PROCESSING OF CREDIT APPLICATIONS

• US 20070288359A1
• Filed: 04/18/2007
• Published: 12/13/2007
• Est. Priority Date: 04/18/2006
• Status: Abandoned Application

• Current Assignee: Toronto-Dominion Bank
• Original Assignee: Toronto-Dominion Bank
• Inventors: Breen, Theresa, Chan, Steve, Pandita, Ashish, Ostler, Daniel, Cooper, Carole, Amadio, Susan, Christiaans, Paula, Kimber, Craig, Nyhuis, Angela, Giacomelli, Glen, Cummins, Michael, Fedyk, Greg
• Application Number:
  US11/736,820
• Publication Number:
  US 20070288359A1
• 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

Systems, methods, computer programming, and graphical user interfaces adapted for enabling creditors to provide prospective debtors with multiple credit opportunities and the ability to act on them, either separately or in various combinations. The credit opportunities may be identified using, in whole or in part, consideration of financial histories of the prospective debtors with the creditor making the plurality of credit offers, and/or the financial history(ies) of the prospective debtors with other creditors.

Claims

1. A system useful for automated identification of credit opportunities, comprising at least one data processor and computer programming media configured to cause the at least one data processor to:

access data representing information related to a financial history of a prospective debtor, the data provided by a plurality of sources; and

using the data, pre-approve an offering by a creditor of at least one form of credit to the prospective debtor.

2. The system of claim 1, configured to cause the at least one data processor to output data representing terms of the at least one pre-approved form of credit for review by the prospective debtor.

3. The system of claim 2, configured to cause the at least one data processor to receive response information from the prospective debtor in response to the output of the at least one of the multiple forms of credit, wherein the response information indicates at least a partial acceptance of at least a part of the at least one form of credit.

4. The system of claim 3, wherein the partial acceptance includes an acceptance of less than a full amount of credit offered.

5. The system of claim 4, configured to cause the at least one data processor to determine a further credit to be offered to the prospective debtor, based at least partly on the acceptance of less than the full amount of credit offered.

6. The system of claim 5, wherein the determining a further credit to be offered includes at least one of:

reducing credit offered by the amount of credit accepted, and

accounting for the accepted credit amount in the data used by the at least one data processor in pre-approving at least one form of credit to be further offered to the prospective debtor.

7. The system of claim 6, configured to cause the at least one data processor to output the further credit determined to be offered to the prospective debtor.

8. The system of claim 7, wherein the further credit is the amount of the credit offered reduced by the accepted credit amount.

9. A system useful for automated identification of credit sale opportunities, comprising at least one data processor associated with a creditor, and computer programming media configured to cause the at least one data processor to:

access data representing information identifying a prospective debtor;

using at least some of the accessed data, access in memory associated with the data processor data representing information related to a financial history of the prospective debtor with the creditor;

using at least some of the accessed data, access in the same or other memory data representing information related to a financial history of the prospective debtor provided by at least one other credit data source; and

using the data representing the financial history of the prospective debtor with the creditor and the data representing information related to a financial history of the prospective debtor provided by the at least one other credit data source, determine at least one form of credit to be offered by the creditor to the prospective debtor; and

output for review by the prospective debtor data representing information relating to the at least one form of credit to be offered to the prospective debtor.

10. The system of claim 9, configured to cause the at least one data processor to receive response information from the prospective debtor in response to the output of the at least one form of credit, wherein the response information indicates at least a partial acceptance of the at least one form of credit.

11. The system of claim 10, wherein the partial acceptance includes an acceptance of less than a full credit amount offered.

12. The system of claim 11, configured to cause the at least one data processor to determine a further credit to be offered to the prospective debtor, based at least partly on the acceptance of less than the full amount of credit offered.

13. The system of claim 12, wherein the determining of further credit to be offered includes at least one of:

reducing the amount of credit offered by the amount of credit accepted, and accounting for the accepted credit amount in the data used by the at least one data processor in pre-approving credit offered to the prospective debtor.

14. The system of claim 13, configured to cause the at least one data processor to output the further credit determined to be offered to the prospective debtor.

15. The system of claim 14, wherein the further credit is the at least one form of credit reduced by the accepted credit amount.

