# US 10,311,512 B1 · Rate and payment guide > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 10,311,512 B1 - Document ID: US10311512B1 - Status: Granted - Kind: B1 - Application number: 15/255,501 - Filed: 2016-09-02 - Granted: 2019-06-04 - Earliest claimed: 2016-09-02 - Assignees: Wells Fargo Bank, N.A. - Applicants: Wells Fargo Bank, N.A. - Inventors: Christina A. Trayers; Stuart Rehfuss; Julie A. Lane; Sue Murphy; Rodney E. O'Neal; Ashwin Pinto - Web page: https://patentgrep.com/patent/US10311512B1 ## CPC - G06Q 40/03: Credit; Loans; Processing thereof - G06Q 40/00: Finance; Insurance; Tax strategies; Processing of corporate or income taxes - G06Q 40/02: Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract A system for generating rate and payment information for a customer receives an inquiry type from a customer relating to a loan or mortgage. The system also receives a value specific to the potential loan or mortgage. In combination with a product and policy database and a pricing/fee database, relevant financial products are determined and provided to the customer. The inquiry type can include buying a property, refinancing a mortgage, improving a property, and/or using funds from a property. ## Claims ### Claim 1 An electronic computing device comprising: a processing unit; and system memory, the system memory including instructions that, when executed by the processing unit, cause the electronic computing device to: receive an inquiry type from a customer, the inquiry type selected from: improve a property, use funds from a property, and refinance a mortgage; present a first interface associated with the inquiry type for display at a customer computing device, the first interface having a first plurality of data fields relating to the inquiry type and a second plurality of data fields for receiving login data from the customer; receive login data from the customer using the second plurality of data fields; verify the login data; responsive to verifying the login data, present a second interface for display at the customer computing device, the second interface including a plurality of financial accounts associated with the customer; receive a selection of a financial account of the plurality of financial accounts; responsive to receiving the selection of the financial account, populate the first plurality of data fields of the first interface with data corresponding to the selected financial account, wherein the data includes a property value, a loan amount, a location including a state, and a current monthly payment; receive customer input from the customer computing device relating to a desired financial product associated with the inquiry type; responsive to receiving the customer input, determine a plurality of financial products available to the customer using the data in the first plurality of data fields, wherein the plurality of financial products reflect current pricing information from a pricing database; provide the plurality of financial products to the customer using a third interface presented for display at the customer computing device; after providing the plurality of financial products to the customer: receive a selection of at least two financial products of the plurality of financial products from the customer via the third interface; and receive a comparison request from the customer via the third interface; and responsive to receiving the comparison request, present a fourth interface for display at the customer computing device, the fourth interface including a chart or plot comparing the customer-selected at least two financial products and a suggested combination product, wherein the suggested combination product is represented by a pairing of one of the customer-selected at least two financial products and a suggested financial product that has not been selected by the customer. ### Claim 2 (depends on 1) The electronic computing device of claim 1, wherein the plurality of financial products are provided to the customer based on at least one of: rate, annual percentage rate (APR), term, payment, points, loan amount, and closing costs. ### Claim 3 (depends on 2) The electronic computing device of claim 2, wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to: from the plurality of financial products, identify a financial product with a lowest initial principal. ### Claim 4 (depends on 2) The electronic computing device of claim 2, wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to: from the plurality of financial products, identify a financial product with a lowest interest payment. ### Claim 5 (depends on 1) The electronic computing device of claim 1, wherein the inquiry type refinance a mortgage further includes at least one of: pay off a mortgage sooner, reduce an interest rate, lower a monthly payment, and convert to a fixed rate. ### Claim 6 (depends on 1) The electronic computing device of claim 1, wherein the inquiry type improve a property further includes at least one of: repair a property and renovate a property. ### Claim 7 (depends on 1) The electronic computing device of claim 1, wherein the inquiry type use funds from a property further includes at least one of: finance a major purchase and finance everyday purchases. ### Claim 8 (depends on 1) The electronic computing device of claim 1, wherein the location further includes a county; wherein the instructions, when executed by the processing unit, further cause the electronic computing device to: select a standard credit score between 680-750; and wherein determining the plurality of financial products available to the customer includes using the standard credit score. ### Claim 9 (depends on 1) The electronic computing device of claim 1, wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to: receive current mortgage data, the current mortgage data including a current loan amount and a balance on a mortgage; and transmit the plurality of financial products to a home loan officer. ### Claim 10 (depends on 1) The electronic computing device of claim 1, wherein the chart or plot includes a comparison graphic including: a payment, an interest rate, and a total of closing costs. ### Claim 11 (depends on 1) The electronic computing device of claim 1, wherein to present the plurality of accounts to the customer includes: present a loan account and a mortgage account without presenting any savings accounts and without presenting any checking accounts. ### Claim 12 (depends on 1) The electronic computing device of claim 1, wherein to provide the plurality of financial products to the customer using the third interface presented for display at the customer computing device includes: flag a first financial product of the plurality of financial products as having a lowest monthly payment of the plurality of financial products; and flag a second financial product of the plurality of financial products as having lowest out-of-pocket expenses. ### Claim 13 A product identification system, comprising: a products database; a pricing database; a computing device including a processing unit configured to communicate with the products database and the pricing database; and computer readable medium encoding instructions that, when executed by the processing unit, cause the processing unit to: receive an inquiry type from a customer, the inquiry type selected from: refinance a mortgage, improve a property, and use funds from a property; present a first interface associated with the inquiry type for display at a customer computing device, the first interface having a first plurality of data fields relating to the inquiry type and a second plurality of data fields for receiving login data from the customer; receive login data from the customer using