System for online lending services via an application service provider network
First Claim
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1. A system for online loan origination services comprising:
- a application service provider (ASP) server system for dynamically importing consumer mortgage loan application data from a loan origination server and for dynamically exporting said mortgage loan application data to lenders, comprising;
a queue manager that receives and queues completed loan applications over the internet;
an application server configured to periodically poll said queue manager for new loan applications and to extract data from said loan applications;
an SQL data server for populating a resident SQL database with the extracted data, inclusive of an Adobe®
Acrobat-generated application form stored in binary in the SQL database;
a messaging server for providing email notification of successful extraction.
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Abstract
A method for online lending services with the creation and population of loan applications and other related documents in Portable Document Format (PDF) for subsequent access by applicant and other entities. Consumers use their Web browsers for access and said method includes an Application Service Provider (ASP) architecture, a loan origination site interface, and a secure server facility.
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Citations
8 Claims
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1. A system for online loan origination services comprising:
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a application service provider (ASP) server system for dynamically importing consumer mortgage loan application data from a loan origination server and for dynamically exporting said mortgage loan application data to lenders, comprising; a queue manager that receives and queues completed loan applications over the internet; an application server configured to periodically poll said queue manager for new loan applications and to extract data from said loan applications; an SQL data server for populating a resident SQL database with the extracted data, inclusive of an Adobe®
Acrobat-generated application form stored in binary in the SQL database;a messaging server for providing email notification of successful extraction. - View Dependent Claims (2, 3)
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4. A method for online lending services comprising the steps of:
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queuing loan applications completed by consumers; extracting data from said loan applications at periodic intervals and populating a central SQL database with said extracted data; automatically notifying a lender that said extracted data is ready for processing; exporting said extracted data to said lender. - View Dependent Claims (5)
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6. A method of processing loan applications, comprising the steps of:
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temporarily storing loan application data as entered by a consumer on a first server hosted by a loan originator in Extensible Markup Language; dynamically extracting said loan application data at periodic intervals in Extensible Markup Language to a second server and storing said loan application data thereon in SQL format; providing web-access to said loan application data for viewing by said consumer as well as lenders and loan originators.
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7. A method of providing ASP services to process loan applications, comprising the steps of:
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hosting a third party loan origination website adapted to accept loan applications; hosting a server system configured to poll said third party loan origination website for newly-completed loan applications, and to dynamically extract select loan application data therefrom at periodic intervals; hosting a separate database server and storing the extracted loan application data thereon in SQL format in an SQL database; providing web-access to said loan application data for viewing by said consumer as well as lenders and loan originators. - View Dependent Claims (8)
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Specification