16. A system useful for automated identification of credit opportunities, comprising at least one data processor associated with a creditor, and computer programming media for causing the at least one data processor to:

access data representing information related to a financial history of a prospective debtor, the data provided by a plurality of sources; and

using at least some of the accessed data, access in the same or other memory data representing information related to a financial history of the prospective debtor with the creditor; and

using the data representing the financial history of the prospective debtor with the creditor, determine at least one form of credit to be offered by the creditor to the prospective debtor.

17. A system useful for identifying opportunities for granting of credit, comprising at least one data processor, and computer programming media for causing the at least one data processor to:

access data representing information related to a financial history of a prospective debtor, the data provided by a plurality of sources;

using the data representing the financial history of the prospective debtor, determine a plurality of forms of credit to be offered by a creditor to the prospective debtor; and

output for review by the prospective debtor data representing information relating to the plurality of forms of credit to be offered to the prospective debtor.

18. A system useful for automated processing of credit applications, comprising at least one data processor associated with a creditor, and computer programming media for causing the at least one data processor to:

access in memory associated with the data processor data representing information related to an application of an applicant for credit to be granted by the creditor;

using at least some of the accessed data, access in the same or other memory associated with the data processor data representing information related to a financial history of the applicant with the creditor;

using at least some of the accessed data, access in the same or other memory data representing information related to a financial history of the applicant provided by at least one other credit data source;

using the data representing the financial history of the applicant with the creditor and the data representing the financial history of the applicant provided by the at least one other credit data source, determine at least one form of credit to be offered by the creditor to the applicant; and

output for review by the applicant data representing information relating to the at least one form of credit to be offered to the applicant.

19. A system useful for automated identification of credit opportunities, comprising at least one data processor associated with a creditor, and computer programming media adapted to cause the at least one data processor to:

access data representing information identifying a prospective debtor;

using the accessed data, access data representing information related to a financial history of the prospective debtor provided by at least one other credit data source;

using the data representing the financial history of the prospective debtor provided by the at least one other credit data source, determine at least one form of credit to be offered by the creditor to the prospective debtor; and

output for review by the prospective debtor data representing information relating to at least one form of credit to be offered to the prospective debtor.

20. Computer programming media readable by a data processor for causing the data processor to provide output signals useful for causing a computer display to present a graphical user interface screen useable by a user in controlling the same or another data processor in an automated identification of credit opportunities, the signal causing the display screen to:

display at least one output field, the at least one output field identifying at least one of a plurality of credit offers offered by at least one creditor to a prospective debtor, whereby a plurality of credit offers offered by the at least one creditor to the prospective debtor are identified to the user of the computer display, each credit offer identified by the display of at least a type of credit and a credit amount;

display a plurality of input fields, usable by the user of the computer display in conjunction with an input device for inputting data indicating at least a partial acceptance of at least a part of one of the plurality of credit offers by the prospective debtor.

21. The computer programming media of claim 20, for further causing the same or another processor to, upon receiving input indicating the at least partial acceptance of at least a part of one of the plurality of credit offers, determine a further credit to be offered to the prospective debtor, based at least partly on the acceptance of less than a full amount of credit offered.

22. A method for identifying credit opportunities to be offered to a prospective debtor, comprising:

using information identifying a prospective debtor to access financial history information of the prospective debtor with a creditor;

using the financial history information, accessing financial history information of the prospective debtor provided by at least one other credit data source;

using the financial history information, determining at least one form of credit to be offered to the prospective debtor by the creditor; and

providing for review by the prospective debtor credit information relating to the at least one form of credit.

23. The method of claim 22, further comprising:

receiving response information from the prospective debtor in response to the providing of the at least one form of credit offered to the prospective debtor;

wherein the response information indicates at least a partial acceptance of at least a part of the credit offered to the prospective debtor.

24. The method of claim 23, wherein the partial acceptance includes an acceptance of less than a full credit amount offered.

25. The method of claim 24, further comprising considering the accepted credit amount in determining a further amount of credit to be offered to the prospective debtor.

