device including a memory with an automated collateral fraud and risk detection application installed thereon, wherein the application evaluates risk in an acquisition in support of end user decisions by accessing at least one database to retrieve documentation corresponding to the acquisition and secondary information corresponding to the documentation, the documentation and secondary information each including data fields; compares the documentation data fields with corresponding secondary information data fields to identify acquisition defects; applies risk heuristics on the acquisition defects to generate a probability estimation for each acquisition defect; and outputs a risk evaluation for the acquisition including a confidence metric based on an aggregation of the probability estimations. | 09-18-2014 |
20140279388 | METHOD, APPARATUS, AND COMPUTER-READABLE MEDIUM FOR ADVANCING PREPAID CREDIT - An apparatus, computer-readable medium, and computer-implemented method for advancing prepaid credit includes receiving a request for an advance of prepaid credit from a subscriber, the subscriber having a subscriber account with a prepaid service provider, determining whether the subscriber is eligible for an advance based at least in part on an assessment of historical data relating to the subscriber account, and authorizing a transfer of prepaid credit from a lender account to the subscriber account based at least in part on a determination that the subscriber is eligible for an advance of prepaid credit and that sufficient prepaid credit exists in the lender account, the lender account storing prepaid credits accepted by the service provider. | 09-18-2014 |
20140279389 | AUTOMATED DETECTION OF UNDERWRITING SYSTEM MANIPULATION - A system comprises a device including a memory with an automated collateral fraud and risk detection application installed thereon, wherein the application detects receives a plurality of sequential underwriting submissions, compares corresponding data fields of each sequential underwriting submission to identify whether the corresponding data fields include inconsistent information, and determines if the inconsistent information is indicative of the underwriting manipulation. | 09-18-2014 |
20140279390 | METHOD AND SYSTEM FOR DETERMINING AN ONLINE LOAN - A computer system includes a processor, memory and one or more inputs. The computer system is programmed to carry out the following process. Data identifying a user applying for an on-line loan is received. A trust rating is determined as a function of the data identifying the user. Data is provided to a user device to present to the user a graphical control having a lower level, an upper level and a pointer moveable between the lower level and the upper level. The computer system selects the upper level as a function of the trust rating. Data is received specifying one or more selections made by the user on the graphical control including the final position of the pointer. A determination is made whether to provide a loan as a function of the data specifying the selections made by the user. | 09-18-2014 |
20140279391 | ACCOUNT MANAGER USER INTERFACE AND GUIDANCE MODEL - Systems and methods are provided that cause a single user interface to be accessible by an account manager, where the single user interface is capable of displaying biographical information about a customer, displaying financial history and information about the customer, displaying a credit bureau summary portion, integrating additional calculators into the user interface, providing an offer result history, providing a banking information indicator, creating decision fields in the user interface that utilize new data sources, and/or providing the ability to present dynamic scripting to the account manager based on account attributes and other attributes and data. | 09-18-2014 |
20140279392 | Systems and Methods for Credit Enhancement for Trade Credit Transactions - Embodiments of the disclosure can include systems and methods for credit enhancement for trade credit transactions. In one embodiment, a method of reducing risk in trade credit transactions can be provided. The method can include receiving an offer to sell a trade receivable from a business; obtaining a credit rating for the business; instructing a sellers cooperative to pay a first portion of a purchase price to the seller, the sellers cooperative comprising small businesses that purchase trade receivables; and instructing a lender to release a second portion of the purchase price held in escrow to the seller after a period of time has passed. | 09-18-2014 |
20140279393 | ELECTRONIC LOAN PROCESSING, MANAGEMENT AND QUALITY ASSESSMENT - Systems, methods, and computer-readable media for performing various automated processing of loan documents are disclosed. The automated processing may include, for example, electronic processing of loan documents, quality assessment processing to determine an accuracy of information included in the loan documents, tracking and management processing to determine quality characteristics associated with a loan package and candidacy for consideration for delivery to one or more intended recipients, and pre-delivery and delivery processing to further confirm or reject a loan package's candidacy for delivery and to prepare the loan package for delivery. | 09-18-2014 |
20140279394 | Multi-Dimensional Credibility Scoring - A credibility scoring system produces a multi-dimensional entity credibility score that is derived from multiple dimensional component scores. The credibility scoring system derives each dimensional component score from a different set of credibility data pertaining to different dimensional aspect of overall credibility. The different dimensional aspects factoring into the overall credibility determination include a stability dimension, transparency dimension, trustworthiness dimension, and sentiment dimension. | 09-18-2014 |
20140279395 | SYSTEM AND METHODS FOR PROVIDING LEAST COST DATA ACQUISITION FOR FINANCIAL DECISIONS - Systems and methods for providing credit decisions using the least cost necessary to access data sources. A lending institution can create custom credit decisioning rules which use only the data needed to grant or deny credit. Credit decision data sources are optimized for cost or likelihood of success to provide the lowest overall cost for the credit query. Embodiments allow for early identification of denial or approval of credit and also for identification of various credit products or packages. | 09-18-2014 |
20140279396 | SYSTEM AND METHOD FOR PROCESSING VECTOR EXCEPTIONS - A system and method in accordance with example embodiments may determine whether or not an item requiring overdraft lending is eligible for the lending. Additionally, a system and method in accordance with example embodiments may receive a request to authorize an overdraft of an item and a first authorization credentials, determine whether or not the first authorization credentials are associated with a lending authority amount greater than the overdraft item request, and generate at least one message to at least one authorized user associated with a lending authority amount greater than the overdraft item request when the lending module determines the first authorized credentials are not associated with the lending authority amount great than the overdraft item request. | 09-18-2014 |
20140279397 | Retrieving Vehicular Collateral via Wi-Fi - An electronic device is installed in a vehicle used as collateral for a loan. The installed device records the location of the vehicle at periodic intervals and whenever the vehicle is stationary. The installed device also searches for and identifies a compatible Wi-Fi node that can forward data to the Internet, and transmits location information through this compatible node. The location information is stored in a central database, where it can be used to form a location profile for the vehicle and predict the vehicle's location based on past history for a given time of day or day of week. If the loan enters a past-due status, the location profile is accessed by users such as the lender, loan servicer, vehicle retriever, and associated users. Upon arriving within the vicinity of a predicted location, vehicles are more precisely located with the aid of a Wi-Fi capable mobile device. The invention also provides for sending commands from a central server to an installed device over Wi-Fi, and canceling previous commands when the vehicle is outside of Wi-Fi communication coverage. | 09-18-2014 |
20140279398 | ABILITY TO PAY CALCULATOR - The disclosed embodiments include methods and systems for collecting, managing, and processing data for lending services. In one embodiment, a computerized system is disclosed that may receive a loan request from a customer, and collect data from the customer and third parties having information about the customer. The system may utilize the collected data in an ability-to-pay (ATP) calculator to determine the customer's ability to pay the requested loan, in addition to the customer's current financial obligations, and considering additional contextual factors. Different selectable versions of the ATP calculator may incorporate different contextual data and non-traditional financial data to provide a customized, accurate determination of the customer's ability-to-pay. | 09-18-2014 |
20140279399 | SYSTEM AND METHOD FOR MATCHING VENDORS AND CLIENTS - A system and method for providing same-day funding to a vendor of a sale from a financial institution including the substantially real-time procedures of applying for funding, processing of the application, and providing same-day funding. The system and methods also including utilizing an open exchange platform for data communication and processing between a vendor system and a financial institution system. The same-day funding including an initial assessment and processing to determine if an application is eligible for same-day funding followed by further assessments and processing of application data where it is determined that the application is eligible for same-day funding. | 09-18-2014 |
20140279400 | COMPUTER IMPLEMENTED METHOD FOR DETERMINING LIENHOLDER IDENTITY AND MAKING A SHORT SALE OFFER - A system and method for identifying a lienholder and making a short sale offer. Examples include a user interface, in which prospective buyers may submit queries to browse listed properties and submit bids and a lienholder determination component configured to ascertain property and lien information. Further examples can include an offer submission interface through which short sale offers may ultimately be submitted. | 09-18-2014 |
20140279401 | SYSTEM AND METHOD FOR ANALYZING INSURANCE-RELATED DATA AND CREDIT-RELATED DATA - A system and method is provided for acquiring and storing insurance-related data, such as insurance payment data, insurance coverage data, and insurance claim data, in a credit data database, coverage data database, and/or claim data database, and analyzing for the creditworthiness of an individual based on the insurance-related data and credit-related data. A credit data record of an individual may be determined, based on received insurance-related data. The insurance-related data may be stored in the credit data database, the coverage data database, and/or the claim data database. In response to a request for a credit risk analysis, the credit-related data and insurance-related data can be retrieved and the credit risk analysis can be performed. Customers can obtain an improved and more accurate risk assessment of the individual based on the credit-related data and insurance-related data related to the individual. | 09-18-2014 |
20140279402 | SYSTEM AND METHOD FOR ANALYZING INSURANCE-RELATED DATA AND CREDIT-RELATED DATA - A system and method is provided for acquiring and storing insurance-related data, such as insurance payment data, insurance coverage data, and insurance claim data, in a credit data database, coverage data database, and/or claim data database, and analyzing for the creditworthiness of an individual based on the insurance-related data and credit-related data. A credit data record of an individual may be determined, based on received insurance-related data. The insurance-related data may be stored in the credit data database, the coverage data database, and/or the claim data database. In response to a request for a credit risk analysis, the credit-related data and insurance-related data can be retrieved and the credit risk analysis can be performed. Customers can obtain an improved and more accurate risk assessment of the individual based on the credit-related data and insurance-related data related to the individual. | 09-18-2014 |
20140279403 | METHODS AND SYSTEMS FOR EXECUTING MOBILE CURRENCY TRANSACTIONS - Exemplary embodiments provide methods, mediums, and systems for carrying out mobile transactions. An exemplary electronic currency message is provided for allowing currency messages to be passed in a secure manner between parties involved in a transaction, even when the networks used to pass the messages are insecure. The currency messages may be used by a transaction protocol that may pass the messages through middleware that allows for connections to multiple different external financial networks. The transaction protocol may create a credit cache on the user's mobile device and/or at the middleware to allow electronic currency transactions to be effected, even if the user's mobile device loses connectivity or power. | 09-18-2014 |
20140279404 | SYSTEMS AND METHODS FOR ASSUMABLE NOTE VALUATION AND INVESTMENT MANAGEMENT - A system and method displaying information about an assumable note for a property's owner, an agent, a mortgage investor, mortgage servicer, mortgage sub servicer, or other stakeholder that is usable to refine an automatic current valuation and scoring of such note is described. The system obtains input from the property owner, mortgage investor, mortgage servicer, mortgage sub servicer, or other stakeholder adjusting at least one aspect of information about the note used in the automatic valuation and scoring of the note. The system then reports to the owner, agent, investor, servicer, sub servicer, or other stakeholder a refined current valuation and/or scoring of the note (the note's so-called, “Propensity to be Assumed”) that is based on the adjustment of the obtained input. | 09-18-2014 |
20140279405 | RESIDENTIAL REAL ESTATE APPRAISAL FORM ANALYSIS SYSTEMS AND RELATED METHODS - Embodiments of form analysis systems are disclosed herein. Other examples and related methods are also presented herein. | 09-18-2014 |
20140279406 | AUTOMATED RISK MONITORING METHOD AND SYSTEM - The invention relates to an automated risk monitoring method and a corresponding risk monitoring system for automated risk monitoring, in the case of which control data for different companies are transferred to a monitoring unit and evaluated, a company specific asset distribution and a corresponding threshold value being determined, said threshold value corresponding to the expected value of the asset parameter for the occurrence of the insolvency of a company, recovery rate factors being determined by means of a standardization module of the monitoring unit, and wherein, using a MonteCarlo module of the monitoring unit ( | 09-18-2014 |
20140289097 | AUTOMATED INFORMATION AND ANALYTICAL LOAN PORTFOLIO MANAGEMENT SYSTEM - The proposed automated information and analytical loan portfolio management system relates to systems intended to make predictive estimates of financial risks and simulate loan portfolio management scenarios. As a result, the efficiency of loan portfolio management increases and risks in managing the assets and liabilities reduce. The system comprises an operator's workstation connected by communication links to a server including: a primary transfer matrix generation subsystem, a portfolio quality characteristics generation subsystem, and external impact factor (macro-factor) generation subsystem, a portfolio scenario characteristics computation subsystem, a funding costs and market risk computation subsystem, and a report generation subsystem. The proposed system allows extending a range of loan portfolio management means. | 09-25-2014 |
20140289098 | System and Method for Analyzing Financial Risk - The invention relates to the development of systems and methods for assessing a particular loan's financial risk due to process variations that have occurred in the underwriting and closing of the loan. The financial risk associated with a particular loan is expressed in terms of a quantitative score (a financial risk score) indicating the probability of the loan being defaulted on. The systems and methods of the invention provide purchasers of loans with a means to predict, in advance of purchasing a particular. loan, the probability of the loan being defaulted on. Lenders who conduct quality control reviews and analyses of denied loan applications, as well as investors who wish to determine the regulatory risk associated with a loan, will also find use for the financial risk score generated by the systems and methods of the invention. | 09-25-2014 |
20140289099 | LOAN STATUS MONITORING SYSTEM AND METHOD - Methods are provided for monitoring an application process. These methods use multiple stages to receive an application on a submission date, set an estimated time for completion for each stage in the application process, and add the total estimated time for all of the plurality of stages to determine an initial estimated application process completion date. These methods can use feedback from multiple stages to continuously update an estimated closing date. | 09-25-2014 |
20140289100 | Method and System for Providing Financing - Methods for financing dealer debt instruments for customers of a dealer are disclosed. One method, among others, an underwriter system that finances a dealer debt instrument based upon at least one of customer information, product information, and transaction information for the dealer debt instrument. The underwriter system may calculate an initial purchase offer, and then adjust the initial purchase offer based at least upon at least one of product information and transaction information. In some situations, the underwriter system may provide a dealer with multiple purchase offers for one debt instrument. | 09-25-2014 |
20140297513 | SYSTEM AND METHOD FOR MANAGING EDUCATIONAL INSTITUTION BORROWER DEBT - A system is disclosed that makes it easy for educational institutions to contact and counsel student loan borrowers to promote successful loan repayment. The system is a web-based tool that automates borrower communication through telephone, letter and email campaigns, using loan information that is obtained through third-party loan servicers by the educational institution and then uploaded into the system. The self-service default prevention tool aggregates loan data form multiple sources in one place to perform borrower outreach, offers targeted communication campaigns to address borrowers in repayment, displays real-time estimated default rate trends, and provides on-demand reports. A dashboard is generated that provides a snapshot of the educational institution's entire portfolio, projected cohort default rates, trending analysis charts, important messages and a history of file imports. | 10-02-2014 |
20140297514 | SYSTEM AND METHOD FOR MANAGING EDUCATIONAL INSTITUTION BORROWER DEBT - A system is disclosed that makes it easy for educational institutions to contact and counsel student loan borrowers to promote successful loan repayment. The system is a web-based tool that automates borrower communication through telephone, letter and email campaigns, using loan information that is obtained through third-party loan servicers by the educational institution and then uploaded into the system. The self-service default prevention tool aggregates loan data form multiple sources in one place to perform borrower outreach, offers targeted communication campaigns to address borrowers in repayment, displays real-time estimated default rate trends, and provides on-demand reports. A dashboard is generated that provides a snapshot of the educational institution's entire portfolio, projected cohort default rates, trending analysis charts, important messages and a history of file imports. | 10-02-2014 |
