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System and method for implementing and administering a mortgage plan

  • US 4,876,648 A
  • Filed: 01/12/1988
  • Issued: 10/24/1989
  • Est. Priority Date: 01/12/1988
  • Status: Expired due to Fees
First Claim
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1. A system for implementing a mortgage plan, comprising:

  • lender computer means;

    service computer means for storing borrower information and for storing groups of investment information;

    said service computer means including means for receiving said borrower information and said groups of investment information;

    means for selecting an individual one of said groups of investment information;

    means responsive to said borrower information and to the selected one of said group of investment information for determining a desired amount of investment funding to help repay a mortgage plan structured according to the stored mortgage information; and

    means for generating mortgage implementing information for a given mortgage based on the determined amount of funding and for sending said mortgage implementing information to said lender computer means to facilitate the establishment of a mortgage plan.

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