System and method for evaluating real estate transactions
First Claim
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.
1 Assignment
0 Petitions
Accused Products
Abstract
Evaluating a real estate transaction based on preliminary data about the transaction. An evaluation system employs a transaction evaluator software module that can receive input about a customer and a type of financial product. The transaction evaluator software module also has access to a variety of data sources defining parameters for the investing institution. When the transaction evaluator receives input for a customer, it retrieves the relevant parameters for investing and performs a series of calculations to determine the likelihood that the customer'"'"'s transaction will be approved. The results of the calculations can be displayed to the user in a graphical format for a range of transaction values. The graphical presentation of the calculations assists the user in determining whether to proceed with the transaction.
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Citations
16 Claims
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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:
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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. - View Dependent Claims (2, 3)
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4. A computer-implemented method for evaluating a real estate transaction comprising the steps of:
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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; retrieving from a database coupled to the computer an impact parameter for each item of product specific information received; calculating a total impact from each of the impact parameters for each item of product specific information; and comparing the total impact to a predetermined strike zone hurdle and presenting the comparison to an investor. - View Dependent Claims (5)
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6. A non-transitory computer-readable storage device storing computer-executable instructions for making a preliminary evaluation of a probability an investor will approve a real estate transaction comprising:
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first instructions to receive by a computer identifying information for a real estate transaction from a customer comprising a product type, a collateral type, and a geographic market; second instructions to retrieve from a database coupled to the computer a scope parameter corresponding to at least one component of the received identifying information; third instructions to compare at the computer the received identifying information and the scope parameter; fourth instructions, if the identifying information satisfies the scope parameter, to receive 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; fifth instructions to determine by the computer the probability that the real estate transaction will be approved based on the received product specific information; and sixth instructions to present the probability for the preliminary evaluation of the real estate transaction to the investor. - View Dependent Claims (7, 8)
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9. A non-transitory computer-readable storage device storing computer-executable instructions for evaluating a real estate transaction comprising:
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first instructions to receive by a computer identifying information for the real estate transaction from a customer comprising a product type, a collateral type, and a geographic market; second instructions to retrieve from a database coupled to the computer a scope parameter corresponding to at least one component of the received identifying information; third instructions to compare at the computer the received identifying information and the scope parameter; fourth instructions, if the identifying information satisfies the scope parameter, to receive 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 identifying information; fifth instructions to retrieve from a database coupled to the computer an impact parameter for each item of product specific information received; sixth instruction to calculate a total impact from each of the impact parameters for each item of product specific information; and seventh instructions to compare the total impact to a predetermined strike zone hurdle and presenting the comparison to an investor. - View Dependent Claims (10)
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11. A system for evaluating a real estate transaction comprising:
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a server computer coupled to a client computer via a computer network; a data source coupled to the server computer; a transaction evaluator software module stored and running on the server computer and operable for; receiving identifying information for the real estate transaction from the client computer, where the identifying information includes a product type, a collateral type, and a geographic market; retrieving from the data source coupled to the server computer a scope parameter corresponding to at least one component of the received identifying information; comparing by the server computer the received identifying information and the scope parameter; if the identifying information satisfies the scope parameter, receiving by the server computer product specific information from the client computer, 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 server computer a probability that the real estate transaction will be approved based on the received product specific information; and transmitting the probability for a preliminary evaluation of the real estate transaction to the client computer. - View Dependent Claims (12, 13)
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14. A system for evaluating a real estate transaction comprising:
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a server computer coupled to a client computer via a computer network; a data source coupled to the server computer; a transaction evaluator software module stored and running on the server computer and operable for; receiving identifying information for the real estate transaction from the client computer, where the identifying information includes a product type, a collateral type, and a geographic market; retrieving from the data source coupled to the server computer a scope parameter corresponding to at least one component of the received identifying information; comparing at the server computer the received identifying information and the scope parameter; if the identifying information satisfies the scope parameter, receiving by the server computer product specific information from the client computer, 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; retrieving from the data source coupled to the server computer an impact parameter for each item of product specific information; calculating a total impact from each of the impact parameters for each item of product specific information; and comparing the total impact to a predetermined strike zone hurdle and transmitting the comparison to the client computer. - View Dependent Claims (15, 16)
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Specification