Loss impact tracking system and method
First Claim
1. A method for assessing loss associated with a loan, the method comprising:
- designating status queues for a plurality of existing loans;
assigning by a computer at least one loan of the plurality of the existing loans and loan information associated with the at least one loan to one of the designated status queues based on at least the loan information;
accessing the at least one loan and loan information associated therewith from at least one of the designated status queues;
displaying the loan information;
updating the loan information based on an analysis; and
re-assigning by a computer the loan and the loan information to at least one of the designated status queues based on the updating of the loan information,wherein the analysis comprises assessment of loss associated with disposition of the loan, and the re-assigning comprises determination of status queues based on the assessment.
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Accused Products
Abstract
Methods and systems for assisting analysis of potential gain or loss associated with acquiring property, and analysis of data related to disaster (such as due to flood, fire, etc.) affected properties with delinquent payments to determine the appropriate equity decision regarding a foreclosure action on one or more liens associated with the property. Loans and information associated therewith are assigned to one of the status queues that include a queue for loans eligible for review, a queue for loans reviewed based on the analysis, a queue for loans having a certain risk factor associated therewith, a queue for loans designated for foreclosure, a queue for loans having a certain lien position associated therewith, a queue for loans designated for bid-at-sale, and a queue for loans designated for disposition without any further action by the lender. Multiple liens associated with a subject property can be displayed and analyzed to facilitate assessment of the loan and recommendations for disposition thereof. Insurance payment information for disaster-affected underlying properties is displayed and can be taken into account when assessing the loan and formulating recommendations for disposition thereof.
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Citations
20 Claims
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1. A method for assessing loss associated with a loan, the method comprising:
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designating status queues for a plurality of existing loans; assigning by a computer at least one loan of the plurality of the existing loans and loan information associated with the at least one loan to one of the designated status queues based on at least the loan information; accessing the at least one loan and loan information associated therewith from at least one of the designated status queues; displaying the loan information; updating the loan information based on an analysis; and re-assigning by a computer the loan and the loan information to at least one of the designated status queues based on the updating of the loan information, wherein the analysis comprises assessment of loss associated with disposition of the loan, and the re-assigning comprises determination of status queues based on the assessment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system for assessing loss associated with a loan, the system comprising:
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a display configured to provide interactive viewing of information; an input device configured to receive user input; and a controller configured to provide access to the information and facilitate manipulation of the information on the display based on the user input; wherein; the information comprises at least one loan of a plurality of existing loans and loan information associated with the at least one loan assigned by a computer to one of a plurality of designated status queues based on at least the loan information; the at least one loan and loan information associated therewith is accessible from at least one of the designated status queues for viewing on the display; the loan information is updated based on at least one of an analysis and a user input; the user input comprises at least one of data for the manipulation of the information on the display and data for updating the loan information; and the controller is configured to re-assign the loan and the loan information to at least one of the designated status queues based on the updating of the loan information, wherein the analysis comprises assessment of loss associated with disposition of the loan, and the re-assigning by the controller comprises determination of status queues based on the assessment. - View Dependent Claims (18)
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19. A non-transitory computer readable medium having stored thereon set of instructions configured to cause a computer processor to facilitate assessing loss associated with a loan, the instructions comprising:
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a first set of instructions for designating status queues for a plurality of existing loans; a second set of instructions for assigning by a computer at least one loan of the plurality of the existing loans and loan information associated with the at least one loan to one of the designated status queues based on at least the loan information; a third set of instructions for accessing the at least one loan and loan information associated therewith from at least one of the designated status queues; a fourth set of instructions for displaying the loan information; a fifth set of instructions for updating the loan information based on at least one of an analysis and a user input; and a sixth set of instructions for re-assigning by a computer the loan and the loan information to at least one of the designated status queues based on the updating of the information, wherein the analysis comprises assessment of loss associated with disposition of the loan, and the re-assigning comprises determination of status queues based on the assessment. - View Dependent Claims (20)
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Specification