Systems and methods for conducting mass market holistic loan optimization
OwnerMichael Willcox, Bret Rietow +1inventors
InventorsMichael Willcox, Bret Rietow, Brede Kolsrud
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Abstract
Various aspects of the present disclosure are directed towards devices, systems, and methods for optimizing debt portfolio by actively monitoring for rate quotes from one or more lenders and performing real-time optimization to determine global optimum parameters in order for the user to be qualified for the optimal loan product that meets the user's goals.
Claims36
A method for computer-implemented debt portfolio optimization, the method being implemented via one or more processors, the method comprising:
- acquiring, by the one or more processors, a user data profile associated with a user, wherein the user data profile includes income, credit score, assets, and a debt portfolio including existing liabilities held by the user;
- obtaining, by the one or more processors, a plurality of rate quotes in response to acquiring the user data profile;
- activating, by the one or more processors, an optimizer engine to perform optimization to obtain an optimized result based on the user data profile and the rate quotes;
- and
- notifying, on a user interface of a user device, the user of the optimized result, wherein the optimized result includes an optimum loan product or an optimum loan portfolio as determined by the optimizer engine.
A non-transitory computer-readable storage medium storing instructions which, when executed by one or more processors, causes the processors to:
- acquire a user data profile associated with a user, wherein the user data profile includes income, credit score, assets, and a debt portfolio including existing liabilities held by the user;
- design an experiment consisting of a plurality of loans with intentionally-varied parameters in response to acquiring the user data profile;
- obtain a plurality of rate quotes based on the designed experiment
- activate an optimizer engine to perform optimization to obtain an optimized result based on the user data profile and the rate quotes;
- and
- notify, on a user interface of a user device, the user of the optimized result, wherein the optimized result includes an optimum loan product or an optimum loan portfolio as determined by the optimizer engine.
A computing system comprising:
- a user device having a user interface associated with a user;
- one or more processors operatively coupled with the user interface;
- and
- a memory operatively coupled with the one or more processors and storing instructions which, when executed by the one or more processors, causes the processors to:
- acquire a user data profile associated with the user, wherein the user data profile includes income, credit score, assets, and a debt portfolio including existing liabilities held by the user;
- design an experiment consisting of a plurality of loans with intentionally-varied parameters in response to acquiring the user data profile;
- obtain a plurality of rate quotes in response to the designed experiment;
- activate an optimizer engine to perform optimization to obtain an optimized result based on the user data profile and the rate quotes;
- and
- notify, on the user interface of the user device, the user of the optimized result, wherein the optimized result includes an optimum loan product or an optimum loan portfolio as determined by the optimizer engine.
Dependencies are inferred from the claim text.