Financial Analysis Mechanisms
AssigneeBank of America Corporation
InventorKellie E. Dodini
Life of this patent
Estimating the term…
Abstract
Aspects of the present disclosure provide a system for providing employees of a loan offering entity a tool that is more efficient and accurate than completing required multiple calculations manually by the employee. Still other aspects deliver a summary of the noted information that must be analyzed by the employee when determining qualifying income with accountability in place to ensure such noted information was analyzed, including checklists, confirmation notations, and/or other methods. Integrating a standard tool for tax analysis of evidentiary records of an individual drives a consistent approach to tax analysis to support salability requirements and fair lending. Guidance and support to accurately complete the tax analysis may be provided, and efficiency of the tax analysis process may be improved.
Claims20
A method comprising:
- processing, at a first computer, data representative of wage earnings of an applicant for a loan application to determine eligible base pay based upon one or more policies of a loan offering entity, the data representative of the wage earnings of the applicant based upon wage earnings data of the applicant associated with a personal 1040 form of the applicant;
- outputting, from the first computer to an associated alert device, an alert representative of an issue in violation of the one or more policies of the loan offering entity;
- and
- determining, at the first computer, whether to prevent further processing of a loan processing file representative of the loan application of the applicant until the alert is removed.
One or more computer readable media storing computer executable instructions that, when executed by at least one processor, cause the at least one processor to perform a method comprising:
- processing, at a first computer, data representative of wage earnings of an applicant for a loan application to determine eligible base pay based upon one or more policies of a loan offering entity, the data representative of the wage earnings of the applicant based upon wage earnings data of the applicant associated with a personal 1040 form of the applicant;
- outputting, from the first computer to an associated alert device, an alert representative of an issue in violation of the one or more policies of the loan offering entity;
- and
- determining, at the first computer, whether to prevent further processing of a loan processing file representative of the loan application of the applicant until the alert is removed.
A method comprising:
- generating, at a computer, a loan processing file representative of a loan application of an applicant;
- outputting, from the computer to an associated display device, user interface for entry of data representative of wage earnings of the applicant, the data representative of the wage earnings of the applicant based upon wage earnings data of the applicant associated with a personal 1040 form of the applicant;
- receiving, at the computer, the data representative of wage earnings of the applicant;
- processing, at the computer, the data representative of the wage earnings of the applicant to determine eligible base pay based upon one or more policies of a loan offering entity;
- outputting, from the computer to an associated alert device, an alert representative of an issue in violation of the one or more policies of the loan offering entity;
- determining, at the computer, whether to prevent further processing of the loan processing file until the alert is removed;
- and
- generating, at the computer, a final loan processing file representative of a personal cash flow amount for the applicant.
Dependencies are inferred from the claim text.