Computer implemented automated credit application analysis and decision routing system

• US 7,814,002 B2
• Filed: 08/28/2003
• Issued: 10/12/2010
• Est. Priority Date: 09/12/1995
• Status: Expired due to Fees

• Current Assignee: First American Bank (The PNC Financial Services Group, Inc.)
• Original Assignee: DealerTrack, Inc. (Cox Enterprises Incorporated)
• Inventors: Freiman, Scott L., Agrawal, Arvind K., DeFrancesco, James R.
• Primary Examiner(s): Nguyen; Nga B.
• Application Number:
  US10/650,389
• Publication Number:
  US 20040138993A1
• Time in Patent Office: 2,602 Days
• Field of Search: 705/35, 705/36, 705/37, 705/38
• US Class Current: 705/38
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A credit application and routing system includes a central processor having and executing a program. The system includes data input capabilities for selectively receiving credit application data from respective applicants at remote locations, and routing capabilities for selectively forwarding the credit application data to remote funding sources and selectively forwarding funding decision data from the funding sources to the respective applicants. The computer program includes routines for receiving a credit application from at least one remote application input and display device, for selectively forwarding a received credit application to at least one funding source, for receiving a funding decision from the at least one funding source, and for forwarding a received funding decision to the at least one remote application input and display device. The system can also obtain credit report data from credit bureau, and analyze and summarize the credit report data. A computer readable storage medium has a substrate physically configured to represent the computer program which causes a computer to provide the credit application and routing system.

Claims

1. A computer readable medium comprising computer instructions to receive and route credit application information, said instructions comprising:

executable instructions for receiving a credit application from at least one remote application input location;

executable instructions for selectively forwarding said received credit application to a plurality of funding sources;

executable instructions for receiving a funding decision from said plurality of funding sources;

executable instructions for receiving content from said plurality of funding sources; and

executable instructions for delivering said content to said at least one remote application input location.

2. A computer readable medium as in claim 1, further comprising:

executable instructions for receiving from said plurality of funding sources content targeted to select one(s) of said at least one remote application input location; and

;

executable instructions for delivering said targeted content to said select one(s) of said at least one remote application input location.

3. A computer readable medium as in claim 1, wherein content is selected from the group consisting of product information, new and used vehicle RATE PROGRAM pricing and announcement messages.

4. A computer readable medium as in claim 1, further comprising executable instructions for generating at least one defined group of said plurality of funding sources wherein said content is delivered to said at least one defined group.

5. A method for receiving and routing credit application information, comprising the steps of:

receiving a credit application from at least one remote application input location using a network device;

selectively forwarding, by a processor, said received credit application to a plurality of funding sources;

receiving a funding decision and content from said plurality of funding sources using a communications interface;

receiving content from said plurality of funding sources using the communications interface; and

delivering said content to said at least one remote application input location using the network device.

6. A method as in claim 5, further comprising the steps of:

receiving from said plurality of funding sources content targeted to select one(s) of said at least one remote application input location using said communications interface; and

;

delivering said targeted content to said select one(s) of said at least one remote application input location using said network device.

7. A method as in claim 5, wherein said content is selected from the group consisting of product information, new and used vehicle RATE PROGRAM pricing and announcement messages.

8. A method as in claim 5, further comprising the steps of designating, by said processor, at least one defined group of said plurality of funding sources and delivering said content to said at least one defined group using said communications interface.

9. An apparatus for receiving and routing credit application information, comprising:

a network device to receive a credit application from at least one remote application input location and deliver content to said at least one remote application input location;

a processor configured to selectively forward said received credit application to a plurality of funding sources; and

a communications interface to receive at least one of a funding decision and said content from said plurality of funding sources.

10. An apparatus as in claim 9, wherein:

said communications interface is further configured to receive from said plurality of funding sources content targeted to select one(s) of said at least one remote application input location; and

;

said network device is further configured to deliver said targeted content to said select one(s) of said at least one remote application input location.

11. An apparatus as in claim 9, wherein said content is selected from the group consisting of product information, new and used vehicle RATE PROGRAM pricing and announcement messages.

12. An apparatus as in claim 9, wherein said processor is further configured to generate at least one defined group of said plurality of funding sources and said communications interface is further configured to distribute said content to said at least one defined group.