System and method for modifying attribute data pertaining to financial assets in a data processing system
First Claim
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1. A processing system for modifying attributes of a plurality of loans comprising:
- an attribute change processor for receiving and implementing a proposed change to at least one attribute of at least one of the plurality of loans; and
a loan pricing processor for generating a pricing value associated with the proposed change to the at least one attribute of the at least one loan.
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Abstract
A processing system for modifying attributes of a plurality of loans is described. The processing system includes an attribute change processor for receiving and implementing a proposed change to an attribute of at least one of the plurality of loans and a loan pricing processor for generating a pricing value associated with the proposed change to the attribute of the at least one loan.
175 Citations
48 Claims
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1. A processing system for modifying attributes of a plurality of loans comprising:
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an attribute change processor for receiving and implementing a proposed change to at least one attribute of at least one of the plurality of loans; and
a loan pricing processor for generating a pricing value associated with the proposed change to the at least one attribute of the at least one loan. - View Dependent Claims (2, 3, 4, 5)
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6. A method of maintaining attributes associated with a financial asset stored on a record in a data storage system, the method comprising:
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receiving a search request to retrieve at least one record from the data storage system that satisfy the search request, wherein the at least one record contains attributes related to the at least one financial asset;
retrieving at least one record from the data storage system;
displaying at least one attribute associated with at least one retrieved record;
receiving a request to modify the at least one attribute associated with the at least one retrieved record; and
applying at least one business rule to the attribute modification request to validate the attribute modification request. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method of maintaining attributes associated with a financial asset stored on a record in a data storage system, the method comprising:
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receiving a search request to retrieve at least one record from the data storage system that satisfy the search request, wherein the at least one record contains attributes related to the at least one financial asset;
retrieving at least one record from the data storage system;
displaying at least one attribute associated with at least one retrieved record;
receiving a request to modify the at least one attribute associated with the at least one retrieved record; and
generating pricing information based on the modification request to calculate the effect of the modification on pricing information associated with the at least one financial asset. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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28. A data processing system for processing loan information, comprising:
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acquisition logic, the acquisition logic including logic configured to receive acquisition information pertaining to loan term, interest rate, principal owed and other attributes for a plurality of loans;
a data storage system, the data storage system configured to receive and store the attributes for each of the plurality of loans in a record associated with the loan for storage in a searchable database;
an attribute change processing system, the attribute change processing system configured to receive and process requests to modify one or more attributes for one or more of the plurality of loans stored in the searchable database; and
a rules engine, the rules engine comprising a series of business rules, wherein the rules engine is activated by the attribute change processing system to apply the business rules to the requests to modify the one or more attributes associated with the one or more of the plurality of loans. - View Dependent Claims (29, 30, 31, 32, 33, 34)
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35. A data processing system comprising:
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acquisition logic, the acquisition logic including logic configured to receive information pertaining to loan term, interest rate, principal owed and other parameters for a plurality of loans;
financial asset generation logic, the financial asset generation logic including logic configured to facilitate creation and maintenance of a plurality of financial assets backed by the plurality of loans; and
a data storage system, the data storage system configured to receive and store the attributes for each of the plurality of loans in a record associated with the loan for storage in a searchable database;
an attribute change processing system, the attribute change processing system configured to receive and process requests to modify one or more attributes for one or more of the plurality of loans stored in the searchable database; and
a rules engine, the rules engine comprising a series of business rules, wherein the rules engine is activated by the attribute change processing system to apply the business rules to the requests to modify the one or more attributes associated with the one or more of the plurality of loans, and wherein the acquisition logic, the financial asset generation logic, and the attribute change processing logic are provided on a common integrated data processing platform. - View Dependent Claims (36, 37, 38, 39, 40, 41)
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42. A data processing system comprising:
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(A) acquisition logic, the acquisition logic including logic configured to receive acquisition information pertaining to loan term, interest rate, principal owed and other parameters for a plurality of loans, the acquisition logic including (1) committing logic configured to permit a seller of the plurality of loans to enter into a commitment to sell the loans, (2) pricing logic configured to determine selling prices from the plurality of loans, and (3) deal management logic configured to track terms of deals entered into with the seller of the plurality of loans;
(B) a rules engine, the rules engine comprising a series of business rules;
(C) a common data storage system, the data storage system being commonly accessible to the acquisition logic, the rules engine, and an attribute change processing logic; and
(D) attribute change processing logic, the attribute change processing logic including logic configured to receive a request to modify one or more attributes associated with one of more loans, the attribute change processing logic including logic for (1) receiving a request to modify one or more attributes associated with one or more loans, (2) retrieving the one or more loans from the common data storage system, (3) invoking the rules engine to determine the validity of the modification request;
wherein the acquisition logic and the attribute change processing logic are provided on a common integrated data processing platform. - View Dependent Claims (43, 44, 45, 46, 47, 48)
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Specification