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System and method for evaluating real estate transactions

  • US 7,860,788 B2
  • Filed: 09/17/2008
  • Issued: 12/28/2010
  • Est. Priority Date: 02/12/2002
  • Status: Expired due to Fees
First Claim
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1. A computer-implemented method for making a preliminary evaluation of a probability an investor will approve a real estate transaction comprising the steps of:

  • receiving by a computer identifying information for the real estate transaction from a customer comprising a product type, a collateral type, and a geographic market;

    retrieving from a database coupled to the computer a scope parameter corresponding to at least one component of the received identifying information;

    comparing by the computer the received identifying information and the scope parameter;

    if the identifying information satisfies the scope parameter, receiving by the computer product specific information from the customer, the product specific information comprising an amount of the product, a product fee, and a collateral age, where the product specific information is related to the real estate transaction;

    determining by the computer the probability that the real estate transaction will be approved based on the received product specific information; and

    presenting the probability for the preliminary evaluation of the real estate transaction to the investor.

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