Centralized loan application and processing
First Claim
1. A centralized credit processing system comprising:
- a credit operations center, in communication with a loan information data center, a credit bureau processing center and at least one bank, includingat least one interview room with video conferencing capabilities; and
at least one control center; and
at least one store location, each store location comprising;
at least one interview room with video conferencing capabilities;
a settlement room; and
an electronic credit application system, the electronic credit application system querying a loan applicant for information related to a loan application and forwarding the information to the credit operations center for processing.
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Accused Products
Abstract
A credit operations center is connected to provide functionality, monitoring and control over one or more locations, such as a store that may sell goods or services. In conjunction with the purchase of these goods or services, it may be necessary to secure credit for their purchase. To assist with the processing of a credit application, each location is provided with one or more mechanisms to facilitate entry of credit application information. For example, these systems can be more traditional in nature and include scanners and fax machines or more sophisticated and entirely electronic and secure such that a user can be prompted for all the necessary information to apply for a loan. This information is capable of being forwarded electronically to a credit operations center for processing.
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Citations
25 Claims
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1. A centralized credit processing system comprising:
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a credit operations center, in communication with a loan information data center, a credit bureau processing center and at least one bank, including at least one interview room with video conferencing capabilities; and at least one control center; and at least one store location, each store location comprising; at least one interview room with video conferencing capabilities; a settlement room; and an electronic credit application system, the electronic credit application system querying a loan applicant for information related to a loan application and forwarding the information to the credit operations center for processing. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A credit processing method comprising:
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receiving an electronic credit application; automatically running a credit bureau; determining, based at least on the credit bureau, what products in inventory a loan applicant can afford; determining, based at least on the credit bureau, whether a real-time video conference between a loan officer and the loan applicant is needed; and finalizing a sale transaction. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A credit processing system comprising:
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means for receiving an electronic credit application; means for automatically running a credit bureau; means for determining, based at least on the credit bureau, what products in inventory a loan applicant can afford; means for determining, based at least on the credit bureau, whether a real-time video conference between a loan officer and the loan applicant is needed; and means for finalizing a sale transaction.
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Specification