Online system for fulfiling loan applications from loan originators
First Claim
1. A loan application interface system for coupling a loan originator computer to one or more partner computers running financial services software programs, the system comprising:
- a loan origination software program resident on the loan originator computer;
a web browser application resident on the loan originator computer;
a formatting process integrated in the web browser application and configured to re-format and publish loan application information provided by the loan origination software program into a format compatible with a financial service software program of a target partner computer of the one or more partner computers;
a transmission process integrated in the web browser application and configured to transmit reformatted loan application information to the target partner computer.
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Accused Products
Abstract
A loan submission and processing system is described. A processing and submission client/server system transmits relevant loan information from a borrower to one or more lender computer systems through pre-defined file templates, which are utilized during loan origination. An automatic data flow process from the origination screen populates the relevant fields in any other related loan forms and word processing documents. Different forms are supported for different types of loans. The loan originator computer system includes a loan origination software program integrated with a web-browser based interface system. The interface system couples the loan origination software program to one or more partner computers. The partners comprise loan underwriters, lenders, and settlement service vendors. The interface system provides dynamic formatting and data transmission for different connections depending on the transaction type and target partner. In a web-based implementation, the interface system populates data directly from the loan origination software program to the appropriate web pages of the target partners.
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Citations
26 Claims
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1. A loan application interface system for coupling a loan originator computer to one or more partner computers running financial services software programs, the system comprising:
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a loan origination software program resident on the loan originator computer;
a web browser application resident on the loan originator computer;
a formatting process integrated in the web browser application and configured to re-format and publish loan application information provided by the loan origination software program into a format compatible with a financial service software program of a target partner computer of the one or more partner computers;
a transmission process integrated in the web browser application and configured to transmit reformatted loan application information to the target partner computer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method for processing and submitting loan application data over a computer network coupling a loan originator computer to one or more lender computers, the method comprising the steps of:
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providing, on the loan originator computer, at least one file template comprising a number of user input fields, through a graphical user interface accessible on a user computer, each file template corresponding to a document within a loan application;
accepting user specified data for one or more of the user input fields;
automatically entering the user specified data into corresponding user input fields in any other file template that includes such corresponding user input fields;
calculating, on the loan originator computer, data entries for input fields on the one or more file templates that depend on data from one or more other input fields; and
transmitting from the loan originator computer, the file template containing the user specified data to a lender computer of the one or more lender computers. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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Specification