System and method for defining loan products
First Claim
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1. A method of configuring a data processing system comprising:
- configuring the data processing system to process data in connection with a plurality of types of loan products, including defining the plurality of types of loan products in the data processing system 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; and
configuring the data processing system to process data in connection with a new type of loan product.
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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.
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21 Claims
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1. A method of configuring a data processing system comprising:
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configuring the data processing system to process data in connection with a plurality of types of loan products, including defining the plurality of types of loan products in the data processing system 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; and
configuring the data processing system to process data in connection with a new type of loan product. - View Dependent Claims (2, 3, 4)
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5. A method for creating a new mortgage product, comprising:
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identifying attributes from a plurality of possible attributes to be included in the custom mortgage product;
associating a value with each of the identified attributes to be included in the custom mortgage product;
storing information identifying the new mortgage product as including the identified attributes and associated values. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12)
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13. A method for creating a new mortgage product, comprising:
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receiving a first indication of a selected one of a plurality of predetermined types of mortgage products;
identifying a plurality of attributes associated with the selected predetermined type of mortgage product, each of the plurality of attributes having a corresponding value;
receiving a second indication either identifying an additional attribute different from the identified plurality of attributes or identifying a changed value for the value of one of the identified plurality of attributes; and
storing information identifying the new mortgage product as including the plurality of attributes associated with the selected predetermined type of mortgage product and either the additional attribute or the changed value identified by the second indication. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21)
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Specification