Systems and methods for asset valuation

• US 8,442,908 B2
• Filed: 06/11/2010
• Issued: 05/14/2013
• Est. Priority Date: 06/12/2009
• Status: Active Grant

• Current Assignee: MCM Capital Partners LLC (MCM Capital Partners)
• Original Assignee: Mcmcap Partners, LLC
• Inventors: Niccolini, Michael, Kirkbride, Kevin, Hancock, Walter, Newcomb, William L., Williams, James Jedediah
• Primary Examiner(s): JOHNSON, GREGORY L
• Application Number:
  US12/813,657
• Publication Number:
  US 20100318451A1
• Time in Patent Office: 1,068 Days
• Field of Search: 705/38, 705/35
• US Class Current: 705/38
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• 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 50/16 Real estate

Abstract

Systems and methods for asset valuation, whole loan processing and inventory management is described. The systems and methods may include modules. An asset valuation tool may use multiple data sources for producing current and predicted future values and historical and intermediate data points on a requested timeline. A loan information pricing tool may perform unlimited volumes of loan program eligibility and multi-variable pricings on a user desktop. A workout activity tracking tool may capture, monitor, measure and report on a loan workout process including direct hosting and integration of the asset valuation tool and the loan information pricing tool. The present invention may offer diverse and competitive modular components as well as an integrated and innovative platform that does not exist in the market.

Claims

1. A system for asset valuation, whole loan processing and inventory management, the system comprising:

a processor;

a memory operatively coupled to the processor, the memory comprising computer program instructions executable by the processor for operating modules comprising;

an asset valuation tool using multiple data sources for producing current and predicted future values and historical and intermediate data points on a requested timeline, wherein the asset valuation tool produces the current and predicted future valuations on demand, and wherein the asset valuation tool performs the steps comprising;

receiving a query from a user regarding an asset for valuation;

accessing data related to the asset from a plurality of data sources, wherein the data includes at least a first index value for the asset, a second index value for the asset, and a first valuation value, wherein the first index value, the second index value and the first valuation value are actual values and not estimates;

calculating an index of monthly value percentage changes from the first index value for the asset to the second index value for the asset;

applying the index of monthly value percentage changes to the first valuation value to create a pattern of monthly valuation values based on actual property-level transaction data;

projecting future index values by statistical trend analysis of the index of monthly value percentage changes, underlying values of the index of monthly value percentage changes, or other market indicators;

calculating at least one future valuation using the future index values, wherein the future index values are related to the first index value or the second index value by application of one or more statistical methods;

applying trend and growth statistical analysis using the future index values; and

presenting the at least one valuation value for the asset to the user responsive to the query;

a loan information pricing tool for performing unlimited volumes of loan program eligibility and multi-variable pricings on a user desktop; and

a workout activity tracking tool for capturing, monitoring, measuring and reporting on a loan workout process including direct hosting and integration of the asset valuation tool and the loan information pricing tool.

2. The system of claim 1, wherein the plurality of data sources are variable public resources, private resources, and combinations thereof.

3. The system of claim 1, wherein the plurality of data sources include market estimates.

4. The system of claim 1, wherein the plurality of data sources include broker price options, actual appraisals, and populations of individual property valuations and estimates.

5. The system of claim 1, further comprising calculating a confidence score for the at least one valuation value.

6. The system of claim 1, wherein the data further comprises original appraisal value, original appraisal date, property type and zip code.

7. The system of claim 1, wherein the data further comprises identifiable zip codes.

8. The system of claim 1, wherein the data further comprises zip code level indices.

9. The system of claim 1, wherein the loan information pricing tool executes steps comprising:

interfacing with one or more third party servers;

interfacing with a plurality of databases in communication with the one or more third party servers;

interfacing with one or more client devices;

formatting a pool of loans;

providing a plurality of parameters for loan pricing to the one or more client devices;

receiving a selection from the one or more client devices of one or more of the plurality of parameters;

processing the pool of loans based upon the one more of the plurality of parameters; and

providing loan pricing for the pool of loans to the one or more client devices.

