System and method for loan application generation

• US 20040088246A1
• Filed: 11/05/2002
• Published: 05/06/2004
• Est. Priority Date: 11/05/2002
• Status: Abandoned Application

• Current Assignee: Global Student Loan Corporation
• Original Assignee: Global Student Loan Corporation
• Inventors: Jepsen, Keith J., Harkola, Steven
• Application Number:
  US10/288,198
• Publication Number:
  US 20040088246A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system and method for facilitating an application between an applicant and a plurality of partners is disclosed. The system may include a processing unit and a memory portion in communication with the processing unit having information stored therein to configure the processing unit to receive a plurality of partner defined question sets, to receive first data from the applicant, and to generate an application for the applicant. At least one partner is selected from the plurality of partners in response to the first data received from the applicant. The application includes at least one question from the partner defined question set of the selected partner.

Claims

1. A system for facilitating a loan between a borrower and a plurality of partners, the system comprising:

a processing unit;

a memory portion in communication with the processing unit having information stored therein to configure the processing unit to;

receive a plurality of partner defined question sets;

receive first data from the borrower; and

generate a loan application for the borrower;

wherein at least one partner is selected from the plurality of partners in response to the first data received from the borrower;

wherein the loan application includes at least one question from the partner defined question set of the selected partner.

2. The system of claim 1, wherein the processing unit is further configured to provide the loan application to the borrower.

3. The system of claim 2, wherein the processing unit is further configured to receive second data from the borrower in response to the loan application being provided to the borrower.

4. The system of claim 3, wherein the first and second data is presented to at least one of a lender, a guarantor and a school.

5. The system of claim 3, wherein the first data and second data comprise a completed loan application.

6. The system of claim 3, wherein the processing unit is further configured to provide a loan origination record to a loan origination partner.

7. The system of claim 1, wherein selecting a partner comprises providing a list of partners to the borrower.

8. The system of claim 7, wherein borrower selects at least one partner from the list of partners.

9. The system of claim 1, wherein the processor is configured to provide first data in at least two languages.

10. A method for generating an application for an applicant, the method comprising:

providing a first registration template for a plurality of partners;

receiving partner registration data from the plurality of partners, wherein the partner registration data comprises at least one question determined by least one partner of the plurality of partners;

providing a second registration template for completion by the applicant; and

generating a dynamic application for completion by the applicant, wherein the dynamic application further comprises the at least one partner determined question.

11. The method of claim 10, wherein the plurality of partners comprises at least one of a school, a lender and a guarantor, a credit card company, a bank and an employer.

12. A method for generating an application for an applicant, the method comprising:

receiving a plurality of partner defined question sets;

receiving first data from the applicant; and

generating an application for the applicant;

wherein at least one partner is selected from the plurality of partners in response to the first data received from the applicant;

wherein the application includes at least one question from the partner defined question set of the selected partner.

13. The system of claim 12, wherein the application is one of a student loan application, a consumer loan application, a credit card application, a school admission application, an employment application, and a loan application.

14. The system of claim 12, further comprising providing the application to the applicant.

15. The system of claim 14, further comprising receiving second data from the applicant in response to the application being provided to the applicant.

16. The system of claim 15, wherein the first and second data is presented to at least one of a school, a lender, a guarantor, a credit card company, a bank and an employer.

17. The system of claim 15, wherein the first data and second data comprise a completed application.

18. The system of claim 15, further comprising providing a loan origination record to a loan origination partner.

19. The system of claim 12, wherein selecting a partner comprises providing a list of partners to the applicant.

20. The system of claim 19, wherein the applicant selects at least one partner from the list of partners.

21. The system of claim 12, further comprising providing first data in at least two languages.