Systems and methods for analyzing lender risk using vehicle historical data
First Claim
1. A method of determining the level of risk associated with a provider of vehicle loans comprising:
- receiving, by a processor, vehicle registration data comprising one or more vehicle data records comprising a unique vehicle identifier and lien information;
determining, by the processor, a provider of vehicle loans associated with the one or more vehicle data records based at least on the lien information of the one or more vehicle data records;
extracting the unique vehicle identifier from the one or more vehicle data records;
receiving, by the processor, vehicle history data based on the unique vehicle identifier of the one or more vehicle data records;
determining, based on the accessed vehicle history data, adverse history events associated with the unique vehicle identifier of the one or more vehicle data records;
determining, by the processor, the provider of vehicle loans associated with the adverse history events associated with the unique vehicle identifier based on the unique vehicle identifier; and
,determining, by the processor, a risk level for the provider of vehicle loans based upon the determined adverse history events associated with the unique vehicle identifier that is associated with the provider of vehicle loans, wherein the risk level comprises a ratio of a number of vehicles for which the provider of vehicle loans holds loans with adverse history events to a number of vehicles for which the provider of vehicle loans holds loans.
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Accused Products
Abstract
Systems and methods for analyzing the risk associated with lenders offering vehicle loans is determined based on historical data associated with the vehicle. Vehicle registration data for a region is accessed to determine the vehicles registered in the region and the lien holders of the vehicles. Historical data of the vehicles is accessed and analyzed to determine if any events adversely affecting the value of the vehicles, such as vehicle title brands, are associated with the vehicles. The vehicle history data is associated with the lien holders of the vehicles. A risk value may be determined for each lien holder by comparing the lien holder'"'"'s total number of liens to those liens on vehicles associated with history events adversely affecting the value of the vehicle.
115 Citations
20 Claims
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1. A method of determining the level of risk associated with a provider of vehicle loans comprising:
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receiving, by a processor, vehicle registration data comprising one or more vehicle data records comprising a unique vehicle identifier and lien information; determining, by the processor, a provider of vehicle loans associated with the one or more vehicle data records based at least on the lien information of the one or more vehicle data records; extracting the unique vehicle identifier from the one or more vehicle data records; receiving, by the processor, vehicle history data based on the unique vehicle identifier of the one or more vehicle data records; determining, based on the accessed vehicle history data, adverse history events associated with the unique vehicle identifier of the one or more vehicle data records; determining, by the processor, the provider of vehicle loans associated with the adverse history events associated with the unique vehicle identifier based on the unique vehicle identifier; and
,determining, by the processor, a risk level for the provider of vehicle loans based upon the determined adverse history events associated with the unique vehicle identifier that is associated with the provider of vehicle loans, wherein the risk level comprises a ratio of a number of vehicles for which the provider of vehicle loans holds loans with adverse history events to a number of vehicles for which the provider of vehicle loans holds loans. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system comprising:
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one or more processors configured to execute software instructions; a computer readable medium storing software instructions executable by the one or more processors in order to cause the computing system to perform operations comprising; accessing vehicle registration data comprising one or more vehicle data records comprising a unique vehicle identifier and lien information; determining a provider of vehicle loans associated with one more vehicle data records based at least on the lien information of the one or more vehicle data records; accessing vehicle history data based on the unique vehicle identifier of the one more vehicle data records; determining, based on the vehicle history data, adverse history events associated with the unique vehicle identifier; determining the provider of vehicle loans associated with the adverse history events associated with the unique vehicle identifier; and
,determining a risk level for the provider of vehicle loans based upon the determined adverse history events associated with the unique vehicle identifier that is associated with the provider of vehicle loans, wherein the risk level comprises a ratio of a number of vehicles for which the provider of vehicle loans holds loans with adverse history events to a number of vehicles for which the provider of vehicle loans holds loans. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. An apparatus of generating finance data reports comprising:
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means for receiving vehicle registration data comprising a vehicle data record comprising a unique vehicle identifier and lien information; means for determining a provider of vehicle loans from the lien information of the vehicle data record; means for determining the provider of vehicle loans associated with the vehicle data record; means for extracting the unique vehicle identifier from the vehicle data record; means for receiving vehicle history data identifying adverse history events associated with the unique vehicle identifier, based on the unique vehicle identifier; means for generating a report comprising an indication of the provider of vehicle loans, the unique vehicle identifier and the adverse history event associated with the unique vehicle identifier, wherein the indication comprises a ratio of a number of vehicles for which the provider of vehicle loans holds loans with adverse history events to a number of vehicles for which the provider of vehicle loans holds loans. - View Dependent Claims (20)
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Specification