Method and system for commercial credit analysis
First Claim
1. A method for a user to process a loan application for an applicant, comprising:
- said user entering loan products requested;
said user entering data relating to said application into a data management system;
said data management system checking said data for completeness and generating preliminary results;
said data management system transmitting said data and preliminary results to an expert analysis system;
said expert analysis system assessing and recommending a loan decision using an evidence tree, wherein said data and preliminary results are propagated from a first set of nodes or factors to a second set of nodes in the evidence tree; and
generating a set of documents and transmitting applicant information from said expert analysis system to said data management system so that the data management system produces the set of documents and other forms.
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Accused Products
Abstract
This invention describes a method and system for assimilating data, applying reasoning mechanisms, and emulating the thought processes of a credit officer for commercial credit analysis. The system aids a credit officer in the risk assessment and completion of a loan package. The system thereby improves loan turnaround time and customer service, improving loan servicing capacity, quality, and consistency of credit decisions, and reducing costs. The system includes: 1) a conventional data base management system subsystem that manages and collects data via electronic access and end-user data entry; and 2) a decision support expert system that applies a knowledge base and inference engine (collectively known as an assessment model) utilizing an evidence tree and a generalized weighting approach to analyze credit requests.
582 Citations
57 Claims
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1. A method for a user to process a loan application for an applicant, comprising:
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said user entering loan products requested; said user entering data relating to said application into a data management system; said data management system checking said data for completeness and generating preliminary results; said data management system transmitting said data and preliminary results to an expert analysis system; said expert analysis system assessing and recommending a loan decision using an evidence tree, wherein said data and preliminary results are propagated from a first set of nodes or factors to a second set of nodes in the evidence tree; and generating a set of documents and transmitting applicant information from said expert analysis system to said data management system so that the data management system produces the set of documents and other forms. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method for an expert analysis system to assist a user with making a loan decision based on inputted data, comprising:
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preprocessing to align evidence tree elements and assign weights based on the profile of said loan application; analyzing the inputted data in preparation for input to the evidence tree elements; inputting said analyzed inputted data into the evidence tree elements; assigning values to some of the inputted data based on a scale; evaluating the evidence tree elements based on the weights assigned and the values by multiplying some of the values by some of the weights to create weighted values that are propagating from a first node to a second node; producing an explanation of strengths and weaknesses of the loan application based on inputs to and results of the evidence tree analysis; and making a loan recommendation. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48)
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49. A system for a user to process a loan application by an applicant, comprising:
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means for entering data relating to said application into a data management system; means for said data management system to check said data; means for said data management system to generate relevant documents for said applicant relating to said application; means for said data management system to transmit said data to an evidence tree; means for said evidence tree to assess and recommend a loan decision by propagating data from a first node or factor to a second node in the evidence tree; and means for said evidence tree to transmit applicant information to said data management system so that the data management system may generate a set of relevant documents. - View Dependent Claims (50, 51, 52)
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53. A method for processing an application comprising:
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entering applicant data into a processing system; organizing the applicant data into formatted data by the processing system generating preliminary results by the processing system; forwarding the preliminary results to an expert analysis system comprised of an evidence tree; accessing at least one database to obtain additional data; generating second results by the expert system based upon the formatted data, preliminary results and the additional data using the evidence tree containing a plurality of nodes and factors and at least one of the following techniques; propagating a value from a first node or a first factor to a second node; propagating a weighted value from a third node or a second factor to a fourth node; forwarding the results to the processing system; and producing documents necessary to manage a financial transaction by the processing system wherein some of the results from the expert analysis system are contained in the documents. - View Dependent Claims (54, 55, 56, 57)
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Specification