Loan allocation according to lending frequency based preference

• US 20030135451A1
• Filed: 08/13/2002
• Published: 07/17/2003
• Est. Priority Date: 08/13/2001
• Status: Abandoned Application

• Current Assignee: Electronic Financial Services, Inc.
• Original Assignee: Gresham Financial Services, Inc.
• Inventors: Bundy, Donald D., OʼBrien, Michael P.
• Application Number:
  US10/217,633
• Publication Number:
  US 20030135451A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Computerized systems and methods for simultaneously managing multiple securitization pools are disclosed. The simultaneous management methods allow lenders to re-allocate loans into secondary loan pools when the loans become ineligible for primary loan pools. Lenders are thereby saved from having to carry loans on their books when they become ineligible for a primary loan pool. The methods also allow lenders to allocate a loan to relatively higher valued loan securitization pools based on loan characteristics, and to re-allocate the loan to a relatively lower valued loan securitization pool should the loan fall out of or become disqualified from the relatively higher valued loan securitization pool. The disclosed systems and methods provide smaller lenders with the ability place their loans in the most beneficial loan securitization pool available. Smaller lenders therefore can both contribute to larger multi-lender loan portfolios that would otherwise be unattainable to the individual lenders, and select from among a plurality of loan securitization pools such that the lender can ensure the highest possible value for the loan when it is ultimately converted.

Claims

1. A method of managing a loan securitization pool that has one or more loans, each with features that meet all loan eligibility requirements for that pool, comprising:

a) receiving information indicative of a change in the features of a loan in one of the pools;

b) determining whether the changed feature causes the loan to no longer meet all of the loan eligibility requirements for the pool to which it has been allocated; and

, if so,

c) removing the loan from the pool to which it had been allocated.

2. The method of claim 1, further comprising re-allocating the removed loan to a different loan securitization pool if the changed loan features meet all loan eligibility requirements for the different pool.

3. A method of managing multiple loan securitization pools, comprising:

a) entering loan features for a loan into a computerized system;

b) querying a storage system to determine loan eligibility requirement factors for each of a plurality of loan securitization pools;

c) from the plurality of loan securitization pools, identifying a first loan securitization pool for which the loan is qualified based on the entered loan features and on the determined loan eligibility requirement factors for the first loan securitization pool;

d) allocating the loan to the first loan securitization pool; and

e) identifying a second loan securitization pool for which the loan is qualified based on the entered loan features and on the determined loan eligibility requirement factors for the second loan securitization pool.

4. The method of claim 3, further comprising re-allocating the loan to the second loan securitization pool.

5. The method of claim 3 wherein the loan eligibility requirement factors comprise a loan repayment term.

6. The method of claim 3 wherein the loan eligibility requirement factors comprise a loan interest rate.

7. The method of claim 3 wherein the loan eligibility requirement factors comprise a loan classification indicating a loan type of revolving credit.

8. The method of claim 3 wherein the loan eligibility requirement factors comprise a loan classification indicating an installment loan type of installment.

9. The method of claim 3 wherein the loan eligibility requirement factors comprise a loan securitization classification indicating the type of collateral that is secured by the loan.

10. A method of managing multiple loan securitization pools, comprising:

a) allocating a loan to a first loan securitization pool for which it is qualified based on an initial set of loan features and on loan eligibility requirement factors for the first loan securitization pool;

b) determining a second set of loan features if the loan becomes disqualified from the first loan securitization pool;

c) identifying a second loan securitization pool for which the loan is qualified based on the second set of loan features and on loan eligibility requirement factors for the second loan securitization pool; and

d) re-allocating the loan to the second loan securitization pool.

11. The method of claim 10 wherein the loan eligibility requirement factors comprise a loan repayment term.

12. The method of claim 10 wherein the loan eligibility requirement factors comprise a loan interest rate.

13. The method of claim 10 wherein the loan eligibility requirement factors comprise a loan classification indicating a loan type of revolving credit.

14. The method of claim 10 wherein the loan eligibility requirement factors comprise a loan classification indicating a loan type of installment.