20140297515 | SYSTEM AND METHOD FOR MANAGING EDUCATIONAL INSTITUTION BORROWER DEBT - A system is disclosed that makes it easy for educational institutions to contact and counsel student loan borrowers to promote successful loan repayment. The system is a web-based tool that automates borrower communication through telephone, letter and email campaigns, using loan information that is obtained through third-party loan servicers by the educational institution and then uploaded into the system. The self-service default prevention tool aggregates loan data form multiple sources in one place to perform borrower outreach, offers targeted communication campaigns to address borrowers in repayment, displays real-time estimated default rate trends, and provides on-demand reports. A dashboard is generated that provides a snapshot of the educational institution's entire portfolio, projected cohort default rates, trending analysis charts, important messages and a history of file imports. | 10-02-2014 |
20140304143 | ELECTRONIC CHECK CASHING SYSTEM - Methods and systems for cashing electronic checks are disclosed. One method includes receiving credential information from a user at an automated system communicatively connected to a checking account information database, and validating the credential information. The method further includes obtaining checking account information from the checking account information database, the checking account information corresponding to a checking account associated with the credential information and having been at least partially previously entered into the checking account information database from a system separate from the automated system. The method also includes receiving a request to cash an electronic check, and determining whether to fulfill the request to cash the electronic check. | 10-09-2014 |
20140304144 | APPRAISAL EVALUATION AND SCORING SYSTEM AND METHOD - A system and related methods for the management and evaluation of real estate appraisals comprising, a method of determining a standardized score representative of the accuracy and quality of a real estate appraisal. Data from the appraisal is extracted and evaluated according to a plurality of compliance and risk based rules applicable to the type of appraisal. Each rule is given a particular weight, and an appraisal score may be calculating by summing each instance of a rule triggered multiplied by the weight assigned to that rule. Weights may be set by experts, or determined by statistical analysis. | 10-09-2014 |
20140304145 | APPRAISAL AND MORTGAGE DOCUMENT EVALUATION AND SCORING SYSTEM AND METHOD - A system and related methods for the management and evaluation of real estate appraisals, broker price opinions, and mortgage documents. The system determines a standardized score representative of the accuracy and quality of a real estate appraisal broker price opinion, or mortgage documents, or combinations thereof. Data is extracted and evaluated according to a plurality of rules applicable to the type of appraisal, broker price opinion, or mortgage document. Each rule is given a particular weight, and a score may be calculating by summing each instance of a rule triggered multiplied by the weight assigned to that rule. Weights may be set by experts, or determined by statistical analysis. | 10-09-2014 |
20140304146 | Systems 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. | 10-09-2014 |
20140310150 | SYSTEMS AND METHODS FOR ESTABLISHING OR IMPROVING CREDIT WORTHINESS - Systems and methods for establishing or improving a consumer's credit worthiness are disclosed. A system for establishing or improving a consumer's credit worthiness may include three or more levels, in which a consumer is provided with increasing financial responsibilities. In a first level, a consumer may be provided with one or more financial tools that enable the consumer to participate in basic financial transactions; for example, transactions involving a general purpose reloadable debit card. In a second level, the consumer may be provided with one or more financial tools that enable him or her to participate in intermediate financial transactions; for example, transactions involving a secured credit card. In a third level, the consumer may be provided with one or more financial tools that facilitate advanced financial transactions; for example, transactions involving an unsecured credit card. An administrator may collect information about a consumer's financial transactions, evaluate the consumer's credit worthiness and manage the types of financial transactions in which the consumer is permitted to participate. | 10-16-2014 |
20140310151 | MANAGEMENT OF A LINE OF CREDIT OR FINANCE-RELATED OFFER - Techniques for providing automated real-time approved financial offers to communication devices associated with users are presented. An open credit exchange platform (OCEP) includes a credit management component that collects personal and financial information respectively associated with users. Financial service providers associated with the OCEP generate approved financial offers, based on the personal and financial information, and assessment criteria of the financial service provider, and provide these financial offers to the OCEP. The OCEP evaluates the financial offers directed to a user and identifies at least a preferred financial offer for presentation to the communication device of the user. If the user decides to accept the financial offer, the user can enter the user's electronic signature on a contract relating to the financial offer via the communication device, and the electronic signature can verify the user's electronic signature, to facilitate creating a legally binding contract. | 10-16-2014 |
20140310152 | SYSTEM AND METHOD 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 credit. | 10-16-2014 |
20140310153 | SYSTEMS AND METHODS FOR MOBILE DEVICE FINANCING - A system or method is provided to allow a payment service provider to implement financing for a purchase of a mobile device by an end user or consumer. In particular, a payment service provider may leverage financial transactions processed through the payment service provider to make a more informed determination or decision related to providing financing to customers. For example, the payment service provider may obtain information about the user through the user's payment account, which includes the user's payment history, purchase history, transaction history, credit history, credit store, cash flow, funding accounts, account balances, and any other information related to the user's financial stability or credit worthiness. The information about the user may be used to determine financing terms for the purchase of a mobile device. | 10-16-2014 |
20140310154 | SYSTEM AND METHOD FOR MANAGING EDUCATIONAL INSTITUTION BORROWER DEBT - A system is disclosed that makes it easy for educational institutions to contact and counsel student loan borrowers to promote successful loan repayment. The system is a web-based tool that automates borrower communication through telephone, letter and email campaigns, using loan information that is obtained through third-party loan servicers by the educational institution and then uploaded into the system. The self-service default prevention tool aggregates loan data form multiple sources in one place to perform borrower outreach, offers targeted communication campaigns to address borrowers in repayment, displays real-time estimated default rate trends, and provides on-demand reports. A dashboard is generated that provides a snapshot of the educational institution's entire portfolio, projected cohort default rates, trending analysis charts, important messages and a history of file imports. | 10-16-2014 |
20140310155 | SYSTEM AND METHOD FOR GROUP FINANCIAL RATE MANAGEMENT - A method of and system for operating a financial-based social network. A financial social network server computer forms a financial social network comprising a plurality of members linked to each other, then generates a financial member profile for each member, then generates a financial network profile based on an analysis of the financial member profiles of the members, then generates a base financial rate of the financial social network as a function of the financial network profile. Subsequently, the financial social network server computer executes a loan transaction with one of the members of the financial social network at a loan rate equal to the base financial rate. | 10-16-2014 |
20140310156 | SYSTEM 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. | 10-16-2014 |
20140310157 | REDUCING 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. | 10-16-2014 |
20140310158 | System and Method of Electronically Perfecting A Premium Finance Agreement - A system and method of electronically perfecting a premium finance agreement (PFA) includes receiving data associated with an agent, the agent representing a potential insured; receiving data from the agent corresponding to at least a down payment for the PFA by the insured; providing the agent with the ability to electronically sign the PFA; and generating an email message to the insured, the email message corresponding with the PFA and the down payment. The system and method also include receiving bank account data associated with the insured; displaying a confirmation of the down payment amount that will be deducted from the bank account; providing a person authorized by the insured the ability to electronically sign the PFA; and electronically debiting the bank account for at least the down payment amount. | 10-16-2014 |
20140316974 | System and Method for Coupling Projected and Actual Energy Cost Savings to Amortized Loans - A computer-implemented method for computing an amortization period for a term loan is presented. The method includes computing a first amortization period such that a first payment is a first predetermined percentage of a first cost savings. | 10-23-2014 |
20140316975 | METHOD AND APPARATUS FOR FACILITATING ONLINE PAYMENT TRANSACTIONS IN A NETWORK-BASED TRANSACTION FACILITY USING MULTIPLE PAYMENT INSTRUMENTS - A method and system for transferring value to a user of a transaction system including receiving from the user a request for value, evaluating the risk involved in providing the value by evaluating information accessible to the transaction system, selectively approving the request for value based on evaluating the risk involved, and distributing the value to the user. The information that is accessible to the transaction system may be stored at the transaction system or separated from the transaction system. The value may include funds, a line of credit, coupons, or gift certificates, and may be distributed over a period of time. The user may be a buyer or a seller. | 10-23-2014 |
20140324670 | CROSS BORDER COMPETENCIES TOOL - According to one embodiment, an apparatus may comprise a memory, a network interface, and a processor communicatively coupled to the memory and to the network interface. The memory may store at least one location-based rule, and store a template. The network interface may receive a message indicating a location associated with a loan. The processor may determine, based at least in part upon the location, at least one location-based rule, and modify the template based at least in part upon the at least one location-based rule to form a second template. The network interface may further communicate a second message comprising the second template in order to provide information associated with the loan. | 10-30-2014 |
20140324671 | Cross Border Competencies Tool - According to one embodiment, an apparatus may comprise a memory, a network interface, and a processor communicatively coupled to the memory and the network interface. The memory may store contact information associated with a plurality of lenders. The network interface may receive a request for a loan, wherein a portion of the loan is to be funded by a first lender, and receive a second request indicating a second lender selected from the plurality of lenders. The processor may determine an offer for a second portion of the loan to be funded by the second lender. The network interface may further communicate the offer based at least in part upon the contact information associated with the second lender. The second portion may not funded by the first lender. | 10-30-2014 |
20140324672 | CROSS BORDER COMPETENCIES TOOL - According to one embodiment, an apparatus may comprise a memory, a network interface, and a processor communicatively coupled to the memory and the network interface. The memory may store information associated with a loan, the information comprising a first date on which the information was generated and a plurality of previous dates associated with a previous loan. The processor may determine, based at least in part upon the first date and the plurality of previous dates, a second date on which the loan is estimated to close, and determine, based at least in part upon the first date and the plurality of previous dates, a third date on which a task associated with the loan should be completed in order for the loan to close by the second date. The network interface may communicate a message indicating the first date, the second date, the third date, and the task. | 10-30-2014 |
20140324673 | Cross Border Competencies Tool - According to one embodiment, an apparatus may comprise a memory, a network interface, and a processor communicatively coupled to the memory and to the network interface. The memory may store information associated with a first loan, the information comprising a competitor product selected to fund the first loan. The network interface may receive a request associated with a second loan. The processor may determine that the first loan is similar to the second loan. The network interface may further communicate, in response to the processor determining that the first loan is similar to the second loan, a message indicating that the competitor product should be offered to fund the second loan. | 10-30-2014 |
20140324674 | SYSTEM AND METHOD FOR IDENTIFYING RELATED CREDIT INQUIRIES - In one embodiment, a method includes receiving a credit inquiry for a monitored consumer. The method further includes performing at least one credit-inquiry analysis on the credit inquiry. The performing yields at least one of a matched creditor from master creditor records and an inferred credit category based on a lexical analysis. In addition, the method includes, responsive to the performing, determining whether the credit inquiry is related to a previous credit inquiry for the monitored consumer. Further, the method includes, responsive to a determination that the credit inquiry is related to a previous credit inquiry, suppressing a credit alert to the monitored consumer. | 10-30-2014 |
20140324675 | COMPUTER-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. | 10-30-2014 |
20140330705 | System and Method for Assembling Credit Data - An interface receives credit data from a plurality of data sources. The credit data comprises customer information. A processor determines a customer identifier associated with the credit data and links the customer identifier associated with the credit data to a customer identifier associated with historical credit data. The processor determines whether the customer information of the credit data is different from customer information of the historical credit data. When the customer information of the credit data is different than the customer information of the historical credit data, the processor updates the customer information of the credit data to match the customer information of the historical credit data. The interface communicates the updated credit data to a plurality of external modules with each external module associated with a credit bureau. The processor updates the historical credit data to include the updated credit data. The interface receives feedback from each external module, wherein the feedback comprises an external credit file report and rejected credit information from the communicated credit data and communicates the feedback from each external module to a data source. | 11-06-2014 |
20140330706 | APPARATUS AND METHOD FOR TOTAL LOSS PREDICTION - A Total Loss Predictor Score assesses the risk of Total Loss of new credit applications by leveraging the most powerful insights from business databases. The Total Loss Predictor Score built on segmentation and algorithms that use the commercial information from business databases, powered by analytics, delivers a unique solution for credit risk management to help business creditors with origination decisions. | 11-06-2014 |
20140330707 | METHODS TO ADVANCE LOAN PROCEEDS ON PREPAID CARDS, ASSOCIATED SYSTEMS AND COMPUTER PROGRAM PRODUCTS - Embodiments of the present invention include systems, computer program products, and associated computer-implemented methods of advancing loan proceeds on prepaid cards. Example embodiments include generating a common interface for loan information when proceeds from the loan are destined for a prepaid card account. As understood by those skilled in the art, the common interface of the embodiments of the present invention is agnostic to the prepaid card processor. Example embodiments include determining the prepaid card processor associated with the prepaid card account from the loan information provided through the common interface and invoking the prepaid processor as one of the plurality of preselected prepaid processors available to post the loan proceeds to the prepaid card account. Example embodiments further include reconciling the information for the approved loan from the underwriter with the information from the prepaid card processor. | 11-06-2014 |
20140337204 | System and Method of Calculating the Pricing of Credit Based on Engagement with a Wellness Programme - A system and method of calculating the pricing of credit based on engagement with a wellness programme includes monitoring the compliance of a person with a wellness programme and storing data relating to the compliance of the person with a wellness programme. The stored wellness data is used as one factor to calculate the pricing of credit wherein the higher the degree of compliance with the wellness programme the cheaper the pricing of the credit. | 11-13-2014 |
20140351115 | LOAN COMPLIANCE SYSTEM - A software method and utility for business practice management based on a prescribed workflow with defined interactions between the users of the system, the clients of the business practice, and information relating to the clients or assets of the business practice. The system facilitates management of assets and human resources, including employees, client accounts, inventory, and records using a modular approach. | 11-27-2014 |
20140351116 | Systems for Using Crowdfunding Funds for a Risk Pairing - Systems and methods for funding a risk pairing of a fundable business and a beneficiary for presentation to investors and crowdfunding backers. The suppliers of funds channel the funds through a crowdfunding portal, or broker, to provide debt to the fundable business. During designated times, all or a portion of the repayments may be returned to the investor by the beneficiary through the crowdfunding portal. This allows the investor to supply funds to the business without the investor directly lending to the business. It also allows the business to borrow funds without a subsequent repayment by the business. | 11-27-2014 |
