Automated credit application system
0 Assignments
0 Petitions
Accused Products
Abstract
A computer based credit application processing system provides a graphical user interface, automatic software update downloading, lender to lender routing of credit applications, and integration with in-house finance and insurance systems and third party data entry facilities, among other features. Web site linkage is also accommodated.
-
Citations
39 Claims
-
1-31. -31. (canceled)
-
32. A system for managing a credit application comprising:
-
an application entry and display device for entering credit application data associated with a credit application and forwarding it to a host;
a host for receiving credit application data from the application entry and display device, and selectively forwarding the credit application data to at least one funding source by;
(i) sending at least a portion of the credit application data to a plurality of funding sources at substantially the same time;
(ii) sending at least a portion of the credit application data to a plurality of funding sources sequentially until a positive funding decision is obtained;
(iii) sending at least a portion of the credit application data to a first funding source and, after a predetermined time, sending at least a portion of the credit application data to another funding source until a positive funding decision is obtained or all funding sources have been exhausted;
or (iv) sending at least a portion of the credit application data from a first funding source to a second funding source if the first funding source declines to approve the credit application; and
a transmitter for forwarding funding decision data from a funding source to the application entry and display device. - View Dependent Claims (33, 34, 35)
-
-
36. A system for managing a credit application comprising:
-
an application entry and display device for entering credit application data associated with a credit application and forwarding it to a host;
a host for receiving credit application data from the application entry and display device, and selectively forwarding the credit application data to at least one funding source by sending at least a portion of the credit application data to a first funding source and forwarding the sent data from the first funding source to a second funding source if the first funding source declines to approve the credit application; and
a transmitter for forwarding funding decision data from at least one of the first and second funding sources to the application entry and display device. - View Dependent Claims (37, 38, 39)
-
Specification