ONLINE METHOD OF PROCURING MORTGAGE LOANS
First Claim
1. A method for prioritizing candidate wholesale loan lenders in response to a loan request by a mortgage broker for a client, comprising the steps of:
- establishing a lender database comprising a repository of electronic client files generated by said mortgage broker in connection with a client'"'"'s loan request, said lender database remotely accessible via a network;
permitting subscribing wholesale lenders access to said lender database via said network;
allowing the selected subscribing wholesale lenders to access said electronic client files from said lender database according to a permission associated with each electronic client file, said permission set by said mortgage broker;
forwarding via said lender database responses from the selected subscribing wholesale lenders to said mortgage broker in connection with said client'"'"'s loan request after accessing said electronic client files;
assigning a hierarchy of the selected subscribing wholesale lenders'"'"' responses to said loan request, said hierarchy based on preselected criteria; and
ordering said responses based on said hierarchy, and delivering said responses via said network from said lender database to said mortgage broker reflecting said ordering, for consideration by said mortgage broker.
2 Assignments
0 Petitions
Accused Products
Abstract
A method for prioritizing candidate wholesale loan lenders in response to a loan request by a mortgage broker for a client including establishing a lender database serving as a repository of electronic client files generated by said mortgage broker in connection with a client'"'"'s loan request, permitting subscribing wholesale lenders to access to said lender database via a network, allowing the lenders access said electronic client files from said lender database according to a permission associated with each electronic client file, forwarding via said lender database responses to said mortgage broker, and assigning a hierarchy of the selected subscribing wholesale lenders'"'"' responses to said loan request.
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Citations
27 Claims
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1. A method for prioritizing candidate wholesale loan lenders in response to a loan request by a mortgage broker for a client, comprising the steps of:
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establishing a lender database comprising a repository of electronic client files generated by said mortgage broker in connection with a client'"'"'s loan request, said lender database remotely accessible via a network; permitting subscribing wholesale lenders access to said lender database via said network; allowing the selected subscribing wholesale lenders to access said electronic client files from said lender database according to a permission associated with each electronic client file, said permission set by said mortgage broker; forwarding via said lender database responses from the selected subscribing wholesale lenders to said mortgage broker in connection with said client'"'"'s loan request after accessing said electronic client files; assigning a hierarchy of the selected subscribing wholesale lenders'"'"' responses to said loan request, said hierarchy based on preselected criteria; and ordering said responses based on said hierarchy, and delivering said responses via said network from said lender database to said mortgage broker reflecting said ordering, for consideration by said mortgage broker. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A method for comparing and selecting, by a mortgage broker, candidate wholesale loan lenders for fulfilling a client'"'"'s loan request, comprising the steps of:
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creating an electronic client file comprising at least one document for evaluating the client'"'"'s loan request, and assigning a permission associated with each of said documents by said mortgage broker; forwarding said electronic client file to a lender database, where subscribing wholesale lenders can access said electronic client file for evaluating said client'"'"'s loan request if said assigned permission allows said access; retrieving responses from said subscribing wholesale lenders to said client'"'"'s loan request, where said responses are ordered according to a predetermined hierarchy, said hierarchy reflecting a current interest rate and a response time to said client'"'"'s loan request; and selecting a wholesale lender based on said responses, where said selecting is not mandated by said hierarchy. - View Dependent Claims (23, 24, 25)
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26. A method for comparing and selecting, by a mortgage broker, candidate wholesale loan lenders for fulfilling a client'"'"'s loan request, comprising the steps of:
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creating an electronic client file comprising at least one document for evaluating the client'"'"'s loan request, and assigning a permission associated with each of said documents by said mortgage broker; entering an auto-marketing trigger into the client'"'"'s file, wherein said client is automatically contacted by said mortgage broker via a network when said auto-marketing trigger is activated; forwarding said electronic client file to a lender database, where subscribing wholesale lenders can access said electronic client file for evaluating said client'"'"'s loan request if said assigned permission allows said access; retrieving responses from said subscribing wholesale lenders to said client'"'"'s loan request, where said responses are ordered according to a predetermined hierarchy; and selecting a wholesale lender based on said responses, where said selecting is not mandated by said hierarchy.
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27. A method for prioritizing candidate wholesale loan lenders in response to a loan request by a mortgage broker for a client, comprising the steps of:
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establishing a lender database comprising a repository of electronic client files generated by said mortgage broker in connection with a client'"'"'s loan request, said lender database remotely accessible via a network; permitting subscribing wholesale lenders access to said lender database via said network; establishing a time-stamped two way written communication mode via said network between said mortgage broker and a selected subscribing wholesale lender; allowing the selected subscribing wholesale lenders to access said electronic client files from said lender database according to a permission associated with each electronic client file, said permission set by said mortgage broker; forwarding via said lender database responses from the selected subscribing wholesale lenders to said mortgage broker in connection with said client'"'"'s loan request after accessing said electronic client files, wherein said responses comprise a selected one of an approval of said loan request, a recommendation pertaining to said loan request, and a comment in connection with said loan request.
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Specification