Distributed loan underwriting
AssigneeTollShare, Inc.
InventorsMurali M. Karamchedu, Ravi Asnani, Sanjay Nambiar
Life of this patent
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Abstract
In embodiments, methods, storage media, and apparatuses are described that are associated with underwriting of loans. In various embodiments, offers to underwrite a loan may be received by one or more loan underwriters. Assets and/or lines of credit of the loan underwriters may then be encumbered such that, upon a requirement to pay the loan balance to a lender, the loan balance may be automatically taken from these assets and/or lines of credit. Other embodiments may be described and claimed.
Claims24
A computer-implemented method for facilitating underwriting of a loan, the method comprising:
- receiving, by one or more computing devices, one or more offers associated with one or more loan underwriters to underwrite the loan, wherein the loan is associated with a borrower, a lender, and a loan balance;
- and
- encumbering, by the one or more computing devices, one or more assets and/or lines of credit of the loan underwriters, such that upon a requirement to pay the loan balance to one or more lenders, the loan balance can be automatically taken from the one or more assets or lines of credit of the one or more loan underwriters.
One or more computer-readable media comprising instructions that, in response to execution on a computing device, cause the computing device to:
- receive one or more offers associated with one or more loan underwriters to underwrite a loan associated with a borrower, a lender, and a loan balance;
- and
- encumber one or more assets and/or lines of credit of the loan underwriters, such that upon a requirement to pay the loan balance to one or more lenders, the loan balance can be automatically taken from the one or more assets or lines of credit of the one or more loan underwriters.
An apparatus for facilitating underwriting of a loan, the apparatus comprising:
- one or more computer processors;
- and
- a loan underwriter interface module configured to operate on the one or more computer processors to:
- receive one or more offers associated with one or more loan underwriters to underwrite the loan, wherein the loan is associated with a borrower, a lender, and a loan balance;
- and
- encumber one or more assets and/or lines of credit of the loan underwriters, such that upon a requirement to pay the loan balance to one or more lenders, the loan balance can be automatically taken from the one or more assets or lines of credit of the one or more loan underwriters.
Dependencies are inferred from the claim text.