FINANCIAL DATA RANKING SYSTEM

• US 20150095212A1
• Filed: 09/04/2014
• Published: 04/02/2015
• Est. Priority Date: 09/27/2013
• Status: Abandoned Application

• Current Assignee: Remeter LLC
• Original Assignee: Remeter LLC
• Inventors: Openlander, Scott H.
• Application Number:
  US14/476,926
• Publication Number:
  US 20150095212A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A system for providing financial ranking of financial transactions can be used for such business endeavors as ranks lease or purchasing property. The ranking system server compares financial data to industry information in order to transform financial data and industry information to a rank by establishing numeric benchmark values and to derive a ranking with regard to financial factors related to the business transaction. Further modification of the ranking may occur by looking at the structure the contract, such as lease in order to provide a tenant/industry/lease ranking.

Claims

1. -30. (canceled)

31. An automated system for creating and serving a ranking display web page or app, the system comprising:

a dynamic ranking display web page or app (“

RD web page”

) residing on a computer server, the RD web page for automatically aggregating industry and financial information and calculating a ranking pertaining to a lease transaction;

the computer server linked with multiple data sources including;

a first data source for industry data;

a second data source for financial data;

a third data source for lease structure data; and

each of the first, second and third data sources accessible by a computer network wherein the first, second and third data sources are each independent with respect to one another;

the computer server automatically receives industry and financial data from the first and second data source, respectively;

the computer server automatically receives lease structure data from the third data source in response to the computer server receiving financial and industry data;

using the industry and financial data to automatically create the RD web page by comparing hundreds of industry and financial data points received from the first and second data sources, transforming the financial and industry data to establish a numeric benchmark value to provide the ranking on the RD web page with regard to the lease structure data; and

providing a graphical display on the RD webpage comprising illustrations of each of three following components that are combined to calculate the ranking i) tenant score based on the financial data;

ii) industry score based on the industry data; and

iii) lease score based on the lease structure data.

32. The system of claim 31 wherein the ranking provides a numeric credit score for a first lease transaction and the ranking display web page includes a dashboard display of the numeric credit score and the numeric credit score correlates with the percent by which the ranking exceeds its peers in a corresponding data set and the computer server for simultaneously processing thousands of lease transactions received from thousands of users and providing thousands of numeric credit scores based on thousands of data points of industry information.

33. The system of claim 31 further comprising the steps of assigning an industry code based on an NAICS code to identify a particular industry and comparing the tenant with its peers based on the NAICS code and breaking out the ranking by one of a zip code, county, Metropolitan Statistical Area (MSA), state, region or nationally.

34. The system of claim 31 wherein the numeric benchmark values are derived by comparing the frequency of a score of interest to each individual item and applying a weighting factor applied to the industry information being compared to determine the ranking.

35. The system of claim 31 wherein the numeric benchmark values are derived by comparing the number of benchmarks that are less than a benchmark value percentile rank with the number of benchmarks which have the same value as the benchmark value of the percentile rank.

36. The system of claim 31 wherein the numeric benchmark values are derived by a percentile rank via the percent ranking module according to the following formula:

37. The system of claim 31 wherein the industry information includes government data comprising tax return data, the industry information pertaining to the industry of the tenant including multiple financial data points of comparable tenants.

38. The system of claim 31 wherein the tax return data includes Internal Revenue Service data received from a database of at least 140 million individuals and 27 million businesses covering at least ten previous years of tax return data and the industry information includes one of employment data, household income data or local lease/rent data.

39. The system of claim 31 wherein the industry information is incorporated with data from one of the U.S. Census Bureau and Bureau of Labor.

40. The system of claim 31 wherein the ranking provides for one of:

a) scoring of the tenant'"'"'s financial performance;

b) scoring of the tenant'"'"'s industry financial performance;

c) scoring of the lease structure for a commercial transaction; and

d) ranking a lease transaction;

41. The system of claim 31 further comprising the steps of adjusting a) lease structure, b) rent amount, c) lease amount, or d) break-even point, each in order to improve the ranking.

42. The system of claim 31 further comprising the step of analyzing one of a global watch list, judgment database, liens database, criminal or civil court records, foreclosure records or bankruptcy filings in order to adjust the ranking.

43. The system of claim 31 wherein the tenant financial data includes at least 250 data points for each lease transaction and the ranking scale is between 1 to 1000 and the ranking is displayed as a Tenant, Industry, Lease (TIL) score on the ranking display web page.

44. The system of claim 31 wherein the ranking is used to determine a lower financial risk for the lease by varying geographic location, rent amount or break-even point.

45. The system of claim 31 wherein the benchmark values are derived using one of a quintile scoring process, a linear interpolation and an order of magnitude process.

