US 8,145,563 B2 · Computer system and method for networked interchange of data and information for members of the real estate financial and related transactional services industry

Abstract

An Interchange Party Computer System (“IPCS”) comprising: a plurality of units of allocated resources, configured for a lender party, broker party, transaction party and/or investor party, each unit of allocated resources including one or more administrator user interfaces that allow a participating party to manage its allocated resources and define which of its users and which other participating parties may access its allocated resources and use elements thereof, wherein at least one of the allocated resources include database allocated resources that are managed by the participating party assigned the resources, the allocated resources for the database being accessible and usable by a participating party on terms defined by the participating party responsible for managing the database allocated resources wherein at least one of the allocated resources include at one or more modules selected from the group of: a Rate and Loan Program Module that includes means to define loan programs or search defined loan programs in a database, an Automated Underwriting Module, a Mortgage Pools Module; a File Status and Transaction Party Module, which includes means to do two or more of: assign tasks, present task status, control viewing of task status, assign viewing privileges, monitor satisfaction of lender conditions, and upload loan documentation that are managed by the participating party assigned the resources; the allocated resources for the selected modules being accessible and usable by a participating party on terms defined by the participating party responsible for managing the selected modules allocated resources.

Claims56

Dependent claims

A computer system comprising:

an interchange party computer system configured with a plurality of different units of resources for interchange of data and information between a plurality of categories of participating parties, each participating party having a selected role or service in a real estate transaction that comprises a real estate purchase or finance transaction, and the data and information being related to a transaction, the interchange party computer system being couplable over a computer network with a plurality of computer systems, each corresponding to a different category of the participating parties, the interchange party computer system being configured with executable code to control the interchange of the data and information via the networked computer systems;
a plurality of resource units stored on the computer system and comprising computer code and/or data in the nature of forms or templates related to the roles or services of a participating party;
and
executable code stored on the computer system for selectively allocating units of the resources to participating parties, who are then authorized by the interchange party computer system to control their respective allocated forms or templates and modify them according to built-in parameters according to the roles or services of a participating party.

1 more element

A method for facilitating collaboration in real estate transactions, comprising:

providing an interchange party computer system configured with a plurality of different units of resources for interchange of data and information between a plurality of participating parties, each participating party having a selected role or service in a real estate transaction that comprises a real estate purchase or finance transaction, and the data and information being related to a transaction, the interchange party computer system being coupled over a computer network with a plurality of computer systems, each corresponding to a different category of the participating parties, the interchange party computer system being configured with executable code to control the interchange of the data and information via the networked computer systems;
the interchange party computer system, according to the executable code, selecting from a plurality of resource units stored on the computer system and comprising computer code and/or data in the nature of forms or templates related to the roles or services of a participating party;
and allocating the selected resources to selected participating parties, who are then authorized to control them.

Dependencies are inferred from the claim text.

Computer system and method for networked interchange of data and information for members of the real estate financial and related transactional services industry

Life of this patent

Computer system and method for networked interchange of data and information for members of the real estate financial and related transactional services industry

Life of this patent

Abstract

Claims56