Computer implemented automated credit application analysis and decision routing system

A credit application and routing system comprising:

• a central processor having and executing a program and operational to:
• selectively receive credit application data associated with respective applicants from at least one remote applicant terminal device;
• selectively forward the credit application data to a plurality of funding sources having remote funding source terminal devices until at least one of the funding sources returns a positive funding decision or until all funding sources have been exhausted;
• and
• selectively forward funding decision data from the funding sources to the respective at least one remote applicant terminal device;
• and
• coupling means for coupling said central processor to a communications medium to thereby enable the sending and receiving of the credit application data and the funding decision data over the communications medium.

A credit application and routing system including a central processor having and executing a program and further comprising:

• data input means for selectively receiving credit application data from respective applicants at remote locations;
• and
• routing means for selectively forwarding the credit application data to remote funding sources and selectively forwarding funding decision data from the funding sources to the respective applicants;
• wherein the routing means comprises at least one of:
• means for sending at least a portion of a credit application to more than one of said remote funding sources substantially at the same time;
• means for sending at least a portion of a credit application to more than one of said remote funding sources sequentially until a funding source returns a positive funding decision;
• and
• means for sending at least a portion of a credit application to a first one of said remote funding sources, and then, after a predetermined time delay, sending to at least one other remote funding source, until one of the funding sources returns a positive funding decision or until all funding sources have been exhausted.

A computer based method of operating a credit application and routing system, the system including a central processor coupled to a communications medium for communicating with remote application entry and display devices, remote credit bureau terminal devices, and remote funding source terminal devices, the method comprising:

• selectively receiving credit application data from a remote application entry and display device;
• selectively obtaining credit report data from at least one remote credit bureau terminal device;
• selectively forwarding the credit application data, and credit report data if appropriate, to a plurality of remote funding sources having terminal devices;
• and
• selectively forwarding funding decision data from the remote funding sources to the respective remote application entry and display device;
• wherein the step of selectively forwarding the credit application data, and credit report data if appropriate, to the funding sources having terminal devices comprises one of:
• sending at least a portion of a credit application data, and credit report data if appropriate, to the plurality of funding sources sequentially until a funding source terminal device returns positive funding decision data or until all funding sources have been exhausted;
• and
• sending at least a portion of a credit application data, and credit report data if appropriate, to a first one of the plurality of funding sources, and then, after a predetermined time delay, sending to at least one other funding source in turn, until a funding source terminal device returns positive funding decision data or until all funding sources have been exhausted.

A credit application and routing system, comprising:

• a communications medium;
• central processing means, operably coupled to said communications medium, for executing a computer program which implements and controls credit application processing and routing;
• at least one credit application input terminal device, operably coupled to said communications medium, for keyboard entry of at least credit application information, for visual display of at least funding decision information, and for sending and receiving to and from said central processing means over said communications medium;
• and
• at least one funding source terminal device, operably coupled to said communications medium, for receiving at least a portion of a credit application over said communications medium from said at least one credit application input terminal device through said central processing means, and for sending a funding decision to said at least one credit application input terminal device through said central processing means over said communications medium;
• wherein there are a plurality of funding sources having terminal devices connected to said communications medium, and wherein a credit application is sent to more than one of said plurality of funding sources over said communications medium through said central processing means until one of the plurality of funding sources sends a positive funding decision or until all funding sources have been exhausted.

A credit application and routing system comprising:

• a processor having and executing a program and operational to:
• selectively receive credit application data associated with respective applicants from at least one applicant terminal device;
• selectively forward the credit application data to a plurality of funding sources having terminal devices until at least one of the plurality of funding sources sends a positive funding decision or until all funding sources have been exhausted;
• and
• selectively forward funding decision data from the plurality of funding sources to the respective at least one applicant terminal device;
• and
• coupling means for coupling said central processor to a communications medium to thereby enable the sending and receiving of the credit application data and the funding decision data over the communications medium.