Invention Grant
- Patent Title: Continuously monitoring and updating mortgage ready data
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Application No.: US17168642Application Date: 2021-02-05
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Publication No.: US11776052B1Publication Date: 2023-10-03
- Inventor: Benjamin Tarmann , Richard R. Rhodes , Lokesh Awasthy , Denise DeRoeck , Jaime Skaggs , Jacob J. Alt , Shanna L. Phillips , Shyam Tummala , Matthew S. Meierotto , Richard D. Groonwald , Brian J. Hughes
- Applicant: State Farm Mutual Automobile Insurance Company
- Applicant Address: US IL Bloomington
- Assignee: State Farm Mutual Automobile Insurance Company
- Current Assignee: State Farm Mutual Automobile Insurance Company
- Current Assignee Address: US IL Bloomington
- Agency: Lee & Hayes, P.C.
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q40/03 ; G06Q50/16 ; H04L9/06 ; H04L9/00

Abstract:
A computer-implemented method of continuously updating information about a customer approved for a mortgage, the customer associated with a customer identification number. In one aspect, the method may include monitoring information accessed from a blockchain corresponding to the customer identification number, the information used to determine the customer is approved for a mortgage. In addition, the method may further include receiving new information about the customer, the new information used to determine the customer is approved for a mortgage. Further, the method may include updating a block of the blockchain to include the new information and recalculating the amount in which the customer is approved for a mortgage based upon the new information received.
Information query