Methods and systems for asset/loan management and processing

• US 7,860,781 B1
• Filed: 01/03/2003
• Issued: 12/28/2010
• Est. Priority Date: 01/04/2002
• Status: Active Grant

• Current Assignee: The PNC Financial Services Group, Inc.
• Original Assignee: Midland Loan Services, Inc. (The PNC Financial Services Group, Inc.)
• Inventors: Matheson, Michael I., Drescher, Rick, Bodi, Dave J., Fouts, Noel F., Spellins, Randall J.
• Primary Examiner(s): Kramer; James A
• Assistant Examiner(s): Norman; Samica L
• Application Number:
  US10/336,501
• Time in Patent Office: 2,916 Days
• Field of Search: 705/35, 705/36, 705/38
• US Class Current: 705/38
• 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

Abstract

In one embodiment of the present methods and systems, in a servicing entity, a computer-assisted method is provided for managing commercial mortgages. The method includes storing information associated with a plurality of mortgages in a data model; allowing a plurality of participants to access the mortgage information to enable shared servicing of the plurality of mortgages; storing a set of business rules in a database, the set of business rules being configured for application to the mortgage information, the database being operatively associated with the data model; and, allowing the plurality of participants to access the mortgage information from origination of the plurality of mortgages to disposition of the plurality of mortgages. System and computer-readable media embodiments associated with the present method embodiments are also provided.

Claims

1. In a servicing entity, a computer-assisted method for managing commercial mortgages, said method comprising:

storing information associated with a plurality of mortgages in a data model in an electronic data storage medium;

allowing a plurality of participants to electronically access said mortgage information using a computer system to enable shared servicing of said plurality of mortgages;

selecting and grouping at least a portion of said plurality of mortgages for securitization of said selected and grouped portion of said plurality of mortgages;

electronically associating at least one user group with the plurality of mortgages, wherein the associated user group defines at least one critical loan field for the plurality of mortgages;

tracking collateral information related to the underlying collateral of said mortgage associated with said mortgage information using the computer system;

tracking cash flow information associated with said collateral information included within said mortgage information using the computer system, including;

rolling together cash flow information at a loan level to interface the cash flow information with a general ledger, and

rolling together cash flow information by at least one criterion selected from the group consisting of date, company, department, and cost center;

storing a set of business rules in an electronic database, said set of business rules being configured for application to said mortgage information, wherein each business rule comprises discrete components stored in separate tables, wherein the discrete components comprise (i) a rule name and description, (ii) a rule operand, (iii) a rule operator, and (iv) an operand object type, said database being operatively associated with said data model; and

,

allowing said plurality of participants to electronically access said mortgage information using the computer system from origination of said plurality of mortgages to disposition of said plurality of mortgages, wherein the origination begins when a potential borrower requests a loan, and wherein the disposition occurs upon expiration of the mortgage or upon full payment of the mortgage.

2. The method of claim 1, wherein said set of business rules includes a plurality of business objects associated with ownership of at least a portion of said plurality of mortgages.

3. The method of claim 1, further comprising storing said mortgage information in said data model in substantially real time.

4. The method of claim 1, wherein said data model includes a plurality of data tables.

5. The method of claim 1, further comprising using an asset management module included within said data model for managing at least one asset management activity associated with said plurality of mortgages, wherein said management activity comprises at least one of loan covenant tracking, disbursement of escrows, and third party reports.

6. The method of claim 1, further comprising using a contractor module included within said data model for receiving data related to said plurality of mortgages from at least one entity external with respect to said servicing entity.

7. The method of claim 1, further comprising communicating at least a portion of said mortgage information to a web server.

8. The method of claim 7, further comprising accessing said mortgage information from said web server by employing an access device.

9. The method of claim 1, further comprising accessing said mortgage information using at least one graphical user interface.

10. The method of claim 1, further comprising performing at least one underwriting function in association with said mortgage information.

11. The method of claim 1, further comprising using an asset management module included within said data model for managing loan level information selected from the group consisting of loan write-ups, risks and mitigants, exceptions, rates and terms, prepayments, amortization, legal issues, and investor file contents.

