SYSTEMS AND METHODS TO PROMOTE LOAN REPAYMENT
First Claim
1. A computer-implemented method to manage promoting of repayment of a mortgage loan comprising:
- associating a remuneration account value with a mortgage loan, the remuneration account value representing a monetary remuneration amount conditionally payable to a borrower on the mortgage loan upon satisfaction of a payment condition related to the mortgage loan;
monitoring delinquency data representing whether or not the borrower is delinquent on a payment related to the mortgage loan, the delinquency data being associated with the remuneration account value; and
examining the delinquency data with a digital processor and releasing at least a portion of the remuneration account value as a function of the examination of the delinquency data by the digital processor.
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Accused Products
Abstract
Methods and systems permit data management for promoting repayment of loans, such as mortgage loans. In an example embodiment, a remuneration account may be established and associated with a loan or mortgage loan. The remuneration account represents a monetary remuneration amount conditionally payable to a borrower on the loan upon satisfaction of a repayment condition of the loan. Delinquency information representing whether or not the borrower is delinquent on a payment of the loan is monitored. The delinquency information can be associated with the remuneration account value. By examining the delinquency data, all or a portion of the remuneration account value can be released as a function of the examination of the delinquency data by the digital processor, such as by making payment of the remuneration to the borrower upon satisfaction of the repayment condition or cancellation of the remuneration account upon detection of delinquency or default conditions.
47 Citations
36 Claims
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1. A computer-implemented method to manage promoting of repayment of a mortgage loan comprising:
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associating a remuneration account value with a mortgage loan, the remuneration account value representing a monetary remuneration amount conditionally payable to a borrower on the mortgage loan upon satisfaction of a payment condition related to the mortgage loan; monitoring delinquency data representing whether or not the borrower is delinquent on a payment related to the mortgage loan, the delinquency data being associated with the remuneration account value; and examining the delinquency data with a digital processor and releasing at least a portion of the remuneration account value as a function of the examination of the delinquency data by the digital processor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computerized system for promoting repayment of a mortgage loan comprising:
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a database including a remuneration account value, the remuneration account value associated with a mortgage loan and representing a remuneration amount payable to a borrower on the mortgage loan upon satisfaction of a payment condition concerning the mortgage loan; a database including delinquency data representing whether or not the borrower is delinquent on a payment concerning the mortgage loan, the delinquency data being associated with the remuneration account value; and a computer readable data storage medium containing processor control instructions for controlling processing of the delinquency data with a digital processor and for controlling releasing of the remuneration account value as a function of the delinquency data. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A machine readable medium having processor control instructions, the processor control instructions to control a processor for managing promoting of repayment of a mortgage loan, the processor control instructions comprising:
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processor control instructions for associating a remuneration account value with a mortgage loan, the remuneration account value representing a remuneration amount payable to a borrower on the mortgage loan upon satisfaction of a payment condition relating to the mortgage loan; processor control instructions for monitoring delinquency data representing whether or not the borrower is delinquent on a principal and interest payment relating to the mortgage loan, the delinquency data being associated with the remuneration account value; and processor control instructions for examining the delinquency data and for releasing the remuneration account value as a function of the examination of the delinquency data. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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Specification