GEOSPATIAL DATA BASED MEASUREMENT OF RISK ASSOCIATED WITH A VEHICULAR SECURITY INTEREST IN A VEHICULAR LOAN PORTFOLIO
First Claim
1. A method comprising:
- permitting at least one of a party having a vehicular security interest and a party interested in acquiring at least one of the vehicular security interest and a vehicular loan portfolio, access to at least one of a location of a vehicle and a pattern of usage information associable with the vehicle through a geospatial positioning device installed within the vehicle;
utilizing a data link from a base terminal communicatively coupled to the geospatial positioning device such that geospatial data associated with the vehicle is transmitted from the geospatial positioning device to the base terminal via the data link;
determining at least one of the location of the vehicle and the pattern of usage information associable with the vehicle based on geospatial data received from the geospatial positioning device via the data link;
comparing at least one of the location of the vehicle and the pattern of usage information associable with the vehicle and received from the geospatial positioning device to an event;
developing a risk scoring methodology that contributes to the assessment of a financial value of at least one of the vehicular security interest and the vehicular loan portfolio when at least one of the location of the vehicle and the pattern of usage information associable with the vehicle matches the event; and
generating a risk score associated with at least one of the vehicular security interest and the vehicular loan portfolio based on the risk scoring methodology.
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Accused Products
Abstract
A method of geospatial data based assessment of a vehicular security interest in a vehicular loan portfolio is disclosed. The method may involve permitting a party having a vehicular security interest and/or a party interested in acquiring the vehicular security interest and/or a vehicular loan portfolio access to dynamically determined vehicle location and pattern of usage information associable with the vehicle through a geospatial positioning device within the vehicle. A risk scoring methodology may be developed that may contribute to the assessment of the financial value of the vehicular security interest and/or the vehicular loan portfolio when there is a match between an event and the location and pattern of usage information associable with the vehicle. Subsequently, a risk score associated with the vehicular security interest and/or the vehicular loan portfolio based on the risk scoring methodology may be generated.
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Citations
19 Claims
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1. A method comprising:
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permitting at least one of a party having a vehicular security interest and a party interested in acquiring at least one of the vehicular security interest and a vehicular loan portfolio, access to at least one of a location of a vehicle and a pattern of usage information associable with the vehicle through a geospatial positioning device installed within the vehicle; utilizing a data link from a base terminal communicatively coupled to the geospatial positioning device such that geospatial data associated with the vehicle is transmitted from the geospatial positioning device to the base terminal via the data link; determining at least one of the location of the vehicle and the pattern of usage information associable with the vehicle based on geospatial data received from the geospatial positioning device via the data link; comparing at least one of the location of the vehicle and the pattern of usage information associable with the vehicle and received from the geospatial positioning device to an event; developing a risk scoring methodology that contributes to the assessment of a financial value of at least one of the vehicular security interest and the vehicular loan portfolio when at least one of the location of the vehicle and the pattern of usage information associable with the vehicle matches the event; and generating a risk score associated with at least one of the vehicular security interest and the vehicular loan portfolio based on the risk scoring methodology. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method comprising:
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receiving geospatial data from a vehicle equipped with a geospatial positioning device capable of transmitting geospatial data associated with the vehicle to a base terminal; storing geospatial data associated with the vehicle in a dynamic table format associable with a vehicular loan portfolio to permit at least one of searching of and access to at least one geospatial data point extrapolated from geospatial data associated with the vehicle; populating the vehicular loan portfolio with geospatial data received from a plurality of vehicles with a plurality of associated geospatial data points; comparing geospatial data points associated with the plurality of vehicles with a plurality of financial risk factors attributable to the vehicular loan portfolio; determining that the geospatial data points associated with the plurality of vehicles are indicative of a financial risk associated with the vehicular loan portfolio; developing a risk scoring methodology based on the plurality of financial risk factors attributable to the vehicular loan portfolio; and generating a risk score indicative of the financial risk attributable to the vehicular loan portfolio. - View Dependent Claims (16, 17, 18)
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19. A method of geospatial data based financial risk measurement of at least one of a vehicular security interest and a vehicular loan portfolio comprising:
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retrieving geospatial data indicative of at least one of a location of a vehicle and a pattern of usage information associable with the vehicle from a geospatial positioning device in the vehicle; developing a risk scoring methodology that contributes to the measurement of a financial risk of at least one of the vehicular security interest and the vehicular loan portfolio based on at least one of the location of the vehicle and the pattern of usage information associable with the vehicle retrieved from the geospatial positioning device in the vehicle; and generating a risk score associated with at least one of the vehicular security interest and the vehicular loan portfolio based on the risk scoring methodology.
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Specification