Loan compliance auditing system and method

A computer-implemented method for auditing loan compliance with government loan lending and licensing requirements, comprising the computer-implemented steps of:

• a. allowing a user to display, enter and edit loan audit compliance data including compliance base rule data elements capable of being entered into mathematical equations, comprising the steps of:
• i. receiving and displaying loan audit data on a user interface of a computer system;
• and
• ii. storing the loan audit data in a loan data database in the computer system;
• b. allowing said user to interactively build loan compliance rules including mathematical equations using compliance base rule variables and algebraic operands that are derived from and represent said government loan lending and licensing requirements on said user interface of the computer system, comprising the steps of:
• i. using applicable licenses for a geographic boundary, building loan compliance rules for all applicable licenses available within the geographic boundary and storing the loan compliance rules in a loan compliance rules database in the computer system;
• and
• ii. associating licenses from the applicable licenses with a loan originator to form a set of loan originator applicable licenses and storing the list of loan originator licenses in the loan compliance rules database in the computer system;
• c. responding to a loan audit request received from said user on a user interface of the computer system, comprising the steps of:
• i. identifying a loan type and loan originator;
• ii. retrieving the loan originator licenses for the loan type and loan originator from the loan compliance rules database;
• iii. retrieving the loan compliance rules associated with the loan originator licenses from the loan compliance rules database;
• iv. retrieving the loan audit data from the loan data database;
• v. applying the loan compliance rules to the loan audit data by inserting the compliance base rule data elements from the loan audit data into the compliance base rule variables of the compliance rules for determining a loan audit compliance result;
• and
• d. notifying said user of the determined loan audit compliance result.

A computer implemented method for auditing loan compliance with government and loan lending requirements, comprising the computer-implemented steps of:

• a. electronically transferring loan data including compliance base rule data elements capable of being entered into mathematical equations from a user interface embodied in a computer processor to a loan audit server computer over a communications network;
• b. at a user interface computer, allowing a user to interactively build loan compliance rules using compliance based rule variables and rule building instructions including mathematical equations using compliance base rule variables and algebraic operands that are derived from and represent the government loan lending and licensing requirements, comprising:
• i. using licenses applicable to a state, building rules for all applicable licenses available within the state;
• and
• ii. associating the applicable licenses with a loan originator to form a list of loan originator applicable licenses and storing the loan originator applicable licenses;
• c. storing the loan compliance rules in a database connected to the loan audit server computer;
• d. in response to a loan audit request:
• i. identifying a loan type and the loan originator;
• ii. retrieving the loan audit data and the applicable licenses for the loan type and the loan originator by the loan server;
• iii. retrieving the loan compliance rules associated with the applicable licenses from the stored rules in the database by the loan server;
• iv. applying the loan compliance rules to loan data by inserting the compliance base rule data elements from the loan audit data and the applicable licenses into the compliance base rule variables of the compliance rules for determining loan audit compliance results by the loan server;
• and
• e. electronically transferring the loan audit compliance results from the loan server to the user over a communications network.

A system for auditing loan compliance with government and loan lending requirements, comprising:

• a. a user interface for displaying, entering and editing loan audit compliance data comprising compliance base rule data elements capable of being entered into mathematical equations;
• and
• b. a loan audit server communicating with the user interface that:
• i. allows a user to interactively build a set of loan compliance rules using rule-building instructions, the loan compliance rules comprising mathematical equations using compliance base rule variables and algebraic operands that are derived from and represent said government loan lending and licensing requirements;
• ii. stores the loan compliance rules;
• iii. in response to a loan audit request:
• (i) identifies a loan type;
• (ii) determines the loan compliance rules that apply to the loan type;
• (iii) applies the loan compliance rules to loan audit compliance data associated with the loan audit request to determine loan audit results.

A computer-implemented method for auditing loan compliance with government loan lending and licensing requirements, comprising the computer-implemented steps of:

• receiving loan application data including compliance base rule data elements capable of being entered into mathematical equations;
• receiving loan compliance rules comprising mathematical equations using compliance base rule variables and algebraic operands that are derived from and represent said government loan lending and licensing requirements;
• applying a selected set of the loan compliance rules to the loan application data by inserting the compliance base rule data elements from the loan application data into the compliance base rule variables of the compliance rules for determining a loan audit compliance result;
• and
• notifying a user of the determined loan audit compliance result.