15. The method of claim 10 wherein the loan eligibility requirement factors comprise a loan securitization classification indicating the type of collateral that is secured by the loan.

16. A system for managing multiple loan securitization pools, comprising:

a) an input device for entering loan features for a loan into a computerized system;

b) a storage system operatively connected to the input device and configured to store the entered loan features;

c) a processor operatively connected to the storage system and configured to determine loan eligibility requirement factors for each of a plurality of loan securitization pools;

d) the processor further configured to identify, from the plurality of loan securitization pools, a first loan securitization pool for which the loan is qualified based on the entered loan features and on the determined loan eligibility requirement factors for the first loan securitization pool;

e) the processor further configured to allocate the loan to the first loan securitization pool; and

f) the processor further configured to identify a second loan securitization pool for which the loan is qualified based on the entered loan features and on the determined loan eligibility requirement factors for the second loan securitization pool.

17. The system of claim 16, wherein the processor is further configured to re-allocate the loan to the second loan securitization pool.

18. The system of claim 16 wherein the loan eligibility requirement factors comprise at least one factor selected from the group consisting of:

loan repayment term, loan interest rate, loan type of revolving credit, loan type of installment, and type of product financed by the loan.

19. A system for managing multiple loan securitization pools, comprising:

a) a processor for allocating a loan to a first loan securitization pool for which it is qualified based on an initial set of loan features and on loan eligibility requirement factors for the first loan securitization pool;

b) the processor further configured to determine a second set of loan features if the loan becomes disqualified from the first loan securitization pool;

c) a storage system for storing information about a plurality of loan securitization pools;

d) the processor further configured to query the storage system to determine loan eligibility requirement factors for a plurality of loan securitization pools;

e) the processor further configured to identify, from the plurality of loan securitization pools, a second loan securitization pool for which the loan is qualified based on the loan features and on loan eligibility requirement factors for the second loan securitization pool; and

f) the processor further configured to re-allocate the loan to the second loan securitization pool.

20. The system of claim 19 wherein the loan eligibility requirement factors comprise at least one factor selected from the group consisting of:

loan repayment term, loan interest rate, loan type of revolving credit, loan type of installment, and type of product financed by the loan.

21. Computer-readable media containing instructions executable by a computer that, when loaded and executed on the computer, perform a method of managing multiple loan securitization pools, including:

a) receiving loan features for a loan into a computerized system;

b) querying a storage system to determine loan eligibility requirement factors for a plurality of loan securitization pools;

c) from the plurality of loan securitization pools, identifying a first loan securitization pool for which the loan is qualified based on the received loan features and on loan eligibility requirement factors for the first loan securitization pool;

d) allocating the loan to the first loan securitization pool; and

e) identifying a second loan securitization pool for which the loan is qualified based on the received loan features and on loan eligibility requirement factors for the second loan securitization pool.

22. The computer-readable media of claim 21 wherein the instructions, when loaded and executed on a computer, additionally cause the loan to be reallocated to the second loan securitization pool.

23. The computer-readable media of claim 22 wherein the loan eligibility requirement factors comprise at least one factor selected from the group consisting of:

loan repayment term, loan interest rate, loan type of revolving credit, loan type of installment, and type of product financed by the loan.

24. Computer-readable media containing instructions executable by a computer that, when loaded and executed on the computer, perform a method of managing multiple loan securitization pools, including:

a) allocating a loan to a first loan securitization pool for which it is qualified based on an initial set of loan features and on loan eligibility requirement factors for the first loan securitization pool;

b) determining a second set of loan features if the loan becomes disqualified from the first loan securitization pool;

c) querying a storage system to identify a second loan securitization pool for which the loan is qualified based on the second set of loan features and on loan eligibility requirement factors for the second loan securitization pool; and

d) re-allocating the loan to the second loan securitization pool.

25. The computer-readable media of claim 24 wherein the loan eligibility requirement factors comprise at least one factor selected from the group consisting of:

loan repayment term, loan interest rate, loan type of revolving credit, loan type of installment, and type of product financed by the loan.