Networked loan market and lending management system
First Claim
1. Apparatus for generating and processing lending and borrowing orders, comprising:
- a borrowing order receiver, configured to receive at least one borrowing order from at least one borrower, said borrowing order comprising borrower-requested loan terms;
a lending order receiver, configured to receive at least one lending order from at least one lender, said lending order comprising lender-requested loan terms; and
a matcher, associated with said borrowing order receiver and said lending order receiver, and configured to automatically provide at least one match to a respective current lending order from amongst said borrowing orders, such that said matched orders are mutually satisfied with respect to said loan terms.
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Accused Products
Abstract
A system for matching lending orders and borrowing orders as well as optional subsidizing orders and/or selling orders and generating composite loans and portfolio loans, as well as a loan manager that manages the life cycle of composite loans and portfolio loans: The system includes: a borrowing order receiver, configured to receive at least one borrowing order from at least one borrower, the borrowing order comprising borrower-requested loan terms; a lending order receiver, configured to receive at least one lending order from at least one lender, the lending order comprising lender-requested loan terms; a matcher, associated with the borrowing order receiver and the lending order receiver, and configured to automatically provide at least one match to a respective current lending order from amongst the borrowing orders, such that the matched orders are mutually satisfied with respect to the loan terms and a loan manager configured to collects information about loans, update the loans data base, issue funds transfer instructions, instruct third parties to perform tasks related to loans, and issue reports about loans.
104 Citations
53 Claims
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1. Apparatus for generating and processing lending and borrowing orders, comprising:
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a borrowing order receiver, configured to receive at least one borrowing order from at least one borrower, said borrowing order comprising borrower-requested loan terms;
a lending order receiver, configured to receive at least one lending order from at least one lender, said lending order comprising lender-requested loan terms; and
a matcher, associated with said borrowing order receiver and said lending order receiver, and configured to automatically provide at least one match to a respective current lending order from amongst said borrowing orders, such that said matched orders are mutually satisfied with respect to said loan terms. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 52)
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31. Method for generating and processing lending and borrowing orders, comprising:
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receiving at least one borrowing order from at least one borrower, said borrowing order comprising borrower-requested loan terms;
receiving at least one lending order from at least one lender, said lending order comprising lender-requested loan terms; and
automatically providing a match to a current lending order from amongst said borrowing orders, such that said matched orders are mutually satisfied with respect to said loan terms. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 53)
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Specification