Computer implemented automated credit application analysis and decision routing system
First Claim
1. A computer program product having a plurality of program steps to be executed on a computer to generate a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said program product comprising:
- means for providing a database;
means for receiving a credit application from at least one remote application input location, said credit application containing application data;
means for saving said application in said database;
means for selectively forwarding said received credit application to one or more funding sources;
means for receiving a funding decision from said one or more funding sources, said funding decision containing funding source data; and
means for storing said funding source data in said database.
6 Assignments
0 Petitions
Accused Products
Abstract
A credit application and routing system includes a central processor having and executing a program. The system includes data input capabilities for selectively receiving credit application data from respective applicants at remote locations, and routing capabilities for selectively forwarding the credit application data to remote funding sources and selectively forwarding funding decision data from the funding sources to the respective applicants. The computer program includes routines for receiving a credit application from at least one remote application input and display device, for selectively forwarding a received credit application to at least one funding source, for receiving a funding decision from the at least one funding source, and for forwarding a received funding decision to the at least one remote application input and display device. The system can also obtain credit report data from credit bureaua, and analyze and summarize the credit report data. A computer readable storage medium has a substrate physically configured to represent the computer program which causes a computer to provide the credit application and routing system.
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Citations
24 Claims
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1. A computer program product having a plurality of program steps to be executed on a computer to generate a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said program product comprising:
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means for providing a database;
means for receiving a credit application from at least one remote application input location, said credit application containing application data;
means for saving said application in said database;
means for selectively forwarding said received credit application to one or more funding sources;
means for receiving a funding decision from said one or more funding sources, said funding decision containing funding source data; and
means for storing said funding source data in said database. - View Dependent Claims (2, 3, 4, 9, 10)
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5. A method of generating a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said method comprising the steps of:
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a) providing a database;
b) receiving a credit application from a remote application input location said credit application containing application data;
c) storing said application in said database;
d) selectively forwarding said received credit application to one or more funding sources;
e) receiving a funding decision from said one or more funding sources, said funding decision containing funding source data;
f) storing said funding source data in said database; and
g) repeating steps b) thru f) a plurality of times. - View Dependent Claims (6, 7, 8, 11, 12)
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13. An apparatus for generating a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said apparatus comprising:
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a processor configured to;
provide a database;
receive a credit application from a remote application input location, said credit application containing application data;
store said application in said database;
selectively forward said received credit application to one or more funding sources;
receive a funding decision from said one or more funding sources, said funding decision containing funding source data; and
store said funding source data in said database. - View Dependent Claims (14, 15, 16, 17, 18)
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19. A method of generating a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said method comprising the steps of:
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a) providing a database;
b) receiving a credit application from a plurality of remote application input locations, said credit application containing application data;
said plurality of remote application input locations including one or more groups of remote application input locations each belonging to one of a set of dealerships;
c) storing said application in said database;
d) selectively forwarding said received credit application to one or more funding sources;
e) receiving a funding decision from said one or more funding sources, said funding decision containing funding source data;
f) storing said funding source data in said database; and
g) repeating steps b) thru f) a plurality of times. - View Dependent Claims (20)
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21. An apparatus for generating a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said apparatus comprising:
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a processor configured to;
provide a database;
receive a credit application from a plurality of remote application input locations, said credit application containing application data;
said plurality of remote application input locations including one or more groups of remote application input locations each belonging to one of a set of dealerships;
store said application in said database;
selectively forward said received credit application to one or more funding sources;
receive a funding decision from said one or more funding sources, said funding decision containing funding source data; and
store said funding source data in said database. - View Dependent Claims (22)
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23. A computer program product having a plurality of program steps to be executed on a computer to generate a database from which statistical information concerning acceptance and/or rejection of credit applications by funding sources can be derived, said program product comprising:
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means for providing a database;
means for receiving a credit application from a plurality of remote application input locations, said credit application containing application data;
said plurality of remote application input locations including one or more groups of remote application input locations each belonging to one of a set of dealerships;
means for storing said application in said database;
means for selectively forwarding said received credit application to one or more funding sources;
means for receiving a funding decision from said one or more funding sources, said funding decision containing funding source data; and
means for storing said funding source data in said database. - View Dependent Claims (24)
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Specification