Systems and methods for facilitating the flow of capital through the housing finance industry

A computer system configured for use by different lenders to facilitate the flow of capital through the housing finance industry, the computer system being configured to receive and process mortgage loan application data pertaining to mortgage loan applications, and the system being accessible to each of the different lenders by way of a network, the system comprising:

• a consumer-direct interface, the consumer-direct interface being configured to receive mortgage loan application data from consumers, the consumer-direct interface comprising a series of linked web pages, wherein at least some of the series of linked web pages include lender-configurable regions which are configurable by a lender to include a logo associated with the lender, textual information provided by the lender, and loan pricing information provided by the lender;
• an advisor interface, the advisor interface being configured to receive mortgage loan application data from advisors;
• a call center interface, the call center interface being configured to receive mortgage loan application data from users at a call center;
• a platform administrator interface, the platform administrator interface being configured to be useable by different lenders to configure the lender-configurable regions of the consumer-direct interface according to lender preferences, the platform administrator interface configured to permit the different lenders to configure hedge costs associated with different mortgage products according to lender preferences, and the platform administrator interface being configured to permit the different lenders to configure pricing information provided by way of the consumer-direct interface, the call center interface and the advisor interface according to lender preferences;
• an underwriting engine, the underwriting engine being configured to generate underwriting determinations based on the mortgage loan application data;
• a data storage system, the data storage system being configured to store the mortgage loan application data received by the consumer-direct interface, the advisor interface, and the call center interface;
• a loan cost analysis engine, the loan cost analysis engine being configured to receive the mortgage loan application data, wherein, for each mortgage loan application, the loan cost analysis engine is configured to compare data pertaining to loan pricing for a corresponding mortgage loan with loan pricing standards to evaluate whether the loan pricing is in compliance with the loan pricing standards, and the loan cost analysis engine being configured to generate a validation code associated with the mortgage loan, the code being useable to validate that the mortgage loan was submitted for analysis by the loan cost analysis engine and to provide an indication of results of the analysis by the loan cost analysis engine;
• and
• an investor user interface, the investor user interface being configured to provide secondary mortgage market investors with access to the mortgage loan application data stored in the data storage system, and the investor user interface being configured to provide the secondary mortgage market investors with information pertaining to results of the evaluations by the loan cost analysis engine;
• and
• wherein the mortgage loan application data stored in the data storage system is commonly accessible to the consumer-direct interface, the advisor interface, the call center interface, and the investor user interface;
• wherein the loan cost analysis engine is configured to perform a statistical analysis to identify a correlation between a plurality of parameters in mortgage loan application data associated with a plurality of borrowers and identify loans that are not in compliance with the loan pricing standards based on the correlation between the plurality of parameters;
• and
• wherein the loan cost analysis engine is further configured to (i) trigger an alert if one of a loan fee and interest rate exceeds a threshold value;
• and (ii) trigger the alert if one of the loan fee and the interest rate does not exceed the threshold value but is within a tolerance amount of the threshold value, the tolerance amount being adjustable based on a risk tolerance level for the mortgage loan.