System and method of compiling real property information from a central database

• US 20050080702A1
• Filed: 09/30/2003
• Published: 04/14/2005
• Est. Priority Date: 09/30/2003
• Status: Active Grant

• Current Assignee: U-Haul International Incorporated (U-Haul Holding Co.)
• Original Assignee: U-Haul International Incorporated (U-Haul Holding Co.)
• Inventors: Modi, Manoj
• Granted Patent: US 7,464,109 B2
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06Q 50/40 Business processes related to the transportation industry shipping G06Q10/083
• CPC Class Codes: Y02P 90/90 Financial instruments for climate change mitigation, e.g. environmental taxes, subsidies or financing
• CPC Class Codes: Y10S 707/99945 Object-oriented database structure processing
• CPC Class Codes: Y10S 707/99948 Application of database or data structure, e.g. distributed, multimedia, or image

Abstract

A computer network (10) uses a central database (48) to manage a portfolio of real property holdings. The real property information related to the portfolio is stored on the central database and organized into a plurality of information categories. A computer hosts a website (60) for users to access the central database and view one or more categories of the real property information. Each authorized user can edit the real property information and save the edited real property information back to the central database. Other users access the edited real property information from the central database. The central database can also be used to compile real property information for offering as collateral in a loan package. The lender is given access to the real property information through the website. The real property information as selected for review by the lender is made available on the website.

Claims

1. A method of compiling real property information from a central database, comprising:

providing a website;

storing real property information from a portfolio of real properties on the central database;

providing a set of real properties from the portfolio of real properties to be offered as collateral in a loan package;

providing access to the real property information related to the set of real properties to a lender through the website, wherein the lender makes selections to view the real property information which is retrieved from the central database; and

displaying the real property information as selected by the lender on the website.

2. The method of claim 1 further including:

accessing the real property information from the central database through a communication network; and

displaying the real property information for the lender operating a computer system remote from the central database.

3. The method of claim 1 wherein the step of providing a set of real properties includes the steps of:

determining a valuation of each of the portfolio of real properties; and

selecting ones of the portfolio of real properties to form the set of real properties such that a total valuation of the set of real properties is sufficient for the loan package.

4. The method of claim 1 further including the step of providing a log-in code to the lender, wherein the log-in code limits the lender to viewing the real property information related to the set of real properties.

5. The method of claim 4 further including the step of providing search selections for the lender to search based on attributes of the set of real properties.

6. The method of claim 5 further including the step of providing a summary of search results for a plurality of real properties when search selections match more than one real property.

7. The method of claim 1 further including the step of displaying only a first portion of the real property information related to the set of real properties which is approved for lender viewing.

8. The method of claim 7 further including the step of adding a second portion of real property information to that approved for lender viewing upon receiving a request from the lender for the second portion of real property information.

9. A method of using a central database to compile real property information, comprising:

providing a first set of real properties selected from a portfolio of real properties;

providing access to real property information related to the first set of real properties for a first user through a website, wherein the first user makes selections to view the real property information which is retrieved from the central database; and

displaying the real property information as selected by the first user on the website.

10. The method of claim 9 further including:

providing a second set of real properties from a portfolio of real properties;

providing access to real property information related to the second set of real properties for a second user through the website, wherein the second user makes selections to view the real property information which is retrieved from the central database; and

displaying the real property information as selected by the second user on the website.

11. The method of claim 10 further including providing access to the real property information related to the second set of real properties for the first user through the website.

12. The method of claim 9 further including:

accessing the real property information from the central database through a communication network; and

displaying the real property information for the first user operating a first computer system remote from the central database.

13. The method of claim 9 wherein the step of providing a first set of real properties includes the steps of:

determining a valuation of each of the portfolio of real properties; and

selecting ones of the portfolio of real properties to form the first set of real properties having a total valuation at least to a predetermined threshold.

14. The method of claim 9 further including the step of providing a log-in code to the first user, wherein the log-in code limits the first user to viewing real property information related to the first set of real properties.

15. The method of claim 14 further including the step of providing search selections for the first user to search based on attributes of the first set of real properties.

16. The method of claim 15 further including the step of providing a summary of search results for a plurality of real properties when search selections match more than one real property.

17. The method of claim 9 further including the step of displaying only a first portion of the real property information related to the first set of real properties which is approved for user viewing.

18. The method of claim 17 further including the step of adding a second portion of real property information related to the set of real properties to that approved for user viewing upon receiving a request from the first user for the second portion of real property information.

19. A method of compiling real property information from a central database, comprising:

providing a set of real properties selected from a portfolio of real properties;

providing access to a website for a user;

retrieving real property information related to the set of real properties from the central database in response to selections made by the user; and

displaying the real property information retrieved from the central database on the website.

20. The method of claim 19 further including:

accessing the real property information from the central database through a communication network; and

displaying the real property information for the user operating a computer system remote from the central database.

21. The method of claim 19 further including the step of providing a log-in code to the user, wherein the log-in code limits the user to viewing real property information related to the set of real properties.

22. The method of claim 21 further including the step of providing search selections for the user to search based on attributes of the set of real properties.

23. The method of claim 22 further including the step of providing a summary of search results for a plurality of real properties when search selections match more than one real property.

24. The method of claim 23 further including the step of displaying only a portion of the real property information related to the set of real properties which is approved for user viewing.

25. A computer system for managing real property, comprising:

means for providing a set of real properties selected from a portfolio of real properties;

means for providing access to a website for a user;

means for retrieving real property information related to the set of real properties from the central database in response to selections made by the user; and

means for displaying the real property information retrieved from the central database on the website.

26. The computer system of claim 25 further including:

means for accessing the real property information from the central database through a communication network; and

means for displaying the real property information for the user operating a computer system remote from the central database.