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Method and apparatus for credit brokering for point-of-sale leasing

  • US 8,370,253 B1
  • Filed: 07/12/2001
  • Issued: 02/05/2013
  • Est. Priority Date: 07/12/2001
  • Status: Active Grant
First Claim
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1. A computerized method performed by a broker system, to provide online credit brokering for point of sale leasing of goods from a lessor to a buyer based upon a sale of said goods from a seller to said lessor, wherein said buyer has a buyer system, said lessor has a lessor system, and said seller has a seller system, said method comprising:

  • presenting to said buyer system, one or more credit options;

    receiving, from said buyer system, a selection of a credit option from said one or more credit options, thus yielding a selected credit option;

    performing a credit application approval process, via a computer, by passing credit application data for said buyer through a progressive cumulative filtering, and rejecting said credit application in response to said credit application data failing said progressive cumulative filtering;

    qualifying said buyer for said selected credit option in response to said credit application data satisfying underwriting criteria; and

    notifying said buyer system, said seller system, and said lessor system of an initial approval of a lease to said buyer, in response to said buyer qualifying for said selected credit option.

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