20140358765 | Consumer Loan Borrower and Lender Customer Matching Plus Automated Decision Pricing Software - Disclosed is a preferred system for automated processing of loan applications. In general, the system features a database with a population of profiles of underlying lenders. Each lender profile in the database has data regarding (1) the underlying lender's consumer loan approval criteria, (2) customer lists, and (3) approved loan pricing criteria. Generally, software within the system matches electronic applications with lender according to profile data. The software determines whether any lender in the database will approve the loan application based on the lenders loan approval criteria. If the application is not approved at any point in the process, then the application is denied by the system. When an application is approved, the software within the system also prices the loan based on the pricing criteria of the approving lender. | 12-04-2014 |
20140358766 | SYSTEMS AND METHODS FOR IMPLEMENTING MERCHANT WORKING CAPITAL - A system or method for implementing working capital for merchants is provided. In particular, a payment service provider may provide working capital to merchants based on the merchant's sales or payment history. For example, based on a merchant's sales or payment history, a close-ended (fixed amount) loan based on expected customer sales, with no fixed duration, no end date, and no interest, is provided to the merchant The “loan” may be viewed as a hybrid cash advance/loan product. Further, the repayment for the loan may be derived from future sales. The payment service provider may monitor sales volume of the merchant based on payment activities at the merchant. Based on the loan term, a portion of the sales revenue of the merchant may be directed for repayment of the loan. Thus, the repayment may be contingent on sales volume to provide the merchant with flexibility in loan repayment. | 12-04-2014 |
20140358767 | METHOD AND APPARATUS FOR CONDUCTING LOAN REPURCHASE TRANSACTIONS - Systems, methods, apparatus, computer program code and means for conducting repurchase transactions include identifying at least a first bank loan held by a first party. The at least first bank loan is transferred to a second party in exchange for a first sum, and the parties agree, at substantially the same time as the parties agree to the transfer, that the first party repurchases the first bank loan at a later date for a second sum. In some embodiments, reverse repurchases may also be performed. | 12-04-2014 |
20140358768 | SYSTEMS, METHODS, AND COMPUTER PROGRAM PRODUCTS FOR SUPPLY CHAIN FINANCE - Systems and methods for providing supply chain financing that include receiving a request to finance an asset of a borrower, where the asset is associated with goods provided by a supplier to a buyer under the control of a supply chain/logistics entity. Attributes of a trade ecosystem of the supplier and/or the buyer are evaluated to determine whether to finance the asset. Financing of the asset is then established based upon the analyzed attributes of the trade ecosystem, where the terms of the financing permit control over movement of goods before and/or after default of the terms of the financing. Information associated with movement of the goods is monitored and analyzed to determine adjustments to at least one of the financing terms based on the information associated with movement of the goods. | 12-04-2014 |
20140365353 | MANAGEMENT OF PARTICIPATION OF MARKET PARTICIPANTS IN A FINANCIAL EXCHANGE - Techniques for managing participation of market participants in a credit exchange and providing automated real-time approved financial offers to communication devices associated with users are presented. An open credit exchange platform (OCEP) includes a credit management component (CMC) that facilitates standardizing financial products to facilitate comparing financial offers from different market participants and identifying a preferred financial offer. CMC also notifies a market participant when its offer is selected by the CMC and/or consumer. CMC tracks performance of financial offers made to consumers by market participants via the OCEP relative to offers by other market participants, analyzes information relating to the tracked performance, and generates analytics feedback information based on the analyzed information. CMC communicates analytics feedback information to a market participant to enable the market participant to evaluate the performance of its financial products and modify its financial products to facilitate improving performance of its financial products. | 12-11-2014 |
20140365354 | VISUALIZATION OF INDIVIDUAL TRUSTWORTHINESS SCORE - Financial behaviors are analyzed for behavioral data to determine financial measures related to a trustworthiness score. A financial communication is facilitated in order to modify one or more behaviors. The financial measures are determined according to the financial behavior data and further information obtained from the financial communication. The financial communication drives behaviors to affect a real-time credit risk, and a visualization of alterations of financial measures and credit risk as direct feedback. The system demonstrates how behaviors and personal data identified affect credit risk. Based on the financial transactions and the communication exchange, estimates can be made of a financial score that comprises the financial measures, and further presented in a display. | 12-11-2014 |
20140365355 | EXPLICIT AND/OR IMPLICIT PERSONAL DATA ANALYSIS FOR BEHAVIORAL BASED SCORE - A financial interaction or communication related to a set of financial behaviors is facilitated. The financial interaction drives behaviors to affect a real-time credit risk, and the visualization of alterations (increases and decreases) of the credit risk as direct feedback during the financial interaction. The system demonstrates how behaviors identified in the financial interaction affect credit risk. Based on the financial interaction, estimates can be made of a financial score and presented in a display. | 12-11-2014 |
20140365356 | Future Credit Score Projection - The current subject matter provides models that enable a projection of credit scores at a specified future date as well as an estimation of a date when a credit score will reach a certain level. Related apparatus, systems, techniques and articles are also described. | 12-11-2014 |
20140365357 | SYSTEMS AND METHODS FOR COMPREHENSIVE CONSUMER RELATIONSHIP MANAGEMENT - A comprehensive consumer relationship management system is disclosed. The comprehensive consumer relationship management system includes dispute resolution, customized data modeling, advertising assistance, and secure communications. By providing value added features, the comprehensive consumer relationship management system may strengthen consumer relationships by, for example, creating detailed data analysis to aid in making business decisions and facilitating secure communications among diverse consumers. | 12-11-2014 |
20140372283 | DISTRIBUTED LOAN UNDERWRITING - In embodiments, methods, storage media, and apparatuses are described that are associated with underwriting of loans. In various embodiments, offers to underwrite a loan may be received by one or more loan underwriters. Assets and/or lines of credit of the loan underwriters may then be encumbered such that, upon a requirement to pay the loan balance to a lender, the loan balance may be automatically taken from these assets and/or lines of credit. Other embodiments may be described and claimed. | 12-18-2014 |
20140379554 | Report Discrepancy Identification and Improvement - Systems, methods, computer-readable media, and apparatuses for identifying one or more discrepancies between a customer credit report or one or more credit report factors and customer information are presented. A comparison of the credit report factors may be performed to identify any discrepancy and corrective measures may be taken. In some arrangements, one or more improvement options may be identified to improve one or more credit report factors of the customer. The options may be provided to the customer. In other aspects, a comparison of various credit report factors of an individual to a group of individuals may be performed. In some examples, the group may be a peer group identified by an entity performing the comparison. In other examples, the group may be identified by the individual, such as from social media associations or based on a variety of other factors. | 12-25-2014 |
20140379555 | METHOD AND SYSTEM FOR AN INTEGRATED APPROACH TO COLLECTIONS CYCLE OPTIMIZATION - Methods and systems are provided for an integrated approach to collections cycle optimization including optimizing personnel, communications, and collection resolutions, resulting in reducing the variability of the collections cycle, reducing instances of foreclosure in collections, while increasing borrower satisfaction with the collections process. Candid ate loan officers are selected based on behavioral attributes, personnel history, and human resources information, among other factors. Scripts that improve the effectiveness of communication between loan collection staff and borrowers are generated. An optimized collection program to best suit the needs of a particular borrower is determined. | 12-25-2014 |
20150012414 | ELECTRONIC MONEY SERVER, ELECTRONIC MONEY PROCESSING METHOD, ELECTRONIC MONEY PROCESSING PROGRAM PRODUCT, AND STORAGE MEDIUM ON WHICH ELECTRONIC MONEY PROCESSING PROGRAM PRODUCT IS STORED - The purpose of the present invention is to provide an electronic money server that supports regular periodic payments using electronic money. On the electronic money server, a payment debt is created in association with an electronic money function section ID (S | 01-08-2015 |
20150019400 | FLEXIBLE PAYMENT LOAN METHODS AND SYSTEMS - Flexible payment loan methods and systems are provided. When approved for a flexible payment loan, a user may skip making loan payments in a set of loan skipping periods without penalty. The set of loan skipping payment periods may be predetermined and may comprise the summer months of July and August. Interest may continue to accrue in the loan skipping periods when the user skips payments. In each review period, the condition of a flexible payment loan is validated. A user may continuously skip payments only if the flexible payment loan is in good standing. | 01-15-2015 |
20150019401 | INTEGRATED CREDIT DECISION PLATFORM - Methods, systems, and computer-readable media for providing an integrated credit decision platform are presented. An integrated credit decision platform may integrate customer data across a variety of areas. For example, a customer may have a credit line, a checking account, a mortgage, or other suitable financial accounts with a financial institution. The integrated platform may make customer data across accounts available during a credit decision. In an embodiment, an organization, such as a financial institution, may receive a credit request from a customer. The credit request may include a request to change the status of the customer's credit with the financial institution. Integrated data may be accessed for the customer. For example, one or more of a checking account balance, a saving's account balance, and credit line, a payment history, and other suitable data may be accessed. A decision whether to grant or deny the customer's credit request may be based on the accessed integrated data. | 01-15-2015 |
20150019402 | SYSTEM AND METHOD FOR PAYMENT PROCESSING, MERCHANT ACCOUNT APPLICATION, AND UNDERWRITING - A system and method for payment processing system account application, payment processing merchant account application, and payment processing merchant account underwriting is disclosed. A system presents a user interface which collects user data for a single application for a several services in a broad class of services. In an embodiment, the single application is appropriate for applying for automated clearing house (ACH) accounts from multiple ACH processors, and credit card accounts from multiple CC processors. Questions are not duplicated on the form, and only one electronic signature is required for all of the relevant application documents. Embodiments include the system performing prescreening of users to detect non-qualified applicants before submission of the application to processors. Embodiments further include selection of processors based on collected information; selection of alternate processors should a user screen out of the initially assigned choice; and automated underwriting and customer boarding for approved applications. | 01-15-2015 |
20150019403 | System, Program Product, and Computer-Implemented Method for Loading a Loan on an Existing Pre-Paid Card - Embodiments of the present invention provide systems, program products, and methods of loading a loan on a pre-paid card. A bank receives authorization from a lender to credit loan proceeds from the lender to an approved borrower on an existing pre-paid card associated with the pre-paid card processor. Next, the bank credits the loan proceeds to the pre-paid card processor for the existing pre-paid card so that the loan proceeds are released to the approved borrower and are immediately available. | 01-15-2015 |
20150019404 | CREDITWORTHINESS DETERMINATION THROUGH ONLINE SOCIAL NETWORK ENDORSEMENTS - Embodiments relate to computer-implemented methods and computing apparatuses for technologically determining a creditworthiness metric for a potential borrower are disclosed. In embodiments, a creditworthiness metric for a potential borrower may be determined based at least in part on endorsements of other parties connected to the potential borrowers via an online social network. In embodiments, users of an online social network may make respective endorsements of other users of the online social network. Respective creditworthiness metrics may be determined based on the endorsements, and/or other factors, such as connections, endorsement values, so forth. Other embodiments may be disclosed and/or claimed. | 01-15-2015 |
20150019405 | SYSTEM AND METHOD FOR BUILDING AND VALIDATING A CREDIT SCORING FUNCTION - This invention relates generally to the personal finance and banking field, and more particularly to the field of credit scoring methods and systems. Preferred embodiments of the present invention provide systems and methods for building and validating a credit scoring function based on a creditor's target information from non-traditional sources using specific algorithms. | 01-15-2015 |
20150019406 | Systems, Methods, Apparatus, And Schema For Storing, Managing And Retrieving Information - Some embodiments include a system, method, apparatus and schema for managing and retrieving information associated with risk. | 01-15-2015 |
20150019407 | GENERATING CUSTOMER-SPECIFIC VEHICLE PROPOSALS FOR POTENTIAL VEHICLE CUSTOMERS - Methods, systems and computer program products for generating customer-specific vehicle proposals based on ongoing vehicle finance pay-off information that may be received from a third party entity and stored in a large database. Embodiments of the invention herein disclosed provide for efficient identification of potential customers based on their current vehicle and the ongoing financial obligation related to the current vehicle. A replacement vehicle is identified and a vehicle proposal, such as a sales or lease proposal, is generated for one or more of the identified potential customers. | 01-15-2015 |
20150019408 | FIRM 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. | 01-15-2015 |
20150026034 | Financial Systems and Methods for Increasing Capital Availability by Decreasing Lending Risk - Some embodiments provide a guarantor system for backstopping all or a substantial portion of a lender's portfolio of loans with an insurance guarantee. The guarantor system builds the insurance guarantee into the covered portion of the lender's portfolio in an integrated manner, whereby the overhead cost for insuring the loans of the portfolio is distributed across the portfolio instead of being distributed individually to each borrower based on the individual borrower's risk profile. Some embodiments also provide various monitoring services to reduce lender risk. These include contacting the borrower to remind the borrower of upcoming payments that are due, conducting a quasi-audit of the borrowers to inform the lenders of a potential risk of default, and establishing a credit profile for the borrower using the information collected as part of the quasi-audit. | 01-22-2015 |
20150026035 | DATA ANALYTICS MODEL FOR LOAN TREATMENT - Data analytics are provided in loan treatment. Various sources of data may be used to optimize or predict value for a loan. Using machine-learning and/or statistical analysis, loans or treatment best suited for a particular borrower may be determined. Due to the large amounts of data available, borrower behavior may be learned from previous behavior of others and mapped to a predictive model. Machine-learning indicates the most relevant factors in loan treatment, providing a matrix for predicting loan value or treatment success. A given borrower may be classified into one of many classes of borrower based on credit information, property information, desired loan information, real estate market information, and/or other data. Tens, hundreds, or even thousands of variables may be used to predict the optimum treatment. | 01-22-2015 |
20150026036 | SYSTEMS AND METHODS FOR MICRO-FACTORING AN INVOICE - Systems and methods for micro-factoring an invoice are provided. A method is disclosed that includes receiving an invoice from a seller to a buyer, wherein the invoice includes an invoice amount; determining an advance amount using the invoice amount and a credit grade of the seller, wherein the advance amount is less than the invoice amount; sending, from the computer, to a payment gateway, at a first time, the advance amount to the seller; receiving, at the computer, from the payment gateway, at a second time, a payment of the invoice amount from the buyer, wherein the second time is greater than the first time; in response to receiving the payment of the invoice amount from the buyer, determining a remainder payment using the invoice amount and the advance amount; and sending, from the computer, to the payment gateway, the remainder payment to the seller. | 01-22-2015 |
20150026037 | SYSTEM, METHOD AND APPARATUS TO PROVIDE A MULTI-CHANNEL RETAIL LAYAWAY SERVICE USING PHYSICAL RETAIL POINT-OF-SALE AND ON-LINE VIRTUAL PAYMENT SYSTEMS - A system, method and apparatus for facilitating a value exchange transaction and virtual payment system to provide retail layaway services. A registered buyer may use an on-line retail channel or a physical retail channel to form a layaway contract. The buyer simultaneously executes a debit and credit transaction at an on-line retail or physical retail channel to purchase one or more ordered items from registered or non-registered sellers while making an initial down payment. The items are then shipped to a secure storage facility for the duration of the layaway contract period making the retail sales final. Upon completion of the terms of the formed layaway contract, the ordered items are shipped from the secure storage facility | 01-22-2015 |
20150026038 | LOAN ORIGINATION SYSTEM - A customizable loan origination technique performed by a computing device including one or more tangible computing elements. The technique includes accepting plural sets of rules for approving or disapproving loans, accepting information related to at least one set of rules of the plural sets of rules from at least one dealer, applying at least the one set of rules to the information to decide whether to approve or disapprove a loan, and providing approval or disapproval of the loan to the dealer. In some aspects, one or more of the rules are based on predefined and/or customized parameters. Also, systems configured to perform the technique. | 01-22-2015 |
