US 8,433,650 B1Granted

Computerized process to, for example, automate the home sale, mortgage loan financing and settlement process, and the home mortgage loan refinancing and settlement processes

OwnerNeil Thomasinventor

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Abstract

In some embodiments, a comprehensive computer system and method (See FIGS. 1, 1a, 2) for automating and facilitating the performing and processing of tasks, information transfer, and information storage associated with the home sale (See FIG. 3a), mortgage origination (See FIG. 3b), and settlement process (See FIG. 3c), and the home mortgage refinancing origination and settlement process (See FIGS. 1b, 1c, 2a) (or performing other business processes), over a distributed computing network are disclosed. One aspect of the invention is a greatly simplified process for a home buyer to search for a home and simultaneously receive accurate and competitive bids for mortgages and services from multiple lenders and service providers. The process includes an automated underwriting process which generates complete, accurate information on the costs of buying and owning a home at very beginning of the home buying process. Another aspect of the invention is greatly automating the entire sale, loan and settlement process.

Claims22

Dependent claims

A computer implemented method comprising the steps of:

maintaining one or more first computing processors, in communication with a real estate information system over a computing network, capable of executing programming instructions including:
receiving, including at least in part from a real estate buyer computing device comprising one or more computing processors able to at least receive, display and send information in communication with said real estate information system over said computing network, one or more first request for information comprising one or more request for real estate information comprising at least one time a desired price or price range, and;
returning at least one time in real time or near real time:
one or more real estate pricing information matching said desired price or price range retrieved from a source of real estate information for sale from a plurality of real estate sellers;
and
one or more first loan information including loan pricing information generated in real time or near real time at least in part from:
at least one said matching real estate pricing information, and a source of loan information including loan pricing information comprising one or more:
loan information from at least one lender of a plurality of lenders and a plurality of loan types or loan programs;
said source loan information being upon which said lender and said plurality of lenders are willing to make loans;
at least a portion of said matching real estate pricing information and at least a portion of said first generated loan information including loan pricing information being one or more returned to and maintained by said computing device processors for one or more use and display together at least one time in real time or near real time;
and sending at least to said real estate buyer computing device processors one or more:
second information and a second generated loan information including loan pricing information generated at least in part from said second information at least one time in real time or near real time whenever said system receives or generates said second information.

9 more elements

A method for providing information to a real estate information system over a computing network comprising the steps of:

maintaining a first computing processor in communication with the computing network;
sending to the computing network including to one or more second computing processors in communication with the computing network one or more:
real estate information including real estate pricing information for sale from at least one seller of a plurality real estate sellers;
loan information including loan pricing information comprising one or more:
loan information including loan pricing information from at least one lender of a plurality of lenders, and a plurality of loan types or loan programs;
said loan information being upon which said at least one lender and said plurality of lenders are willing to make loans;
and
information to buy or own real estate;
wherein said second computing processors receive a first request for information comprising a request for real estate information including desired real estate price or price range at least in part from a real estate buyer computing device processor in communication with the computing network, and return at least to said buyer computing device processor in real time or near real time:
at least one said real estate information including real estate pricing information, at least one said loan information including loan pricing information, and at least one said information to buy or own real estate;
such that at least one said returned real estate information including real estate pricing information matching said desired real estate price or price range, at least one said returned loan information including loan pricing information generated in real time or near real time from said matching real estate price information, and at least one said returned information to buy or own real estate are one or more returned to and maintained by said real estate buyer computing device processor for use together at least one time in real time or near real time on said real estate buyer computing device;
and
sending at least one time in real time or near real time one or more:
second real estate information, second loan information including loan pricing information, and second information to buy or own real estate at least one time whenever said system or said second computing processors receive or generate a second information;
while said second computing processors return at least to said real estate buyer computing device processor at least one time in real time or near real time at least one or more:
said second information and a second generated loan information including loan pricing information generated at least in part from one or more:
said second information, said second real estate information, said second loan information including loan pricing information, and said second information to buy or own real estate.

