Methods and systems for assessing loan portfolios
AssigneeGE Corporate Financial Services, Inc.
InventorsTim Kerry Keyes, Santosh Kumar Srinivas, Marshall Gaines Burchard, Catharine Lynn Midkiff
Life of this patent
Estimating the term…
Abstract
Methods and systems for assessing a loan portfolio for variance are described. In an example embodiment, the method comprises the steps of identifying a milestone for at least one loan in the portfolio at a selected time of assessment, determining planned collections for the loan for the selected time of assessment, determining actual collections for the loan the selected time period of assessment, and populating a spreadsheet identifying a current milestone and a cumulative variance between planned collections and actual collections at the milestone for the loan.
Claims15
A method for assessing a loan portfolio comprising a plurality of loans, said method comprising the steps of:
- identifying a milestone for at least one loan in the portfolio at a selected time of assessment;
- determining planned collections for the loan for the selected time of assessment;
- determining actual collections for the loan the selected time period of assessment;
- and
- populating a spreadsheet identifying a current milestone and a cumulative variance between planned collections and actual collections at the milestone for the loan.
A database for a variance tracking system, said database comprising a memory storage having data stored therein, said data comprising:
- a milestone status for each of a plurality of loans;
- planned payments for each loan;
- actual payments for a plurality of loans;
- indexes of time associated with each planned payment and with each actual payment.
A computer program for controlling operation of a computer to determine variance in a loan portfolio, said computer program executable to control the computer to:
- associate each loan in the portfolio with one of a plurality of milestones;
- determine cumulative planned collections for a selected loan for the selected time of assessment;
- determine cumulative actual collections for the loan for the selected time period of assessment;
- and
- determine a cumulative variance for the loan for the selected time period of assessment based on the cumulative planned collections and cumulative actual collections.
A variance tracker system for tracking variance in a loan portfolio, said system comprising:
- a database comprising a memory storage having data stored therein, said data comprising a milestone status for each of a plurality of loans, planned payments for each loan, actual payments for a plurality of loans, and indexes of time associated with each planned payment and with each actual payment;
- and
- a processor coupled to said database, said processor programmed to:
- associate each loan in the portfolio with one of a plurality of milestones;
- determine cumulative planned collections for a selected loan for the selected time of assessment;
- determine cumulative actual collections for the loan for the selected time period of assessment;
- and
- determine a cumulative variance for the loan for the selected time period of assessment based on the cumulative planned collections and cumulative actual collections.
Dependencies are inferred from the claim text.