WO2000021011A3 - System and method for processing loans - Google Patents

System and method for processing loans Download PDF

Info

Publication number
WO2000021011A3
WO2000021011A3 PCT/US1999/023223 US9923223W WO0021011A3 WO 2000021011 A3 WO2000021011 A3 WO 2000021011A3 US 9923223 W US9923223 W US 9923223W WO 0021011 A3 WO0021011 A3 WO 0021011A3
Authority
WO
WIPO (PCT)
Prior art keywords
loan
data
los
processing
remote location
Prior art date
Application number
PCT/US1999/023223
Other languages
French (fr)
Other versions
WO2000021011A9 (en
WO2000021011A2 (en
Inventor
Sharad Nishith
Gulshan Garg
Original Assignee
Indymac Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Indymac Inc filed Critical Indymac Inc
Priority to AU13116/00A priority Critical patent/AU1311600A/en
Publication of WO2000021011A2 publication Critical patent/WO2000021011A2/en
Publication of WO2000021011A9 publication Critical patent/WO2000021011A9/en
Publication of WO2000021011A3 publication Critical patent/WO2000021011A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Abstract

A system and method for electronically processing loan data uses a graphical user interface that imports data from a loan origination software (LOS) system onto a local terminal and transfers the data to a remote location for processing. The loan imported from the LOS system is initially validated for completeness before being transferred to the remote location. The loan data is processed to generate a loan price and multiple pricing scenarios for the loan. This information is sent back to the local terminal for acceptance. Once accepted, the loan can be rate-locked for a specified period of time.
PCT/US1999/023223 1998-10-02 1999-10-04 System and method for processing loans WO2000021011A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU13116/00A AU1311600A (en) 1998-10-02 1999-10-04 System and method for processing loans

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US16535298A 1998-10-02 1998-10-02
US09/165,352 1998-10-02

Publications (3)

Publication Number Publication Date
WO2000021011A2 WO2000021011A2 (en) 2000-04-13
WO2000021011A9 WO2000021011A9 (en) 2000-08-31
WO2000021011A3 true WO2000021011A3 (en) 2001-02-01

Family

ID=22598547

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US1999/023223 WO2000021011A2 (en) 1998-10-02 1999-10-04 System and method for processing loans

Country Status (2)

Country Link
AU (1) AU1311600A (en)
WO (1) WO2000021011A2 (en)

Families Citing this family (12)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6988082B1 (en) 2000-06-13 2006-01-17 Fannie Mae Computerized systems and methods for facilitating the flow of capital through the housing finance industry
US7010510B1 (en) * 2000-07-12 2006-03-07 Oracle International Corporation Variance reduction technique for large scale risk management
JP2002329065A (en) * 2001-04-27 2002-11-15 Fujitsu Ltd Invitation method for modification of loan contract for consumption
US7444302B2 (en) 2002-06-14 2008-10-28 Ellie Mae, Inc. Online system for fulfilling loan applications from loan originators
US7472089B2 (en) 2002-08-15 2008-12-30 Ellie Mae, Inc. Loan origination system interface for online loan application processing
AU2003291140A1 (en) 2002-12-30 2004-07-29 Fannie Mae System and method for facilitating sale of a loan to a secondary market purchaser
WO2004061561A2 (en) 2002-12-30 2004-07-22 Fannie Mae System and method for facilitating delivery of a loan to a secondary mortgage market purchaser
AU2003297295A1 (en) 2002-12-30 2004-07-29 Fannie Mae System and method of processing data pertaining to financial assets
US8046298B1 (en) 2003-07-21 2011-10-25 Fannie Mae Systems and methods for facilitating the flow of capital through the housing finance industry
US8990254B2 (en) 2004-07-02 2015-03-24 Ellie Mae, Inc. Loan origination software system for processing mortgage loans over a distributed network
US7987124B1 (en) 2004-08-20 2011-07-26 Fannie Mae Method of and system for evaluating an appraisal value associated with a loan
US20090271337A1 (en) * 2008-04-25 2009-10-29 Vazacopoulos Alkis Apparatus and method for input and output to process to be optimized

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5611052A (en) * 1993-11-01 1997-03-11 The Golden 1 Credit Union Lender direct credit evaluation and loan processing system
WO1997022073A1 (en) * 1995-12-12 1997-06-19 Citibank, N.A. System and method for performing on-line reviews and approvals of credit and liability applications
US5797133A (en) * 1994-08-31 1998-08-18 Strategic Solutions Group, Inc Method for automatically determining the approval status of a potential borrower

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5611052A (en) * 1993-11-01 1997-03-11 The Golden 1 Credit Union Lender direct credit evaluation and loan processing system
US5797133A (en) * 1994-08-31 1998-08-18 Strategic Solutions Group, Inc Method for automatically determining the approval status of a potential borrower
WO1997022073A1 (en) * 1995-12-12 1997-06-19 Citibank, N.A. System and method for performing on-line reviews and approvals of credit and liability applications

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
MARLIN S: "Remote Computing Environment Speeds Countrywide's Data Delivery", BANK SYSTEMS AND TECHNOLOGY, vol. 34, no. 11, November 1997 (1997-11-01), pages 46, XP000914012 *

Also Published As

Publication number Publication date
WO2000021011A9 (en) 2000-08-31
AU1311600A (en) 2000-04-26
WO2000021011A2 (en) 2000-04-13

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