20150026039 | SYSTEM 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. | 01-22-2015 |
20150026040 | METHOD AND SYSTEM FOR SECURE ONLINE PAYMENTS - Methods and devices are provided for secure online payments. In one embodiment, the method may involve receiving log-in information for a user. The method may involve accessing data regarding open credit card accounts for the user from a credit card grantor/issuer and/or a credit information entity (e.g., a credit bureau), in response to the received log-in information matching stored authentication information. The method may involve sending secure account information about the open credit card accounts to at least one network entity (e.g., a registration server, a user device, or a merchant server). The method may also involve, in response to the user selecting a given one of the accounts from the secure account information, determining whether sufficient credit is available for the selected given account and processing a transaction with the selected given account. | 01-22-2015 |
20150032598 | SYSTEM AND METHOD FOR GENERATING A NATURAL HAZARD CREDIT MODEL - 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 early payment default risks, and natural hazards risks on loan applications. One embodiment includes a computerized method that includes creating a combined risk detection model based on a default and natural hazards 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 the different types of risks individually and collectively detected by the plurality of risk detection models. | 01-29-2015 |
20150039490 | SYSTEMS AND METHODS FOR PROVIDING USER-CONTROLLED AUTOMOBILE FINANCING - Methods and systems are disclosed for providing approved financing in advance of a purchase to a buyer of an item, such as an automobile, and allowing the prospective buyer to maintain control over the financing throughout the sales process. According to disclosed embodiments, a financial service system configures a financing website for the buyer, and receives personal information as well as information relating to the desired item. The financial service system approves loan parameters for the buyer, and provides the user with a link to access the financing website on a mobile device while at a dealership. Financing parameters can thus be edited throughout the process until the final sales agreement, providing the buyer with confidence and flexibility in the buying process. | 02-05-2015 |
20150039491 | FINANCIAL-SERVICE STRUCTURED CONTENT MANAGER - A financial-service system that manages content objects includes a chronicles platform with a chronicle associated with a loan request. A content manager determines a set of content objects to be associated with the chronicle and generates a bucket for each content object of the set of content objects. Each bucket is associated with a name and is configured to receive an associated content object. The chronicle is populated with the generated buckets. An interface that detects a user action and that thereafter receives or generates a content object, which is detected by the content manager and associated with a bucket. The content manager causes the bucket to receive the content object and presents representations of the buckets to a user. Representations of one or more buckets that have received a content object differ from representations of one or more other buckets that have not received a content object. | 02-05-2015 |
20150046317 | Customer Income Estimator With Confidence Intervals - Data is received that characterizes at least one of credit, financial, and demographic data for a consumer. Thereafter, estimated income is determined for the user. Using the estimated income and the data, a second income level for the consumer is determined also using a confidence interval model and a pre-defined confidence threshold Ci. The second income level for the consumer is less than the determined estimated income and is determined such that actual income for the consumer is Ci % likely to exceed the second income level. Data can then be provided that characterizes the second income level. Related apparatus, systems, techniques and articles are also described. | 02-12-2015 |
20150046318 | POPULATION OF APPLICATION - Methods and systems for populating an application are described. Data for an application is accessed, including transactional data associated with a user from a computerized database in a system. Systems and methods operate to automatically populate a financial application data structure in a computer using the transactional data stored in the computerized database. In an example, these systems and methods operate to determine a lending decision by the institution on the transactional data without purchasing a third party credit score. In an example, a financial notification is triggered using the automatically populated financial application data structure. | 02-12-2015 |
20150052040 | Transforming Debt Assets - Techniques for transforming debt assets are disclosed. The techniques involve recording, by one or more computers, a transfer of a proprietary right in debt assets from a first party type to a legal trust, executing, by the one or more computers, a mathematical model to assess risks associated with the debt assets, determining, based on the assessed risk, terms for issuance of an obligation granting the first party type a right to use assets in the legal trust as collateral for one or more transactions, and recording, by the one or more computers, issuance of the obligation to the first party type. The first party type is a lender of the debt assets to a second party type. The obligation is issued in response to the transfer of the proprietary right in the debt assets. | 02-19-2015 |
20150052041 | METHOD, SYSTEM, SERVICE, AND COMPUTER PROGRAM PRODUCT FOR VERIFICATION AND DELIVERY OF EMPLOYMENT AND INCOME INFORMATION - A technique of employment and income verification for making a lending decision is disclosed that does not require requesting manual employment and income verification and performing a manual comparison of the results of such verification to payroll documents provided by the borrower. The borrower provides authentication information (e.g., login credentials), which a verification service utilizes to obtain the borrower's employment and income information from a payroll provider. The verification service delivers verified employment and income data and payroll documents to the lender, which can be provided securely in a tamper proof form. Techniques to provide privacy protection for the borrower may include a privacy protection protocol. Additionally, a certificate of authenticity may be provided to the lender. | 02-19-2015 |
20150052042 | METHOD, SYSTEM, SERVICE, AND COMPUTER PROGRAM PRODUCT FOR VERIFICATION AND DELIVERY OF A BORROWER'S ASSETS AND DEPOSITS INFORMATION - A technique of assets and deposits verification for making a lending decision is disclosed that does not require requesting manual assets and deposits verification and performing a manual comparison of the results of such verification to financial statements provided by the borrower. The borrower provides authentication information (e.g., login credentials), which a verification service utilizes to obtain the borrower's assets and deposits information from a financial institution. The verification service delivers verified assets and deposits data and financial statements to the lender, which can be provided securely in a tamper proof form. Techniques to provide privacy protection for the borrower may include a privacy protection protocol. Additionally, a certificate of authenticity may be provided to the lender. | 02-19-2015 |
20150058197 | NETWORKING 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. | 02-26-2015 |
20150066737 | SYSTEMS AND METHODS FOR OPTIMIZATION OF A FINANCIAL TRANSACTION - A method of determining a structure for financing a consumer product through a computer implemented process according to one embodiment comprising the steps of: receiving one or more fixed inputs including a monthly payment value and a down payment value; calculating a plurality of potential financial structures for the consumer product based upon the monthly payment value and the down payment value; and determining from the plurality of potential financial structures, a financial structure that provides a greatest profit for a seller of the consumer product. | 03-05-2015 |
20150066738 | SYSTEM AMD METHOD FOR DETECTING SHORT SALE FRAUD - Computer-based systems and methods are disclosed for modeling and predicting short sale fraud risks for short sale transactions related to real estate properties. In some embodiments, the systems and methods can predict short sale fraud risks for real estate properties by considering a variety of factors, including AVM analytics characteristics, relationship analysis characteristics, and/or marketing analysis characteristics. | 03-05-2015 |
20150066739 | ADAPTIVE CREDIT NETWORK - Embodiments of the present invention provide a system and method for the use of communications networks and preference information to automate the accumulation, processing, and summarization of business credit data pertaining to one or more subject businesses. | 03-05-2015 |
20150066740 | System and Method of Electronic Exchange for Residential Mortgages - A method and system for providing anonymous credit qualification and price negotiation, comprising: receiving, at a server computer, at least one application for at least one borrower, the at least one application comprising qualification data relating to the at least one borrower, supplementing the at least one application with third-party data relating to the at least one borrower, creating, for each of the at least one borrower, a complete borrower profile comprising information relating to each of the at least one borrower, and creating, for each of the at least one borrower, a universal borrower profile, wherein the Universal Borrower Profile comprises anonymous information selected from the complete borrower profile associated with each of the at least one borrower. | 03-05-2015 |
20150073975 | METHOD AND SYSTEM FOR THE ISSUANCE OF INSTANT CREDIT - A method and system for the issuance of Instant Credit has an Instant Credit engine that performs instantaneous analyses. The method and system can operate along side existing “batch” processes. In addition, the method and system offer various channels of distribution for the Instant Credit products. With the present invention, Instant Credit and other Instant services (e.g., instant account balance transfers, etc.) can be obtained via, Internet, point-of-sale and other distribution channels. The present system also enables highly dynamic product offerings, which can be generated “instantaneously” based on a variety of factors, such as, for example, the channels of distribution (e.g., telephone or Internet), the product sought and/or even the particular individual and/or entity that is applying for a line of credit. | 03-12-2015 |
20150073976 | Correcting Errors in Mortgage Applications - Methods, systems, and products determine a cost to correct mortgage applications. When electronic data is submitted in an electronic mortgage application form, the electronic data is checked for errors. If an error is determined, a cost to resolve the error is also determined. | 03-12-2015 |
20150073977 | MERCHANT TRACKING AND ANALYSIS TOOL - Transaction data is processed using a store number that is associated with a merchant. By analyzing sales of a merchant by store, a financial institution can better assess the financial health of a merchant. The financial institution can subsequently evaluate different value propositions that may be offered to the merchant or a consumer. The store numbers are extracted from the transaction entries so that a performance metric can be determined by store locations of the merchant. Consequently, the financial institution can determine the financial health of the merchant based on individual stores rather than on the total sales of the merchant. Different value propositions can be offered by the financial institution to a merchant or a consumer of the merchant based on an analysis of the transaction data. Transaction data for different merchants and different geographic areas can be compared to identify potential customers for the financial institution. | 03-12-2015 |
20150073978 | PROCESSING 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. | 03-12-2015 |
20150081518 | SYSTEMS AND METHODS FOR AUTOMATED WAGE ASSIGNMENTS - A method for automated wage assignments is described. A wage assignment compliance level is obtained from an entity. The wage assignment compliance level is stored in a database. The wage assignment compliance level is recalled from the database in response to a request. A response to the request is sent indicating the wage assignment compliance level of the entity. | 03-19-2015 |
20150081519 | DYNAMIC PRICING FOR FINANCIAL PRODUCTS - An aspect of product pricing includes classifying customers into groups based on shared, predefined characteristics and financial transactions, and identifying services rendered and available but not rendered. For each customer, a risk associated with a service is estimated; availability and prices of the service by third parties are determined; a price for the service set by the entity is compared with the prices set by the third parties; and a demand for the service of the entity is estimated as a function of the availability and prices of the service by the third parties. For each customer, a probability that the customer will purchase the service is estimated based on the demand, and a price for the service that is customized for the customer is calculated, as a function of the risk, the demand, and the probability of purchase, and in view of a target profit and/or target revenue. | 03-19-2015 |
20150081520 | ANALYTICS-DRIVEN PRODUCT RECOMMENDATION FOR FINANCIAL SERVICES - An aspect of product recommendation processes includes classifying customers into groups based on commonly shared, predefined characteristics and common financial transaction activities conducted. For each service offered, the product recommendation processes include estimating a cost of recommendation of the service; and estimating, for each of the customers in a group, a transaction risk of providing the service. For each group, the product recommendation processes include: identifying services available that are not rendered; estimating, based on economic health data associated with the corresponding customers, a probability of an acceptance by the corresponding customers of an offer for available services; estimating a profit based on historical profit data acquired from results of rendering the service to the customers of the group; and selecting a subset of the available services to offer the customers as a function of the cost of recommendation, the transaction risk, the probability of acceptance, and estimated profit. | 03-19-2015 |
20150081521 | SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR MANAGING CREDIT APPLICATION DATA - Provided are methods, systems and computer program products of aggregating data with minimal data entry to create, format, share, merge, securely store, update, and display affordability with reason of a credit application on a mobile device and website. Such methods, systems and computer program products may be directed to gathering all of the data for an application for the user. | 03-19-2015 |
20150081522 | SYSTEM AND METHOD FOR AUTOMATICALLY PROVIDING A/R-BASED LINES OF CREDIT TO BUSINESSES - A method and system for providing liquid funds to a business, the method comprising the business issuing an accounts receivable (AR) invoice to a client, the AR invoice requesting payment of a total amount charged, the business registering with a funder for an automatically underwritten fund provision service, the business requesting liquid funds from the funder, the liquid funds having a value determined by the total amount charged on the AR invoice, and the business receiving requested liquid funds from the funder. | 03-19-2015 |
20150088727 | METHOD FOR DETERMINING CREDITWORTHINESS FOR EXCHANGE OF A PROJECTED, FUTURE ASSET - Methods and systems for extending credit to a business borrower and, more specifically, methods and systems for estimating future receivables for the borrower based on historical business data and exchanging the estimated future receivables for an early payment and, more preferably, for an early payment by a customer of the borrower. | 03-26-2015 |
20150088728 | METHOD AND SYSTEM FOR MANAGEMENT OF LOANS - A computerized information management system involving a client-server architecture. A memory comprises instructions for: storing information on each of several loans, wherein each loan is issued by a financial institution and received by a business actor, wherein the information on each loan comprises support provided to the financial institution and one or more obligations imposed on the financial institution, wherein the one or more obligations are imposed in exchange for the provided support; and retrieving some or all of the stored information in response to one or more requests from a client; and for using the retrieved information to check compliance with the imposed obligations. The obligations may include installment-free years of loans. As a result, businesses may retain more of the loan as operating capital, thus enhancing business activity, employment and tax payment. | 03-26-2015 |
20150095210 | MERCHANT LOAN MANAGEMENT AND PROCESSING - Methods and systems are provided for determining creditworthiness, such as for online merchants. For example, a system can comprise one or more memories that store sales performance information regarding an online merchant. One or more hardware processors can be in communication with the one or more memories and can be operable to access the sales performance information in the one or more memories. The one or more hardware processors can be further operable to determine, at least in part from the sales performance information, a creditworthiness of the online merchant. | 04-02-2015 |
20150095211 | SYSTEM AND METHOD FOR PROVIDING LOAN ANALYTICS TO CUSTOMERS - Systems and methods are disclosed that can enable a user to search for real estate properties by specifying search criteria that may exclude personal information. The systems and methods then can subsequently conduct a search for real estate property listings based partly on the specified search criteria and access loans associated with the matched properties. The system and methods then can perform analysis of the loans to identify loan and consumer characteristics and generate an electronic report that includes a representation of the loan and consumer characteristics. | 04-02-2015 |
20150095212 | FINANCIAL DATA RANKING SYSTEM - A system for providing financial ranking of financial transactions can be used for such business endeavors as ranks lease or purchasing property. The ranking system server compares financial data to industry information in order to transform financial data and industry information to a rank by establishing numeric benchmark values and to derive a ranking with regard to financial factors related to the business transaction. Further modification of the ranking may occur by looking at the structure the contract, such as lease in order to provide a tenant/industry/lease ranking. | 04-02-2015 |
20150100473 | CREDIT THROUGH UNSTRUCTURED SUPPLEMENTARY SERVICE DATA - Methods and systems for providing credit through USSD are described. A user dials a short USSD code onto his or her mobile device, and is prompted to enter an authentication code to confirm his or her identity. Once authenticated, the user is presented with a USSD menu that includes an option to pay with credit. The user chooses this option, and is prompted to enter an amount for the credit. The service provider checks the credit score of the user, and approves or denies credit based on the score. When the credit score is acceptable, the user is asked to enter the merchant ID for the store and to confirm checkout. The amount for the purchase is then transferred to the merchant by the service provider. | 04-09-2015 |
