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Loan rate and lending information analysis system

  • US 20030149659A1
  • Filed: 01/31/2003
  • Published: 08/07/2003
  • Est. Priority Date: 01/31/2002
  • Status: Active Grant
First Claim
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1. A loan rate analysis system, comprising a credit data repository maintaining credit history data associated with at least one entity;

  • a credit scoring engine operative to receive credit report data relating to an individual or other entity and process the data against a credit scoring model to yield a credit score;

    a rate information database storing interest rate information for at least one loan type, and operative to return the interest rate(s) corresponding to a given credit score for at least one desired loan type; and

    a server operative to;

    receive requests from users over a computer network and transmit responses in return, to interact with a user to obtain information allowing for the retrieval of credit report data, interact with the credit data repository to obtain the credit history data associated with the user, transmit at least a portion of the credit history data to the scoring engine to receive a credit score in return, access the rate information database for current interest rate information for at least one loan type, and determine an interest rate for the loan type based on the interest rate information and the credit score associated with the user.

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