Mortgage synthesis and automation
AssigneeBeSmartee, Inc.
InventorThien K. Nguyen
Life of this patent
Estimating the term…
Abstract
A system and methods are provided to enable a user to apply to multiple mortgage lenders, receive real-time loan approvals from said lenders, and complete the acquisition of a mortgage loan via a series of electronic communications via network-accessible computing systems. A mortgage application is automatically generated using intelligent synthesis of data received from multiple sources based on limited personal data manually provided by the user, such as a name, date of birth, social security number and access to financial accounts. The generated mortgage application may be submitted to multiple lenders' automated underwriting systems and loan pricing engines. Multiple lenders' decisions may then be received and provided to the user, so that the user may select from multiple available mortgage loans.
Claims21
A method of operation of a mortgage application automation system, the mortgage application automation system including at least one processor and at least one nontransitory processor-readable medium communicatively coupled to the at least one processor and which stores at least one of processor-executable instructions or data, the method comprising:
- receiving, by the at least one processor via one or more first electronic communications sent over one or more computer networks from a client computing system of a first applicant, a set of applicant identity information, the applicant identity information specifying an identity of the first applicant;
- receiving, by the at least one processor via one or more second electronic communications sent over the one or more computer networks, a set of real property identity information, the real property identity information specifying an identity of a first parcel of real property;
- receiving, by the at least one processor via one or more third electronic communications sent over the one or more computer networks, a set of applicant authorization information, the applicant authorization information including an indication that the first applicant has authorized retrieval of first applicant related personal information;
- retrieving, by the at least one processor via one or more fourth electronic communications sent over the one or more computer networks, supporting information for the first applicant from a plurality of third-party data sources;
- and
- generating, by the at least one processor, at least one mortgage application for the first applicant and the first parcel of real property based at least in part on the retrieved supporting information for the first applicant.
A non-transitory computer-readable medium having stored contents that, when executed, configure a computing system to:
- receive, by the configured computing system via one or more electronic communications transmitted over one or more computer networks from a client computing system associated with an applicant, a set of applicant identity information that includes one or more indications of an identity of the applicant;
- receive, by the configured computing system via one or more electronic communications transmitted over the one or more computer networks, a set of real property identity information, the real property identity information specifying an identity of a first parcel of real property;
- responsive to the set of applicant identity information, obtain, by the configured computing system via one or more electronic communications transmitted over the one or more computer networks, a set of applicant authorization information, the applicant authorization information including an indication that the applicant has authorized retrieval of first applicant related personal information;
- retrieve, by the configured computing system via one or more electronic communications transmitted over the one or more computer networks, supporting information from a plurality of third-party data sources;
- generate, by the configured computing system, a mortgage application associated with the applicant and with the first parcel of real property based at least in part on the retrieved supporting information;
- provide, by the configured computing system via one or more electronic indications transmitted over the one or more computer networks, the generated mortgage application to at least one of a plurality of third-party lenders;
- and
- display, by the configured computing system via the one or more computer networks and based on the providing of the generated mortgage application to the at least one third-party lender, at least one loan offer to the applicant.
A system, comprising:
- one or more processors;
- and
- at least one memory, the memory including instructions that, upon execution by at least one of the one or more processors, cause the system to:
- receive a set of applicant identity information that includes one or more indications of an identity of an applicant;
- receive a set of real property identity information specifying an identity of a first parcel of real property;
- responsive to the set of applicant identity information, obtain a set of applicant authorization information that includes an indication that the applicant has authorized retrieval of personal information regarding the applicant;
- retrieve supporting information from a plurality of third-party data sources;
- generate, based at least in part on the retrieved supporting information, a mortgage application associated with the applicant and with the first parcel of real property;
- electronically transmit the generated mortgage application to at least one of a plurality of third-party lenders;
- and
- display, based at least in part on electronically transmitting the generated mortgage application, at least one loan offer to the applicant.
Dependencies are inferred from the claim text.