Financial institution mortgage portfolio asset inventory auction systems and methods
AssigneeMastercard International Incorporated
InventorsGautam Chopra, Sibasis Mohanty, Ashish Mathew
Life of this patent
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Abstract
An electronic mortgage portfolio asset auction system includes at least one host computing device that assembles a mortgage asset inventory from received mortgage asset data of a plurality of financial institutions for bidding. The host computing device filters the mortgage asset inventory in view of a bidder's mortgage asset purchase criteria to identify mortgage assets corresponding to the bid order, generates at least one ranked list of the identified mortgage assets by applying financial institution preference criteria, and presents the at least one ranked list to the first one of the plurality of financial institutions.
Claims25
A mortgage portfolio asset auction system comprising:
- at least one host computing device comprising at least one processor in communication with a memory device, wherein the at least one host computing device is configured to:
- receive mortgage asset data from each of a plurality of financial institutions, the mortgage asset data including an asking price for at least one mortgage asset that is being offered for sale;
- assemble a mortgage asset inventory from the received mortgage asset data including the mortgage asset data of all of the plurality of financial institutions;
- receive a bid order from a first one of the plurality of financial institutions including mortgage asset purchase criteria;
- filter the mortgage asset inventory in view of the mortgage asset purchase criteria to identify mortgage assets corresponding to the bid order;
- generate at least one ranked list of the identified mortgage assets by applying at least one predetermined preference criteria;
- and
- present the at least one ranked list to the first one of the plurality of financial institutions.
The system of 1, wherein the at least one host computing device is configured to:
- generate a first ranked list of the identified mortgage assets and a second ranked list of the identified mortgage assets, each of the first and second ranked lists being ranked according to different criteria;
- and
- compare a portion of the first ranked list to a portion of the second ranked list to identify matching entries on the first portion and the second portion.
A method for electronically auctioning mortgage portfolio assets by participating financial institutions, the method implemented with at least one host computing device having at least one processor in communication with a memory device, the method comprising:
- receiving, by the at least one host computing device, mortgage asset data from each of a plurality of financial institutions, the mortgage asset data including an asking price for at least one mortgage asset that is being offered for sale;
- assembling, by the at least one host computing device, a mortgage asset inventory from the received mortgage asset data including the mortgage asset data of all of the plurality of financial institutions;
- receiving, by the at least one host computing device, a bid order from a first one of the plurality of financial institutions including mortgage asset purchase criteria;
- filtering the mortgage asset inventory in view of the mortgage asset purchase criteria to identify mortgage assets corresponding to the bid order;
- generating at least one ranked list of the identified mortgage assets by applying at least one predetermined preference criteria;
- and
- presenting the at least one ranked list to the first one of the plurality of financial institutions.
An electronic mortgage portfolio foreclosed property asset auction system comprising:
- at least one host computing device comprising at least one processor in communication with a memory device and a payment processor;
- wherein the at least one host computing device is configured to:
- receive foreclosed property asset data from each of a plurality of financial institutions, the foreclosed property asset data including an asking price for at least one foreclosed property that is being offered for sale;
- assemble a foreclosed property asset inventory from the received foreclosed property asset data of all of the plurality of financial institutions;
- receive a bid order from a first one of the plurality of financial institutions including property asset purchase criteria;
- filter the foreclosed property asset inventory in view of the property asset purchase criteria to identify foreclosed properties foreclosed properties corresponding to the bid order;
- generate a ranked list of the identified foreclosed properties according to financial institution preference criteria for the respective identified foreclosed properties;
- and
- provide the ranked list of the identified foreclosed properties to the first one of the plurality of financial institutions.
Dependencies are inferred from the claim text.