Loan origination software system for processing mortgage loans over a distributed network
First Claim
Patent Images
1. A loan origination system comprising:
- a loan origination program;
a database stored in a memory device coupled to a server computer, the database storing borrower data and loan data;
a processing and management system configured to present a plurality of user interfaces corresponding to a plurality of user roles, each user interface being customized for presentation to a user based on a role of the user wherein users with different user roles are presented with different user interfaces, the user roles being selected from a group including at least one of an officer, a processor, or a manager; and
a milestone process defining one or more milestone events associated with processing each loan application and configured to evaluate progress of users associated with user roles as against the one or more milestone events, identifying a completion of a milestone associated with a first user role, determining a next actor associated with the processing of the loan application including identifying a subsequent user role that is different from the first user role and initiate a transfer of process flow to the subsequent user role upon attainment of the milestone including alerting the subsequent user role of the milestone;
wherein process flow for a loan application is passed from an officer client computer to a processor client computer executing one of the plurality of user interfaces upon the milestone system determining that the officer role has attained a milestone indicating further processing is required by the processor role.
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Accused Products
Abstract
A loan origination and processing system is described. The system can reside on a server computer that is coupled to a data store storing data related to a borrower. The server computer is further coupled to a brokerage network that comprises a loan officer client, a loan processor client, and a broker manager client. Each brokerage client computer executes a unique interface to the loan origination and processing system.
164 Citations
26 Claims
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1. A loan origination system comprising:
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a loan origination program; a database stored in a memory device coupled to a server computer, the database storing borrower data and loan data; a processing and management system configured to present a plurality of user interfaces corresponding to a plurality of user roles, each user interface being customized for presentation to a user based on a role of the user wherein users with different user roles are presented with different user interfaces, the user roles being selected from a group including at least one of an officer, a processor, or a manager; and a milestone process defining one or more milestone events associated with processing each loan application and configured to evaluate progress of users associated with user roles as against the one or more milestone events, identifying a completion of a milestone associated with a first user role, determining a next actor associated with the processing of the loan application including identifying a subsequent user role that is different from the first user role and initiate a transfer of process flow to the subsequent user role upon attainment of the milestone including alerting the subsequent user role of the milestone; wherein process flow for a loan application is passed from an officer client computer to a processor client computer executing one of the plurality of user interfaces upon the milestone system determining that the officer role has attained a milestone indicating further processing is required by the processor role. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A loan origination system comprising:
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a processing and management system configured to present a plurality of user interfaces, each user interface being customized for presentation to a user based on a role of the user, wherein users with different user roles are presented with different user interfaces, wherein the processing and management system is configured to execute a milestone process defining one or more milestone events associated with processing each loan application, evaluate the processing of a loan application as against the one or more milestones events, identifying a completion of a milestone associated with a first user role, determining a next actor associated with the processing of the loan application including identifying a subsequent user role that is different from the first user role, wherein processing flow for the loan application is passed from an officer client computer to a processor client computer executing one of the plurality of user interfaces upon attaining the milestone indicating further processing is required by the processor role, the processing and management system further configured to initiate a transfer of process flow to a subsequent user role upon attainment of the milestone including alerting the subsequent user role of the milestone; and a server computer coupled to the processing and management system, the server computer storing a database including borrower data and loan data, wherein the server computer includes an interface to one or more partner computers including at least one of a lender computer, a settlement service vendor computer, or an underwriter company computer. - View Dependent Claims (22, 23)
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24. A non-transitory computer-readable medium having instructions stored thereon, which, when executed by a processor, causes the processor to perform the operations of:
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providing a plurality of user interfaces; determining a role of a user including selecting the role from a group including at least one of a loan officer, a loan processor, or a loan manager; customizing one of the plurality user interfaces for presentation to the user based on the determined role of the user; executing a milestone process defining one or more milestone events associated with processing each loan application, wherein process flow for the loan application is passed from an officer client process to a processor client process executing one of the plurality of user interfaces upon attaining a milestone indicating further processing is required by the processor role and configured to evaluate the processing of a loan application as against the one or more milestone events, identifying a completion of the milestone, determining a next actor associated with the processing of the loan application is associated with the processor role and alerting the processor role of the milestone; and presenting the customized user interface to the user. - View Dependent Claims (25, 26)
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Specification