Automatic delinquency item processing with customization for lenders
AssigneeFirst American Real Estate Tax Service, LLC.
InventorsJohn M. GILBERTI, Rick Holcomb, Nancy Walker, Shane Jones, Bobbie Johannes, Ben Agenbag, Paul Comer
Life of this patent
Estimating the term…
Abstract
A method of processing delinquency items associated with taxes on properties may include receiving preferences from two or more lenders. Delinquency items may be automatically processed according to the preferences of each lender for their respective loans. The preferences may include business rules for whether to process a delinquency item. A lender preference may include specific criteria for a determination process (e.g., criteria for when to act on delinquencies with respect to particular states).
Claims7
A method of processing tax delinquency status on a property throughout the term of a loan, comprising:
- receiving a property identification information relating to the property;
- monitoring at least one tax database throughout the term of the loan for any change in the tax delinquency status related to the property;
- and
- notifying a lender of any change in the tax delinquency status related to the property during the term of the loan.
A method of processing tax delinquency items associated with taxes on a property throughout the term of a loan comprising:
- receiving a property identification information relating to the property;
- monitoring at least one tax database throughout the term of the loan for any tax delinquency items related to the property;
- locating any tax delinquency items associated with the property;
- and
- extinguishing any tax delinquency items during the term of the loan based on an equity analysis and a state matrix selection process.
A system for processing tax delinquency status on a property throughout the term of a loan, comprising:
- a CPU;
- a memory coupled to the CPU, wherein the memory comprises program instructions executable to implement:
- receiving a property identification information relating to the property;
- monitoring at least one tax database throughout the term of the loan for any change in the tax delinquency status related to the property;
- and
- notifying a lender of any change in the tax delinquency status related to the property during the term of the loan.
A system of processing tax delinquency items associated with taxes on a property throughout the term of a loan comprising:
- a CPU;
- a memory coupled to the CPU, wherein the memory comprises program instructions executable to implement:
- receiving a property identification information relating to the property;
- monitoring at least one tax database throughout the term of the loan for any tax delinquency items related to the property;
- locating any tax delinquency items associated with the property;
- and
- extinguishing any tax delinquency items during the term of the loan based on an equity analysis and a state matrix selection process.
Dependencies are inferred from the claim text.