VEHICULAR GEOSPATIAL DATA BASED MEASUREMENT OF RISK ASSOCIATED WITH A SECURITY INTEREST IN A LOAN/LEASE PORTFOLIO
First Claim
1. A method comprising:
- receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed in the vehicle, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution with regard to an asset, and the lending institution being at least one of a party having a security interest in the asset and a party interested in acquiring at least one of the security interest in the asset and one of a loan and a lease portfolio related to the asset;
determining, through a processor of the tracking server, a location of the vehicle and a pattern of usage thereof based on the geospatial location data received;
permitting a financial entity server associated with the lending institution access to the location of the vehicle and the pattern of usage thereof through the tracking server;
determining an event through the processor of the tracking server based on the location of the vehicle and the pattern of usage thereof; and
generating, through the processor of the tracking server, a risk score associated with the at least one of the security interest in the asset and the one of the loan and the lease portfolio related to the asset based on a risk scoring methodology implemented therein, the risk scoring methodology utilizing the event determination.
3 Assignments
0 Petitions
Accused Products
Abstract
A method includes receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed therein. The vehicle is associated with a borrower in a loan agreement or a lease agreement with a lending institution with regard to an asset. The method also includes determining a location of the vehicle and a pattern of usage thereof based on the geospatial location data received, permitting a financial entity server associated with the lending institution access to the location of the vehicle and the pattern of usage thereof, and determining an event based on the location of the vehicle and the pattern of usage thereof. Further, the method includes generating, through the tracking server, a risk score associated with a security interest in the asset and/or a loan/lease portfolio related to the asset based on a risk scoring methodology implemented therein.
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Citations
20 Claims
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1. A method comprising:
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receiving, at a tracking server, geospatial location data of a vehicle at various points in time from a transmitter installed in the vehicle, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution with regard to an asset, and the lending institution being at least one of a party having a security interest in the asset and a party interested in acquiring at least one of the security interest in the asset and one of a loan and a lease portfolio related to the asset; determining, through a processor of the tracking server, a location of the vehicle and a pattern of usage thereof based on the geospatial location data received; permitting a financial entity server associated with the lending institution access to the location of the vehicle and the pattern of usage thereof through the tracking server; determining an event through the processor of the tracking server based on the location of the vehicle and the pattern of usage thereof; and generating, through the processor of the tracking server, a risk score associated with the at least one of the security interest in the asset and the one of the loan and the lease portfolio related to the asset based on a risk scoring methodology implemented therein, the risk scoring methodology utilizing the event determination. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method comprising:
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acquiring, through a data collection device including a processor communicatively coupled to a memory, geospatial location data of a vehicle at various points in time, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution with regard to an asset, and the lending institution being at least one of a party having a security interest in the asset and a party interested in acquiring at least one of the security interest in the asset and one of a loan and a lease portfolio related to the asset; determining, through the processor, a location of the vehicle and a pattern of usage thereof based on the geospatial location data acquired; determining an event through the processor based on the location of the vehicle and the pattern of usage thereof; generating, through the processor, a risk score associated with the at least one of the security interest in the asset and the one of the loan and the lease portfolio related to the asset based on a risk scoring methodology implemented therein, the risk scoring methodology utilizing the event determination; transmitting at least one of the location data of the vehicle, the pattern of usage thereof and the generated risk score to a collection server; and enabling, through the collection server, access to the at least one of the transmitted location data of the vehicle, the pattern of usage thereof and the generated risk score by a financial entity server associated with the lending institution. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A system comprising:
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a vehicle including a transmitter installed therein to transmit geospatial location thereof at various points in time, the vehicle being associated with a borrower in one of a loan agreement and a lease agreement with a lending institution with regard to an asset, and the lending institution being at least one of a party having a security interest in the asset and a party interested in acquiring at least one of the security interest in the asset and one of a loan and a lease portfolio related to the asset; and a tracking server to; receive the geospatial location data of the vehicle, determine a location of the vehicle and a pattern of usage thereof based on the received geospatial location data, permit a financial entity server associated with the lending institution access to the location of the vehicle and the pattern of usage thereof, determine an event based on the location of the vehicle and the pattern of usage thereof, and generate a risk score associated with the at least one of the security interest in the asset and the one of the loan and the lease portfolio related to the asset based on a risk scoring methodology implemented in a module stored in a memory thereof, the risk scoring methodology utilizing the event determination. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification