US 2014/0229364 A1Published application

Mortgage collaborative compliance system and method

AssigneeMortgage True View, Inc.

InventorDavid K. Moffat

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Abstract

A mortgage system including a first module configured to support operating and compliance metrics, a data store configured to store a set of key performance indicators in the mortgage field, a second module configured for data validation and related visualization protocols, and a multi-tier user access authorization module configured to allow data contributors (e.g., mortgage companies) to provide information to clients, auditors, regulators, and/or authorized third parties. A method includes providing a standard set of key performance indicators in the mortgage field to a group of data contributors, receiving data from the group of data contributors, determining one or more performance metrics over a period of time on an absolute basis, determining one or more performance metrics either at a point in time or for a period of time on a relative basis, and displaying a comparison of the one or more determined performance metrics.

Claims20

Dependent claims

A method, comprising:

in one or more computing systems:
providing a standard set of key performance indicators in the mortgage field to a group of data contributors;
receiving data from the group of data contributors;
determining one or more performance metrics over a period of time on an absolute basis, wherein the absolute basis comprises comparing data from one data contributor of the group of data contributors with its own data, and/or to stipulated standards in such a way that an absolute difference is determined based on at least one of the key performance indicators;
and
determining one or more performance metrics either at a point in time or for a period of time on a relative basis, wherein the relative basis comprises comparing a set of data of the group of data contributors against a different set of data from a different group of data contributors on an anonymous and transparent basis in such a way that a relative difference is determined based on at least one of the key performance indicators;
and
storing and displaying a comparison of the one or more performance metrics determined on the absolute basis and/or the relative basis.

5 more elements

Dependencies are inferred from the claim text.