Systems, Methods and Computer-Readable Media for Automated Loan Processing
First Claim
1. A method for providing an automated loan application, comprising:
- scanning an applicant'"'"'s identification card;
extracting applicant identity data from the identification card;
receiving additional data, wherein the additional data comprise an amount of money to be borrowed;
transmitting the applicant identity data and the additional data to a financial institution;
determining whether to lend the amount of money to the applicant based at least in part on the identity data and the additional data; and
notifying the applicant of whether the financial institution will lend money to the applicant.
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Accused Products
Abstract
Systems, methods, and computer-readable media are described for providing an automated loan application. A method for providing an automated loan application may include scanning an applicant'"'"'s identification card, extracting applicant identity data from the identification card, and receiving additional data, wherein the additional data comprise an amount of money to be borrowed. The applicant identity data and the additional data may be transmitted to a financial institution, which may determine whether to lend an amount of money to the applicant based at least in part on the identity data and the additional data. The applicant may then be notified whether the financial institution will lend money to the applicant.
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Citations
39 Claims
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1. A method for providing an automated loan application, comprising:
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scanning an applicant'"'"'s identification card;
extracting applicant identity data from the identification card;
receiving additional data, wherein the additional data comprise an amount of money to be borrowed;
transmitting the applicant identity data and the additional data to a financial institution;
determining whether to lend the amount of money to the applicant based at least in part on the identity data and the additional data; and
notifying the applicant of whether the financial institution will lend money to the applicant. - 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)
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24. A system for providing an automated loan application, comprising:
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a local processor in communication with a scanner, the processor configured to;
receive scanned data from the scanner, extract applicant identity data based at least in part on the scanned data, receive additional data from an applicant, transmit the applicant identity data and the additional data to a financial institution; and
a remote processor in communication with the local processor, the remote processor configured to;
receive the applicant identity data and the additional data, and transmit a notification data to the local processor of whether the financial institution will lend money to the applicant. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32)
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33. A computer-readable medium comprising program code, the program code comprising:
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program code for scanning an applicant'"'"'s identification card;
program code for extracting applicant identity data;
program code for receiving additional data, wherein the additional data comprise an amount of money to be borrowed;
program code for transmitting the applicant identity data and the additional data to a financial institution;
program code for determining whether to lend the amount of money to the applicant; and
program code for notifying the applicant of whether the financial institution will lend the amount of money to the applicant. - View Dependent Claims (34, 35, 36, 37)
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38. A method for providing an automated loan application, comprising:
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scanning an applicant'"'"'s driver'"'"'s license;
storing data comprising applicant identity data from the applicant'"'"'s driver'"'"'s license;
identifying at least one information field within the stored data;
recognizing at least one piece of identity data from the at least one information field using optical character recognition;
receiving additional data from the applicant, the additional data comprising an amount of money to be borrowed;
displaying a disclosure statement;
receiving an acceptance of the disclosure statement from the applicant;
encrypting at least a portion of the stored data, the identity data, and the additional data;
transmitting the encrypted data to a financial institution;
decrypting the encrypted data;
determining whether to lend the amount of money to the applicant; and
notifying the applicant of the determination.
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39. A computer-readable medium comprising program code, the program code comprising:
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program code for scanning an image of an applicant'"'"'s driver'"'"'s license, the first side comprising applicant identity data;
program code for extracting at least one information field within the image;
program code for recognizing at least one piece of identity data from the at least one information field using optical character recognition;
program code for receiving additional data, the additional data comprising an amount of money to be borrowed;
program code for displaying a disclosure statement;
program code for receiving an acceptance of the disclosure statement from the applicant;
program code for encrypting the image, the identity data, and the additional data;
program code for transmitting the image, the identity data, and the additional data to a financial institution;
program code for decrypting the image, the identity data, and the additional data;
program code for determining whether to lend the amount of money to the applicant; and
program code for notifying the applicant of whether the financial institution will lend the amount of money to the applicant.
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Specification