Geographic information system for depicting information relating to mortgage lending activity

• US 8,055,578 B1
• Filed: 12/20/2002
• Issued: 11/08/2011
• Est. Priority Date: 12/28/2001
• Status: Active Grant

• Current Assignee: Fannie Mae
• Original Assignee: Fannie Mae
• Inventors: Hallman, Paul
• Primary Examiner(s): Cheung; Mary
• Assistant Examiner(s): Malhotra; Sanjeev
• Application Number:
  US10/324,099
• Time in Patent Office: 3,245 Days
• Field of Search: 701/207, 701/213, 705/4, 705/10, 705/14, 705/14.39, 705/26.5, 705/26.8, 705/36.R, 705/38, 707/752, 709/219, 709/228, 715/835, 1/1, 348/135, 348/143, 379/93.17, 702/150
• US Class Current: 705/38
• CPC Class Codes: G06Q 30/0239 Online discounts or incentives
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 30/0621 Item configuration or customization
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• 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 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system for depicting information relating to mortgage lending activities. A database stores information including demographic, economic, and mortgage lending information used in mortgage lending activities. Information in the database and information entered by a user is used to depict customized geographic and demographic information relating to a mortgage activity.

Claims

1. A system for depicting geographic and demographic information relating to mortgage lending activities, the system comprising:

a database that stores information including demographic, economic, and mortgage lending information used in mortgage lending activities from a plurality of public and private sources;

a user interface, which is configured to receive from a user identifications of geographical regions, present to the user information in the database for identified geographical regions, receive from the user selections from a list of options that are used to filter the information from the database for the identified geographical regions, and present visual representations corresponding to the received information;

a mapping application, in operative communication with the database and the user interface, which uses the information in the database and information entered by the user to generate the visual representations, wherein the visual representations include depictions of demographic, economic and mortgage lending information relating to a mortgage lending activity, wherein the mapping application receives the information received from the user from the list of options to filter the information retrieved from the database, and wherein the mapping application customizes the generated depictions of demographic, economic and mortgage lending information for selected geographic regions for use by a mortgage market participant in understanding mortgage lending activity for a geographic area that comprises the selected geographic regions.

2. The system of claim 1, wherein the information in the database provides statistics about mortgaged properties and is used to assist mortgage market participants in understanding strategic markets for a product.

3. The system of claim 1, wherein the public and private sources comprise census reports, mortgage investment institutions and market research firms.

4. The system of claim 1, wherein the user enters an identifier and password to access information on the database.

5. The system of claim 1, wherein the user interface is a web page.

6. The system of claim 1, wherein mapping application also prompts the user to select a geographic region and a thematic selection to retrieve specific information relating to a mortgage market in the selected geographic region.

7. The system of claim 1, wherein a mapping application accesses look up tables in the database to retrieve data for a specified geographic area.

8. The system of claim 1, wherein the geographic regions represented in the database are assigned codes that are used to associate the geographic regions with codes assigned to the demographic, economic, and mortgage lending information in the database, wherein based on the information entered by the user, the mapping application matches a specific geographic region code with data assigned the same code to retrieve the appropriate demographic, economic, and mortgage lending information from the database.

9. The system of claim 1, wherein the user is allowed to customize a visual representation that is generated by the mapping application through additional selections from the list of options.

10. A method for depicting geographic and demographic information relating to mortgage lending activities, the method comprising the steps of:

obtaining and storing mortgage lending activity information in a database, said mortgage lending activity information comprising demographic, economic and mortgage lending information used in mortgage lending activities;

receiving from a user identifications of geographical regions;

presenting to the user mortgage lending activity information stored in the database that corresponds to the identified geographical regions;

presenting to the user a list of options for filtering the mortgage lending activity information that corresponds to the identified geographical areas and receiving from the user selections from the list of options;

generating of visual representations comprising receiving the selections from the list of options, filtering the mortgage lending activity information retrieved from the database, and customizing generated depictions of demographic, economic and mortgage lending information for the selected geographic regions; and

presenting the visual representations to the user to convey an understanding of mortgage lending activity for a geographic area that comprises the selected geographic regions.

11. The method of claim 10, further comprising prompting the user to select a geographic region and a thematic selection to retrieve specific information relating to a mortgage market in the selected geographic region.

12. The method of claim 10, further comprising accessing look up tables in the database to retrieve data for a specified geographic area.

13. The method of claim 10, further comprising matching a specific geographic region code with data assigned the same code to retrieve the appropriate demographic, economic, and mortgage lending data from the database.

14. The method of claim 10, further comprising the step of allowing the user to customize the visual representation through additional selections from the list of options.

15. The method of claim 10, further comprising the step of allowing the user to query an area in a visual representation that is generated by the mapping application and wherein the mapping application retrieves underlying information relating to the area.