ASP Business Decision Engine
First Claim
Patent Images
1. A credit application process, comprising the steps of:
- receiving a credit application;
accessing and manipulating credit bureau data in connection with said credit application;
accessing credit scoring in connection with said credit application;
accessing credit decisioning in connection with said credit application;
determining if credit is to be granted, refused, or if further review is necessary; and
if credit is to be granted, selecting at least one credit product on behalf of a lending institution from a plurality of credit products, said at least one credit product being a best fit to said credit application that results from said accessing steps;
wherein said accessing steps are provided via a single application service provider (ASP) platform and accessible through a standard API.
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Abstract
A decision engine is provided that integrates all components of a credit application process, including access to and manipulation of credit bureau data, credit scoring, credit decisioning, and matching the correct products, into a single application service provider (ASP) platform which is accessible through a series of Application Programming Interfaces (APIs).
33 Citations
20 Claims
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1. A credit application process, comprising the steps of:
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receiving a credit application;
accessing and manipulating credit bureau data in connection with said credit application;
accessing credit scoring in connection with said credit application;
accessing credit decisioning in connection with said credit application;
determining if credit is to be granted, refused, or if further review is necessary; and
if credit is to be granted, selecting at least one credit product on behalf of a lending institution from a plurality of credit products, said at least one credit product being a best fit to said credit application that results from said accessing steps;
wherein said accessing steps are provided via a single application service provider (ASP) platform and accessible through a standard API.
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2. A credit application apparatus, comprising:
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a module for receiving a credit application;
a module for accessing and manipulating credit bureau data in connection with said credit application;
a module for accessing credit scoring in connection with said credit application;
a module for accessing credit decisioning in connection with said credit application and determining if credit is to be granted, refused, or if further review is necessary; and
if credit is to be granted, a module for selecting at least one credit product from a plurality of credit products on behalf of a lending institution, said at least one credit product being a best fit to said credit application that results from said accessing modules;
wherein said accessing modules are provided in a single application service provider (ASP) platform and accessible through a standard API. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification