Machine, Program Product, and Computer-Implemented Method to Construct a Person-To-Person Loan

A computer program product operable on a first computer associated with a bank to thereby define a bank server and stored in a tangible, non-transitory computer memory media to construct the person-to-person loan transaction between the plurality of individual lenders and one or more of the plurality of individual borrower, the computer program product comprising a set of instructions that, when executed by the bank server, cause the bank server to perform the operations of:

• establishing with the bank server an account at the bank for the benefit of one or more individual lenders of a plurality of lenders, the account being identified by an account number so that the bank controls funds associated with the one or more individual lender, the funds being available for person-to-person lending through a second computer associated with a person-to-person lending marketer to thereby define a marketer computer, the marketer computer being adapted to communicate through an electronic communications network with a plurality of third computers associated with a plurality of individual borrowers defining a plurality of borrower computers and a plurality of fourth computers associated with the plurality of individual lenders defining a plurality of lender computers so that the marketing computer processes a plurality of person-to-person loan requests from the plurality of borrower computers and a plurality of bids for person-to-person loans from the plurality of lender computers responsive to the plurality of person-to-person loan requests, the plurality of borrower computers and the plurality of lender computers each being remote from the bank server;
• determining a balance for the account for the benefit of the one or more individual lenders to thereby define a lenders balance so that when communicated to the marketer computer from the bank server the lenders balance limits a bid for a person-to-person loan from the one or more individual lenders responsive to a person-to-person loan request by the one individual borrower, the lenders balance also augments a person-to-person lending profile for the one or more individual lender, the person-to-person lending profile including preferences of the one or more individual lender;
• creating a loan from the bank to the one individual borrower responsive to receiving loan terms determined by the marketer computer and responsive to the bid for the person-to-person loan from the one or more individual lenders;
• assigning at least part of the loan from the bank to the one or more individual lenders responsive to creating the loan from the one or more individual borrowers to construct the person-to-person loan transaction between the one individual borrower and the one or more individual lenders so that the bank serves as an intermediary for the person-to-person loan transaction;
• and
• withdrawing funds from the account for the benefit of the one or more individual lenders corresponding to the at least part of the loan assigned to the one or more individual lenders.

A computer-implemented method for causing a first computer associated with a bank and having at least a processor and a tangible, non-transitory memory to thereby define a bank server to perform a process of creating a loan from the bank to one or more individual borrowers of a plurality of individual borrowers and a process of assigning at least part of the loan from the bank to one or more individual lenders of a plurality of individual lenders to construct a person-to-person loan transaction between the one or more individual lenders and the one individual borrower, the computer-implemented method comprising:

• establishing with the bank server an account at the bank for the benefit of one or more individual lenders of a plurality of lenders, the account being identified by an account number so that the bank controls funds associated with the one or more individual lender, the funds being available for person-to-person lending through a second computer associated with a person-to-person lending marketer to thereby define a marketer computer, the marketer computer being adapted to communicate through an electronic communications network with a plurality of third computers associated with a plurality of individual borrowers defining a plurality of borrower computers and a plurality of fourth computers associated with the plurality of individual lenders defining a plurality of lender computers so that the marketing computer processes a plurality of person-to-person loan requests from the plurality of borrower computers and a plurality of bids for person-to-person loans from the plurality of lender computers responsive to the plurality of person-to-person loan requests, the plurality of borrower computers and the plurality of lender computers each being remote from the bank server;
• determining a balance for the account for the benefit of the one or more individual lenders to thereby define a lenders balance so that when communicated to the marketer computer from the bank server the lenders balance limits a bid for a person-to-person loan from the one or more individual lenders responsive to a person-to-person loan request by the one individual borrower, the lenders balance also augments a person-to-person lending profile for the one or more individual lender, the person-to-person lending profile including preferences of the one or more individual lender;
• creating a loan from the bank to the one individual borrower responsive to receiving loan terms determined by the marketer computer and responsive to the bid for the person-to-person loan from the one or more individual lenders;
• assigning at least part of the loan from the bank to the one or more individual lenders responsive to creating the loan from the one or more individual borrowers to construct the person-to-person loan transaction between the one individual borrower and the one or more individual lenders so that the bank serves as an intermediary for the person-to-person loan transaction;
• and
• withdrawing funds from the account for the benefit of the one or more individual lenders corresponding to the at least part of the loan assigned to the one or more individual lenders.

