Method of refinancing a mortgage loan and a closing package for same
First Claim
1. A method of refinancing a mortgage loan comprising:
- pre-approving a customer for refinancing of a mortgage loan;
sending an offer for said refinancing to said customer, said offer comprising materials setting forth the terms of said refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how said customer may accept said offer;
receiving an indication of acceptance of said offer from said customer; and
sending a closing package to said customer to be executed by said customer, said execution by said customer creating a refinancing loan agreement.
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0 Petitions
Accused Products
Abstract
A method of refinancing a mortgage loan is provided. The method of refinancing a mortgage loan comprises pre-approving a customer for refinancing of a mortgage loan. This customer is sent a pre-screened offer. The offer comprises materials setting forth the terms of the refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how the customer may accept the offer. Upon receiving an indication of acceptance of the offer from the customer, a closing package is sent to the customer to be executed by the customer. The execution of the closing package by the customer creates a refinancing loan agreement. Also provided is a closing package for a mortgage loan comprising closing documents and a format and instructions providing specific guidance to the customer for completion and execution of the closing documents.
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Citations
108 Claims
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1. A method of refinancing a mortgage loan comprising:
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pre-approving a customer for refinancing of a mortgage loan;
sending an offer for said refinancing to said customer, said offer comprising materials setting forth the terms of said refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how said customer may accept said offer;
receiving an indication of acceptance of said offer from said customer; and
sending a closing package to said customer to be executed by said customer, said execution by said customer creating a refinancing loan agreement. - View Dependent Claims (2, 3)
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4. A method of refinancing a mortgage loan comprising:
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pre-approving a customer;
receiving a request from said pre-approved customer for refinancing of a mortgage loan;
communicating an offer for said refinancing to said customer, said offer comprising materials setting forth the terms of said refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how said customer may accept said offer;
receiving an indication of acceptance of said offer from said customer; and
sending a closing package to said customer to be executed by said customer, said execution by said customer creating a refinancing loan agreement.
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5. A method of refinancing a mortgage loan comprising:
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selecting a customer from a group of customers who have existing mortgage loans;
pre-approving said selected customer for a refinanced mortgage loan;
preparing an offer for said refinanced mortgage loan for said pre-approved customer, said offer comprising materials setting forth the terms of said refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how said customer may accept said offer; and
sending said offer to said pre-approved customer. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75)
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76. A method of refinancing a mortgage loan comprising:
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providing a master database of customers;
selecting a set of primary criteria to apply as filters to said master database of customers;
supplying said set of primary criteria to an automated information management system;
filtering said master database of customers with said automated information management system, said automated information management system applying said primary criteria to select said group of customers from said master database;
creating a target list of customers from said customers in said master database who satisfy said primary criteria applied by said automated information management system;
selecting a set of secondary criteria;
filtering said target list of customers with said secondary criteria;
pre-approving said customers who satisfy said secondary criteria for a refinanced mortgage loan;
preparing offer files for said pre-approved customers;
producing offer letters for said pre-approved customers, said offer letters containing offers from said offer files, said offers comprising materials setting forth terms of said refinanced mortgage loan, materials providing all required pre-acceptance disclosures, and instructions describing how said customer may accept said offer; and
sending said offer letters to said pre-approved customers. - View Dependent Claims (77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98)
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- 99. A closing package for a mortgage loan comprising closing documents to be completed and executed by a customer for completion of a mortgage loan agreement, said documents comprising a format and instructions, said format and said instructions providing specific guidance to said customer for completing and executing said closing documents.
Specification