20150100474 | INTERNET ROSCA DATA PROCESSING METHOD - An Internet Rosca data processing method, including the following steps executed by a server: (A) receiving a plurality of first instructions transmitted by a plurality of user terminals so that a plurality of members are added into a Rosca set that includes a plurality of Rosca groups; (B) classifying the plurality of members as loan benchmark members and investment benchmark members according to the plurality of first instructions, account information of the plurality of members stored in a storage module, and winning bid information and bidding information in the first Rosca group of the Rosca set that are stored in the storage module; and (C) adding the loan benchmark members and the investment benchmark members into a second Rosca group according to a predetermined percentage to obtain all members of the second Rosca group. | 04-09-2015 |
20150100475 | SYSTEM AND METHOD FOR MANAGING PAYDAY ACCOUNTS OVER A MOBILE NETWORK - Exemplary systems and methods of the disclosure are directed to managing payday accounts over a mobile network. The system includes at least one mobile computing device and at least one host computing device. The mobile computing device is associated with a customer and configured to retrieve customer account information from the host computing device over the network. The mobile computing device generates a customized payday product menu based on the customer account information. The customer account information indicates a status of active payday accounts for the customer or the customer's eligibility for opening new payday accounts. | 04-09-2015 |
20150106257 | METHOD AND SYSTEM FOR VALIDATING MULTIPLE DOCUMENTS ASSOCIATED WITH A MORTGAGE APPLICATION - A method for validating multiple documents associated with a mortgage transaction, comprising: using a processor, applying a first rule to first and second mortgage document information to determine first and second values, respectively, and from the first and second values whether the first and second mortgage document information are valid; when the first and second mortgage document information relate to mortgage application related documents of a same type, applying a second rule to the first and second values to determine an aggregate value; when the first and second mortgage document information relate to mortgage application related documents of a different type, applying a third rule to the first and second values to determine the aggregate value; and, applying a fourth rule to the aggregate value to determine whether the aggregate value is valid. | 04-16-2015 |
20150106258 | ELECTRONIC LOAN PROCESSING, MANAGEMENT AND QUALITY ASSESSMENT - Systems, methods, and computer-readable media for performing various automated processing of loan documents are disclosed. The automated processing may include, for example, electronic processing of loan documents, quality assessment processing to determine an accuracy of information included in the loan documents, tracking and management processing to determine quality characteristics associated with a loan package and candidacy for consideration for delivery to one or more intended recipients, and pre-delivery and delivery processing to further confirm or reject a loan package's candidacy for delivery and to prepare the loan package for delivery. | 04-16-2015 |
20150112853 | ONLINE LOAN APPLICATION USING IMAGE CAPTURE AT A CLIENT DEVICE - A user device, for example a smart phone, is used to apply for an online loan. The user device includes a camera which allows the user to capture an image of a document in the possession of the user. The image is transmitted to a remote computer system which carries out an automated loan decision making process to determine whether to provide an online loan to the user as a function of, inter alia, the image of the document. The automated loan decision making process can use the image to determine information about the user of the device who is requesting an online loan. The user device determines when to capture an image of the document when it is properly positioned within the frame of the camera and/or as a function of when it is properly focused in the frame of the camera. | 04-23-2015 |
20150112854 | Method of Automating a Business Loan Life Cycle - A method and computer-implemented method for loan consideration including the steps of: (a) obtaining financial data regarding a loan requester from a plurality of digital media sources, the financial data including tax data; (b) analyzing the financial data to make an affordability and risk assessment (AARA) for granting a loan to the loan requester, the AARA including calculating, at least from the tax data, a forecasted amount of unencumbered capital to be available over at least a portion of a term of said loan (i.e. by calculating an amount of historical unencumbered cash flow, which is then forecasted by the system into the future) after capital expenditure is estimated and current outstanding loan/debt repayments are deducted from the estimate; and (c) deciding whether to grant the loan based on the AARA. | 04-23-2015 |
20150120527 | SYSTEM AND METHOD FOR MANAGING LEASE OF PROPERTIES - A method for managing leases of properties to different users is performed at a computer server. The computer server receives a lease initiation request from a client device, the lease initiation request including a property location identifier and a user identifier. After identifying the property, the computer server determines whether the property is available for lease. If so, the computer server instructs a property control device to release the property, updates a lease record for the property, and sends a lease initiation message to the client device, the lease initiation message including an identifier of the lease record. After receiving a lease termination request from the client device, the computer server causes the property control device to repossess the property, updates the lease record to reflect that the property is available for another lease, and sends a lease termination message to the client device. | 04-30-2015 |
20150120528 | ELECTRONIC DONATION MANAGEMENT SYSTEM AND METHOD - An electronic donation management system includes: a server, the server including a processor; and a platform in communication with the server, the platform being connected with the Internet and accessible to a plurality of users through the Internet. The platform is a web application being configured to generate a website and a mobile application. The platform is configured to receive donation and loan related data from the users and send the data to the server. The server is configured to store the data, to grant appropriate memberships to the users respectively, and to activate functions that correspond to the memberships for the users respectively. The processor is configured to make calculations based on the data and make donation and loan related decisions according to the calculations. An electronic donation management method is also provided. | 04-30-2015 |
20150127521 | USER INTERFACE FOR PRESENTING RELEVANT QUESTIONS TO REPRESENTATIVE - Embodiments of the invention are directed to a system, method, or computer program product for providing a unified representation of all customer relationships with an entity. This representation focuses on customer products in arrears that are to be recovered. The invention presents an overarching view of all customer relationships to a representative. This allows the representative to make decision and take appropriate actions immediately based on the entire relationship with the customer when a customer communication is initiated. As such, the invention correlates all of the customer's relationships with a financial institution into one unified representation for a representative to review. The unified representation takes into consideration all of the customer's relationships as well as external factors on the communications and relationships. Thus providing a holistic customer service experience for a customer with accounts in arrears. | 05-07-2015 |
20150127522 | LOAN MANAGEMENT SYSTEM AND METHOD - A loan management system and method includes an alternative repayment amortization method. Each installment on repayment of the loan includes an equal fixed principal repayment amount and an interest amount. The equal fixed principal repayment amount is based on the amount of the loan and the number of installments to be paid over the life of the loan. The interest due for each installment is based on the interest rate and the amount of outstanding principal at the time a given installment is due. | 05-07-2015 |
20150127523 | METHODS AND SYSTEMS FOR PAYEE INVOICE FINANCING AND PAYMENT - A computer system for providing financing of payee invoices is provided. The system includes a processor and a computer-readable storage device having encoded thereon computer-readable instructions that are executable by the processor. The processor receives at least one invoice from at least one payee that represents a verified debt obligation payable by a payor to the at least one payee on a specified due date. The processor also determines if the at least one verified invoice is eligible for financing to enable early payment of the at least one invoice. The processor also aggregates a plurality of financing-eligible invoices according to at least one aggregation criterion, to enable financing of the aggregated invoices as a unit, and determines whether financing of the unit of aggregated invoices, including the at least one verified invoice, will include participation by at least one partner. | 05-07-2015 |
20150127524 | SYSTEMS AND METHODS FOR PROVIDING ENHANCED LOAN QUALIFICATION INFORMATION - Methods and systems are disclosed for providing enhanced information relating to terms for financing a purchase, such as a real estate purchase. According to disclosed embodiments, a financial service system collects financial information associated with the prospective buyer. The financial service system also configures a secure software object, or token, comprising the buyer's financial information. The financial service system transmits the token to various inventory listing sites. By utilizing graphical user interfaces on the inventory listing sites that integrate the transmitted token information, the prospective buyer is provided enhanced information for shopping and researching their purchase, including how the purchase and its financing fit into their overall financial profile. | 05-07-2015 |
20150134505 | Methods 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. | 05-14-2015 |
20150134506 | COMBINED PRESENTATION OF CREDIT INFORMATION - The present invention is directed to signing up at a single site to receive both personal credit and business information of multiple related individuals and businesses, along with identity theft protection. For example, the invention can provide a website where a user can request to view personal credit information of a married couple and the business credit information of a business associated with the at least one of the couple along with identity theft protection. In this manner, the user can quickly and easily obtain a more complete view of the financial status of an individual, a married couple, or a business in a single location. | 05-14-2015 |
20150142638 | CALCULATING A PROBABILITY OF A BUSINESS BEING DELINQUENT - There is provided a method that includes employing a computer to perform operations of (a) receiving, from a data source, by way of an electronic communication, a descriptor of a business, (b) matching said descriptor to data in a database, thus yielding a match, wherein said data includes a unique identifier of said business, (c) saving to a log, a signal that includes said unique identifier, (d) counting a quantity of signals that include said unique identifier in said log, thus yielding a number of said signals for said unique identifier, and (e) calculating a credit score for said business, based on said number of signals. There is also provided a system that performs the method, and a storage device that controls a processor to perform the method. | 05-21-2015 |
20150142639 | CREDIT REPAIR BY ANALYSIS OF TRADE LINE PROPERTIES - A method for taking appropriate action on a credit report for an individual based on analysis of properties of at least some of the trade lines of the credit report. Upon accessing the credit report, each of at least some of the trade lines in the credit report are processed by 1) identifying one or more properties of the subject trade line, 2) performing one or more removal success rate estimations for similar trade lines having at least one like property compared to the subject trade line, and 3) calculating at least one removability index (e.g., an item removal difficulty index or an item removal speed index) for the subject trade line based on the removal success estimation(s). The calculated removability indices are then aggregated for multiple trade lines, and the course of action for the credit report as a whole is determined based on the removability indices. | 05-21-2015 |
20150294406 | SYSTEM AND METHOD FOR INTEGRATED DUE DILIGENCE AND CREDIT RISK MANAGEMENT ANALYTICS AND QUALITY CONTROL - A system and method for due diligence reporting comprises: gathering data relevant to a loan from data sources; populating a risk related template, by a computer, according to the gathered data; gathering verified data; comparing the gathered data with the verified data; identifying variances between the gathered data and the verified data; and generating a risk analysis report according to the identified variances. | 10-15-2015 |
20150294407 | SYSTEM AND METHOD FOR PROACTIVELY OFFERING FINANCING OFFERS TO CUSTOMERS OF E-COMMERCE WEBSITES - A method and system for proactively offering financing offers to customers of e-commerce websites are provided. The method includes collecting data related to a customer associated with a customer node, upon identification that a customer logs on to an e-commerce website; generating at least one customer characteristic of the customer based on the collected data; computing an adaptive credit standing of the customer based on the at least one customer characteristic; determining whether the adaptive credit standing meets a credit standing threshold associated with at least one product of interest; and upon determining that the adaptive credit standing meets the credit standing threshold, providing at least one financing offer to the customer associated with the customer node. | 10-15-2015 |
20150294408 | Methods for Enhancing Debt Collection Efficiency - The methods of this invention solve the problem of low recovery of debt by, prior to recovery of the debt, increasing the debtor's inclination and ability to repay the debt, and only after increasing the debtor's willingness and ability to repay the debt, collecting a greater amount of the debt. | 10-15-2015 |
20150302521 | Methods for Enhancing Debt Collection Efficiency - The methods of this invention solve the problem of low recovery of debt by, prior to recovery of the debt, increasing the debtor's inclination and ability to repay the debt, and only after increasing the debtor's willingness and ability to repay the debt, collecting a greater amount of the debt. | 10-22-2015 |
20150317728 | MORTGAGE SYNTHESIS AND AUTOMATION - A system and methods are provided to enable a user to apply to multiple mortgage lenders, receive real-time loan approvals from said lenders, and complete the acquisition of a mortgage loan via a series of electronic communications via network-accessible computing systems. A mortgage application is automatically generated using intelligent synthesis of data received from multiple sources based on limited personal data manually provided by the user, such as a name, date of birth, social security number and access to financial accounts. The generated mortgage application may be submitted to multiple lenders' automated underwriting systems and loan pricing engines. Multiple lenders' decisions may then be received and provided to the user, so that the user may select from multiple available mortgage loans. | 11-05-2015 |
20150317729 | Financial Evaluation Based on Foreign Remittance Activity - Methods, systems, computer readable media, and apparatuses for establishing and/or altering a consumer's payment performance assessment based on foreign remittance transactions are disclosed. A line of credit may be extended to customers for foreign remittance transactions. Customer information may be received and evaluated to determine whether to extend the line of credit to the customer. Numerical values may be assigned to one or more items of the customer information. If a total numerical value representing the customer information meets predetermined criteria, the line of credit is extended to the customer. The customer's foreign remittance transactions may be monitored and reported to one or more consumer agencies to establish and/or alter the consumer's payment performance assessment. | 11-05-2015 |
20150324768 | Systems and Methods for Managing Prepaid Cards in a Digital Wallet, including Transferring Value from Prepaid Cards and Managing User Selected Accounts - Disclosed are the methods and systems for transferring value from as first account to a second account via a consumer device. The methods may be consumer or merchant driven and may involve transferring value to peers, oneself, or a third party account holder with or without the creation of a user account. Based on information input by a user, various financial systems interact in a manner that results in creation of an escrow account and effectuates transfer of value from a funding account through that escrow account to a receiving account. Such novel methods allow for previously unavailable transfers of value. In certain embodiments, the methods and systems also encompass creation of a digital equivalent of the value and using the digital equivalent to make payments at as point of service. | 11-12-2015 |
20150324901 | PREPARING A BANK APPLICATION USING A USER DEVICE - In some embodiments, a system receives an image file from a user device. The image file depicts a financial document that a customer selects to submit to a bank for inclusion in an application for a bank product. The system associates the image file with the application and determines whether receipt of the image file completes the application. If yes, the system sends the application to a review process configured to determine whether to approve the application. If no, the system determines a time period for the customer to complete the application and, after the time period has elapsed, initiates communication with instructions for completing the application. | 11-12-2015 |
20150324906 | DEVELOPING A HIERARCHY OF REPAYMENT PLANS - In some embodiments, a system receives a notice indicating a loan past due associated with a user. The system calculates a user risk score associated with the user with the user risk score based on a user payment history. The system determines a plurality of repayment plans for the user using the calculated user risk score, and calculates a repayment plan value score for each repayment plan. The system orders each repayment plan according to the repayment plan value score, and generates a repayment plan queue of the plurality of the ordered repayment plans. The system communicates a first repayment plan in the repayment plan queue to the user. | 11-12-2015 |
