Automated Loan Risk Assessment System and Method
AssigneeInterthinx, Inc.
InventorsSteven C. Halper, Constance A. Wilson, Stephen M. Hourigan
Life of this patent
Estimating the term…
Abstract
An automated loan risk assessment system and method are described. The system is adapted to receive information about a loan or an insurance application requesting insurance to cover same. The system calculates a risk score for the loan based on a plurality of risk factors including at least two of a fraud risk factor, a credit risk factor and a property valuation risk factor. The risk score can be used by a loan service provider in deciding whether or not to fund or insure the loan.
Claims56
An automated loan risk assessment system, comprising:
- means for receiving information about a loan;
- and
- means for calculating a risk score for the loan based on a plurality of risk factors including at least two of a fraud risk factor, an underwriting risk factor and a property valuation risk factor, whereby the risk score can be used by a loan service provider in deciding whether or not to fund or insure the loan.
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Dependencies are inferred from the claim text.