Method, system, and computer program product for real property metric monitoring

• US 20040243450A1
• Filed: 12/22/2003
• Published: 12/02/2004
• Est. Priority Date: 06/02/2003
• Status: Abandoned Application

• Current Assignee: Elvin Alvaro Jr. Valverde, Thomas James Jr. Bernard
• Original Assignee: Elvin Alvaro Jr. Valverde, Thomas James Jr. Bernard
• Inventors: Bernard, Thomas James Jr., Valverde, Elvin Alvaro Jr.
• Application Number:
  US10/744,909
• Publication Number:
  US 20040243450A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Disclosed is a monitoring service that includes the steps of aggregating a mortgage insurance payer record for each of a plurality of mortgagors into a set of mortgage insurance payment records, wherein said plurality of mortgagors include mortgagors paying a plurality of different mortgage insurers; monitoring a set of one or more potential mortgage insurance removal triggering events and flagging one of said mortgage insurance payer records that satisfy any criterion associated with any potential mortgage insurance removal triggering event as a potential mortgage insurance removal record, wherein a criterion relates to property asset appreciation; and notifying a mortgagor associated with said potential mortgage insurance removal record that said mortgagor may have an option to remove said mortgage insurance component. A preferred embodiment includes a message box in an electronically accessible format (e.g., on a client webpage), a content of the messagebox dynamically assembled into a content of the webpage, the messagebox providing communication to a client from a product or service provider having access to selected information available through the system (such as that available on the notice, for example).

Claims

1. A monitoring service, comprising:

(a) aggregating a mortgage metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners retaining homeowner-related services from a plurality of different sources;

(b) monitoring a set of one or metric-modification triggering events and flagging one of said metric records that satisfy any criterion associated with any potential metric-modification triggering event as a potential metric report record, wherein a criterion relates to homeowner-related service; and

(c) notifying a homeowner associated with said potential metric record that said homeowner may have an option to modify a homeowner-related service.

2. The monitoring service of claim 1 wherein each metric record identifies one or more mortgage insurance prerequisites for payment of a mortgage insurance component and wherein a set of potential metric-modification triggering events includes an event that determines whether said one or more mortgage insurance prerequisites are satisfied.

3. The monitoring service of claim 1 wherein each metric record identifies one or more mortgage insurance prerequisites for payment of a mortgage insurance component and wherein said set of potential metric-modification triggering events includes an event that determines whether said one or more mortgage insurance prerequisites are no longer satisfied.

4. The monitoring service of claim 1 wherein each metric record identifies one or more mortgage insurance prerequisites for payment of a mortgage insurance component and wherein said set of potential metric-modification triggering events includes an event that determines whether said one or more mortgage insurance prerequisites will not be satisfied in an identified future period.

5. The monitoring service of claim 1 wherein said metric record is obtained from a primary source of information.

6. The monitoring service of claim 1 wherein said metric record is obtained from a secondary source of information.

7. The monitoring service of claim 1 wherein each metric record identifies one or more mortgage insurance prerequisites for payment of a mortgage insurance component and wherein one of said prerequisites is a ratio of a loan obligation to an asset valuation.

8. The monitoring service of claim 7 wherein one of said triggering events includes appreciation of said asset valuation.

9. The monitoring service of claim 7 wherein one of said triggering events includes reducing the principal amount owed on the loan.

10. The monitoring service of claim 8 wherein said appreciation of said asset value is an estimation responsive to data in said metric record.

11. The monitoring service of claim 1 wherein said notifying step includes issuing a correspondence to said homeowner.

12. The monitoring service of claim 10 wherein said correspondence includes a Uniform Resource Locator (URL) to a mortgage insurance removal webservice.

13. The monitoring service of claim 11 wherein said correspondence is an e-mail and said URL is an active link.

14. The monitoring service of claim 11 wherein said mortgage insurance removal webservice includes a subscription service having said metric record for said mortgagor.

15. The monitoring service of claim 13 wherein said subscription service includes a mortgage insurance resource.

16. The monitoring service of claim 14 wherein said metric record is obtained from information submitted by a homeowner who is a mortgagor paying a mortgage insurance component and wherein said mortgage insurance resource is applied to said mortgage insurance payer record automatically.

17. The monitoring service of claim 14 wherein said mortgage insurance resource is available via selection of a sponsored link of said subscription service.

18. A monitoring service, comprising:

means for aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related service providers;

means for monitoring a set of one or more potential metric-modification triggering events and flagging one of said metric-modification records that satisfy any criterion associated with any potential metric-modification triggering event as a potential metric-modification record, wherein a criterion relates to real property; and

means for notifying a homeowner associated with said potential metric-modification record that said homeowner may have an option to modify a homeowner-related service in a beneficial way.

