Methods and systems for deal structuring for automobile dealers
First Claim
1. A method for structuring a deal by a dealer, using a network based system including a server system coupled to a centralized database and at least one client system, said method comprising:
- receiving a loan application from a buyer regarding the deal and running a credit report based on the loan application;
analyzing the credit report to evaluate the buyer'"'"'s creditworthiness in relationship to the deal; and
structuring the deal by the server system based on the buyer'"'"'s creditworthiness and pre-determined credit criteria.
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Accused Products
Abstract
A method for deal structuring by a dealer, using a network based system including a server system coupled to a centralized database and at least one client system is disclosed. The method comprises receiving a loan application from a buyer regarding the deal, running a credit report based on the loan application, analyzing and scoring the credit report to evaluate the buyer'"'"'s creditworthiness in relationship to the deal, and structuring the deal based on the buyer'"'"'s creditworthiness. In an exemplary embodiment, the method provides guidance to the dealer utilizing a cartoon character based on pre-determined credit criteria to adjust various parameters to successfully structure the deal.
43 Citations
49 Claims
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1. A method for structuring a deal by a dealer, using a network based system including a server system coupled to a centralized database and at least one client system, said method comprising:
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receiving a loan application from a buyer regarding the deal and running a credit report based on the loan application;
analyzing the credit report to evaluate the buyer'"'"'s creditworthiness in relationship to the deal; and
structuring the deal by the server system based on the buyer'"'"'s creditworthiness and pre-determined credit criteria. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system for managing dealer transactions in compliance with federal and state regulations, said system comprising:
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a client system comprising a browser;
a data storage for storing information;
at least one server system configured to be coupled via a network to said client system and said data storage device, said server system further configured to;
provide an access to a dealer after the dealer has been authenticated;
run a credit report on a buyer based on the buyer'"'"'s loan application;
receive additional information from the dealer about the deal after the buyer information has been automatically transferred to a deal structure user interface; and
approve the deal based on predetermined credit criteria, and if the deal cannot be approved, provide guidance to the dealer utilizing a cartoon character based on the pre-determined credit criteria to adjust the deal structure parameters. - View Dependent Claims (14, 15, 16, 17, 18)
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19. A computer to facilitate online processing and approval of deals, said computer coupled to a centralized database and programmed to:
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receive deal information in to the centralized database;
store the deal information into various subsections of the centralized database and cross reference the deal information against a dealer identification for easy retrieval and update;
evaluate the deal based on pre-determined credit criteria; and
provide guidance to the dealer to adjust the deal based on pre-determined underwriting criteria and approve the deal after the dealer has made changes based on the provided guidance; and
generate management reports to track the deal status. - View Dependent Claims (20, 21, 22, 23)
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24. A computer program embodied on a computer readable medium for processing and approving deals based on pre-defined risk guidelines, comprising a code segment that:
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receives a deal from the dealer;
evaluates the deal based on the pre-defined risk guidelines, and provides a decision to the dealer of at least one of approving and rejecting the deal after the underlying documents are audited to ensure compliance with state and federal regulations. - View Dependent Claims (25, 26, 27, 28, 29, 30)
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31. A database to manage dealer transactions and facilitate deal structuring for dealers, said database comprising:
data corresponding to at least one of Dealers Information, Vehicle Information, Dealer Transactions, Buyers Information, and Credit Guidelines;
wherein the data corresponding to at least one of Dealers Information and Dealer Transactions is cross referenced to data corresponding Buyers Information.- View Dependent Claims (32, 33, 34, 35, 36, 37)
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38. A method for structuring a deal by a dealer for a buyer, using a network based system including a server system coupled to a centralized database and at least one client system, said method comprising:
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accepting deal data from the client system and running a credit report based on the deal data;
determining the buyer'"'"'s credit worthiness by scoring the credit report based on pre-determined credit guidelines stored on the server system;
providing the response to the client system based on at least one of deal data and the buyer'"'"'s credit worthiness; and
structuring the deal based on the deal data. - View Dependent Claims (39, 40, 41, 42, 43, 44, 45)
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46. A method for structuring a deal by a dealer, using a network based system including a server system coupled to a centralized database and at least one client system, said method comprising:
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receiving a loan application from a buyer regarding the deal and running a credit report based on the loan application;
analyzing the credit report to evaluate the buyer'"'"'s creditworthiness in relationship to the deal, said analysis including determining a discount which varies according to a payment probability model; and
structuring the deal by the server system based on the buyer'"'"'s creditworthiness and pre-determined credit criteria.
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47. A system for managing dealer transactions in compliance with federal and state regulations, said system comprising:
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a client system comprising a browser;
a data storage for storing information;
at least one server system configured to be coupled via a network to said client system and said data storage device, said server system further configured to;
provide an access to a dealer after the dealer has been authenticated;
run acredit report on a buyer based on the buyer'"'"'s loan application;
receive additional information from the dealer about the deal after the buyer information has been automatically transferred to a deal structure user interface; and
approve the deal based on pre-determined credit criteria, said approval including determining a discount which varies according to a payment probability model, and if the deal cannot be approved, provide guidance to the dealer utilizing a cartoon character based on the pre-determined credit criteria to adjust the deal structure parameters.
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48. A computer to facilitate online processing and approval of deals, said computer coupled to a centralized database and programmed to:
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receive deal information in to the centralized database;
store the deal information into various subsections of the centralized database and cross reference the deal information against a dealer identification for easy retrieval and update;
evaluate the deal based on pre-determined credit criteria, said evaluation including determining a discount which varies according to a payment probability model; and
provide guidance to the dealer to adjust the deal based on pre-determined underwriting criteria and approve the deal after the dealer has made changes based on the provided guidance; and
generate management reports to track the deal status.
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49. A method for structuring a deal by a dealer for a buyer, using a network based system including a server system coupled to a centralized database and at least one client system, said method comprising:
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accepting deal data from the client system and running a credit report based on the deal data;
determining the buyer'"'"'s credit worthiness by scoring the credit report based on pre-determined credit guidelines stored on the server system, said determination including determining a discount which varies according to a payment probability model;
providing the response to the client system based on at least one of deal data and the buyer'"'"'s credit worthiness; and
structuring the deal based on the deal data.
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Specification