26. The method of claim 25, wherein the determining the further credit to be offered includes at least one of:

reducing the credit offered by the accepted credit amount, and

accounting for the accepted credit amount in at least one of the financial history information and further financial history information used in determining the at least one form of credit offered to the prospective debtor.

27. The method of claim 26, further comprising outputting the further credit to be offered to the prospective debtor.

28. The method of claim 27, wherein the further credit is the amount of the credit offered reduced by the accepted credit amount.

29. Computer usable media having computer readable code embodied therein for causing at least one data processor to:

access data representing information related to a financial history of a prospective debtor, the data provided by a plurality of sources; and

using the data, pre-approve an offering by a creditor of at least one form of credit to the prospective debtor.

30. The media of claim 29, configured to cause the at least one data processor to output data representing terms of the at least one pre-approved form of credit for review by the prospective debtor.

31. The media of claim 30, configured to cause the at least one data processor to receive response information from the prospective debtor in response to the output of the at least one form of credit, wherein the response information indicates at least a partial acceptance of the at least one form of credit.

32. The media of claim 31, wherein the partial acceptance includes an acceptance of less than a full credit amount offered.

33. The media of claim 32, configured to cause the at least one data processor to output a further credit to be offered to the prospective debtor.

34. Computer usable media having computer readable code embodied therein for causing at least one data processor to:

access data representing information identifying a prospective debtor;

using at least some of the accessed data, access in memory associated with the data processor data representing information related to a financial history of the prospective debtor with the creditor;

using at least some of the accessed data, access in the same or other memory data representing information related to a financial history of the prospective debtor provided by at least one other credit data source; and

using the data representing the financial history of the prospective debtor with the creditor and the data provided by at least one other credit data source, determine a plurality of forms of credit to be offered by the creditor to the prospective debtor; and

output for review by the prospective debtor data representing information relating to the plurality of forms of credit to be offered to the prospective debtor.

35. The media of claim 34, configured to cause the at least one data processor to receive response information from the prospective debtor in response to the output of the at least one form of credit, wherein the response information indicates at least a partial acceptance of the at least one form of credit.

36. The media of claim 35, wherein the partial acceptance includes an acceptance of less than a full credit amount offered.

37. The system of claim 36, configured to cause the at least one data processor to output a further credit to be offered to the prospective debtor.

38. Computer usable media having computer readable code embodied therein for causing at least one data processor to:

access data representing information related to a financial history of a prospective debtor, the data provided by a plurality of sources; and

using at least some of the accessed data, access in the same or other memory data representing information related to a financial history of the prospective debtor with the creditor; and

using the data representing the financial history of the prospective debtor with the creditor, determine a plurality of forms of credit to be offered by the creditor to the prospective debtor.

39. Computer usable media having computer readable code embodied therein for causing at least one data processor to:

access data representing information related to a financial history of a prospective debtor, the data provided by a plurality of sources;

using the data representing the financial history of the prospective debtor, determine a plurality of forms of credit to be offered by a creditor to the prospective debtor; and

output for review by the prospective debtor data representing information relating to the plurality of forms of credit to be offered to the prospective debtor.

40. Computer usable media having computer readable code embodied therein for causing at least one data processor to:

access in memory associated with the data processor data representing information related to an application of an applicant for credit to be granted by the creditor;

using at least some of the accessed data, access in the same or other memory associated with the data processor data representing information related to a financial history of the applicant with the creditor;

using at least some of the accessed data, access in the same or other memory data representing information related to a financial history of the applicant provided by at least one other credit data source;

using the data representing the financial history of the applicant with the creditor and the data provided by at least one other credit data source, determine at least one forms of credit to be offered by the creditor to the applicant; and

output for review by the applicant data representing information relating to the at least one form of credit to be offered to the applicant.

41. Computer usable media having computer readable code embodied therein for causing at least one data processor to:

access data representing information identifying a prospective debtor;

using at least some of the accessed data, access data representing information related to a financial history of the prospective debtor provided by at least one other credit data source;

using the data representing the financial history of the prospective debtor provided by at least one other credit data source, determine a plurality of forms of credit to be offered by the creditor to the prospective debtor; and

output for review by the prospective debtor data representing information relating to the plurality of forms of credit to be offered to the prospective debtor.