System and method for defining loan products
First Claim
1. A data processing system for processing data regarding a plurality of different types of loan products, wherein the data processing system defines the plurality of types of loan products using a plurality of attributes, wherein different types of loan products are defined using different combinations of the plurality of attributes and/or different values for selected ones of the plurality of attributes, wherein the data processing system comprises pricing logic, the pricing logic being configured to determine purchase prices for loan products and price adjustments for at least some of the plurality of attributes, the price adjustments being usable to adjust a base price to arrive at the purchase price for a particular loan product based on the plurality of attributes.
1 Assignment
0 Petitions
Accused Products
Abstract
A data processing system for processing data regarding a plurality of different types of loan products defines the plurality of types of loan products using a plurality of attributes. The different types of loan products are defined using different combinations of the plurality of attributes and/or different values for selected ones of the plurality of attributes.
-
Citations
29 Claims
- 1. A data processing system for processing data regarding a plurality of different types of loan products, wherein the data processing system defines the plurality of types of loan products using a plurality of attributes, wherein different types of loan products are defined using different combinations of the plurality of attributes and/or different values for selected ones of the plurality of attributes, wherein the data processing system comprises pricing logic, the pricing logic being configured to determine purchase prices for loan products and price adjustments for at least some of the plurality of attributes, the price adjustments being usable to adjust a base price to arrive at the purchase price for a particular loan product based on the plurality of attributes.
-
3. A data processing system for processing loan information, comprising:
-
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 further including pricing logic, the pricing logic including logic configured to associate pricing with loan information based on loan attributes;
reporting logic, the reporting logic including logic configured to receive payment reporting information regarding borrower payments in connection with the plurality of loans, perform loan accounting in connection with the borrower payments, and generate accounting output, the reporting information being received on an ongoing basis throughout at least a portion of a term of each the 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, the creation and maintenance of the plurality of financial assets resulting in the generation of investment information; and
a rules engine, the rules engine comprising a series of business rules; and
wherein the loan information includes the acquisition information, the reporting information, and the investment information, and wherein the rules engine processes the loan information by applying the business rules to the loan information. - View Dependent Claims (4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
-
-
19. A data processing system comprising:
-
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 the acquisition logic including pricing logic to associate pricing with loan information based on loan attributes;
reporting logic, the reporting logic including logic configured to receive payment information regarding borrower payments in connection with the plurality of loans, perform loan accounting in connection with the borrower payments, and generate accounting output, the payment information being received on an ongoing basis throughout at least a portion of a term of each the 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
wherein the acquisition logic, the reporting logic, and the financial asset generation logic are provided on a common integrated data processing platform. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28)
-
-
29. A data processing system comprising:
-
means for receiving acquisition information pertaining to loan term, interest rate, principal owed, and other parameters for a plurality of loans;
means for receiving payment reporting information regarding borrower payments in connection with the plurality of loans;
means for creating and maintaining a plurality of financial instruments backed by a plurality of loans; and
means for associating, pricing with loan information based on loan attributes, whereby loan products can be priced according to loan-level attributes.
-
Specification