10. The system of claim 9, further comprising load balancing between the processor and the one or more client devices.

11. The system of claim 9, further comprising grouping individual loans within the pool of loans during processing based upon similar characteristics of the individual loans.

12. The system of claim 9, further comprising prioritizing co-pending tasks from multiple client devices.

13. The system of claim 1, wherein the workout activity tracking tool executes steps comprising:

interfacing with one or more client devices;

interfacing with vendor systems;

accepting a query from the one or more client devices regarding the loan workout;

tracking the status of the loan workout;

receiving input from the vendor systems regarding the status of the loan workout;

updating the status of the loan workout based upon the input from the vendors;

providing logical controls to prevent mistakes during the loan workout; and

reporting the status for the loan workout to the one or more client devices in response to the query.

14. The system of claim 13, further comprising providing access security for controlling access to the status of the loan workout.

15. The system of claim 1, wherein the workout activity tracking tool is a dynamic user interface with a prescriptive, intelligent workflow.

16. The system of claim 1, wherein the workout activity tracking tool serves as a secure data warehouse.

17. The system of claim 1, wherein the future index value and a second index date are related mathematically using statistical methods giving more weight to a future contract the closer it is in time.

18. The system of claim 1, further comprising updating the second index value based on receipt of actual appraisals.

19. The system of claim 1, wherein the data consists of zip code, origination date, property type and original appraisal value.

20. The system of claim 19, wherein the data is broken out by zip code before determining values.

21. The system of claim 1, wherein the data sources are public data sources scrubbed for inconsistencies and data errors.

22. A system for asset valuation, whole loan processing and inventory management, the system comprising:

a processor;

a memory operatively coupled to the processor, the memory comprising computer program instructions executable by the processor for operating modules comprising;

an asset valuation tool using multiple data sources for producing current and predicted future values and historical and intermediate data points on a requested timeline, wherein the asset valuation tool performs the steps comprising;

receiving a query from a user regarding an asset for valuation;

accessing data related to the asset from a plurality of data sources, wherein the data includes at least a first index value for the asset, a second index value for the asset, and a first valuation value;

calculating an index of monthly value percentage changes from the first index value for the asset to the second index value for the asset;

applying the index of monthly value percentage changes to the first valuation value to create a pattern of monthly valuation values based on actual property-level transaction data;

projecting future index values by statistical trend analysis of the index of monthly value percentage changes, underlying values of the index of monthly value percentage changes, or other market indicators;

calculating at least one future valuation using the future index values, wherein the future index values are related to the first index value or the second index value by application of one or more statistical methods;

applying trend and growth statistical analysis using the future index values; and

presenting the at least one valuation value for the asset to the user responsive to the query;

a loan information pricing tool for performing unlimited volumes of loan program eligibility and multi-variable pricings on a user desktop, wherein the loan information pricing tool performs the steps comprising;

interfacing with one or more third party servers;

interfacing with a plurality of databases in communication with the one or more third party servers;

interfacing with one or more client devices;

formatting a pool of loans;

providing a plurality of parameters for loan pricing to the one or more client devices;

receiving a selection from the one or more client devices of one or more of the plurality of parameters;

processing the pool of loans based upon the one more of the plurality of parameters; and

providing loan pricing for the pool of loans to the one or more client devices; and

a workout activity tracking tool for capturing, monitoring, measuring and reporting on a loan workout process including direct hosting and integration of the asset valuation tool and the loan information pricing tool, wherein the workout activity tracking tool performs the steps comprising;

interfacing with one or more client devices;

interfacing with vendor systems;

accepting a query from the one or more client devices regarding the loan workout;

tracking the status of the loan workout;

receiving input from the vendor systems regarding the status of the loan workout;

updating the status of the loan workout based upon the input from the vendors;

providing logical controls to prevent mistakes during the loan workout; and

reporting the status for the loan workout to the one or more client devices in response to the query.