Interactive loan information importing and editing web-based system

• US 20070050285A1
• Filed: 08/26/2005
• Published: 03/01/2007
• Est. Priority Date: 08/26/2005
• Status: Abandoned Application

• Current Assignee: Infotrak Incorporated
• Original Assignee: Infotrak Incorporated
• Inventors: Freeman, Cheryl
• Application Number:
  US11/211,738
• Publication Number:
  US 20070050285A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

An interactive information management system generates a hierarchy of web pages for allowing mortgage brokers, lenders, and/or other personnel to track and manage each stage of the process of acquiring a mortgage. One web page includes a database search capability which is performed based on one or more user-specified criteria. Other pages provide more detailed information of loan records produced by the search. These pages serve as a useful tool in improving the efficiency of the mortgage acquisition process. They also help mortgage brokers better manage their accounts. The system also generates a qualifier sheet which allows different loan products to be compared. This additional functionality allows the system to further serve as a marketing tool locating the best financing options for borrowers.

Claims

1. An interactive information management system, comprising:

a communications port;

a database to store mortgage information;

a processor, coupled to the communications port, to generate an electronic qualifier sheet based on information received through the communications port, said qualifier sheet providing a comparison between different loan products available to a borrower seeking to secure financing for a property.

2. The system of claim 1, wherein the processor executes an import function to receive information on said different loan products from different external sources.

3. The system of claim 2, wherein the processor converts the loan information imported from different sources into a common format for display in the qualifier sheet.

4. The system of claim 1, wherein the qualifier sheet includes a comparison of rates, monthly payments, estimated closing costs, and property taxes for the property in accordance with terms and conditions of each of the loan products.