20150324907 | INTEGRATING INFORMATION FROM VARIOUS LINES OF BUSINESS - In some embodiments, a system receives information about a first loan and information about a second loan. The system calculates a user risk score based on a user payment history, a first loan priority score, and a second loan priority score. The system generates a single loan payment plan for the first loan and the second loan using the first loan priority score, the second loan priority score, and the user risk score. The system receives a payment associated with the single loan payment plan. The processor subdivides the payment into a first loan payment and a second loan payment using the first loan priority score and the second loan priority score. The system transfers the first loan payment to the first line of business and the second loan payment to the second line of business. | 11-12-2015 |
20150324908 | DYNAMICALLY MODIFYING AN APPLICATION QUESTIONNAIRE - In some embodiments, a system calculates a user risk score, and determines a first subset of questions using the user risk score and type of user device. The system communicates and receives answers to the first subset of questions. The system determines a second subset of questions based on the answers to the first subset of questions. The system communicates and receives answers to the second subset of questions. The system determines whether the answers to the first subset of questions are accurate. If the verification indicates that the answer to one or more of the first subset of questions is not accurate, the system determines a third subset of questions. The system communicates and receives answers to the third subset of questions. The system determines a plurality of repayment plans based on the user risk score and the answers to the first, second, and third subset of questions. | 11-12-2015 |
20150324909 | SYSTEM AND METHOD FOR CREATING AD HOC SELF-ENFORCING CONTRACTS IN NETWORK-BASED EXCHANGES - Systems and methods enable the creation, administration, and enforcement of self-enforcing electronic contracts within a network-based participation exchange as well as the matching of participation opportunities with exchange participants having compatible profiles. In one embodiment, participation opportunity data is provided to an exchange participant computing device, and the exchange participant computing device transmits a participation opportunity purchase request to an exchange network computing device. In response to the purchase request, the exchange network computing device generates an electronic contract. | 11-12-2015 |
20150332390 | GENERATING CUSTOMER-SPECIFIC VEHICLE PROPOSALS FOR POTENTIAL VEHICLE CUSTOMERS - Methods, systems and computer program products for generating customer-specific vehicle proposals that may be based on ongoing vehicle finance payment information and/or information received from a third party entity. Embodiments of inventions herein disclosed provide for efficient identification of potential customers based on their current vehicle and/or ongoing financial obligations related to the current vehicle. A replacement vehicle is identified and a vehicle proposal, such as a sales or lease proposal, is generated for one or more of the identified potential customers. | 11-19-2015 |
20150332391 | NON PRE-APPROVED CHANNEL FILTERING FOR CARD ACQUISITION - Information can be shared across a pre-approved (PA) channel and a non pre-approved (NPA) channel to reduce unnecessary offers of a transactional instrument or transactional instrument upgrade to prospects. All prospects listed in the NPA channel that have been evaluated in the PA channel may be removed from a NPA offeree list. This may be done by matching the NPA prospect list with a list of prospects who have been evaluated in the PA channel. The list of prospects evaluated in the PA channel may include, for example, prospects who were pre-approved for an offer as well as prospects who were considered for a pre-approved offer but who were denied the offer. Prospects in the NPA channel that are removed from the NPA offer list may be dropped from further NPA processing, as such prospects are either unprofitable or do not meet a transactional account company's standards for credit. | 11-19-2015 |
20150332392 | Method for Retail On-Line Account Opening - A system and method for a retail customer interfacing with a financial institution through a computer network is presented. The method includes a verification of customer-provided information with a pre-existing client identification profile for the customer, 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 customer in one or more programs offered by the financial institution at a predefined level based at least on one or more predetermined factors. | 11-19-2015 |
20150339769 | SYSTEM AND METHOD FOR ENFORCING DATA INTEGRITY AND LOAN APPROVAL AUTOMATION BY MEANS OF DATA AGGREGATION AND ANALYSIS - Systems and methods permit the efficient and accurate aggregation and analysis of loan application data as well as the convenient display of the loan application data to a financial service provider. In one embodiment, a computing device associated with a financial service provider receives a loan application containing loan application data. The computing device performs a compliance and underwriting analysis and a verification analysis to validate inputs, authenticate customer identity, ensure compliance with regulatory requirements, and evaluate the risk posed by a loan application, among other features. If the verification analysis indicates that supplemental loan application data is required, the provider computing device generates an application status message identifying the required supplemental data. Following the compliance and underwriting analysis and the verification analysis, the provider computing device creates an electronic credit authorization document and generates an application decision message indicating approval or disapproval of the loan application. | 11-26-2015 |
20150339770 | DISTRIBUTED SYSTEM FOR COMMERCE - A distributed system for commerce including a merchant system with a communication system for receiving, processing and transmitting data. The system further includes an intermediate server system in communication with the merchant system, and this intermediate server system includes a data storage system for storing data transmitted thereto, as well as a communication system for receiving, processing and transmitting data. | 11-26-2015 |
20150348186 | SYSTEM AND METHOD FOR DYNAMIC CUSTOMER ACQUISITION PROBABILITY AND RISK-ADJUSTED RETURN-ON-EQUITY ANALYSIS - Disclosed is a method of processing a user's loan request to a bank and making recommendations to the user and the bank. The invention includes using a computer code that evaluates user submitted loan data, public bank data, and private bank data to calculate a bank's risk-adjusted return-on-equity and customer acquisition probability on a given loan. The bank's private data may include bank profile settings and bank historical data. The bank's public data may include UBPR and bank call reports. Also, the method may be utilized to analyze the bank's performance over time. | 12-03-2015 |
20150348187 | SYSTEMS AND METHODS FOR DETERMINING OCCUPANCY - Certain implementations may include systems and methods for determining occupancy. According to an example implementation, a method is provided. The method includes receiving identifying information related to occupancy of a target property by a subject. The identifying information may include a name of the subject and an address of the target property. In certain embodiments, the identifying information may include an actual or approximate investigation date to allow a historical evaluation of occupancy at a specific time in the past. The method includes querying one or more public or private databases with the identifying information and receiving, in response to the querying, subject and property information. The method includes determining one or more indicators of occupancy of the target property. The method includes determining, with the one or more computer processors, a score based on the one or more indicators of occupancy; and outputting an indication of the score. | 12-03-2015 |
20150356674 | UNIVERSAL LEDGER - The present invention provides systems and methods for tracking obligations incurred between individuals. The method may include receiving a request from a first party, where the request includes an expense incurred by the first party for the benefit of a second party. The method may also include providing a notice of the request to the second party and receiving an acceptance from the second party to assume an obligation associated with the expense. The method may further include associating the obligation with the second party and associating a benefit with the first party. The obligation and/or benefit may be substantially equal in value to the expense. The method may additionally include interfacing with a social network service to provide the social network service with information about the obligation and/or the benefit. | 12-10-2015 |
20150363874 | SYSTEMS, MEDIA, AND METHODS FOR DISTRIBUTED ENERGY PROJECT FINANCING - Computer-based systems, media, and methods for sourcing, analyzing and calculating and underwriting the financing of distributed energy systems affixed to real property with the financing payments secured by a lien placed by a governmental authority. A web-based calculator tool is enabled to facilitate web searches used to collect required necessary information to create a project finance profile and to calculate and display results to property owners and to contractors or other channel partners. In some cases, the tool is further used to underwrite the project financing and displaying whether a project is preliminarily credit-approved. In further cases, the tool further enables pre-setting project finance assumptions for offering standard fixed-pricing to project applicants arranged by utility tariff, city or county or zip code subject to particular program parameters. | 12-17-2015 |
20150363875 | System and Method for Filtering and Analyzing Transaction Information - A system uses both structured and unstructured data to identify an existing product for a customer held at a competing institution. The data is received from a computer system of clients currently using various products. Data is also received from external systems and may be in the form of documents or other text-based sources of information. The structured and unstructured data is filtered and analyzed to identify transactions with common characteristics. The system identifies the customer, product, and amount for each transaction. The data is analyzed to identify common characteristics such as terms or patterns. The transactions are clustered and a product associated with the transactions is identified. | 12-17-2015 |
20150371325 | METHOD AND APPARATUS FOR ATM-BASED CROSS-SELLING OF PRODUCTS AND SERVICES - A method of and apparatus for automatically displaying an advertisement or promotional material to a user of an automated teller machine or point of purchase terminal. The method includes accessing debit data and credit bureau data for the applicant, accessing account information for the applicant, generating a score for the applicant based on the data and the account information and determining what advertisements or promotional offers to display on the ATM or POP terminal. The apparatus is a system, including both hardware and software components for effecting the method. | 12-24-2015 |
20150371326 | MOBILE FINANCIAL SOLUTION FOR UNBANKED AND UNDER-BANKED CONSUMERS - A system for providing financial and payment services to individuals that are not part of the formal banking system. The system combines the use of a mobile wallet application, a reloadable prepaid card, a payment-processing platform and an analytics platform for determining a customer's trustworthiness based on information about his or her identity and his/her transaction profile. The system is useful for base of pyramid consumers such as immigrants that do not have a bank account, but need to make and receive payments nationally and internationally, as well as have access to small loans. | 12-24-2015 |
20150379631 | INTELLIGENT 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. | 12-31-2015 |
20160005114 | SEAMLESS PROGRESSION OF CREDIT RELATED PROCESSES ON A MOBILE DEVICE - In a computer-implemented method for seamless progression of credit related processes on a mobile device, a user is prompted for credit application information via the mobile device for credit card application processing. Credit application information is received at the mobile device. Approval of a credit card account based on the application information is presented at the mobile device. Use of a digital credit card for repeat purchases is enabled via the mobile device. The digital credit card is associated with the credit card account. There is a seamless progression of credit related processes on the mobile device. | 01-07-2016 |
20160005115 | METHOD AND SYSTEM FOR SUPPORTING LOAN TRANSACTION BY USING ADDRESS BOOK, AND NON-TEMPORARY COMPUTER-READABLE RECORDING MEDIUM - In accordance with one form of this invention, a method to support LBT using address book provides functions: generating LBT address book per user referencing users' address books acquired from the users' terminal devices; sending the locate message that contains the first user's securities desired to be borrowed or lent, acquired by referencing locate requests from the first user's terminal device, to the terminal device of the second user listed on the first user's LBT address book; and providing communication interface supporting the first user and the second users to exchange negotiation messages regarding LBT contracts for the securities desired to be borrowed or lent. | 01-07-2016 |
20160012528 | SYSTEM AND METHOD FOR ENABLING COLLEGIATE ORGANIZATIONS TO OFFER FINANCING TO MEMBERS | 01-14-2016 |
20160019614 | ONLINE MARKETPLACE WITH SELLER FINANCING - An online marketplace system generates an online marketplace for seller-financed transactions. The system includes a plurality of listings of transaction offerings that are available. The transaction offerings are listed by a plurality of users and are from a plurality of different categories of products and services. The transaction offerings include a plurality of transaction terms, including payment and seller-financing terms. A transaction engine facilitates the negotiation of transaction terms between users and the formation of agreement between users. Transaction coins are awarded during the successful performance of a transaction according to the agreed upon transaction terms. A reputation engine generates trust profiles and trust scores for users. The trust profiles and trust scores are used by parties to evaluate the trustworthiness of the other party. A user interface engine generates a user interface that includes listings from users and trust scores of those users. | 01-21-2016 |
20160019642 | CONDITIONAL TRANSACTION OFFER SYSTEM AND METHOD - The present invention involves a system and method for coordinating the centralization of the submission of requests for offers for credit and receipt of offers for credit between an internet user and a plurality of lending institutions via the internet. This method involves the use of a single offer request form, which is the combination of required lender information from consumer credit processes, and the receipt of information from the user, and various semi-automated online processes, to populate that single offer request form. After receiving this data, a special computer, or server, sorts the information and applies a filter to the data. The filter prepares that information for submission to lending institutions so that the lending institution may process the information and make a decision as to whether to offer the internet user credit. Once the data has been filtered, it is transmitted to a multiple number of lending institutions, or alternatively evaluated using a model of the lending institutions criteria. The method then allows for the lending institutions to submit responses on the information submitted back to the user and for those responses to be controlled and coordinated and displayed on an online account specific to the internet user via the internet. | 01-21-2016 |
20160027106 | COMPUTER-BASED PEER-TO-PEER ROTATING SAVINGS AND LENDING ALLOWING FOR A REVOLVER-TYPE CREDIT SYSTEM AND METHOD - The present invention concerns generally with a computer-based peer-to-peer lending platform, and, more particularly, with an improved internet-based peer-to-peer rotating lending and savings allowing a revolver type credit platform implemented through a method, computer system, and computer-implemented algorithm directed at compensating peer-to-peer lending circles' participants for the time value of money and time-driven default risks, and allowing borrowing against a credit rating-based credit limit. | 01-28-2016 |
20160027107 | MORTGAGE LOAN DATA PROCESSING SYSTEM AND METHOD FOR A LOAN BROKER - An exemplary embodiment 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. | 01-28-2016 |
20160035023 | FINANCIAL-SERVICE STRUCTURED CONTENT MANAGER - An interconnect financial web can identify connections between individual entities (e.g., individuals and/or businesses) supported by financial objects. Many financial objects can be tracked, such that the web can represent an entity's financial standing. An interface can allow a reviewer to submit a request that identifies a first entity. A representation of the first entity can be located within the web, and financial objects and/or other entities connected to the first entity can be identified. A representation of these connections can be presented to the reviewer. This representation can be interactive, such that the reviewer can request additional detail about one of the related entities and/or financial objects. The reviewer can thus explore financial circumstances surrounding an entity of interest. | 02-04-2016 |
20160042448 | SYSTEM, METHOD, AND APPARATUS FOR SCORING AND DEPOSITING SHORT TERM CREDIT - Systems, methods, apparatuses, and computer program products for providing a short term credit line are provided. One method includes receiving an application form comprising banking credentials of an applicant and retrieving, based on the banking credentials, a current balance and a certain number of transactions for the applicant from a database. The method further includes categorizing the transactions into a plurality of categories by searching the transactions for keywords, performing an affordability assessment to reject the applicants that cannot afford to repay in a sustainable manner, and, when the applicant passes the affordability assessment, performing a scorecard decision to assign a score to the customer and categorizing the applicant according to the score. The method may further include finally accepting or rejecting the application based on their score categorization. | 02-11-2016 |
20160042449 | MICRO LENDING METHOD AND APPARATUS - A remote deposit capture system, comprising, a server adapted for centralized receipt of remote capture deposit transactions, a financial institution system adapted for receipt of remote capture deposit transactions information from said server and for crediting accounts based thereon, an internet transaction application adapted for communication with said server and for digital acquisition and processing of checks, loan applications, loan repayment, and a digital acquisition device adapted for communication with said application and for capturing of checks. | 02-11-2016 |
20160042450 | Methods and systems for deal structuring for automobile dealers - A method for deal structuring by a dealer, using a network based system including a server system coupled to a centralized database and at least one client system is disclosed. The method comprises receiving a loan application from a buyer regarding the deal, running a credit report based on the loan application, analyzing and scoring the credit report to evaluate the buyer's creditworthiness in relationship to the deal, and structuring the deal based on the buyer's creditworthiness. In an exemplary embodiment, the method provides guidance to the dealer utilizing a cartoon character based on pre-determined credit criteria to adjust various parameters to successfully structure the deal. | 02-11-2016 |
