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US 2004/0002915 A1Published application
Mortgage loan data processing system and method for a loan broker
AssigneeSOURCETEC, Inc.
InventorsRussell W. McDonald, Russell W. McDonald II
Life of this patent
Estimating the term…
Abstract
The present invention includes a data processing system and method for a loan broker managing a mortgage loan originated by a loan originator for a loan customer. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.
Claims52
A system processing a mortgage loan for a loan customer, comprising:
- means for transferring the loan application data for the loan customer from a loan originator computer to the loan broker computer operated by a loan broker;
- means for reviewing the loan application data to determine completeness;
- and
- means for completing the loan application whenever loan application data is incomplete by contacting the loan originator;
- wherein the loan originator computer is operated at least in part by a loan originator;
- wherein the loan originator is not the loan broker;
- and
- wherein the loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.
5 more elements
A method processing a mortgage loan for a loan customer, comprising the steps of:
- transferring the loan application data for the loan customer from a loan originator computer to the loan broker computer operated by a loan broker;
- reviewing the loan application data to determine completeness;
- and
- completing the loan application whenever loan application data is incomplete by contacting the loan originator;
- wherein the loan originator computer is operated at least in part by a loan originator;
- wherein the loan originator is not the loan broker;
- and
- wherein the loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.
5 more elements
Dependencies are inferred from the claim text.