Three-stage, double blind credit rating of securities

• US 8,600,894 B2
• Filed: 03/04/2011
• Issued: 12/03/2013
• Est. Priority Date: 03/04/2011
• Status: Expired due to Fees

• Current Assignee: Mark Fawer
• Original Assignee: Mark Fawer
• Inventors: Fawer, Mark S.
• Primary Examiner(s): Augustin, Evens J
• Application Number:
  US13/040,999
• Publication Number:
  US 20120227099A1
• Time in Patent Office: 1,005 Days
• Field of Search: None
• US Class Current: 705/50
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Disclosed is a computer-implemented system and method for rating an asset, and, in embodiments, a system and method for performing a double-blind, three stage credit rating of a securitized instrument, such as without limitation, a commercial mortgage backed security or an asset thereof. The disclosed method utilizes a secure database structure which trifurcates information relating to the asset being rated into first, second, and third analytical stages. Asset information is distributed such that analysts at each stage have access to only that information which is relevant to the scope of the particular analytical stage being performed, while irrelevant and prejudicial information is withheld from the analyst. Unique access tokens are employed to control access to stage data and to maintain the integrity of the analytical process.

Claims

1. A rating system, comprising:

a processor,

a secure database operably coupled to the processor, said secure database including a stage one database, a stage two database, and a stage three database; and

a computer-readable storage medium operably coupled to the processor including instructions which, when executed on the processor, cause the processor to perform a method comprising;

receiving applicant raw data from an applicant, said applicant raw data including stage one data, stage two data, and stage three data;

storing the stage one data in the stage one database, the stage two data in the stage two database, and the stage three data in the stage three database;

generating a stage one access token granting access to the stage one database, generating a stage two access token granting access to the stage two database, and generating a stage three access token granting access to the stage three database;

accessing the stage one database using the stage one access token, evaluating the stage one data to generate a stage one score, and storing the stage one score in the stage two database;

accessing the stage two database using the stage two access token, evaluating the stage two data to generate a stage two score, and storing the stage one score and the stage two score in the stage three database;

accessing the stage three database using the stage three access token and evaluating the stage three data to generate a final rating;

generating a final rating access token; and

transmitting the final rating access token to the applicant to enable the applicant to access the final rating.

2. The rating system in accordance with claim 1, wherein the computer-readable storage medium further includes instructions executable on the processor for:

determining whether additional data is required from the applicant;

transmitting a request for additional data to the applicant if it is determined that additional data is required from the applicant;

receiving additional data from the applicant; and

storing the additional data in a database selected from the group consisting of the stage one database, the stage two database, and the stage three database.

3. The rating system in accordance with claim 2, wherein the transmitting step includes:

storing the request for additional data in the stage two database;

reading the request for additional data from the stage two database using the stage two access token; and

storing the request for additional data in the stage one database.

4. The rating system in accordance with claim 1, wherein the secure database further comprises a results database.

5. The rating system in accordance with claim 4, wherein the computer-readable storage medium further includes instructions executable on the processor for:

storing the final rating in the results database; and

accessing the results database using the final rating access token.

6. The rating system in accordance with claim 1, further comprising a user data terminal in operative communication with the processor.

7. The rating system in accordance with claim 6, wherein the user data terminal further includes a biometric authentication device.

8. The rating system in accordance with claim 1, further comprising:

segregating the applicant raw data in to stage one data, stage two data, and stage three data.

9. The rating system in accordance with claim 8, wherein the segregating step is performed by a stage one analyst.

10. A computer-implemented method for rating an asset, comprising the steps of:

receiving, at a processor, applicant raw data relating to the asset, said applicant raw data including stage one data, stage two data, and stage three data;

storing the stage one data in a stage one database in operable communication with the processor, storing the stage two data in a stage two database in operable communication with the processor, and storing the stage three data in a stage three database in operable communication with the processor;

generating, at the processor, a stage one access token granting access to the stage one database, generating, at the processor, a stage two access token granting access to the stage two database, and generating, at the processor, a stage three access token granting access to the stage three database;

accessing, at a user access terminal, the stage one database using the stage one access token, evaluating the stage one data to generate a stage one score, and storing the stage one score in the stage two database;

accessing, at a user access terminal, the stage two database using the stage two access token, evaluating the stage two data to generate a stage two score, and storing the stage one score and the stage two score in the stage three database;

accessing, at a user access terminal, the stage three database using the stage three access token and evaluating the stage three data to generate a stage three score;

generating, at the processor, a final rating access token; and

delivering, via a communication interface, the final rating access token to the applicant to enable the applicant to access the stage three score.

11. The computer-implemented method for rating an asset in accordance with claim 10, further comprising the steps of:

determining whether additional data is required from the applicant;

transmitting, via a communication interface, a request for additional data to the applicant if it is determined that additional data is required from the applicant;

receiving, at the processor, additional data from the applicant; and

storing the additional data in the stage three database.

12. The computer-implemented method for rating an asset in accordance with claim 11, wherein the transmitting step includes:

storing the request for additional data in the stage two database;

reading the request for additional data from the stage two database using the stage two access token; and

storing the request for additional data in the stage one database.

13. The computer-implemented method for rating an asset in accordance with claim 10, further comprising the steps of:

storing the final rating in a results database; and

accessing the results database using the final rating access token.

14. The computer-implemented method for rating an asset in accordance with claim 10, further comprising:

segregating the applicant raw data into stage one data, stage two data, and stage three data.

15. The computer-implemented method for rating an asset in accordance with claim 14, wherein the segregating step is performed by a stage one analyst.

20. The non-transitory method for rating an asset in accordance with claim 14, wherein the method further comprises the step of segregating the applicant raw data in to stage one data, stage two data, and stage three data.

16. Non-transitory computer-readable media storing instructions, which, when executed by a processor, cause the processor to perform a method of rating an asset, the method comprising:

receiving applicant raw data from an applicant, said applicant raw data including stage one data, stage two data, and stage three data;

storing the stage one data in a stage one database, the stage two data in a stage two database, and the stage three data in a stage three database;

generating a stage one access token granting access to the stage one database, generating a stage two access token granting access to the stage two database, and generating a stage three access token granting access to the stage three database;

accessing the stage one database using the stage one access token, evaluating the stage one data to generate a stage one score, and storing the stage one score in the stage two database;

accessing the stage two database using the stage two access token, evaluating the stage two data to generate a stage two score, and storing the stage one score and the stage two score in the stage three database;

accessing the stage three database using the stage three access token and evaluating the stage three data to generate a stage three score;

generating a final rating access token; and

transmitting the final rating access token to the applicant to enable the applicant to access the stage three score.

17. The non-transitory computer-readable media of claim 16, the method further comprising the steps of:

determining whether additional data is required from the applicant;

transmitting a request for additional data to the applicant if it is determined that additional data is required from the applicant;

receiving additional data from the applicant; and

storing the additional data in a database selected from the group consisting of the stage one database, the stage two database, and the stage three database.

18. The non-transitory computer-readable media of claim 17, wherein the transmitting step includes:

storing the request for additional data in the stage two database;

reading the request for additional data from the stage two database using the stage two access token; and

storing the request for additional data in the stage one database.

19. The non-transitory computer-readable media of claim 16, wherein the method further comprises the steps of:

storing the final rating in a results database; and

accessing the results database using the final rating access token.