19. A computer program product comprising a computer readable medium carrying program means for carrying out a monitoring service, the computer program product comprising:

code means for aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related service providers;

code means for monitoring a set of one or more potential metric-modification triggering events and flagging one of said metric-modification records that satisfy any criterion associated with any potential metric-modification triggering event as a potential metric-modification record, wherein a criterion relates to real property; and

code means for notifying a homeowner associated with said potential metric-modification record that said homeowner may have an option to modify a homeowner-related service in a beneficial way.

20. An apparatus, comprising:

a datastorage system for aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related service providers;

a computing system for monitoring a set of one or more potential metric-modification triggering events and flagging one of said metric-modification records that satisfy any criterion associated with any potential metric-modification triggering event as a potential metric-modification record, wherein a criterion relates to real property; and

a communications system for notifying a homeowner associated with said potential metric-modification record that said homeowner may have an option to modify a homeowner-related service in a beneficial way.

21. A monitoring method, the method comprising:

(a) aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related service providers;

(b) monitoring a set of one or more potential metric-modification triggering events and flagging one of said metric-modification records that satisfy any criterion associated with any potential metric-modification triggering event as a potential metric-modification record, wherein a criterion relates to real property; and

(c) notifying a homeowner associated with said potential metric-modification record that said homeowner may have an option to modify a homeowner-related service in a way beneficial to said homeowner.

22. The monitoring method of claim 21 wherein said metric record includes a mortgage insurance payment related to a mortgage for each particular homeowner.

23. The monitoring method of claim 22 wherein said notifying step (c) includes a reference to removal of a mortgage insurance payment responsive to a modified property valuation included in a metric record.

24. The monitoring method of claim 21 wherein a metric record includes a property tax assessed value for each real estate property associated with each homeowner.

25. The monitoring method of claim 24 wherein said notifying step (c) includes a reference to a reduction of a property tax assessed value responsive to a modified property valuation.

26. The monitoring method of claim 21 wherein said metric record includes a homeowner'"'"'s insurance premium record related to a homeowner'"'"'s insurance premium for each particular homeowner.

27. A computer program product comprising a computer readable medium carrying program instructions for monitoring real property metrics when executed using a computing system, the executed program instructions executing a method, the method comprising:

(a) aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related service providers;

(b) monitoring a set of one or more potential metric-modification triggering events and flagging one of said metric-modification records that satisfy any criterion associated with any potential metric-modification triggering event as a potential metric-modification record, wherein a criterion relates to real property; and

(c) notifying a homeowner associated with said potential metric-modification record that said homeowner may have an option to modify a homeowner-related service in a way beneficial to said homeowner.

28. The computer program product of claim 27 wherein said metric record includes a mortgage insurance payment related to a mortgage for each particular homeowner.

29. The computer program product of claim 28 wherein said notifying step (c) includes a reference to removal of a mortgage insurance payment responsive to a modified property valuation included in a metric record.

30. The computer program product of claim 27 wherein a metric record includes a property tax assessed value for each real estate property associated with each homeowner.

31. The computer program product of claim 30 wherein said notifying step (c) includes a reference to a reduction of a property tax assessed value responsive to a modified property valuation.

32. The computer program product of claim 27 wherein said metric record includes a homeowner'"'"'s insurance premium record related to a homeowner'"'"'s insurance premium for each particular homeowner.

33. A contacting method, the method comprising:

(a) aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related providers for one or more home-related goods or services;

(b) providing each homeowner of said plurality of homeowners with a report regarding said one or more home-related goods or services; and

(c) integrating a messagebox into each said report, with a content of said messagebox provided by a particular one provider.

34. A computer program product comprising a computer readable medium carrying program instructions for monitoring real property metrics when executed using a computing system, the executed program instructions executing a method, the method comprising:

(a) aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related providers for one or more home-related goods or services;

(b) providing each homeowner of said plurality of homeowners with a report regarding said one or more home-related goods or services; and

.

(c) integrating a messagebox into each said report, with a content of said messagebox provided by a particular one provider.

35. A contacting apparatus, comprising:

means for aggregating a metric record for each of a plurality of homeowners into a set of metric records, wherein said plurality of homeowners include homeowners paying a plurality of different home-related providers for one or more home-related goods or services;

means for providing each homeowner of said plurality of homeowners with a report regarding said one or more home-related goods or services; and

means for integrating a messagebox into each said report, with a content of said messagebox provided by a particular one provider.