System and method of processing asset financing transactions
First Claim
1. A computer implemented method of processing asset financing transactions, comprising:
- providing for selection of a single financial institution to receive a financing package;
providing a plurality of data entry screens configured to requirements of the single financial institution for entry of financing information; and
compiling the financing package from the financing information for submission to the single financial institution.
1 Assignment
0 Petitions
Accused Products
Abstract
A computer system processes asset financing transactions. An applicant provides loan information related to financing of an asset. A single lender is selected to receive a loan package based on the loan information and knowledge and prior experience attributed to the single lender. A plurality of data entry screens are configured to requirements of the single lender. The loan information is entered into fields of the data entry screens. The loan information is validated upon entry. The loan package from the loan information is compiled for submission to the single lender. The loan package may be pre-approved by the dealer prior to submission to the single lender. The system further provides for status request of loan applications based on search criteria, requesting credit reports of applicant, and electronic messaging with the single lender.
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Citations
34 Claims
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1. A computer implemented method of processing asset financing transactions, comprising:
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providing for selection of a single financial institution to receive a financing package;
providing a plurality of data entry screens configured to requirements of the single financial institution for entry of financing information; and
compiling the financing package from the financing information for submission to the single financial institution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of processing asset financing transactions through a dealer, comprising:
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providing for selection of a single lender to receive a financing package;
providing a data entry screen for entering financing information into fields of the data entry screen;
compiling the financing package from the financing information entered into the fields of the data entry screen; and
providing for pre-approval of the loan package prior to submission to the single lender. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A method of processing asset financing transactions, comprising:
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providing a process for receiving financing information related to financing of an asset;
providing for selection of a single financial institution to receive a financing package compiled from the financing information; and
transmitting the financing package to the single financial institution. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27)
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28. A method of processing asset financing transactions, comprising:
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providing a process for receiving loan information related to financing of an asset, wherein the process includes a data entry screen configurable to receive multiple forms of collateral information;
providing for selection of a single financial institution to receive a financing package compiled from the financing information; and
transmitting the financing package to the single financial institution.
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29. A computer program product usable with a programmable computer processor having a computer readable program code embodied therein, comprising:
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computer readable program code which receives financing information related to financing of an asset;
computer readable program code which provides for selection of a single financial institution to receive a financing package;
computer readable program code which provides for entry of financing information into fields of a data entry screen; and
computer readable program code which compiles the financing package from the financing information for submission to the single financial institution. - View Dependent Claims (30, 31)
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32. A computer system for processing asset financing transactions, comprising:
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means for receiving loan information related to financing of an asset;
means for selecting a single lender to receive a loan package;
means for providing a data entry screen for entering the loan information into fields of the data entry screen; and
means for compiling the loan package from the loan information for submission to the single lender. - View Dependent Claims (33, 34)
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Specification