System for online lending services via an application service provider network
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1. A system for providing an online loan origination service, comprising:
- an application server having an Internet interface and configured to receive a loan application having loan application data, wherein the loan application data is in an Extensible Markup Language (XML) format, configured to automatically extract the loan application data, and hosting an automatic decision engine, wherein the automatic decision engine is configured to automatically process the loan application data and compare the loan application data to lender underwriting criteria to determine one or more compatible lenders;
a database server coupled to the application server, comprising a database pre-loaded with a PDF generated application form, and configured to receive the extracted loan application data, further configured to automatically populate a binary Portable Document Format (PDF) form file with the extracted loan application data, and further configured to automatically store the binary PDF form file loan application populated with the extracted XML loan application data for cross-platform access and viewing; and
a queue manager server coupled to the application server and the database server, wherein the queue manager server is configured to receive the loan application from the application server and wherein the database server is further configured to poll the queue manager server at specified periodic intervals and to receive the transfer of the loan application data from the queue manager server in response to a poll.
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Abstract
A method for online lending services with the creation and population of loan applications and other related documents in Portable Document Format (PDF) for subsequent access by applicant and other entities. Consumers use their Web browsers for access and said method includes an Application Service Provider (ASP) architecture, a loan origination site interface, and a secure server facility.
13 Citations
20 Claims
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1. A system for providing an online loan origination service, comprising:
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an application server having an Internet interface and configured to receive a loan application having loan application data, wherein the loan application data is in an Extensible Markup Language (XML) format, configured to automatically extract the loan application data, and hosting an automatic decision engine, wherein the automatic decision engine is configured to automatically process the loan application data and compare the loan application data to lender underwriting criteria to determine one or more compatible lenders; a database server coupled to the application server, comprising a database pre-loaded with a PDF generated application form, and configured to receive the extracted loan application data, further configured to automatically populate a binary Portable Document Format (PDF) form file with the extracted loan application data, and further configured to automatically store the binary PDF form file loan application populated with the extracted XML loan application data for cross-platform access and viewing; and a queue manager server coupled to the application server and the database server, wherein the queue manager server is configured to receive the loan application from the application server and wherein the database server is further configured to poll the queue manager server at specified periodic intervals and to receive the transfer of the loan application data from the queue manager server in response to a poll. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer-implemented method of providing an online loan origination service, comprising:
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receiving, by a computer server configured to receive, a loan application having loan application data from a user via the Internet, wherein the loan application data is in an Extensible Markup Language (XML) format; automatically extracting, by the computer server further configured to automatically extract, the loan application data; receiving, by a database server comprising a pre-loaded PDF generated application form, configured to receive, the extracted loan application data; automatically populating, by the database server further configured to populate, a binary Portable Document Format (PDF) form file with the extracted loan application data; automatically storing, by the database server further configured to store, the binary PDF form file populated with the extracted loan application data in a SQL format for cross-platform access and viewing; receiving, by a queue manager server coupled to the computer server and the database server and configured to receive, the loan application from the computer server; polling, by the database server further configured to poll, the queue manager server at specified periodic intervals to receive the transfer of the loan application from data the queue manager server in response to a poll; automatically processing, by the computer server hosting an automatic decision engine configured to automatically process, the loan application data; and automatically comparing, by the computer server hosting the automatic decision engine configured to automatically compare, the loan application data to lender underwriting criteria to determine one or more compatible lenders. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A device for processing an online loan application, comprising:
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a computer configured to receive, via the Internet, a loan application having loan application data, wherein the loan application data is in an Extensible Markup Language (XML) format; a processor coupled to an interface and configured to receive and automatically extract loan application data, and further configured to automatically populate a binary Portable Document Format (PDF) form file with the extracted loan application data, and hosting an automatic decision engine, wherein the automatic decision engine is configured to automatically process the loan application data and compare the loan application data to lender underwriting criteria to determine one or more compatible lenders; a database comprising a pre-loaded PDF generated application form, coupled to the processor, and configured to automatically store the binary PDF form file populated with the extracted loan application data; and wherein the computer is further configured to transfer the loan application to a queue manager server, and wherein the processor is further configured to poll the queue manager server at specified periodic intervals and to receive the transfer of the loan application data from the queue manager server in response to a poll. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification