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Systems and methods for electronically verifying and processing information

  • US 20030009418A1
  • Filed: 12/05/2001
  • Published: 01/09/2003
  • Est. Priority Date: 12/08/2000
  • Status: Abandoned Application
First Claim
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1. A computer implemented method for generation of enhanced data to evaluate a proposed borrower, comprising the steps of:

  • obtaining from said borrower a first set of information, said first set of information including identification information to identify said borrower to a set of information sources;

    communicating a request to one or more recipient financial information sources, wherein each of said recipient information sources is contained within said set of information sources, wherein said recipient information sources comprise one or more credit bureaus and one or more of a plurality of banks, and one or more government entities, and wherein said request includes identification information identifying said borrower to the one or more recipient information sources receiving said request;

    wherein at least one of said recipient financial information sources utilizes a communication buffer so that the request is not communicated directly to said at least one recipient financial information source in association with which the communication buffer is utilized;

    receiving a second set of information from one or more of said recipient information sources;

    automatically generating a consolidated report based upon said second set of information; and

    determining whether to loan money to said borrower based upon said consolidated report.

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