- Patent Title: Systems and methods for communications regarding loan collateral
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Application No.: US14966234Application Date: 2015-12-11
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Publication No.: US10963958B1Publication Date: 2021-03-30
- Inventor: Annette M. Best , Donald Rosenthal , Ferdinand T. Wang , Gary M. Skinner , Adrienne B. Lyne
- Applicant: Federal Home Loan Mortgage Corporation (aka Freddie Mac)
- Applicant Address: US VA McLean
- Assignee: Federal Home Loan Mortgage Corporation (aka Freddie Mac)
- Current Assignee: Federal Home Loan Mortgage Corporation (aka Freddie Mac)
- Current Assignee Address: US VA McLean
- Agency: MH2 Technology Law Group, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/02 ; H04L29/08 ; H04W68/00

Abstract:
The present disclosure provides systems, methods, and products for assessing collateral data, including appraisal data, and providing timely notification of any problems or anomalies identified for the collateral. A central server may access collateral data from a remote data source, apply rules to the collateral data to detect problems, and then create a notification describing the problems. The central server may rapidly transmit the notification to remote computing devices that were registered by a lender, so that the lender may act quickly to remediate the problems. A collateral viewer application that interacts with the notifications may also be provided to lenders.
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