METHOD OF AND SYSTEM FOR WEB-BASED MANAGING AND REPORTING MORTGAGE TRANSACTIONS

• US 20090204521A1
• Filed: 12/15/2008
• Published: 08/13/2009
• Est. Priority Date: 12/13/2007
• Status: Abandoned Application

• Current Assignee: MRRE Incorporated
• Original Assignee: MRRE Incorporated
• Inventors: De Sena, Francis E., Fazio, Frank, Nantais, Jeff E.
• Application Number:
  US12/335,217
• Publication Number:
  US 20090204521A1
• Time in Patent Office: Days
• US Class Current: 705/34
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A system and method for web-based mortgage/loan reporting and management are provided. A electronic mortgage is created. The mortgage is reported to parties involved. A funds request can be sent to a funding party such as a financial institutions. When a funding acknowledgement has been received a final mortgage report is generated and sent to the relevant parties for confirmation of completion of the mortgage.

Claims

1. A method of providing web-based mortgage reporting and management, the method comprising the steps of:

creating a mortgage;

generating a mortgage report;

generating a funding request;

receiving a funding acknowledgement; and

generating a final report.

2. The method of claim 1 wherein said step of generating a final report comprises the step of generating a seller'"'"'s report.

3. The method of claim 1 wherein said step of generating a final report comprises the step of generating a partner'"'"'s report.

4. The method of claim 1 wherein the mortgage is created by manual entry.

5. The method of claim 1 wherein the mortgage is created by importing XML data.

6. The method of claim 1 further comprising the step of creating email notification and each step, the email notification is directed to a pre-defined recipient.

7. The method of claim 1 wherein the step of generating the mortgage report further comprises sending the report to a Lender and Solicitor.

8. A system for web-based mortgage reporting and management comprising:

a memory;

a processor for executing the steps of;

creating a mortgage;

generating a mortgage report;

generating a funding request;

receiving a funding acknowledgement; and

generating a final report.

9. The system of claim 8 wherein said final report is a mortgagee'"'"'s report.

10. The system of claim 8 wherein said final report is a seller'"'"'s report.

11. The system of claim 8 wherein said final report is a partner'"'"'s report.

12. The system of claim 8 wherein the mortgage is created by manual entry.

13. The system of claim 8 wherein the mortgage is created by importing XML data.

14. The system of claim 8 further comprising the step of creating email notification and each step, the email notification is directed to a pre-defined recipient.

15. The system of claim 8 wherein the step of generating the mortgage report further comprises sending the report to a Lender and Solicitor.