System and method to create and operate an electronic marketplace of trusted banks for participation in packages of loans

A non-transitory computer readable medium, including program instructions that, when executed on processors, implement a method comprising:

• storing on a network-based non-transitory storage device a collection of participation opportunities, each participation opportunity stored in a standard fielded format, comprising fields for at least geographic region, total loan amount, loan type, supporting collateral, and initiating lender, and the participation opportunities identifying a package of multiple syndicated risks or of already funded loans;
• providing remote access over a computer network to prospective initiating lenders and participant lenders, wherein a user at any of the lenders can submit new or updated information, stored by the lender in a non-standard format, about a participation opportunity through a graphic user interface dependent on non-standardized hardware and software platform used by one of the lenders;
• converting, by a combination of code implementing the graphic user interface at the one of the lenders and an opportunity engine server, the new or updated information regarding the participation opportunity from the non-standardized hardware and software platform into the standard fielded format for the participation opportunities and storing the participation opportunity in the standard fielded format;
• automatically authorizing access to the participation opportunity, by the prospective participant lenders belonging to at least one named group and accepting requests additional information, when supported by a mutually acceptable confidentiality agreement;
• and
• transmitting the participation opportunity over the computer network, beginning immediately after receipt of a signal to authorize transmission, responsive to requests for information from the prospective participant lenders in the at least one named group and processing at least one request for additional information.

A method comprising:

• storing on a network-based non-transitory storage device a collection of participation opportunities, each participation opportunity stored in a standard fielded format, comprising fields for at least total loan amount, loan type, and each participation opportunity identifying a loan to be offered by a plurality of lenders, acting collectively;
• providing remote access over a computer network to prospective initiating lenders and participant lenders, wherein a user at any of the lenders can submit new or updated information, stored by the lender in a non-standard format, about a participation opportunity through a graphic user interface and the participation opportunity submitted with evidence of authorization by an officer of the one of the lenders;
• converting, by a combination of code implementing the graphic user interface at the one of the lenders and an opportunity engine server, the new or updated information regarding the participation opportunity from a non-standardized hardware and software platform into the standard fielded format for the participation opportunities and storing the participation opportunity in the standard fielded format;
• automatically authorizing access to the participation opportunity, by the prospective participant lenders belonging to at least one named group;
• and
• transmitting the participation opportunity over the computer network, beginning after receipt of a signal to authorize transmission, responsive to requests for information from the prospective participant lenders in the at least one named group.

A non-transitory computer readable medium, including program instructions that, when executed on processors, implement a method comprising:

• storing on a network-based non-transitory storage device a collection of participation opportunities, each participation opportunity stored in a standard fielded format, comprising fields for at least total loan amount, loan type, and each participation opportunity identifying a loan to be offered by a plurality of lenders, acting collectively;
• providing remote access over a computer network to prospective initiating lenders and participant lenders, wherein a user at any of the lenders can submit new or updated information, stored by the lender in a non-standard format, about a participation opportunity through a graphic user interface and the participation opportunity submitted with evidence of authorization by an officer of the one of the lenders;
• converting, by a combination of code implementing the graphic user interface at the one of the lenders and an opportunity engine server, the new or updated information regarding the participation opportunity from a non-standardized hardware and software platform into the standard fielded format for the participation opportunities and storing the participation opportunity in the standard fielded format;
• automatically authorizing access to the participation opportunity, by the prospective participant lenders belonging to at least one named group;
• and
• transmitting the participation opportunity over the computer network, beginning after receipt of a signal to authorize transmission, responsive to requests for information from the prospective participant lenders in the at least one named group.