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Mortgage loan data collection method and apparatus for a financial planning originator and/or financial institution originator of a mortgage loan

  • US 20040019558A1
  • Filed: 05/05/2003
  • Published: 01/29/2004
  • Est. Priority Date: 07/22/1998
  • Status: Active Grant
First Claim
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1. A method for collecting loan data for a loan application, by a loan originator in coordination with a loan broker, for a loan customer applying for a loan, comprising the steps of:

  • collecting pre-stored customer data regarding the loan customer;

    collecting new customer data different from the pre-stored customer data;

    combining the pre-stored customer data, the new customer data, and information about the loan into a loan application; and

    transferring the loan application to the loan broker;

    wherein the loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker;

    wherein the loan originator is not the loan customer;

    wherein the loan originator is not the loan broker; and

    wherein the loan originator is at least one member of the financial planning professional collection comprising;

    a financial planner, a CPA, a broker/dealer, a stock broker, an insurance broker/agent, and an attorney.

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