Loan Quotation System and Method

• US 20100312691A1
• Filed: 05/12/2010
• Published: 12/09/2010
• Est. Priority Date: 05/12/2009
• Status: Abandoned Application

• Current Assignee: Altisource Holdings, S.A.R.L. (Altisource Portfolio Solutions SA), Andrei Iancu, Ashley Moody Florida Office of The Attorney General and Successors Thereto, Jeanette Nunez Lieutenant Governor of Florida and Successors Thereto, Joan D. Heuer, Laurel M Lee Florida Secretary of State and Successors Thereto, Steven Mnuchin United States Secretary of The Treasury and Successors Thereto, Timothy E Gribben Commissioner For Bureau of The Fiscal Service Agency of The United States Department of The Treasury and Successors and Assigns Thereto
• Original Assignee: Altisource S.a.r.l. (Altisource Portfolio Solutions SA)
• Inventors: Johnson, Alan W. JR.
• Application Number:
  US12/778,461
• Publication Number:
  US 20100312691A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A loan quotation system and method is provided having a consumer data entry point device operatively coupled, via a network, to one or more severs for entering data and receiving a responsive loan quotation.

Claims

1. A system comprising:

a consumer data entry point device operatively coupled, via a network, to one or more severs for entering personal data, securely transmitting the personal data and receiving a responsive loan quotation or rate watch report via an application loaded on the data entry point device or by email or another consumer selected notification setting;

a service provider or consumer advertising platform that provides the loan quotation or the rate watch report from one or more different lenders to the consumer data entry point and transmits a loan quotation request and consumer contact information upon permission being granted by the consumer via the application loaded on the data entry point device.

2. The system of claim 1, further comprising a lender platform for generating the loan quotation, in response to the loan quotation request from the service provider platform, and receiving contact information for a consumer from the service provider platform.

3. The system of claim 2, wherein the consumer advertising platform and the lender platform are provided on a single system.

4. The system of claim 2, wherein the lender platform offers to provide loan quotations via a website associated with a lender or a partner of the lender.

5. The system of claim 1, wherein the application is available for downloading from a server that offers other applications available for downloading.

6. The system of claim 1, wherein lending rates are watched and reported to the consumer data entry point in response to a request made by the consumer and the entered personal data.

7. The system of claim 1, wherein the loan quotation is provided by a lender that pays the service provider to post the loan quotation.

8. The system of claim 1, the consumer data entry point device comprising a cellular telephone.

9. The system of claim 1, the consumer data entry point device comprising a television and a cable set top box.

10. The system of claim 1, the consumer data entry point device comprising a gaming system.

11. The system of claim 1, the consumer data entry point device comprising a handheld device.

12. The system of claim 1, the system comprising an eligibility and pricing engine.

13. The system of claim 1, the consumer data entry point device comprising a digital video recording (DVR) device.

14. The system of claim 1, the service provider platform providing lead management to the lender platform related to the loan request and requests from other consumers.

15. The system of claim 1, the service provider platform providing customer relationship management to the consumer related to the loan quotation request.

16. The system of claim 1, the consumer advertising platform providing a loan qualification response to the consumer data entry point and relaying a selection response to a selected lenders.

17. A system comprising:

a cellular telephone operatively coupled, via a network, to one or more severs for entering personal data, securely transmitting the personal data and receiving a responsive loan quotation via an application loaded on the cellular telephone or by email or another consumer selected notification setting;

a service provider or consumer advertising platform that provides the loan quotation to the cellular telephone and transmits a loan quotation request and consumer contact information upon permission being granted by the consumer via the application loaded on the data entry point device.

18. The system of claim 17, wherein the application is available for downloading from a server that offers other applications for downloading.

19. The system of claim 18 further including a lender platform for generating the loan quotation, in response to the loan quotation request from the service provider platform.

20. The system of claim 19, wherein the consumer advertising platform and the lender platform are provided on a single system.

21. The system of claim 19, wherein the lender platform offers to provide loan quotations via a website associated with a lender or a partner of the lender.

22. The system of claim 18, wherein lending rates are watched and reported to the cellular telephone in response to a request made by the consumer and the entered personal data.

23. The system of claim 18, wherein the loan quotation is provided by a lender that pays the service provider to post the loan quotation.

24. The system of claim 18, the system comprising an eligibility and pricing engine.

25. The system of claim 18, the service provider platform providing lead management to the lender platform related to the loan request and requests from other consumers.

26. The system of claim 18, the service provider platform providing customer relationship management for sending reminders to the consumer related to the loan quotation request.

27. A system comprising:

an application available for downloading from a server that offers other applications for downloading;

a cable set top box, gaming system, or handheld device operatively coupled, via a network, to one or more severs for downloading the application, entering personal data, securely transmitting the personal data and receiving a responsive loan quotation;

a service provider or consumer advertising platform that provides the loan quotation to the cable set top box, gaming system, or handheld device and transmits a loan quotation request and consumer contact information upon permission being granted by the consumer via the application loaded on the cable set top box, gaming system, or handheld device; and

,

a lender platform for generating the loan quotation, in response to the loan quotation request from the service provider platform.

28. The system of claim 27, wherein the consumer advertising platform and the lender platform are provided on a single system.

29. The system of claim 27, wherein the lender platform offers to provide loan quotations via a website associated with a lender or a partner of the lender.

30. The system of claim 27, wherein lending rates are watched and reported to the cable set top box, gaming system or handheld device in response to a request made by the consumer and the entered personal data.

31. The system of claim 27, the system comprising an eligibility and pricing engine.

32. The system of claim 27, the service provider platform providing lead management to the lender platform related to the loan request and requests from other consumers.

33. The system of claim 27, the service provider platform providing customer relationship management for sending reminders to the consumer related to the loan quotation request.