12. The method of claim 1, further comprising using an asset management module included within said data model for managing borrower and guarantor financial statements associated with said plurality of mortgages.

13. The method of claim 1, further comprising using an asset management module included within said data model for managing loan covenant tracking associated with said plurality of mortgages.

14. The method of claim 1, further comprising using an asset management module included within said data model for managing prepayment penalty information associated with said plurality of mortgages.

15. The method of claim 1, further comprising using an asset management module included within said data model for managing rent rolls associated with said plurality of mortgages.

16. The method of claim 1, further comprising using an asset management module included within said data model for managing disbursement of escrows associated with said plurality of mortgages.

17. The method of claim 1, further comprising using an asset management module included within said data model for managing third party reports associated with said plurality of mortgages.

18. In a servicing entity, a system for managing commercial mortgages during a period from origination to disposition, said system comprising:

an electronic computer system programmed to execute a data model stored in an electronic data storage medium;

a data model configured for storing commercial mortgage information associated with a plurality of mortgages and configured for allowing a plurality of participants to access said commercial mortgage information to enable shared servicing of said plurality of mortgages;

an electronic commercial mortgage management database operatively associated with said data model, said commercial mortgage management database configured for storing at least a portion of said commercial mortgage information;

an electronic production and administration database operatively associated with said data model, said production and administration database configured for storing at least a portion of said commercial mortgage information, wherein said production and administration database includes;

a loan information module configured for associating at least one user group with the plurality of mortgages, wherein the user group defines at least one critical loan field for the plurality of mortgages;

a property information module configured for tracking collateral information associated with said commercial mortgage information using the computer system;

a cash flow management module configured for tracking cash flow information related to collateral information included within said commercial mortgage information using the computer system, and further configured for rolling together cash flow information at a loan level to interface the cash flow information with a general ledger, and for rolling together cash flow information by at least one criteria selected from the group consisting of date, company, department, and cost center; and

a securitization module configured for selecting and grouping at least a portion of said plurality of mortgages for securitization;

at least one set of business rules stored on at least one of said commercial mortgage management database and said production and administration database, said set of business rules being configured for processing said commercial mortgage information, wherein each business rule comprises discrete components stored in separate tables, wherein the discrete components comprise (i) a rule name and description, (ii) a rule operand, (iii) a rule operator, and (iv) an operand object type; and

,

said data model being configured to allow said plurality of participants to electronically access said commercial mortgage information from origination of said plurality of mortgages to disposition of said plurality of mortgages, wherein the origination begins when a potential borrower requests a loan, and wherein the disposition occurs upon expiration of the mortgage or upon full payment of the mortgage.

19. The system of claim 18, further comprising a web server configured for enabling communication between said data model and an access device.

20. The system of claim 19, wherein said access device is configured to view at least one graphical user interface generated by said web server.

21. The system of claim 19, wherein said access device is selected from the group consisting of a desktop computer, a laptop, a workstation, and a personal data assistant.

22. The system of claim 18, wherein said production and administration database includes at least a loan information module configured for tracking said commercial mortgage information.

23. The system of claim 18, wherein said production and administration database includes at least a stages/status module.

24. The system of claim 18, wherein said production and administration database includes at least an underwriting module configured for performing at least one underwriting function associated with said commercial mortgage information.

25. The system of claim 18, further including an asset management module operatively associated with at least one of said databases, said asset management module configured for managing at least one asset management activity associated with said commercial mortgage information.

26. The system of claim 18, further including a contractor module operatively associated with at least one of said databases, said contractor module configured for receiving data related to said commercial mortgage information from at least one entity external with respect to said servicing entity.