14 more elements

A computerized method comprising the steps of:

maintaining a first computing processor in communication with a computing network;
receiving a request for real estate information comprising a desired price from a real estate buyer computing device processor in communication with the network;
returning in real time or near real time a real estate pricing information matching said desired price retrieved from a source of real estate information for sale from a plurality of real estate sellers;
receiving at least in part from said real estate buyer computing device processor a request for loan information comprising one or more:
at least one said matching real estate pricing information and at least one or more:
real estate buyer down payment, income, debt information, and an information at least sufficient to identify said real estate buyer to obtain a credit report or credit score or to determine the credit worthiness of said real estate buyer;
and
returning in real time or near real time a loan pricing information calculated by a second processor, in communication with said network, able to execute at least one loan underwriting programming instruction in real time or near real time, from at least:
a loan information from a source of loan information in communication with the network comprising one or more:
loan information upon which a plurality of lenders are willing to make loans and a plurality of loan types or loan programs upon which one or more lenders are willing to make loans;
and one or more:
said at least one matching real estate pricing information and said real estate buyer information;
such that said at least one matching real estate pricing information and said calculated loan pricing information are available for use or display together at least one time in real time or near real time by said computing device processor;
and
and sending at least to said real estate buyer computing device processor one or more:
second information and a second calculated loan pricing information calculated by the second processor at least a portion of said second information at least one time in real time or near real time whenever said system receives or generates said second information;
said second calculated loan pricing information being upon which at least one said lender is willing to make a loan on said at least one matching real estate pricing information, all said real estate buyer information, and said calculated portion of said second information.

14 more elements

A computer system comprising:

a computing network;
one or more first computing processors in communication with said computing network;
said first computing processors able to execute programming instructions to at least:
receive, at least in part from a real estate buyer computing device processor in communication with said computing network, a first request for information including a request for real estate information comprising a desired price or price range;
return, for use by said real estate buyer computing device processor at least one time in real time or near real time with receiving said first request, a real estate pricing information matching said desired price or price range and a first loan pricing information generated in real time or near real time from said matching real estate pricing information;
and,
return one or more second information and second loan pricing information generated from at least one said matching real estate pricing information and said second information, at least one time in real time or near real time whenever said system one or more receives and generates said second information;
said matching real estate pricing information received by said first computing processors at least from one or more sources of real estate information for sale from a plurality of real estate sellers in communication with said computing network;
and
said generated loan pricing information received by said first computing processors at least from:
one or more sources of loan information including loan pricing information, in communication with said computing network, comprising one or more:
loan information from at least one lender of a plurality of lenders and a plurality of loan types or loan programs;
said sources of loan information being upon which said at least one lender and said plurality of lenders offer to make loans;
and
a second computing processor capable of executing one or more programming instructions to calculate said generated loan pricing information from one or more of said:
sources of loan information including loan pricing information;
matching real estate pricing information;
and second information if any.

15 more elements

Dependencies are inferred from the claim text.

Facts

Application: 12/457,598Filed 16 Jun 2009 · continuation in part
Priority: 21 Oct 2003
Granted: 30 Apr 2013
Term ends: Not estimatedThe source records don’t support an estimate.

Classification6 codes

G06Q 10/06
Administration; Management: resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation…
G06Q 10/10
Administration; Management: office automation; Time management
G06Q 30/06
Commerce: buying, selling or leasing transactions
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance

Family

Application60/512,776Us provisional application · filed 21 Oct 2003
Application10/969,242Parent of this continuation · filed 21 Oct 2004
Application10/979,822Parent of this continuation-in-part · filed 3 Nov 2004
Application11/881,360Parent of this continuation-in-part · filed 26 Jul 2007
US 7,548,884 B1Parent of this continuation-in-part
Application10/979,822Parent of this continuation
US 8,433,650 B1This patent

From the US filing history. Foreign family members aren’t listed.