THREE-STAGE, DOUBLE BLIND CREDIT RATING OF SECURITIES

• US 20120227099A1
• Filed: 03/04/2011
• Published: 09/06/2012
• Est. Priority Date: 03/04/2011
• Status: Active Grant

• Current Assignee: Mark Fawer
• Original Assignee: Mark Fawer
• Inventors: Fawer, Mark S.
• Granted Patent: US 8,600,894 B2
• Time in Patent Office: Days
• US Class Current: 726/9
• 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 rating module operably coupled to the processor, the rating module including a set of instructions executable on the processor for;

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; and

transmitting the final rating to the applicant.

2. The rating system in accordance with claim 1, wherein the rating module 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 rating module further includes instructions executable on the processor for:

generating a final rating access token;

storing the final rating in the results database;

transmitting the final rating access token to the applicant; 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 method for rating an asset, comprising the steps of:

receiving applicant raw data relating to the asset 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; and

transmitting the stage three score to the applicant.

11. The 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 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 the stage three database.

12. The 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 method for rating an asset in accordance with claim 10, further comprising the steps of:

generating a final rating access token;

storing the final rating in a results database;

transmitting the final rating access token to the applicant; and

accessing the results database using the final rating access token.

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

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

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

20. The 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. One or more computer-readable media storing instructions that are executable by a computer and cause the computer 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; and

transmitting the stage three score to the applicant.

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

generating a final rating access token;

storing the final rating in a results database;

transmitting the final rating access token to the applicant; and

accessing the results database using the final rating access token.