27. A computer-readable medium including instructions for performing a method for managing commercial, mortgages, said method comprising:

storing information associated with a plurality of mortgages in a data model in an electronic data storage medium;

allowing a plurality of participants to electronically access said mortgage information using a computer system to enable shared servicing of said plurality of mortgages;

associating at least one user group with the plurality of mortgages, wherein the associated user group defines at least one critical loan field for the plurality of mortgages;

selecting and grouping at least a portion of said plurality of mortgages for securitization of said selected and grouped portion of said plurality of mortgages;

tracking collateral information related to the underlying collateral of said mortgage associated with said mortgage information using the computer system;

tracking cash flow information associated with said collateral information included within said mortgage information using the computer system, including;

rolling together cash flow information at a loan level to interface the cash flow information with a general ledger, and

rolling together cash flow information by at least one criterion selected from the group consisting of date, company, department, and cost center;

storing a set of business rules in an electronic database, said set of business rules being configured for application to said mortgage information, wherein each business rule comprises discrete components stored in separate tables, wherein the discrete components comprise (i) a rule name and description, (ii) a rule operand, (iii) a rule operator, and (iv) an operand object type, said database being operatively associated with said data model; and

,

allowing said plurality of participants to electronically access said mortgage information using the computer system from origination of said plurality of mortgages to disposition of said plurality of mortgages, wherein the origination begins when a potential borrower requests a loan, and wherein the disposition occurs upon expiration of the mortgage or upon full payment of the mortgage.

28. In a servicing entity, a computer-assisted method for managing commercial mortgages, said method comprising:

storing information associated with a plurality of mortgages in a data model in an electronic data storage medium;

allowing a plurality of participants to electronically access said mortgage information using a computer system to enable shared servicing of said plurality of mortgages;

storing a set of business rules in a database, said set of business rules being configured for application to said mortgage information, wherein each business rule comprises discrete components stored in separate tables, wherein the discrete components comprise (i) a rule name and description, (ii) a rule operand, (iii) a rule operator, and (iv) an operand object type, said database being operatively associated with said data model;

allowing said plurality of participants to electronically access said mortgage information using the computer system from origination of said plurality of mortgages to disposition of said plurality of mortgages, wherein the origination begins when a potential borrower requests a loan, and wherein the disposition occurs upon expiration of the mortgage or upon full payment of the mortgage;

performing at least one underwriting function in association with said mortgage information;

selecting and grouping at least a portion of said plurality of mortgages for securitization of said selected and grouped portion of said plurality of mortgages;

tracking collateral information associated with said mortgage information using the computer system;

tracking cash flow information associated with said collateral information included within said mortgage information using the computer system, including rolling together cash flow information at a loan level to interface the cash flow information with a general ledger, and rolling together cash flow information by at least one criteria selected from the group consisting of date, company, department, and cost center;

electronically associating at least one user group with the plurality of mortgages, wherein the associated user group defines at least one critical loan field for the plurality of mortgages;

using an asset management module included within said data model for managing at least one asset management activity associated with said plurality of mortgages, wherein said management activity comprises at least one of loan covenant tracking, disbursement of escrows, and third party reports.

29. In a servicing entity, a computer-assisted method for managing commercial mortgages, said method comprising:

storing information associated with a plurality of mortgages in a data model in an electronic data storage medium;

allowing a plurality of participants to electronically access said mortgage information using a computer system to enable shared servicing of said plurality of mortgages;

storing a set of business rules in an electronic database, said set of business rules being configured for application to said mortgage information, wherein each business rule comprises discrete components stored in separate tables, wherein the discrete components comprise (i) a rule name and description, (ii) a rule operand, (iii) a rule operator, and (iv) an operand object type, said database being operatively associated with said data model;

allowing said plurality of participants to electronically access said mortgage information using the computer system from origination of said plurality of mortgages to disposition of said plurality of mortgages, wherein the origination begins when a potential borrower requests a loan, and wherein the disposition occurs upon expiration of the mortgage or upon full payment of the mortgage;

performing at least one underwriting function in association with said mortgage information;

selecting and grouping at least a portion of said plurality of mortgages for securitization of said selected and grouped portion of said plurality of mortgages;

electronically associating at least one user group with the plurality of mortgages, wherein the associated user group defines at least one critical loan field for the plurality of mortgages;

tracking collateral information and cash flow information associated with said mortgage information using the computer system, wherein tracking cash flow information includes rolling together cash flow information at a loan level to interface the cash flow information with a general ledger, and rolling together cash flow information by at least one criteria selected from the group consisting of date, company, department, and cost center; and

managing at least one asset management activity associated with said plurality of mortgages with an asset management module included within said data model, wherein said management activity comprises at least one of loan covenant tracking, disbursement of escrows, and third party reports.