METHOD AND COMPUTER NETWORK FOR CO-ORDINATING A LOAN OVER THE INTERNET
First Claim
1. A method for coordinating an electronic credit application between an Internet user and a plurality of lending institutions via the Internet, comprising the steps of:
- a) displaying a plurality of documents in a web site;
b) receiving a plurality of credit data sent from the Internet user;
c) applying said credit data to a filter comprising a plurality of selection criteria;
d) transmitting said credit data to said plurality of lending institutions; and
e) coordinating communication between said plurality of lending institutions and the Internet user so that said Internet user can obtain credit or loans from said lending institutions.
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Accused Products
Abstract
The invention relates to a method and a computer for coordinating an electronic credit application between an Internet user and a plurality of lending institutions via the Internet. This method involves displaying documents in a web site, and receiving credit data forming placed on the web site. After receiving this data a special loan processing computer applies a filter to the data. The filter comprises loan selection criteria provided by lending institutions which allows these institutions to filter out loan applications that they do not want. Next, after the data is filtered, it is transmitted to a plurality of lending institutions. Finally, the computer and the method then controls and coordinates communication between these lending institutions and the Internet user to match borrowers and lenders via the Internet.
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Citations
20 Claims
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1. A method for coordinating an electronic credit application between an Internet user and a plurality of lending institutions via the Internet, comprising the steps of:
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a) displaying a plurality of documents in a web site; b) receiving a plurality of credit data sent from the Internet user; c) applying said credit data to a filter comprising a plurality of selection criteria; d) transmitting said credit data to said plurality of lending institutions; and e) coordinating communication between said plurality of lending institutions and the Internet user so that said Internet user can obtain credit or loans from said lending institutions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 19)
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18. A network system designed to coordinate loan applications between lenders and borrowers comprising:
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a means for inputting loan application data from a prospective borrower into the network; a means for inputting lender criteria data into the network; a computing means for comparing said borrower application data to said lender criteria data; a communicating means connecting said means for inputting borrower application data and said means for inputting lender criteria data to said computing means said communicating means for allowing said connected components to communicate with each other, wherein said computing means matches said borrower application data and said lender criteria data so as to achieve a match between a borrower and a lender. - View Dependent Claims (20)
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Specification