A computer program product operable on a first computer associated with a bank to thereby define a bank server and stored in a tangible, non-transitory computer memory media to construct the person-to-person loan transaction between the plurality of individual lenders and one or more of the plurality of individual borrower, the computer program product comprising a set of instructions that, when executed by the bank server, cause the bank server to perform the operations of:

• establishing with the bank server an account at the bank for the benefit of one or more individual lenders of a plurality of lenders, the account being identified by an account number so that the bank controls funds associated with the one or more individual lender, the funds being available for person-to-person lending through the bank server, the bank server being adapted to communicate through an electronic communications network with a plurality of third computers associated with a plurality of individual borrowers to thereby define a plurality of borrower computers and a plurality of fourth computers associated with the plurality of individual lenders to thereby define a plurality of lender computers so that the bank server processes a plurality of person-to-person loan requests from the plurality of borrower computers and a plurality of bids for person-to-person loans responsive to the creation of a person-to-person lending profile for the one individual lender by the plurality of lender computers, the plurality of borrower computers and the plurality of lender computers each being remote from the bank server;
• determining a balance for the account for the benefit of the one or more individual lenders to thereby define a lenders balance;
• generating, without further approval from the one individual lender, a bid for the one or more individual lenders responsive to the person-to-person loan request by the one individual borrower and the creation of the person-to-person lending profile for the one or more individual lender, the bid being limited to the lenders balance;
• creating a loan from the bank to the one individual borrower responsive to determining loan terms by the bank server and responsive to the bid for the person-to-person loan;
• assigning at least part of the loan from the bank to the one or more individual lenders responsive to creating the loan from the one or more individual borrowers to construct the person-to-person loan transaction between the one or more individual borrowers and the one or more individual lenders so that the bank serves as an intermediary for the person-to-person loan transaction;
• and withdrawing funds from the account for the benefit of the one or more individual lenders corresponding to the at least part of the loan assigned to the one or more individual lenders.

A computer-implemented method for causing a first computer associated with a bank and having at least a processor and a tangible, non-transitory memory to thereby define a bank server to perform a process of creating a loan from the bank to one or more individual borrowers of a plurality of individual borrowers and a process of assigning at least part of the loan from the bank to one or more individual lenders of a plurality of individual lenders to construct a person-to-person loan transaction between the one or more individual lenders and the one individual borrower, the computer-implemented method comprising:

• establishing with the bank server an account at the bank for the benefit of one or more individual lenders of a plurality of lenders, the account being identified by an account number so that the bank controls funds associated with the one or more individual lender, the funds being available for person-to-person lending through the bank server, the bank server being adapted to communicate through an electronic communications network with a plurality of third computers associated with a plurality of individual borrowers to thereby define a plurality of borrower computers and a plurality of fourth computers associated with the plurality of individual lenders to thereby define a plurality of lender computers so that the bank server processes a plurality of person-to-person loan requests from the plurality of borrower computers and a plurality of bids for person-to-person loans responsive to the creation of a person-to-person lending profile for the one individual lender by the one or more lender computers, the plurality of borrower computers and the plurality of lender computers each being remote from the bank server;
• determining a balance for the account for the benefit of the one or more individual lenders to thereby define a lenders balance;
• generating, without further approval from the one individual lender, a bid for the one or more individual lenders responsive to the person-to-person loan request by the one individual borrower and the creation of the person-to-person lending profile for the one or more individual lender, the bid being limited to the lenders balance;
• creating a loan from the bank to the one individual borrower responsive to determining loan terms by the bank server and responsive to the bid for the person-to-person loan;
• assigning at least part of the loan from the bank to the one or more individual lenders responsive to creating the loan from the one or more individual borrowers to construct the person-to-person loan transaction between the one or more individual borrowers and the one or more individual lenders so that the bank serves as an intermediary for the person-to-person loan transaction;
• and
• withdrawing funds from the account for the benefit of the one or more individual lenders corresponding to the at least part of the loan assigned to the one or more individual lenders.