Apparatus and method for document processing
First Claim
1. A method comprising the steps of:
- implementing at least one form to be used in offering a mortgage;
incorporating said at least one form into at least one universal document library;
promoting said at least one universal document library for testing;
testing said at least one universal document library to achieve a result;
promoting said at least one universal document library for production use if said result is positive; and
procuring a plurality of mortgage related forms from said at least one universal document library.
1 Assignment
0 Petitions
Accused Products
Abstract
A computer-based hosted service for the standardization and implementation of holistic mortgage finance transactions is disclosed. The computer-based service allows a participant in the finance transaction to combine all required loan information for a given loan program into a single universal document library, coupled with the required forms, rules, database management tools and routines necessary to support various multiple in-process revisions and change control features for providing specific loan documents. By accessing the service, a lender can implement multiple versions of basic loan documents in various formats and manage the required changes through a controlled series of review and approval steps. In the most preferred embodiments of the present invention, the universal document library incorporates a flexible methodology for creating and simultaneously managing multiple loan document collections, thereby allowing for a virtually unlimited number of customized loan programs and documents to support the various loan programs.
42 Citations
22 Claims
-
1. A method comprising the steps of:
-
implementing at least one form to be used in offering a mortgage;
incorporating said at least one form into at least one universal document library;
promoting said at least one universal document library for testing;
testing said at least one universal document library to achieve a result;
promoting said at least one universal document library for production use if said result is positive; and
procuring a plurality of mortgage related forms from said at least one universal document library. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. An apparatus comprising:
-
at least one processor;
a memory coupled to said at least one processor;
at least one universal document library residing in said memory; and
at least one tool residing in said memory, said at least one tool comprising at least one of;
a form mapper tool, said form mapper tool providing an interface for mapping at least one form field to a form;
a library manager residing in said memory, said library manager being configured to incorporate at least one form into said at least one universal document library;
a rule writer, said rule writer being configured to create, track, update, and maintain a plurality of rules that are used in conjunction with at least one document package and at least one document collection; and
an issue manager, said issue manager being configured to track at least one issue, said at least one issue comprising an identifier, a name, and a description. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18)
-
-
19. A program product comprising:
-
a plurality of tools, said plurality of tools comprising;
a form mapper tool, said form mapper tool being configured to provide an interface for mapping at least one form field to a form;
a library manager, said library manager being configured to incorporate at least one form into at least one universal document library;
a rule writer, said rule writer being configured to create, track, update, and maintain a plurality of rules that are used in conjunction with at least one document package and at least one document collection; and
an issue manager, said issue manager being configured to track at least one issue, said at least one issue comprising an identifier, a name, and a description; and
a signal bearing media bearing said plurality of tools. - View Dependent Claims (20, 21, 22)
-
Specification