SYSTEM AND METHOD FOR INTEGRATED CREDIT APPLICATION AND TAX REFUND ESTIMATION
First Claim
1. A method, comprising:
- capturing credit application-related data;
capturing tax-related data, wherein the tax-related data and the credit application-related data are non-overlapping;
estimating a tax refund based upon the tax-related data and at least a portion of the credit application-related data;
upon a determination to utilize at least a portion of the estimated tax refund as one of at least a portion of a down payment on a loan and at least a portion of a payment, incorporating the at least a portion of the estimated tax refund into a deal structure of one of the loan and the payment, respectively; and
submitting a credit application including the deal structure and at least the credit application-related data for decision.
2 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods for handling multiple aspects of the acquisition of products and/or services, such as vehicles, are provided in a unified and streamlined fashion. Through an integrated credit application and tax refund estimation service application/systems, credit application-related data and non-overlapping tax-related data is captured. A tax refund is estimated based upon the tax-related data and at least a portion of the credit application-related data. Upon a determination to utilize at least a portion of the estimated tax refund as at least a portion of a down payment on a loan, at least a portion of the estimated tax refund is incorporated into a deal structure of the loan, and a credit application including the deal structure and at least the credit application-related data is submitted for a decision.
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Citations
22 Claims
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1. A method, comprising:
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capturing credit application-related data; capturing tax-related data, wherein the tax-related data and the credit application-related data are non-overlapping; estimating a tax refund based upon the tax-related data and at least a portion of the credit application-related data; upon a determination to utilize at least a portion of the estimated tax refund as one of at least a portion of a down payment on a loan and at least a portion of a payment, incorporating the at least a portion of the estimated tax refund into a deal structure of one of the loan and the payment, respectively; and submitting a credit application including the deal structure and at least the credit application-related data for decision. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. An apparatus, comprising:
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a processor; and a memory unit operatively connected to the processor and including; computer code configured to capture credit application-related data; computer code configured to capture tax-related data, wherein the tax-related data and the credit application-related data are non-overlapping; computer code configured to estimate a tax refund based upon the tax-related data and at least a portion of the credit application-related data; computer code configured to, upon a determination to utilize at least a portion of the estimated tax refund as one of at least a portion of a down payment on a loan and at least a portion of a payment, incorporating the at least a portion of the estimated tax refund into a deal structure of one of the loan and the payment, respectively; and computer code configured to submit a credit application including the deal structure and at least the credit application-related data for decision. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A system, comprising:
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a first application configured to capture credit application-related data; and a second application configured to; capture tax-related data, wherein the tax-related data and the credit application-related data are non-overlapping; estimate a tax refund based upon the tax-related data and at least a portion of the credit application-related data; upon a determination to utilize at least a portion of the estimated tax refund as one of at least a portion of a down payment on a loan and at least a portion of a payment, incorporating the at least a portion of the estimated tax refund into a deal structure of one of the loan and the payment, respectively; and submit a credit application including the deal structure and at least the credit application-related data for decision; wherein the first application and the second application are accessible via a single portal.
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Specification