20160042451 | SYSTEM AND METHOD FOR ONLINE EVALUATION AND UNDERWRITING OF LOAN PRODUCTS - There is disclosed a system and method for online evaluation and underwriting of loan products. In an embodiment, the system comprises: an adaptive finance application for posing questions designed to elicit responses indicative of financial and risk attributes for the client, wherein the content of each successive question of the set of questions depends upon prior responses to previous questions, such that a detailed client profile is generated from the responses; a multi-lender algorithmic underwriting application for comparing matching criteria derived from the detailed client profile against a database of loan products with underwriting requirements available from multiple lending institutions, and identifying loan products matching the detailed client profile; and an output for outputting loan products with underwriting requirements having a close match to the detailed client profile. | 02-11-2016 |
20160048935 | COMPREHENSIVE QUANTITATIVE AND QUALITATIVE MODEL FOR A REAL ESTATE DEVELOPMENT PROJECT - Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for providing a user interface for specifying details of a development project, receiving, through the user interface, user-input specifying a type for the development project, a location for development project, and a financing structure for the development project, determining one or more projected outcomes for the development project based on data for the specified type, location, and financing structure of the development project, and, providing, through the user interface, an analysis of each of the one or more projected outcomes. | 02-18-2016 |
20160055577 | SYSTEM AND METHOD FOR TRANSACTION ACCOUNT OWNER ACQUISITION - The systems, methods, and computer readable mediums described herein provide a secure method for a transaction account issuer to issue a digital pass to an existing transaction account holder (e.g., an existing user) that may be shared and/or provided to a prospective transaction account holder (e.g., a new user). The digital pass may be sharable from an existing user's user device to a new user's user device. The systems, methods, and computer readable mediums described herein may also employ an adaptive web design solution to increase application completion rates by capturing minimal viable information from a prospective member. | 02-25-2016 |
20160055578 | SYSTEM AND METHOD FOR MONITORING STUDENT LOAN DEBT RELIEF - The system and method for monitoring student loan debt relief includes receiving student loan data of a borrower over a network into a database having a microprocessor and a memory that stores the student loan data. In addition, the method includes monitoring a plurality of universal resource locators (URL) over the network corresponding to a plurality of debt relief programs, respectively, to detect when a new set of rules is published on an URL for a respective debt relief program. The method also includes retrieving the new set of rules over the network from an URL of a respective debt relief program into the database that stores the new set of rules when the new set of rules is detected, and transmitting a formatted debt relief option using the new set of rules over the network to a remote computer device of the borrower. | 02-25-2016 |
20160063620 | SYSTEM AND METHOD OF FACILITATING PAYDAY LOANS - A loan facilitation system and method facilitates payday loan transactions by establishing a loan access account at a loan facilitation server. The loan facilitation server communicates with a loan operator server and a financial institution server to manage funds in a pooled account at the financial institution. The funds being cleared funds and associated with one or more loan access accounts, which are associated with customer accounts of a payday loan operator. | 03-03-2016 |
20160071206 | Implementation of a Service Platform for an Online Peer-to-Peer (P2P) Lending Transaction - Disclosed is a system and method for implementing a service platform to provide one or more services for an online loan transaction through an instance of a service facilitator engine. The services provided by the service facilitator engine enhance the user's experience when engaged in an online loan transaction or online P2P lending transaction. Further, the service facilitator engine ensures a safe and secure platform for transferring the loan amount to the registered borrower. The service platform tracks the repayment schedule of the registered borrower and credits rating based on the tracking information. Based on the credit rating of the registered borrower, registered lenders can authorize the registered borrowers to avail the loan facility. | 03-10-2016 |
20160071207 | METHOD FOR WEIGHTING A CREDIT SCORE AND DISPLAY OF BUSINESS SCORE - A method for displaying a credit score for financial transactions can be used for such business endeavors such as a lease or purchasing property. The weighting system display financial data scoring with respect to industry information in order to transform financial data and industry information to a score by establishing numeric benchmark values and display a score with regard to financial factors related to the business transaction. | 03-10-2016 |
20160071208 | Systems and Method for Improving Computation Efficiency in the Detection of Fraud Indicators for Loans with Multiple Applicants - Certain embodiments of the disclosed technology include systems and methods for increasing efficiency in the detection of identity-based fraud indicators associated with a loan application. A method is provided that includes receiving applicant data associated with a loan application having a plurality of applicants. The application data includes at least a name, a social security number, and a street address for each of the plurality of applicants. The method includes querying one or more databases with the applicant data; receiving a plurality of independent information in response to the querying; determining a validity indication of the applicant data; creating disambiguated applicant records; determining relationships among the disambiguated applicant records; scoring at least one parameter of the applicant data; determining one or more indicators of fraud based on the scoring; and outputting, for display, one or more indicators of fraud. | 03-10-2016 |
20160078531 | AGGREGATION ENGINE FOR REAL-TIME COUNTERPARTY CREDIT RISK SCORING - Techniques are disclosed for computing a real-time credit risk score. In one example, the method comprises at least one processor generating a computation graph comprising static computation nodes, dynamic computation nodes, and computation edges. The computation graph is a tree. Before receiving the real-time trade, the processor determines a pipeline kernel in the computation graph and computes the respective static information in the pipeline kernel. After computing the static information, the processor receives the real-time trade. The real-time trade is associated with a current exchange of assets for which a real-time credit risk score may be determined and comprises real-time information for use in computing the real-time credit risk score. The processor computes, based on the real-time trade and the computed static information, the dynamic information in the pipeline kernel and computes, based on the computed dynamic information, the real-time credit risk score. | 03-17-2016 |
20160078532 | AGGREGATION ENGINE FOR REAL-TIME COUNTERPARTY CREDIT RISK SCORING - Techniques are disclosed for computing a real-time credit risk score. In one example, the method comprises at least one processor generating a computation graph comprising static computation nodes, dynamic computation nodes, and computation edges. The computation graph is a tree. Before receiving the real-time trade, the processor determines a pipeline kernel in the computation graph and computes the respective static information in the pipeline kernel. After computing the static information, the processor receives the real-time trade. The real-time trade is associated with a current exchange of assets for which a real-time credit risk score may be determined and comprises real-time information for use in computing the real-time credit risk score. The processor computes, based on the real-time trade and the computed static information, the dynamic information in the pipeline kernel and computes, based on the computed dynamic information, the real-time credit risk score. | 03-17-2016 |
20160078533 | Mortgage assistant method - Disclosed is four new financing methods, one of which involves financing of a set portion, say 50%, of a mortgage secured by junior lien on the property for say 10 years, and offering the option to mortgagee of buying out the lender once a year, say by any year ends, for the repayment of the loan plus say 1% of the property fair value, whereas mortgagee and lender may form a joint venture, in which lender may buy life insurance on the mortgagee, to clear obligations, should mortgagee pass away, in which case the lender, as sole beneficiary receives the policy benefit. The other three, are novel modifications of the same, yielding to novel financing methods, all aiming to help distressed property owners to keep their property in hardship. | 03-17-2016 |
20160078534 | METHOD AND NETWORK FOR TRANSFERRING A LOAN - A method of transferring a loan involves a primary financial institution server receiving a credit application for a loan. The credit application includes credit application content and further includes credit application meta-data identifying particulars of the credit application. The credit application particulars includes a loan amount. The primary financial institution server is associated with a primary financial institution. The primary financial institution server determines from the credit application meta-data that the credit application is consistent with secondary credit risk requirements associated with a secondary financial institution, registers in a primary loans management database of the primary financial institution a loan in the loan amount, transmits the credit application content to a secondary financial institution server requesting assumption of the loan by the secondary financial institution, and advances funds in the loan amount. The secondary financial institution server is associated with the secondary financial institution. | 03-17-2016 |
20160086261 | METHOD AND SYSTEM FOR PROVIDING JUST IN TIME ACCESS TO EARNED BUT UNPAID INCOME AND PAYMENT SERVICES - Methods and systems (including associated devices) are disclosed herein that allow for the providing of one or more financial services, including the facilitating of access to accrued but unpaid earnings, to users such as employees of employers. In at least some embodiments, the extent to which services can be accessed or used is determined at least in part based upon one or more risk determinations. For example, in the case of a service for distributing accrued but unpaid earnings before an end of a pay period to an employee (sometimes in the absence of immediate access to a number of hours the employee has worked), risk factors such as a number of future repayments promised as well as a currency multiple can be used to adjust a risk score. Also, in at least some embodiments, access by an employee to an account is performed via a kiosk and allowed only if a code provided to an employee mobile device is entered at the kiosk. | 03-24-2016 |
20160086262 | SYSTEMS AND METHODS FOR INCREASING EFFICIENCY IN THE DETECTION OF IDENTITY-BASED FRAUD INDICATORS - Certain embodiments of the disclosed technology include systems and methods for increasing efficiency in the detection of identity-based fraud indicators. A method is provided that includes: receiving entity-supplied information comprising at least a name, a social security number (SSN), and a street address associated with a request for a payment or a benefit; querying one or more databases with the entity-supplied information; receiving a plurality of information in response to the querying; determining a validity indication of the entity supplied information; creating disambiguated entity records; determining relationships among the disambiguated records; scoring, based at least in part on determining the relationships among the disambiguated entity records, at least one parameter of the entity-supplied information; determining one or more indicators of fraud based on the scoring; and outputting, for display, one or more indicators of fraud. | 03-24-2016 |
20160086263 | SYSTEM AND METHOD FOR LOCATING AND ACCESSING ACCOUNT DATA TO VERIFY INCOME - Account data (e.g., account balance, account identifiers, account holder information and transaction data) for accounts at a plurality of financial institutions are stored at one or more databases within an account database system. The account data may be accessed in response to various requests (asset search request, as a verification request and income verification request). Transaction data for an account (such as ACH transaction messages) may be used to identify or verify income to an account holder, based on deposit/credits to the account. | 03-24-2016 |
20160086294 | REAL ESTATE SEARCHING AND MATCHING WEB PLATFORM - A method comprises creating a tenant profile in at least one database based on a request of a prospective tenant, receiving, from the prospective tenant, real estate preferences associated with a desired real estate property, and associating the real estate preferences with the tenant profile. The method further comprises creating a property owner profile in the at least one database based on a request of a property owner, receiving from the property owner tenant preferences associated with a desired prospective tenant, and associating the tenant preferences with the property owner profile. The method further comprises matching, based on the real estate preferences and the tenant preferences, the property owner profile to the tenant profile, calculating a match score, determining that the match score is above a predetermined value, and, based on the determination, enabling interactions between the property owner and the prospective tenant. | 03-24-2016 |
20160092981 | APPARATUS, METHOD, AND COMPUTER PROGRAM PRODUCT FOR EXTRACTING INSIGHTS FROM BILL PRESENTMENT DATA - Access is obtained to a database of bill presentment data in an electronic bill presentment system connecting a plurality of customers with a plurality of billers. At least some of the billers are payment card issuers. At least one presentment record for at least one of the customers is extracted from the database of bill presentment data. Based on the at least one presentment record for the at least one of the customers, at least one of credit worthiness of the at least one of the customers and payment history of the at least one of the customers is determined. | 03-31-2016 |
20160092982 | SYSTEMS AND METHODS FOR IMPROVED LOAN RESET AND RELATED PROCESSING - A system and method are provided that process customer interface data in conjunction with resetting a loan, the system comprises a processor coupled to a memory portion. The processor performs processing including (A) interfacing with a customer device; (B) retrieving prior customer data; (C) retrieving current loan data; (D) retrieving offered loan data; (E) generating first prospect loan data based on (a) offered loan data, (b) prior customer data, and (c) current loan data, and outputting first prospect loan data to the customer; (F) collecting current customer data regarding interfacing with the customer; and (G) generating second prospect loan data based on (a) offered loan data, (b) prior customer data, (c) current loan data, and (d) current customer data, and outputting adjusted prospect loan data to the customer, the adjusted prospect loan data output so as to render on the customer device in the form of graphics. | 03-31-2016 |
20160098792 | SYSTEM AND METHOD OF PROVIDING A BENEFIT - A benefit-provision system is operated by an administrator to provide a benefit from a source, which may be an administrator, to a benefit-eligible recipient who is part of or associated with a sponsored applicant group for which access to the benefit-provision system is being sponsored by a sponsor. A method thereof provides a benefit by an administrator from a source to a benefit-eligible recipient who is part of or associated with a sponsored applicant group for which access to a benefit-provision system is being sponsored by a sponsor. | 04-07-2016 |
20160098793 | SYSTEM FOR STRUCTURING A MORTGAGE INTO LAYERS - A system for computing mortgage risk by defined layers and pricing each additional risk unit by layer attributes. The process includes computing risk scores that result in computing risk adjusted interest rates. | 04-07-2016 |
20160104135 | Configurable Rolling Payment System and Method for Regular or Telematics Secured Vehicle Financing - A computer automatable system and method is provided for dynamically managing, calculating and tracking rolling payments (as opposed to installment payments) made by borrowers repaying their finance debt. Rolling payment is an enhanced repayment paradigm or method that flattens and adapts established periodic payments to match a borrower's repayment behavior by flexibly eliminating due dates with its related fixed payment amounts and, instead, enforces an agreed minimum rolling payment balance (RPB) that the borrower must maintain or exceed for the account to be current. To maintain the RPB above the agreed minimum, borrowers can repay any amount (irregular payment amounts) at anytime (irregular payment periods) and from anywhere. The embodied system and method dynamically adapts the payment posting frequency and repayment amount to match precisely the configured repayment objectives of the creditor, hence smoothing out the irregular payment amount and irregular payment period pattern. | 04-14-2016 |
20160110707 | RETAIL CARD APPLICATION - An application platform configurable for processing a plurality of retail-branded credit cards is provided. Embodiments include a configurable front end comprising a graphical user interface layer that is configurable to a specific one of a plurality of retail-branded credit cards and a backend layer comprising credit card functionality for directly performing credit card transactions associated with a specific one of the plurality of retail-branded credit cards. | 04-21-2016 |
20160110802 | Method for Brokering Lease Agreements Between Individual Lessors and Lessees - A system and method of connecting lessors and lessees. The present system and method connects lessors who have items available to be leased with lessees who are interesting in leasing those items. The system includes a database that contains a complete listing of users, where the listing includes user identification information, historical leasing data, items listed by users as available to be leased, and risk factors associated with the users. The risk factor is calculated by obtaining a credit worthiness score, such as a credit score from a credit bureau service, and combining that score with ratings obtained from lessors who engaged in prior transactions with that user. When a user identifies an item they wish to lease, they send a request over a network to the system. The requesting user's information is accesses and compared to the requirements for that item. If the requesting user's information falls within an acceptable range of risk, the transaction is approved and completed. Otherwise, the transaction is denied. | 04-21-2016 |
