Integrated method loan and financial planning system and method

• US 20060015423A1
• Filed: 07/14/2004
• Published: 01/19/2006
• Est. Priority Date: 07/14/2004
• Status: Abandoned Application

• Current Assignee: Todd K. Ballenger
• Original Assignee: Todd K. Ballenger
• Inventors: Ballenger, Todd K.
• Application Number:
  US10/890,752
• Publication Number:
  US 20060015423A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

An integrated mortgage loan and financial planning system for use by an integrated network of service providers within a predetermined community utilizing a shared, automatically-generated mortgage loan and financial planning application with a client'"'"'s information for evaluation and approval by members of a network of service providers providing integrated mortgage loan and financial planning. Also, a system and method for providing a client'"'"'s integrated mortgage loan and financial planning information to a network of financial service providers.

Claims

1. ) An integrated mortgage loan and financial planning system for use by an integrated network of service providers within a predetermined community, the system comprising:

at least one computer-based scenario desk with a display having an input device and user interface provided thereon that is viewable by at least one user for inputting input information and reviewing output information;

the input information including a client'"'"'s financial history, personal data, and status;

the output information including a summary of the input information and output information selected from the group consisting of;

current liabilities, recommended debt structure, asset accumulation, total real estate investment value, risk information and/or analyses, mortgage loan-related data, estimates and scenarios for mortgage loan structure, notes, and combinations thereof;

thereby providing an integrated mortgage loan and financial planning system for providing investment results and options to the client.

2. ) The system of claim 1, wherein the output information further includes diagrammatic or visual summary information relating to mortgage loan analyses information selected from the group consisting of risk, target points, modeling, mortgage loan type advantages/disadvantages, and combinations thereof.

3. ) A network with network members comprising service providers for providing integrated mortgage loan and financial planning, the network comprising:

at least one computer-based scenario desk with a display having an input device and user interface provided thereon that is viewable by at least one user for inputting input information and reviewing output information;

the input information including a client'"'"'s financial history, personal data, and status;

the output information including a summary of the input information and output information selected from the group consisting of;

current liabilities, recommended debt structure, asset accumulation, total real estate investment value, risk information and/or analyses, mortgage loan-related data, estimates and scenarios for mortgage loan structure, notes, and combinations thereof;

the at least one scenario desk user in electronic communication with the other members of the network for sharing the input and output information;

thereby providing an integrated mortgage loan and financial planning network for providing investment results and options to the client.

4. ) The system of claim 3, wherein the output information further includes diagrammatic or visual summary information relating to mortgage loan analyses information selected from the group consisting of risk, target points, modeling, mortgage loan type advantages/disadvantages, and combinations thereof.

5. ) A shared, automatically-generated mortgage loan and financial planning application with a client'"'"'s information for evaluation and approval by members of a network of service providers providing integrated mortgage loan and financial planning, the application comprising:

input information including the client'"'"'s financial history, personal data, and status; and

output information including output information selected from the group consisting of;

current liabilities, recommended debt structure, asset accumulation, total real estate investment value, risk information and/or analyses, mortgage loan-related data, estimates and scenarios for mortgage loan structure, notes, and combinations thereof;

6. ) The system of claim 5, wherein the output information further includes diagrammatic or visual summary information relating to mortgage loan analyses information selected from the group consisting of risk, target points, modeling, mortgage loan type advantages/disadvantages, and combinations thereof.

7. ) A method for providing a client'"'"'s integrated mortgage loan and financial planning information to a network of financial service providers, the method steps comprising:

providing a network of at least one computer-based scenario desks with display having an input device and a user interface, viewable by at least one financial service provider, inputting information and reviewing output information;

inputting information, including a mortgage loan applicant'"'"'s financial history, personal data, and status;

performing a suitability analysis and an eligibility analysis to find the most suitable program for which the mortgage loan applicant is eligible;

outputting information, including a summary of the input information, current liabilities, recommended debt structure, asset accumulation, total real estate investment value, risk information and/or analyses, mortgage loan-related data, estimates and scenarios for mortgage loan structure, and notes;

thereby providing an integrated mortgage loan and financial planning information for providing investment results and options to the client.

8. ) The method of claim 7, further including the step of submitting the mortgage loan plan to a lender for closing and fulfillment.

9. ) The method of claim 7, wherein the output information further includes diagrammatic or visual summary information relating to mortgage loan analyses information selected from the group consisting of risk, target points, modeling, mortgage loan type advantages/disadvantages, and combinations thereof.