Population of application

• US 8,639,615 B1
• Filed: 05/04/2009
• Issued: 01/28/2014
• Est. Priority Date: 05/04/2009
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Neal, Bonnie
• Primary Examiner(s): Norman, Samica L
• Application Number:
  US12/434,866
• Time in Patent Office: 1,730 Days
• Field of Search: 705/35, 705/38, 705/40
• US Class Current: 705/38
• 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 40/12 Accounting

Abstract

Methods and systems for populating an application are described. Data for an application is accessed, including transactional data associated with a user from a computerized database in a system. Systems and methods operate to automatically populate a financial application data structure in a computer using the transactional data stored in the computerized database. In an example, these systems and methods operate to determine a lending decision by the institution on the transactional data without purchasing a third party credit score. In an example, a financial notification is triggered using the automatically populated financial application data structure.

Claims

1. A non-transitory computer-readable medium comprising instructions, which when implemented by one or more processors perform the following operations:

accessing transactional data associated with a user from a computerized database in a system;

automatically populating a financial application in a computer using the transactional data stored in the computerized database;

calculating a debt to income ratio based on the transactional data that has not been provided by the user; and

making a lending decision with a computer based on the automatically populated financial application and the debt to income ratio, wherein the lending decision is not based on a third party credit history and wherein the lending decision is made by a potential lending institution.

2. The computer-readable medium of claim 1 further comprising instructions, which when implemented by one or more processors perform the following operations:

populating with personal identification information including at least one of name, address, telephone number, and email address.

3. The computer-readable medium of claim 1 further comprising instructions, which when implemented by one or more processors perform the following operation:

inserting reoccurring payments to the user into the application to identify sources of income.

4. The computer-readable medium of claim 1 further comprising instructions, which when implemented by one or more processors perform the following operations:

inserting reoccurring debits from the user into the application to identify sources of obligation.

5. The computer-readable medium of claim 1 further comprising instructions, which when implemented by one or more processors perform the following operations:

accessing data stored at the potential lending institution associated with at least one of online bill payment data and bank account transactions.

6. The computer-readable medium of claim 1, wherein populating the financial application data structure includes inserting financial data stored in a computerized database of the potential lending institution into at least one of a mortgage application data structure and a home equity line of credit application data structure, both of the potential lending institution.

7. A computer system comprising:

a processor and memory;

at least one subsystem that receives a request, from a user, for a financial product of a lending institution;

at least one subsystem that accesses transactional data associated with the user from a computerized database in a system of the lending institution;

at least one subsystem that calculates a debt to income ratio based on the transactional data that has not been provided by the user; and

at least one subsystem that makes a lending decision based on the transactional data and the debt to income ratio, wherein the lending decision is not based on purchasing a third party credit history and wherein the lending decision is made by the lending institution.

8. The system of claim 7, further comprising at least one subsystem that populates with personal identification information including at least one of name, address, telephone number, and email address.

9. The system of claim 7, further comprising at least one subsystem that accesses reoccurring payments to the user and reoccurring debits from the user to identify sources of income and obligations of the user.

10. The system of claim 7, further comprising at least one subsystem that verifies transactional data with the user.

11. The system of claim 7, further comprising at least one subsystem that automatically triggers an insurance verification procedure.

12. The system of claim 7, further comprising at least one subsystem that refers a user to a financial plan if the lending decision is negative.

13. A non-transitory computer-readable medium comprising instructions, which when implemented by one or more processors, perform the following operations:

receive a request, from a user, for a financial product of a lending institution;

access transactional data associated with the user from a computerized database in a system of the lending institution;

automatically populate a financial application data structure in a computer using the transactional data stored in the computerized database;

calculate a debt to income ratio based on the transactional data that has not been provided by the user;

make a lending decision with a computer based on the automatically populated financial application data structure and the debt to income ratio, wherein the lending decision is not based on a third party credit history and wherein the lending decision is made by the lending institution; and

trigger a financial notification using the automatically populated financial application data structure.

14. The computer-readable medium of claim 13 further comprising instructions, which when implemented by one or more processors perform the following operations:

identify a recurring payment to a third party and offer a financial product to match the recurring payment.

15. The computer-readable medium of claim 14 further comprising instructions, which when implemented by one or more processors, perform the following operation:

identify an automated payment to an insurance institution.

16. The computer-readable medium of claim 14 further comprising instructions, which when implemented by one or more processors, perform the following operation:

identify an automated payment to a banking institution.

17. The computer-readable medium of claim 14 further comprising instructions, which when implemented by one or more processors, perform the following operation:

preapprove a mortgage based on an identified rent payment and the automatically populated financial application data structure.

18. The computer-readable medium of claim 13 further comprising instructions, which when implemented by one or more processors, perform the following operation:

determining mortgage worthiness using the transactional data in the financial application data structure without purchasing the third party credit score.

19. The computer-readable medium of claim 13, further comprising instructions, which when implemented by one or more processors, perform the following operations:

calculate a financial value and notify a user of at least one of financial opportunity and financial advise using the financial value without purchasing the third party credit score.