Method and system for mortgage exchange

A method for electronically facilitating a loan transaction via a computer comprising at least one processor and memory operatively coupled to the at least one processor, the method comprising:

• a. receiving data associated with a plurality of loan products;
• b. receiving data associated with a borrower;
• c. generating, via the at least one processor, a decision matrix for the borrower comprising a combination of the borrower data and the plurality of loan product data to provide an accurate description of the borrower's qualification for specific loan products from the received plurality of loan products;
• d. automatically performing credit management, via the at least one processor, to determine whether changing certain borrower data would cause the decision matrix to change resulting in the borrower's approval of at least one more advantageous loan product from the received plurality of loan products;
• e. generating, via the at least one processor, a list of loan products the borrower is approved for based on information from the decision matrix;
• f. presenting, via the at least one processor, based on the credit management step, the at least one borrower data element that must change to receive the at least one more advantageous loan product from the received plurality of loan products.

A system for electronically facilitating a loan transaction via a computer comprising:

• a. at least one processor,
• b. memory operatively coupled to the at least one processor,
• c. at least one user interface operatively coupled to the at least one processor;
• and
• d. a data repository stored in the memory and accessible by the at least one processor,
• wherein the at least one processor is configured to:
• i. retrieve data associated with a plurality of loan products from the data repository;
• ii. receiving data, via the at least one user interface, associated with a borrower;
• iii. generate a decision matrix for the borrower comprising a combination of the received borrower data and the plurality of loan product data to provide an accurate description of the borrower's qualification for specific loan products from the retrieved plurality of loan products;
• iv. automatically perform credit management to determine whether changing at least one borrower data element causes the decision matrix to change resulting in the borrower's approval of at least one more advantageous loan product from the plurality of loan products;
• v. generate a first list of loan products the borrower is approved for based on information from the decision matrix and the at least one more advantageous loan product that the borrower would be approved for if the borrower accepted the at least one proposed change to the borrower data elements;
• vi. presenting, on the at least one user interface, one of
• the first list of approved loan products;
• the at least one borrower data element that can change to receive the at least one more advantageous loan product;
• and
• the at least one more advantageous loan product associated with the at least one borrower data element change.