System and method for consolidation of commercial and professional financial underwriting
First Claim
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1. A method for commercial loan decisioning, comprising the steps of:
- consolidating financial information from at least one of a borrower, a guarantor and a property into a central database;
calculating financial cash flow for at least one of the guarantor and the borrower; and
unifying individual and corporate financial wealth to determine global debt service.
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Abstract
The invention provides an automated financial information management and processing system. The invention allows for the consolidation of commercial lending, commercial real estate lending, personal financial underwriting, risk assessment and decisioning into a single platform. The invention allows for the integration personal and corporate financial information for lending decisioning.
37 Citations
29 Claims
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1. A method for commercial loan decisioning, comprising the steps of:
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consolidating financial information from at least one of a borrower, a guarantor and a property into a central database;
calculating financial cash flow for at least one of the guarantor and the borrower; and
unifying individual and corporate financial wealth to determine global debt service. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method for commercial loan decisioning, comprising the steps of:
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receiving a loan request;
determining whether a threshold criteria is met;
conducting a fraud check and a risk assessment;
obtaining bureau data and financial spreads information; and
generating an automated underwriting decision based upon the bureau data and financial spreads information. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25)
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26. A consolidated lending and underwriting platform, comprising at least one of a:
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a score-based decisioning engine for determining lending decisions utilizing individual financial information and corporate financial information and utilizing credit information from third party sources;
a non-score based decisioning engine for determining lending decisions utilizing individual financial information and corporate financial information and utilizing historical data, balance sheets and cash flow; and
a commercial real estate engine for determining lending decisions related to the acquisition of properties. - View Dependent Claims (27, 28)
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29. A computer program product for commercial loan decisioning, the computer program product including a computer usable storage medium having computer readable program code means embodied on the medium, the computer program product executing the steps of:
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receiving a loan request;
determining whether a threshold criteria is met;
conducting a fraud check and a risk assessment;
obtaining bureau data and financial spreads information; and
generating an automated underwriting decision based upon the bureau data and financial spreads information.
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Specification