20160110804 | GENERATING CUSTOMER-SPECIFIC VEHICLE PROPOSALS FOR POTENTIAL VEHICLE CUSTOMERS - Methods, systems and computer program products for generating customer-specific vehicle proposals that may be based on ongoing vehicle finance payment information and/or information received from a third party entity. Embodiments of inventions herein disclosed provide for efficient identification of potential customers based on their current vehicle and/or ongoing financial obligations related to the current vehicle. A replacement vehicle is identified and a vehicle proposal, such as a sales or lease proposal, is generated for one or more of the identified potential customers. | 04-21-2016 |
20160110805 | DEVICE, METHOD, AND COMPUTER-READABLE MEDIUM FOR MANAGING A FLOW OF DATA BETWEEN INFORMATION STORAGE SERVERS OF INFORMATION STORAGE ENTITIES - A device, method, and computer-readable medium for managing a flow of data between information storage servers of information storage entities that initiate a rent report which includes the data in response to receiving an initiation request from a client device. An enrollment path is determined for the rent report based on an originating enrollment venue associated with the initiation request. One or more elements of the data are based on one or more validation criteria, and the data is transformed to a predetermined format corresponding to one or more formats. The data is output to one of the information storage servers of one of the information storage entities. | 04-21-2016 |
20160117768 | SYSTEMS AND METHODS FOR UNIVERSAL IDENTIFICATION OF CREDIT-RELATED DATA IN MULTIPLE COUNTRY-SPECIFIC DATABASES - Systems and methods are provided for generating a central database with credit-identifying data associated with individuals who have resided in multiple countries. Credit-related data associated with the individuals may be matched from multiple country-specific databases. The central database may include records that flag the existence of the matching credit-related data in the multiple countries. Universal identifiers for uniquely identifying the individuals can be generated and stored in the central database and/or the country-specific databases. Individuals who have moved to another country may more easily obtain credit by allowing credit grantors to retrieve their credit-related data from their previous country and generate more precise risk analyses. Credit grantors may be assisted in tracking the whereabouts of individuals that have been extended credit. | 04-28-2016 |
20160125528 | AFFORDABILITY ASSESSMENT - Briefly, embodiments of methods and/or systems of providing an affordability assessment are disclosed. For one embodiment, as an example, a method may comprise an individual submitting a query to one or more credit reporting bureaus (CRBs). A query may comprise a “soft inquiry.” A soft inquiry may preserve integrity of a credit bureau score (CBS) for the individual. | 05-05-2016 |
20160125529 | SYSTEM AND METHOD FOR REAL-TIME CHARGEOFF MONITORING - A payment network for real-time chargeoff monitoring includes a server and at least one memory module storing computer program code. The at least one memory module and the stored computer program code are configured to, with at least one processor, cause the server to receive a set of credit bureau files and a set of transaction processor files. Further the memory module, computer program code, and the processor are configured to cause the server to process the credit bureau files, the transaction files, and payment card information associated with a set of payment cards, through a chargeoff model to determine a set of chargeoff scores. Each of the chargeoff scores is associated with one of the payment cards. The memory module, computer program code, and the processor are also configured to cause the server to receive a credit-limit-increase request message. The credit-limit-increase request message includes a credit-limit increase request for a subject card selected from the set of payment cards. The server receives the credit-limit-increase request message from a subject issuer that issued the subject card. | 05-05-2016 |
20160125530 | SELF LIQUIDATING LOAN FOR BANKS - The method of the preferred embodiments provides a loan made to an individual into an account at the lending bank, under contract that the owner of the deposit account will leave the principal amount in the account at the lending bank unless authorized to do otherwise by the lending bank. The money of the principal amount of the loan is transferred and stored either on the non-transitory computer readable medium of the servers used by the lending bank institution, or in physical monetary or value holding instruments held by the lending bank. The principal amount does not leave the possession or accounts of the lending bank. The loan is additionally required under contract to have interest paid by the owner of the deposit account for the loan term. The method is intended to allow the owner of the deposit account to report greater liquidity in the name of the owner of the deposit account. | 05-05-2016 |
20160125531 | System and Method for An Electronic Lending System - A method for interfacing with a financial institution using a computer interface is disclosed for on-line or E-Lending. A customer selects a lending product on the website of a financial institution. The financial institution receives information to authenticate the customer, and receives additional information related to the financial history and lending needs from the customer. The terms and conditions related to the lending product are presented to the customer and an authorization to an application is received from the customer. A risk analysis is performed using information received from the customer and the application of the loan is subject to approval based at least in part on the risk analysis. The third set of information related to insurance, disclosures, etc is received from the customer and a fourth set of information related to the closing information is provided back to the customer. The loan may be further closed on-line or with an attorney or agent. | 05-05-2016 |
20160132964 | TAX REFUND LOAN SYSTEM ABSENT IRS AND FMS DEBT INDICATOR - An aspect of the present invention is a tax refund loan or purchasing system for use in making loan or purchase decisions. The system is an integrated computer system capable of receiving, sending, processing, storing, manipulating financial information as part of an overall loan or purchase decision-making system. The system incorporates certain Internal Revenue Service debt information with certain non-Internal Revenue Service debt information in making loan or purchase decisions. | 05-12-2016 |
20160140655 | SYSTEM AND METHOD FOR AUTOMATICALLY VERIFYING USER INFORMATION FOR USE IN UNDERWRITING - According to some embodiments, an applicant may be identified at a lender. One or more existing payment products of the applicant may be identified. Information associated with each payment product may then be transmitted to a network. Transaction information associated with each payment product may then be received from a transaction database, for use in underwriting. Numerous other aspects are provided. | 05-19-2016 |
20160140656 | EVALUATION DEVICE, EVALUATION METHOD, AND NON-TRANSITORY COMPUTER READABLE STORAGE MEDIUM - An evaluation device according to the present application includes an acquisition unit and an evaluation unit. The acquisition unit acquires information related to an enterprise among information which is based on user behavior on a communication network. The evaluation unit evaluates credit of the enterprise based on the information acquired by the acquisition unit. For example, the acquisition unit acquires, as the information which is based on user behavior on the communication network, information transmitted from a user in utilization of a service which is provided by various websites and which is related to the enterprise. | 05-19-2016 |
20160148309 | Systems and Methods for Onsite or Remote Dispensing of Credit Instruments - Systems and methods for instantly granting, issuing and dispensing a credit instrument to an applicant, by a credit instrument issuer, responsive to a credit instrument application, comprising creating a credit instrument application, on behalf of an applicant, using an application creation computing device, sending the credit instrument application to a data collection server, verifying the applicant Vs identity and obtaining a credit instrument application decision, and if the credit instrument application decision is a decline notifying the applicant, otherwise notifying the applicant and dispensing a credit instrument including the credit instrument parameters. | 05-26-2016 |
20160155190 | METHOD FOR MODIFYING A LOAN AGAINST PROPERTY THAT EMBODIES NEGATIVE EQUITY | 06-02-2016 |
20160155192 | Method and Apparatus for Implementing Member Purchase Program | 06-02-2016 |
20160155193 | METHODS AND SYSTEMS FOR AUTOMATICALLY GENERATING HIGH QUALITY ADVERSE ACTION NOTIFICATIONS | 06-02-2016 |
20160155194 | SYSTEM AND METHOD FOR PROVIDING CREDIT TO UNDERSERVED BORROWERS | 06-02-2016 |
20160155195 | SYSTEM FOR RESOLVING TRANSACTIONS EMPLOYING AUTOMATED OFFER OPTIMIZATION | 06-02-2016 |
20160155196 | MULTI-BUREAU CREDIT FILE FREEZE AND UNFREEZE | 06-02-2016 |
20160162874 | USING SUCCESSIVE LEVELS OF AUTHENTICATION IN ONLINE COMMERCE - A method comprising performing following acts on a network server: receiving a communication from a client terminal operated by a client; performing a first authentication of the client terminal or client; in response to the first authentication, delivering a first service to the client; after delivering the first service, sending an offer for a second service to the client terminal; receiving an acceptance message for the second service from the client terminal; performing a second authentication of the client terminal and/or the client; in response to receiving the acceptance message for the second service from the client terminal and to the second authentication being successful, delivering a second service to the client; wherein the first authentication and the second authentication use different authentication techniques. Other aspects include a programmed data processing apparatus for carrying out the method and a tangible program carrier instructing the apparatus to perform the acts. | 06-09-2016 |
20160162988 | Systems and Methods for Managing Home Mortgage Loans - Systems and methods are provided to facilitate a coordinated and concerted process between parties and activities related to procuring an asset, obtaining financing, and managing loans and debentures thereof. User interfaces generated via panels and screen displays are used to communicate between parties and coordinate activities related to processes involved with purchasing and obtaining an asset such as a home. Graphical displays provide users with a comprehensive overview of the process and illustrate the buyer's progress through the process. User inputs and system outputs effectuated through the user interfaces, along with methods of interaction between users and/or the system, provide a communication network to streamline information flow and orchestrate interaction. | 06-09-2016 |
20160171600 | Web based method for loan application | 06-16-2016 |
20160171601 | METHOD AND DEVICE FOR PROVIDING FINANCIAL DATA TO A USER | 06-16-2016 |
20160171602 | Correcting Errors in Mortgage Applications | 06-16-2016 |
20160171603 | SYSTEMS AND METHODS FOR IDENTIFICATION DOCUMENT PROCESSING AND BUSINESS WORKFLOW INTEGRATION | 06-16-2016 |
20160180336 | INFORMATION PROCESSING APPARATUS, INFORMATION PROCESSING METHOD, AND INFORMATION PROCESSING PROGRAM | 06-23-2016 |
20160180455 | GENERATING DEVICE, GENERATING METHOD, AND NON-TRANSITORY COMPUTER READABLE STORAGE MEDIUM | 06-23-2016 |
20160180456 | SYSTEMS AND METHODS FOR CREDIT APPROVAL USING GEOGRAPHIC DATA | 06-23-2016 |
20160189291 | MULTI-LENDER SERVICING OF A CREDIT ALLOWANCE - Methods, systems, and computer program products for providing multi-lender servicing of a credit allowance are disclosed. A computer-implemented method may include receiving a request to provide a credit allowance for a payment account, analyzing a payment history associated with the payment account, determining a credit allowance for the payment account, notifying a user of the determined credit allowance, requesting offers from a plurality of lenders to finance a first portion of the credit allowance, receiving user acceptance of an offer from a first lender to finance the first portion of the credit allowance, requesting offers from a plurality of lenders to finance a second portion of the credit allowance, receiving user acceptance of an offer from another lender to finance the second portion of the credit allowance, updating available credit for the credit allowance in view of the accepted offers of the different lenders. | 06-30-2016 |
20160189292 | PROGRAMMATIC SYSTEMS AND METHODS FOR LOAN UNDERWRITING FOR PREPAID ACCOUNTS - Systems and methods for loan underwriting for prepaid accounts in accordance with embodiments of the invention are disclosed. In one embodiment, a method for processing transactions includes obtaining transaction data using an account servicing server system, wherein the transaction data includes price data and metadata identifying a consumer account, obtaining product account data based on the metadata using the account servicing server system, wherein the product account data includes account balance data describing the funds available, calculating loan risk data based on the transaction data and the product account data using the account servicing server system, determining loan eligibility data based on the calculated loan risk data using the account servicing server system, generating transaction approval data based on the loan eligibility data and the transaction data using the account servicing server system, and providing the transaction approval data using the account servicing server system. | 06-30-2016 |
20160189293 | SYSTEMS AND METHODS FOR INFERRING THE PERFORMANCE OF REJECTED CREDIT APPLICANTS - Certain implementations of the disclosed technology may include systems, methods, and apparatus for inferring the performance of rejected credit applicants using non-tradeline data. According to an example implementation, a method is provided for evaluating factors that may indicate financial distress and/or future credit performance associated with an applicant. In an example implementation, the method may include receiving applicant information associated with an applicant of a credit application. Responsive to a query, the method may include receiving by at least one processor, non-tradeline data related to the applicant. The method includes scoring, using a predictive scoring model, and based at least in part on the non-tradeline data, a prediction of the applicant's future credit performance. The method includes generating, based on the scoring, an estimated credit performance of the applicant over a predetermined period; and outputting an indication of the estimated credit performance. | 06-30-2016 |
20160189294 | SYSTEM AND METHOD TO IMPLEMENT ENDPOINT COLLATERALIZED FINANCIAL INSTRUMENT - Aspects direct to systems and methods for implementing an endpoint collateralized financial instrument. A borrower may use an endpoint device to send a request to a server for a loan or credit product. Upon receiving the request, the server determines whether the endpoint device is subject to an approval for the endpoint collateralized financial instrument. When the endpoint device is approved, the server further determines an amount of money, and issues a notification to the endpoint device via the network to indicate the approval and the amount of money. Thus, the borrower may choose to borrow the amount of money for the loan using the endpoint device as the collateral, and the server sends the amount of money as a loan to the borrower. The borrower retains a right to use the endpoint device under a condition. The server may disable the endpoint device when the borrower violates the condition. | 06-30-2016 |
20160196605 | System And Method To Search And Verify Borrower Information Using Banking And Investment Account Data And Process To Systematically Share Information With Lenders and Government Sponsored Agencies For Underwriting And Securitization Phases Of The Lending Cycle | 07-07-2016 |
20160203530 | System and method for the creation of fee agreements for timekeeping and billing for professionals and consultants | 07-14-2016 |
20160203551 | METHOD AND SYSTEM FOR USING PAYMENT TRANSACTION DATA IN LOAN SOURCING | 07-14-2016 |
20160203552 | VERIFICATION AND LIMITS PROCESSING | 07-14-2016 |
20160253752 | METHOD AND SYSTEM FOR INTERNAL ANALYSIS OF LOAN INSTRUMENTS | 09-01-2016 |
20160379303 | SYSTEM AND METHOD FOR CREDIT EVALUATION - The present invention relates to a system and method for credit evaluation, and in particular for utilizing information from multiple information sources and/or related to multiple entities. In certain embodiments, a neural network is utilized to select among information to form a composite credit report involving entries from multiple information sources and/or related to multiple entities. In certain embodiments, where multiple information sources contain inconsistent information, a selection is made to determine which information is placed in a composite report. Alternatively or in conjunction, information may be weighted according to useful factors. In instances in which information related to multiple entities is evaluated, a selection may be made as to which information is included in a composite credit report. | 12-29-2016 |
20180025422 | METHOD AND SYSTEM FOR REAL-TIME CONTROLS ON CREDIT CHECK REQUESTS | 01-25-2018 |
20190147531 | CREDIT MANAGEMENT SYSTEM, METHOD, AND STORAGE MEDIUM | 05-16-2019 |
20220138719 | Method, System, and Computer Program Product for Providing Installment Payment Options for a Payment Transaction - Provided is a method for providing installment payment options for a payment transaction. The method may include communicating, to a customer device, installment payment data associated with a plurality of installment payment options. A first authorization request for a payment transaction with a customer may be received from a merchant system. The first authorization request may include at least one field including first installment payment data associated with a first installment payment option. A first lender system associated with the first installment payment option may be determined. A second authorization request, which may include the first installment payment data, may be communicated to the first lender system. An authorization response may be received from the first lender system indicating approval of the first installment payment option for the payment transaction. The authorization response may be communicated to the merchant system. A system and computer program product are also disclosed. | 05-05-2022 |
20220138884 | SYSTEMS AND METHODS FOR USE IN NEUTRAL ZONE EXECUTION OF LOGIC - Systems and methods are provided for executing logic to provide data aggregates. One example method includes receiving, at a computing device of a service provider, from a relying party, a request for a data aggregate for a user based on a logic, where the data aggregate is based on first data for the user, and identifying a control for the first data. The method further includes, upon satisfying the identified control, retrieving, by the computing device, the first data from a first source party, generating a neutral zone, and executing, in the neutral zone, the logic on the retrieved first data. The method then includes providing an output from the executed logic as the data aggregate to the relying party, but not the first data, whereby the data aggregate is provided in lieu of the first data. And, the retrieved first data is deleted by eliminating the neutral zone. | 05-05-2022 |