COMPUTER SYSTEM TO PRODUCE AND COMMUNICATE OUTPUT DATA TO CARRY OUT A FINANCIAL TRANSACTION COMPRISING A MORTGAGE LOAN

• US 20120158573A1
• Filed: 01/31/2011
• Published: 06/21/2012
• Est. Priority Date: 06/13/2003
• Status: Abandoned Application

• Current Assignee: Peter K. Trzyna
• Original Assignee: Peter K. Trzyna
• Inventors: Crocker, Greg H.
• Application Number:
  US13/018,150
• Publication Number:
  US 20120158573A1
• 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
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A machine for producing and communicating output data, via a link over a network, to carry out a financial transaction including a mortgage loan, the machine including a computer configured to receive input data corresponding to a financial transaction including a mortgage loan which includes a financial term, the financial term being a financial term which is subject to change before the financial term has a set value triggered, according to information elicited regarding a potential customer who contemplates the mortgage loan, by a current market rate, produce output data from the input data, store the produced output data in memory, and communicate the produced output data from the memory, via a link over a network to, at least one of a consumer'"'"'s computer, a broker'"'"'s computer, a lender'"'"'s computer, a seller'"'"'s computer, a securities exchange computer, a trading desk computer, a buyer'"'"'s broker computer, and an investor'"'"'s computer so as to carry out the financial transaction including the mortgage loan.

Claims

1. A machine for producing and communicating output data, via a link over a network, to carry out a financial transaction comprising a mortgage loan, the machine comprising:

a computer configured to;

receive input data corresponding to a financial transaction comprising a mortgage loan which includes a financial term, the financial term being a financial term which is subject to change before the financial term has a set value triggered, according to information elicited regarding a potential customer who contemplates the mortgage loan, by a current market rate;

produce output data from the input data;

store the produced output data in memory; and

communicate the produced output data from the memory, via a link over a network to, at least one of a consumer'"'"'s computer, a broker'"'"'s computer, a lender'"'"'s computer, a seller'"'"'s computer, a securities exchange computer, a trading desk computer, a buyer'"'"'s broker computer, and an investor'"'"'s computer so as to carry out the financial transaction comprising the mortgage loan.