Method and apparatus for credit brokering for point-of-sale leasing
First Claim
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1. A computerized method performed by a broker system, to provide online credit brokering for point of sale leasing of goods from a lessor to a buyer based upon a sale of said goods from a seller to said lessor, wherein said buyer has a buyer system, said lessor has a lessor system, and said seller has a seller system, said method comprising:
- presenting to said buyer system, one or more credit options;
receiving, from said buyer system, a selection of a credit option from said one or more credit options, thus yielding a selected credit option;
performing a credit application approval process, via a computer, by passing credit application data for said buyer through a progressive cumulative filtering, and rejecting said credit application in response to said credit application data failing said progressive cumulative filtering;
qualifying said buyer for said selected credit option in response to said credit application data satisfying underwriting criteria; and
notifying said buyer system, said seller system, and said lessor system of an initial approval of a lease to said buyer, in response to said buyer qualifying for said selected credit option.
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Accused Products
Abstract
A computerized method for online brokering of multiple leasing products from multiple providers is provided. The method includes determining the creditworthiness of a Buyer, and determining whether or not to offer a lease, based on the specific criteria provided by multiple credit providers.
87 Citations
17 Claims
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1. A computerized method performed by a broker system, to provide online credit brokering for point of sale leasing of goods from a lessor to a buyer based upon a sale of said goods from a seller to said lessor, wherein said buyer has a buyer system, said lessor has a lessor system, and said seller has a seller system, said method comprising:
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presenting to said buyer system, one or more credit options; receiving, from said buyer system, a selection of a credit option from said one or more credit options, thus yielding a selected credit option; performing a credit application approval process, via a computer, by passing credit application data for said buyer through a progressive cumulative filtering, and rejecting said credit application in response to said credit application data failing said progressive cumulative filtering; qualifying said buyer for said selected credit option in response to said credit application data satisfying underwriting criteria; and notifying said buyer system, said seller system, and said lessor system of an initial approval of a lease to said buyer, in response to said buyer qualifying for said selected credit option. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A non-transitory medium having computer-readable instructions written thereon that are executable by a processor of a broker system to cause said broker system to perform a credit brokering method for point of sale leasing of goods from a lessor to a buyer based upon a sale of goods from a seller to said lessor, wherein said buyer has a buyer system, said lessor has a lessor system, and said seller has a seller system, said method comprising:
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presenting to said buyer system, one or more credit options; receiving from said buyer system, a selection of a credit option from said one or more credit options, thus yielding a selected credit option; performing a credit application approval process by passing credit application data for said buyer through a progressive cumulative filtering, and rejecting said credit application in response to said credit application data failing said progressive cumulative filtering; qualifying said buyer for said selected credit option in response to said credit application data satisfying underwriting criteria; and notifying said buyer system, said seller system, and said lessor system of an initial approval of a lease to said buyer, in response to said buyer qualifying for said selected credit option. - View Dependent Claims (13)
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14. A system for providing online credit brokering for point of sale leasing of goods from a lessor to a buyer based upon a sale of goods from a seller to said lessor, said system comprising:
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a database that stores underwriting criteria; and a broker system in communication with said database, a buyer system for said buyer, a seller system for said seller, and a lessor system for said lessor, wherein said broker system performs a process comprising; receiving credit application data for a credit application for said buyer; presenting to said buyer system, one or more credit options; receiving from said buyer system, a selection of a credit option from said one or more credit options, thus yielding a selected credit option; progressively cumulatively filtering said credit application data, according to said underwriting criteria; rejecting said credit application in response to said credit application data failing said progressively cumulatively filtering; qualifying said buyer for said selected credit option in response to said credit application data satisfying said underwriting criteria; and notifying said buyer system, said seller system, and said lessor system of an initial lease approval, in response to said buyer qualifying for said selected credit option. - View Dependent Claims (15, 16, 17)
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Specification