SYSTEM AND METHOD FOR PROSPECTING AND PROCESSING LOAN APPLICATIONS

• US 20090018952A1
• Filed: 07/12/2007
• Published: 01/15/2009
• Est. Priority Date: 07/12/2007
• Status: Abandoned Application

• Current Assignee: Sweep Technologies LLP
• Original Assignee: Sweep Technologies LLP
• Inventors: Beltran, Gabriel P., Beltran, Elisabeth, Stadelman, Stanley T. JR., Orosco, Jesus A.
• Application Number:
  US11/777,236
• Publication Number:
  US 20090018952A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• 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

The present invention provides a method for loan prospecting that comprises retrieving a telephone number of a potential client from a first database using a client relation management (CRM) module, calling the retrieved telephone number to determine whether the potential client is interested in a financial product using a dialer embedded on a graphical user interface (GUI) of the CRM module, retrieving personal data on the potential client from one or more external databases if the personal data is not available in the first database, displaying the retrieved personal data on the GUI, verifying the potential client'"'"'s identity using the personal data, obtaining a credit score on the potential client, generating a loan pricing report using one or more pricing engines based on the credit score and the personal data, and displaying the loan pricing report on the GUI.

Claims

1. A method for loan prospecting, comprising:

retrieving a telephone number of a potential client from a first database using a CRM module;

calling the retrieved telephone number to determine whether the potential client is interested in a financial product using a dialer embedded on a GUI of the CRM module;

retrieving personal data on the potential client from one or more external databases if the personal data is not available in the first database;

displaying the retrieved personal data on the GUI;

verifying the potential client'"'"'s identity using the personal data;

obtaining a credit score on the potential client;

generating a loan pricing report using one or more pricing engines based on the credit score and the personal data; and

displaying the loan pricing report on the GUI.

2. The method of claim 1, further comprising:

scheduling and executing calls to specific clients; and

connecting them to a designated agent.

3. The method of claim 1, wherein the personal data includes one or more data from the list of address information, property type, value of property, social security number, and date of birth.

4. The method of claim 1, further comprising:

calculating a loan-to-value based on one or more data points of the personal data.

5. The method of claim 1, further comprising:

obtaining an automated valuation model from a third-party provider using one or more data points of the personal data.

6. The method of claim 1, prompting the potential client to enter the client'"'"'s social security number if it is not available in the first database or the one or more external databases.

7. The method of claim 1, further comprising:

informing the potential client on a result of the pricing report via a telephone call, mobile text, or electronic mail.

8. The method of claim 1, wherein the one or more pricing engines are third-party pricing services.

9. The method of claim 1, wherein the credit score is obtained from one or more credit bureaus.

10. The method of claim 1, wherein the credit score is a median credit score among the credit scores from three different credit bureaus.

11. The method of claim 1, wherein a preferred time of contact is established by a user, and scheduled contacts are initiated instead of or in addition to regular campaign progressions.

22. The method of claim 1, further comprising:

locking a loan product using data from the loan pricing report, wherein locking the loan product includes locking one or more variables from the group consisting of a loan type, a loan amount, rate, price, and rebate; and

storing the locked loan product along with identification data of the potential client.

23. The method of claim 22, wherein the variables can be adjusted by the potential client.

12. A computer program product comprising a computer useable medium having computer readable program code functions embedded in the medium for causing a computer to test a circuit comprising:

a first computer readable program code that causes the computer to retrieve a telephone number of a potential client from a first database;

a second computer readable program code that causes the computer to call the retrieved telephone number to determine whether the potential client is interested in a financial product;

a third computer readable program code that causes the computer to retrieve personal data on the potential client from one or more external databases if the personal data is not available in the first database;

a fourth computer readable program code that causes the computer to verifying the potential client'"'"'s identity using the personal data;

a fifth computer readable program code that causes the computer to obtain a credit score on the potential client;

a sixth computer readable program code that causes the computer to generate a loan pricing report using one or more pricing engines based on the credit score and the personal data.

13. The computer program product of claim 12 further comprising a seventh computer readable program code that causes the computer to recall a phone number scheduled for callback and execute a callback as part of campaign dialing.

14. The computer program product of claim 12, wherein the personal data includes one or more data from the group consisting of address information, property type, value of property, social security number, and date of birth.

15. The computer program product of claim 12, further comprising:

a seventh computer readable program code that causes the computer to calculate a loan-to-value based on one or more datum points of the personal data.

16. The computer program product of claim 12, further comprising:

a seventh computer readable program code that causes the computer to obtain an automated valuation model from a third-party provider using one or more data points of the personal data.

17. The computer program product of claim 12, further comprising:

an eighth computer readable program code that causes the computer to prompt the potential client to enter the client'"'"'s social security number if it is not available in the first database or the one or more external databases.

18. The computer program product of claim 12, further comprising:

a ninth computer readable program code that causes the computer to inform the potential client on a result of the pricing report via a telephone call, mobile text, or electronic mail.

19. The computer program product of claim 12, wherein the one or more pricing engines are third-party pricing services.

20. The computer program product of claim 12, wherein the credit score is obtained from one or more credit bureaus.

21. The computer program product of claim 19, wherein the credit score is a median credit score among the credit scores from three different credit bureaus.

24. The computer program product of claim 20, further comprising a computer readable code that causes the computer to automatically query to the third-party pricing database at various time intervals.

25. The computer program product of claim 24, further comprising a computer readable code that compares the pricing results returned by the query with a desired set of pricing criteria.

26. The computer program product of claim 25, further comprising a computer readable code which causes the computer to verify that the comparison meets a set of predefined criteria.

27. The computer program product of claim 26, further comprising a computer readable code which causes the computer to lock the loan based on the verification.