46. The system of claim 31 wherein the ranking is used for one of providing peer to peer lease benchmarking, predicting likelihood of lease renewal, predicting likelihood of lease default, providing data to support issuance of default insurance for landlords;

for determining potential business performance;

determining risk level for a portfolio of leases or commercial loans;

mitigating risk for a portfolio of leases, providing a risk-adjusted cap rate for a building sale or purchase;

determining a rating for a commercial, industrial or retail REIT or determining a rating for a lease for a Commercial Mortgage Bank Security (CMBS).

47. A system for serving and creating a web page having a composite ranking display that incorporates elements from multiple sources, the system comprising:

a computer server in communication with a computer network and automatically creating a web page or app having a composite ranking display;

a first data input module receiving financial data for a tenant, the first data input module having hundreds of financial data points, the first data input module linked to the computer server;

an industry peer group sorting module receiving industry data, the industry peer group sorting module having hundreds of industry data points, the industry peer group sorting module linked to the computer server;

a second data input module receiving information relating to a lease structure for the tenant, the second data input module linked to the computer server;

a benchmarking sub-process module automatically receives the industry and financial data points and compares the hundreds of industry and financial data points in order to transform the financial and industry data to establish a numeric benchmark value and to create a ranking display for the web page or app, providing a ranking with regard to the lease transaction;

a recalculating module for recalculating the ranking based on the lease structure information and updating the web page or app with the recalculated ranking; and

providing a graphical display on the webpage or app comprising a depiction of each of three following components that are combined to calculate the ranking;

i) tenant score based on the financial data points;

ii) industry score based on the industry data points; and

iii) lease score based on the lease structure.

48. The system of claim 47 wherein the ranking provides a credit score for a lease transaction.

49. The system of claim 47 wherein the ranking supports credit score for a transaction that may be used by a credit bureau and a weighting factor applied to information being compared to determine the ranking.

51. The system of claim 47 wherein the ranking is used to adjust the lease structure, rent amount or break-even point in order to improve the ranking.

52. An automated method for creating and serving a ranking display web page or app comprising the steps of:

automatically retrieve by the computer server, financial data for a tenant via a data input module, the financial data having hundreds of data points;

automatically retrieve by the computer server, industry information via an industry peer group sorting module, the industry information having hundreds of data points;

automatically retrieve by the computer server, information relating to a lease structure for the tenant via the data input module;

automatically comparing by the computer server, the hundreds of data points of the financial data to the hundreds of data points of the industry information via the benchmarking sub-process module in order to transform the financial data and industry information by establishing numeric benchmark values to dynamically derive a ranking display with regard to the lease structure, the comparing of the financial data to the industry information in response to the computer server determining that sufficient financial and industry information has been retrieved by the computer server;

automatically creating a ranking display web page or app including the ranking display; and

serving from the computer server the ranking display web page or app, via the transmitting module, comprising graphic depictions of each of three following components that are combined to calculate the ranking;

i) tenant score based on the financial data;

ii) industry score based on the industry information; and

iii) lease score based on the lease structure.

53. The method of claim 52 wherein the ranking display provides a numeric credit score for a first lease transaction and the numeric credit score correlates with the percent by which the ranking exceeds its peers in a corresponding data set and the computer system for simultaneously processing thousands of lease transactions received from thousands of users and providing thousands of numeric credit scores based on thousands of data points of industry information.

54. The method of claim 52 further comprising the steps of recalculating using the computer server, via the recalculating module, the lease transaction ranking based on the lease structure information;

and

assigning an industry code based on an NAICS code to identify a particular industry and comparing the tenant with its peers based on the NAICS code and breaking out the ranking by one of a zip code, county, Metropolitan Statistical Area (MSA), state, region or nationally.

55. The method of claim 52 wherein the numeric benchmark values are derived by comparing the frequency of a score of interest to each individual item and applying a weighting factor applied to the industry information being compared to determine the ranking.

56. The method of claim 52 wherein the numeric benchmark values are derived by comparing the number of benchmarks that are less than benchmark value percentile rank with the number of benchmarks which have the same value as the benchmark value of the percentile rank.

57. The method of claim 52 wherein the numeric benchmark values are derived by a percentile rank via the percent ranking module according to the following formula:

58. The method of claim 52 wherein the industry information is automatically received from a data source including one of a public data source, a private data source or landlord data source and the pubic data source includes government data comprising tax return data, the industry information pertaining to the industry of the tenant including multiple financial data points of comparable tenants.

59. The method of claim 58 wherein the tax return data includes Internal Revenue Service data received from a database of at least 140 million individuals and 27 million businesses covering at least ten previous years of tax return data and the industry information includes one of employment data, household income data or local lease/rent data.

60. The method of claim 52 wherein the industry information is incorporated with data from one of the U.S. Census Bureau and Bureau of Labor.