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US 8,914,307 B2Granted
Processing loan transactions
AssigneeBank of America Corporation
InventorsTwila Dawn East, Heather Leigh Holeman, Matthew John Rossi, Juanita Long Sheppard
Life of this patent
Estimating the term…
Abstract
A method includes receiving, at a client access module, a request from a client to process a loan transaction, wherein the request is associated with a particular loan system. The method also includes determining, by a processor, the particular loan system associated with the request, determining one or more rules associated with the request and a selected one of the client access module and the particular loan system, and applying, by the processor, the one or more determined rules to the request using the account information.
Claims26
A method, comprising:
- receiving, at a client access module, a request from a client to process a loan transaction, wherein the request is to make a payment or receive loan funds through the client access module and comprises account information and is associated with a particular loan system, wherein the client access module is configured to receive requests to make payments and receive loan funds;
- determining, by a processor, the particular loan system associated with the request;
- determining one or more rules associated with the request and a selected one of the client access module and the particular loan system, the rules associated with a prepayment penalty when making the payment or receiving the loan funds through the client access module;
- applying, by the processor, the one or more determined rules to the request using the account information;
- based on the rules, determining, by the processor, whether the request is granted or preliminarily denied;
- based on a determination that the request is preliminarily denied, performing the following:
- transmitting a first message that causes first information to be displayed to the client via the client access module indicating that the request is being further processed while not indicating the determination of preliminary denial of the request;
- transmitting a second message to a reviewer requesting review of the preliminary denial;
- and
- upon receiving a third message from the reviewer that the preliminary denial is overruled, transmitting a fourth message that causes second information to be displayed to the client via the client access module indicating that the request is granted.
7 more elements
A non-transitory computer readable medium comprising logic, the logic, when executed by a processor, operable to:
- receive, at a client access module, a request from a client to process a loan transaction, wherein the request is to make a payment or receive loan funds through the client access module and comprises account information and is associated with a particular loan system, wherein the client access module is configured to receive requests to make payments and receive loan funds;
- determine, by a processor, the particular loan system associated with the request;
- determine one or more rules associated with the request and a selected one of the client access module and the particular loan system, the rules associated with a prepayment penalty when making the payment or receiving the loan funds through the client access module;
- apply, by the processor, the one or more determined rules to the request using the account information;
- based on the rules, determine, by the processor, whether the request is granted or preliminarily denied;
- based on a determination that the request is preliminarily denied, perform the following:
- transmit a first message that causes first information to be displayed to the client via the client access module indicating that the request is being further processed while not indicating the determination of preliminary denial of the request;
- transmit a second message to a reviewer requesting review of the preliminary denial;
- and
- upon receiving a third message from the reviewer that the preliminary denial is overruled, transmit a fourth message that causes second information to be displayed to the client via the client access module indicating that the request is granted.
7 more elements
An apparatus, comprising:
- an interface operable to receive, at a client access module, a request from a client to process a loan transaction, wherein the request is to make a payment or receive loan funds through the client access module and comprises account information and is associated with a particular loan system, wherein the client access module is configured to receive requests to make payments and receive loan funds;
- and
- a processor operable to:
- determine the particular loan system associated with the request;
- determine one or more rules associated with the request and a selected one of the client access module and the particular loan system, the rules associated with a prepayment penalty when making the payment or receiving the loan funds through the client access module;
- apply the one or more determined rules to the request using the account information;
- based on the rules, determine, by the processor, whether the request is granted or preliminarily denied;
- based on a determination that the request is preliminarily denied, perform the following:
- transmit a first message that causes first information to be displayed to the client via the client access module indicating that the request is being further processed while not indicating the determination of preliminary denial of the request;
- transmit a second message to a reviewer requesting review of the preliminary denial;
- and
- upon receiving a third message from the reviewer that the preliminary denial is overruled, transmit a fourth message that causes second information to be displayed to the client via the client access module indicating that the request is granted.
9 more elements
A system, comprising:
- means for receiving, at a client access module, a request from a client to process a loan transaction, wherein the request is to make a payment or receive loan funds through the client access module and comprises account information and is associated with a particular loan system, wherein the client access module is configured to receive requests to make payments and receive loan funds;
- means for determining, by a processor, the particular loan system associated with the request;
- means for determining one or more rules associated with the request and a selected one of the client access module and the particular loan system, the rules associated with a prepayment penalty when making the payment or receiving the loan funds through the client access module;
- means for applying, by the processor, the one or more determined rules to the request using the account information;
- based on the rules, means for determining, by the processor, whether the request is granted or preliminarily denied;
- based on a determination that the request is preliminarily denied, means performing the following:
- transmitting a first message that causes first information to be displayed to the client via the client access module indicating that the request is being further processed while not indicating the determination of preliminary denial of the request;
- transmitting a second message to a reviewer requesting review of the preliminary denial;
- and
- upon receiving a third message from the reviewer that the preliminary denial is overruled, transmitting a fourth message that causes second information to be displayed to the client via the client access module indicating that the request is granted.
7 more elements
Dependencies are inferred from the claim text.