SYSTEMS AND METHODS FOR VERIFYING AND RATING MORTGAGE FINANCIAL COMPANIES
First Claim
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1. A method for determining the lender score, the method comprising:
- a) receiving a user request for a rating for a lender, wherein the request is received at a server from a user device over a network;
b) automatically retrieving recent loans funded based on the received request, wherein the recent loans the lender funded are stored in a database in communication with the server;
c) automatically determining a value for the lender based on the retrieved recent loans funded information;
d) automatically determining a points value based on a predefined points chart and the determined value;
e) automatically determining if the lender is a funding source lender based on information stored in the database;
f) automatically adding a point to the points value if the lender is a funding source lender;
g) automatically determining if the lender funded at least one loan in at least one previously defined period based on information stored in the database;
h) automatically adding a point to the points value if the lender funded at least one loan in at least one previously defined period;
i) automatically generating a rating base on the points value; and
j) automatically outputting the generated rating in a graphical user interface accessible by the user device over the network.
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Abstract
System and method for providing mortgage financial company ratings and verifications. A networked-based service provides a user with a lender report summarizing the mortgage loan data of the lender. Key lender loan data is gathered, analyzed, and formatted in an easy to read rating and report of an analyzed lender, thus verifying lender reliability.
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Citations
10 Claims
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1. A method for determining the lender score, the method comprising:
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a) receiving a user request for a rating for a lender, wherein the request is received at a server from a user device over a network; b) automatically retrieving recent loans funded based on the received request, wherein the recent loans the lender funded are stored in a database in communication with the server; c) automatically determining a value for the lender based on the retrieved recent loans funded information; d) automatically determining a points value based on a predefined points chart and the determined value; e) automatically determining if the lender is a funding source lender based on information stored in the database; f) automatically adding a point to the points value if the lender is a funding source lender; g) automatically determining if the lender funded at least one loan in at least one previously defined period based on information stored in the database; h) automatically adding a point to the points value if the lender funded at least one loan in at least one previously defined period; i) automatically generating a rating base on the points value; and j) automatically outputting the generated rating in a graphical user interface accessible by the user device over the network. - View Dependent Claims (2, 3, 4, 5)
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6. A system for determining the lender score, the system comprising:
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a means for receiving a user request for a score for a lender, wherein the request is received at a server from a user device over a network; a means for automatically retrieving recent loans funded based on the received request, wherein the recent loans the lender funded are stored in a database in communication with the server; a means for automatically determining a value for the lender based on the retrieved recent loans funded information; a means for automatically determining a points value based on a predefined points chart and the determined value; a means for automatically determining if the lender is a funding source lender based on information stored in the database; a means for automatically adding a point to the points value if the lender is a funding source lender; a means for automatically determining if the lender funded at least one loan in at least one previously defined period based on information stored in the database; a means for automatically adding a point to the points value if the lender funded at least one loan in at least one previously defined period; a means for automatically generating a score base on the points value; and a means for automatically outputting a rating based on the generated score in a graphical user interface accessible by the user device over the network. - View Dependent Claims (7, 8, 9, 10)
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Specification