Providing Loan Services In The Event Of A Total Loss Claim
0 Assignments
0 Petitions
Accused Products
Abstract
Providing a property replacement loan offer to a customer that has lost property in a total loss event where the offer is provided automatically in response to an indication of the total loss event. The invention includes computer-based processes that collect customer-specific data for the customer whose property is involved in the total loss event and using this data to prequalify the customer for the property replacement loan. The processing includes accessing a credit bureau to receive data related to the customer'"'"'s credit.
-
Citations
20 Claims
-
1-12. -12. (canceled)
-
13. A computer-based method for automatically providing a loan offer to a customer comprising the steps of:
-
receiving at a computer an indication of a total loss event for a customer'"'"'s property; querying, by the computer, a data source comprising customer-specific data to collect prequalification data for a customer; receiving, at the computer in response to the query, the customer-specific data; determining, by the computer, based on the customer-specific data whether the customer has elected privacy options that would prevent the use of the customer-specific data to provide the loan offer; determining, by the computer, whether the customer-specific data includes at least one piece of data that can be used to perform a credit check; submitting, by the computer, the customer-specific data to a credit bureau computer when the customer has not elected privacy options that would prevent the use of the customer-specific data to provide the loan offer and when the customer-specific data includes at least one piece of data that can be used to perform a credit check; receiving, by the computer from the credit bureau computer, a result of a credit evaluation; determining whether the customer prequalifies for a property replacement loan based on the result of the credit evaluation received; providing, by the computer, the customer an offer for the property replacement loan when the customer prequalifies; and reporting, by the computer, a status of the loan offer. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
-
Specification