Providing loan services in the event of a total loss claim
First Claim
1. A computer-based method for automatically providing a loan offer to a customer, the computer-based method comprising:
- receiving, by a loan offer computer system from an insurance processing computer system, an indication of a total loss event for property insured by an insurance policy based on an insurance claim regarding the property;
wherein the loan offer computer system is associated with a financial institution that offers loan services; and
wherein the insurance processing computer system is associated with an insurance provider that provided the insurance policy;
accessing, by the loan offer computer system from the insurance processing computer system, an amount of customer compensation from the insurance policy for the total loss event for the insured property;
determining, by the loan offer computer system, a loan amount based on a replacement price for the insured property and the customer compensation from the insurance policy for the total loss event for the insured property;
collecting, by the loan offer computer system from a data source residing on the insurance processing computer system and including customer-specific data, customer-specific prequalification data for the customer;
collecting, by the loan offer computer system from a computer system storing credit data for multiple people, credit data associated with the customer'"'"'s credit;
determining, by the loan offer computer system, whether to prequalify the customer for a property replacement loan of the determined loan amount based at least on (a) the collected customer-specific prequalification data for the customer and (b) the collected credit data associated with the customer'"'"'s credit; and
in response to a determination to prequalify the customer for a property replacement loan of the determined loan amount, communicating, by the loan offer computer system to the customer, an offer for the property replacement loan of the determined loan amount.
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Accused Products
Abstract
A computer-based method for automatically providing a loan offer to a customer may include: receiving an indication of a total loss event for the customer'"'"'s property, collecting prequalification data for the customer from a data source comprising customer-specific data, collecting credit data associated with the customer'"'"'s credit, determining whether to prequalify the customer for a property replacement loan based at least on (a) the collected prequalification data for the customer and (b) the collected credit data associated with the customer'"'"'s credit, and in response to a determination to prequalify the customer for a property replacement loan, communicating to the customer an offer for the property replacement loan.
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Citations
16 Claims
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1. A computer-based method for automatically providing a loan offer to a customer, the computer-based method comprising:
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receiving, by a loan offer computer system from an insurance processing computer system, an indication of a total loss event for property insured by an insurance policy based on an insurance claim regarding the property; wherein the loan offer computer system is associated with a financial institution that offers loan services; and wherein the insurance processing computer system is associated with an insurance provider that provided the insurance policy; accessing, by the loan offer computer system from the insurance processing computer system, an amount of customer compensation from the insurance policy for the total loss event for the insured property; determining, by the loan offer computer system, a loan amount based on a replacement price for the insured property and the customer compensation from the insurance policy for the total loss event for the insured property; collecting, by the loan offer computer system from a data source residing on the insurance processing computer system and including customer-specific data, customer-specific prequalification data for the customer; collecting, by the loan offer computer system from a computer system storing credit data for multiple people, credit data associated with the customer'"'"'s credit; determining, by the loan offer computer system, whether to prequalify the customer for a property replacement loan of the determined loan amount based at least on (a) the collected customer-specific prequalification data for the customer and (b) the collected credit data associated with the customer'"'"'s credit; and in response to a determination to prequalify the customer for a property replacement loan of the determined loan amount, communicating, by the loan offer computer system to the customer, an offer for the property replacement loan of the determined loan amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A loan offer computer system associated with a financial institution that offers loan services, the loan offer computer system configured to automatically provide a loan offer to a customer, the loan offer computer system comprising:
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a non-transitory computer readable medium having instructions stored thereon; and a processor, wherein said processor upon execution of the instructions is configured to; receive from an insurance processing computer system an indication of a total loss event for property insured by an insurance policy based on an insurance claim regarding the property, wherein the insurance processing computer system is associated with an insurance provider that provided the insurance policy; access from the insurance processing computer system, an amount of customer compensation from the insurance policy for the total loss event for the insured property; determine a loan amount based on a replacement price for the insured property and the customer compensation from the insurance policy for the total loss event for the insured property; collect, from a data source residing on the insurance processing computer system and including customer-specific data, customer-specific prequalification data for the customer, the data source; collect, from a computer system storing credit data for multiple people, credit data associated with the customer'"'"'s credit; determine whether to prequalify the customer for a property replacement loan of the determined loan amount based at least on (a) the collected customer-specific prequalification data for the customer and (b) the collected credit data associated with the customer'"'"'s credit; and in response to determining to prequalify the customer for a property replacement loan of the determined loan amount, communicate to the customer an offer for the property replacement loan of the determined loan amount. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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Specification