Communication system and method between a home buyer, seller, strategic business source, and lender
First Claim
1. A computerized method for use of a computerized system by buyers for items, sellers of items, strategic business sources, and lenders that provide financial information to buyers to purchase items, the method comprising:
- a) associating each seller and each strategic business source using the system with a lender, and each lender using the system with a lender institution;
b) assigning a manager to a hierarchy level within the lender institution, the hierarchy level containing some lenders associated with the lender institution and excluding other lenders associated with the institution;
c) inputting a business plan for the hierarchy level into the computerized system, the business plan including goals for;
i) the number of new sellers using the system that are associated with lenders contained within the hierarchy level, andii) the number of new strategic business sources using the system that are associated with lenders contained within the hierarchy level;
d) associating a plurality of new sellers and new strategic business sources using the system to lenders contained within the hierarchy level;
e) tracking the number of associated new sellers and new strategic business sources; and
f) indicating to the manager through the computerized system how the number of associated new sellers and associated new strategic business sources compares with the business plan.
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Accused Products
Abstract
A computerized system and method are presented for exchanging information between a buyer, a seller, a lender, and a strategic business source. The system permits sellers, lenders and strategic business sources to input buyers that are then submitted for activation. The buyers use the system to obtain information about items, while the sellers, lenders, and strategic business sources make consistent contact with the buyer in order to work with the buyer. Information about the buyers is shared with the sellers, lenders, and strategic business sources. A business plan is input into the system for the financial institution employing the lender while another business plan is input for the seller institution employing the seller. Activity on the computerized system is calculated for compliance with the business plan. Feedback is provided to management relating to whether the business plan is being met.
28 Citations
12 Claims
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1. A computerized method for use of a computerized system by buyers for items, sellers of items, strategic business sources, and lenders that provide financial information to buyers to purchase items, the method comprising:
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a) associating each seller and each strategic business source using the system with a lender, and each lender using the system with a lender institution; b) assigning a manager to a hierarchy level within the lender institution, the hierarchy level containing some lenders associated with the lender institution and excluding other lenders associated with the institution; c) inputting a business plan for the hierarchy level into the computerized system, the business plan including goals for; i) the number of new sellers using the system that are associated with lenders contained within the hierarchy level, and ii) the number of new strategic business sources using the system that are associated with lenders contained within the hierarchy level; d) associating a plurality of new sellers and new strategic business sources using the system to lenders contained within the hierarchy level; e) tracking the number of associated new sellers and new strategic business sources; and f) indicating to the manager through the computerized system how the number of associated new sellers and associated new strategic business sources compares with the business plan. - View Dependent Claims (2, 3, 4)
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6. A computerized method for allowing mortgage lenders to act as a gateway to a computer system that provides real estate listing information, the computerized method comprising:
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a) entering financial and other buyer information about a plurality of buyers into the computer system, such buyer information including buyer search criteria, wherein in the context of the computer system each buyer works with only a single real estate agent; b) allowing multiple real estate agents to use the computer system to communicate with buyers, wherein in the context of the computer system each real estate agent works with only a single mortgage lender; c) allowing multiple strategic business sources to use the computer system to communicate with buyers, wherein in the context of the computer system each strategic business source works with only a single mortgage lender; d) for each identified buyer in the plurality of buyers i) withholding access to desired real estate listing information until the identified buyer search criteria is activated; ii) presenting, through the computer system, the financial information for the identified buyer to a particular mortgage lender who is working with the real estate agent that is, in turn, working with the identified buyer; iii) having the particular mortgage lender activate the identified buyer search criteria in the computer system after reviewing the identified buyer'"'"'s financial information, wherein the identified buyer search criteria cannot be activated except through the particular mortgage lender; and iv) after activation of the identified buyer search criteria, granting the identified buyer access to the computer system that provide the desired real estate listing information. - View Dependent Claims (5, 7, 8, 9)
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10. A computer program embodied on a tangible computer readable medium for allowing a mortgage lender to act as a gateway to a computer system that provides real estate listing information to a buyer working with a real estate agent, the computer program comprising:
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a) programming for creating a real estate agent interface that i) provides an interface for the real estate agent to input buyer information about the buyer including buyer search criteria, and ii) associates the buyer information with the mortgage lender working with the real estate agent; b) programming for creating a lender interface that i) presents the financial information about the buyer to the mortgage lender for evaluation, ii) provides an interface for the mortgage lender to certify a price range for the buyer including a maximum price, and iii) provides an interface for the mortgage lender to elect whether the buyer search criteria is activated or rejected; and c) programming for providing real estate listings that i) withholds desired real estate listings from the buyer until the buyer search criteria has been activated by the mortgage lender, and ii) after activation of the buyer search criteria, provides desired real estate listings to the buyer, the desired real estate listings being based in part on the price range certified by the mortgage lender; d) programming for monitoring the interaction of the buyer with the computer program and for monitoring the closings accomplished by the mortgage lender for the buyer; and e) programming for predicting a percentage of future buyers that will close with the mortgage lender based upon the interaction of the future buyers with the system. - View Dependent Claims (11, 12)
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Specification