the second plurality of data fields; verify the login data; responsive to verifying the login data, present a second interface for display at the customer computing device, the second interface including plurality of financial accounts associated with the customer; receive a selection of a financial account of the plurality of financial accounts; responsive to receiving the selection of the financial account, populate the first plurality of data fields of the first interface with data corresponding to the selected financial account, wherein the data includes: a property value; a loan amount; a current monthly payment; and a location including a state and a county; receive customer input from the customer computing device relating to a desired financial product associated with the inquiry type; responsive to receiving the customer input, identify a plurality of financial products stored in the products database, the plurality of financial products being identified for the customer based on the data in the first plurality of data fields; provide current pricing information from the pricing database related to the identified financial products using a third interface presented for display at the customer computing device; report the identified financial products that meet criteria based on the data in the first plurality of data fields to the customer using the third interface; after reporting the identified financial products to the customer: receive a selection of at least two financial products of the plurality of financial products from the customer via the third interface; and receive a comparison request from the customer via the third interface; and responsive to receiving the comparison request, present a fourth interface for display at the customer computing device, the fourth interface including a chart or plot comparing the customer-selected at least two financial products and a suggested combination product, wherein the suggested combination product is represented by a pairing of one of the customer-selected at least two financial products and a suggested financial product that has not been selected by the customer. ### Claim 14 (depends on 13) The product identification system of claim 13, wherein the plurality of financial products are reported to the customer based on at least one of: rate, annual percentage rate (APR), term, payment, points, and loan amount. ### Claim 15 (depends on 14) The product identification system of claim 14, wherein the computer readable medium further encodes instructions that, when executed by the processing unit, cause the processing unit to: from the plurality of financial products, identify a financial product with a lowest initial principal; from the plurality of financial products, identify a financial product with a lowest interest payment; receive current mortgage data, the current mortgage data including a loan amount and a balance on a mortgage; and transmit the identified financial products to a home loan officer. ### Claim 16 (depends on 15) The product identification system of claim 15, wherein the computer readable medium further encodes instructions that, when executed by the processing unit, cause the processing unit to: select a standard credit score between 680-750, wherein identifying the plurality of financial products includes using the standard credit score. ### Claim 17 (depends on 15) The product identification system of claim 15, wherein the inquiry type refinance a mortgage further includes at least one of: pay off a mortgage sooner, reduce a current interest rate, lower a monthly payment, and convert to a fixed rate; wherein the inquiry type improve a property further includes at least one of: repair a property and renovate a property; and wherein the inquiry type use funds from a property further includes at least one of: finance a major purchase and finance everyday purchases. ### Claim 18 A computer-implemented method for selecting one or more financial products, the method comprising: receiving an inquiry type from a customer, the inquiry type selected from: refinance a mortgage, including pay off a mortgage sooner, reduce a current interest rate, lower a monthly payment, and convert to a fixed rate; improve a property, including repair a property and renovate a property; and use funds from a property, including finance a major purchase and finance everyday purchases; presenting a first interface associated with the inquiry type for display at a customer computing device, the first interface having a first plurality of data fields relating to the inquiry type and a second plurality of data fields for receiving login data from the customer; receiving login data from the customer using the second plurality of data fields; verifying the login data; responsive to verifying the login data, presenting a second interface for display at the customer computing device, the second interface including a plurality of financial accounts associated with the customer; receiving a selection of a financial account of the plurality of financial accounts; responsive to receiving the selection of the financial account, populating the first plurality of data fields of the first interface with data corresponding to the selected financial account, wherein the data includes: a property value, a location including a state and a county, and a current monthly payment; receiving customer input from the customer computing device relating to a desired financial product associated with the inquiry type; responsive to receiving the customer input, determining a plurality of financial products available to the customer using the data in the first plurality of data fields, wherein the plurality of financial products reflect current pricing information from a pricing database; providing the plurality of financial products to the customer using a third interface presented for display at the customer computing device; after providing the plurality of financial products to the customer: receiving a selection of at least two financial products of the plurality of financial products from the customer via the third interface; and receiving a comparison request from the customer via the third interface; and responsive to receiving the comparison request, presenting a fourth interface for display at the customer computing device, the fourth interface including a chart or plot comparing the customer-selected at least two financial products and a suggested combination product, wherein the suggested combination product is represented by a pairing of one of the customer-selected at least two financial products and a suggested financial product that has not been selected by the customer. ### Claim 19 (depends on 18) The computer-implemented method of claim 18, further comprising: from the plurality of financial products, identifying a financial product with a lowest initial principal; from the plurality of financial products, identifying a financial product with a lowest interest payment; receiving current mortgage data including a loan amount and a balance on a mortgage; and transmitting the plurality of financial products to a home loan officer. ### Claim 20 (depends on 19) The computer-implemented method of claim 19, further comprising: selecting a standard credit score between 700 and 750, wherein determining the plurality of financial products available to the customer is based on the standard credit score; wherein the chart or plot includes a comparison graphic including: a payment, an interest rate, and a total of closing costs; and wherein the plurality of financial products are provided to the customer based on at least one of: rate, annual percentage rate (APR), term, payment, points, loan amount, and closing costs.