US 2017/0323378 A1Published application

System for triggering of living option resource allocation

AssigneeBank of America Corporation

InventorsKatherine Dintenfass, Vasudevan Nagalingam

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Abstract

Embodiments of the invention are directed to a system, method, or computer program product for triggering of living option resource allocation. In some embodiments, the invention provides a system for triggering of living option resource allocation. As such, the system may interconnect with market analysis devices and market distributor devices to determine resource availability and requirement for use property purchase or rent. In this way, the system generates a real-time interactive geographic indication of properties and listings within identified metrics. Furthermore, the system may extract data about the user's property and generate a listing for the rental of the user's property and, upon authentication, post the listing on third party locations.

Claims20

Dependent claims

A system for triggering of living option resource allocation, the system comprising:

at least one memory device;
at least one communication device connected to a distributed network;
at least one processing device operatively coupled to the at least one memory device and the at least one communication device;
and
a module stored in the at least one memory device comprising executable instructions that when executed by the at least one processing device, cause the at least one processing device to:
determine a user is interested in a property purchase or property rental;
identify one or more trigger events associated with the user, the one or more trigger events comprising at least determining that the user has made a decision to purchase or rent a property;
identify a candidate house for potential purchase by the user;
determine a rental home budget associated with a candidate house, comprising:
determining expected rental income for the candidate house;
and
determining expected expenses for the candidate house;
and
initiate one or more resource allocation actions in response to the one or more trigger events, the resource allocation actions comprising allocating a portion of resources to an account earmarked for purchasing the candidate house.

11 more elements

A computer program product for triggering of living option resource allocation, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured for determining a user is interested in a property purchase or property rental;
an executable portion configured for identifying one or more trigger events associated with the user, the one or more trigger events comprising at least determining that the user has made a decision to purchase or rent a property;
an executable portion configured for identifying a candidate house for potential purchase by the user;
an executable portion configured for determining a rental home budget associated with a candidate house, comprising:
determining expected rental income for the candidate house;
and
determining expected expenses for the candidate house;
and
an executable portion configured for initiating one or more resource allocation actions in response to the one or more trigger events, the resource allocation actions comprising allocating a portion of resources to an account earmarked for purchasing the candidate house.

6 more elements

A computer-implemented method for triggering of living option resource allocation, the method comprising:

providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations:
determining a user is interested in a property purchase or property rental;
identifying one or more trigger events associated with the user, the one or more trigger events comprising at least determining that the user has made a decision to purchase or rent a property;
identifying a candidate house for potential purchase by the user;
determining a rental home budget associated with a candidate house, comprising:
determining expected rental income for the candidate house;
and
determining expected expenses for the candidate house;
and
initiating one or more resource allocation actions in response to the one or more trigger events, the resource allocation actions comprising allocating a portion of resources to an account earmarked for purchasing the candidate house.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/223,469Filed 29 Jul 2016
Priority: 9 May 2016
Published: 9 Nov 2017
Term ends: Not estimatedThe source records don’t support an estimate.

Classification29 codes

G16H 40/63
For the operation of medical equipment or devices: for local operation
G06F 16/176
Details of further file system functions: support for shared access to files; File sharing support
G06F 16/248
Querying: presentation of query results
G06F 16/29
Of structured data, e.g. relational data: geographical information databases