Invention Grant
- Patent Title: Method and system for pricing forward commitments for mortgage loans and for buying committed loans
- Patent Title (中): 定价抵押贷款和购买承诺贷款远期承诺的方法和制度
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Application No.: US13620451Application Date: 2012-09-14
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Publication No.: US08671052B1Publication Date: 2014-03-11
- Inventor: Donald R. Palumbo , Leslie D. Holmes
- Applicant: Donald R. Palumbo , Leslie D. Holmes
- Applicant Address: US DC Washington
- Assignee: Fannie Mae
- Current Assignee: Fannie Mae
- Current Assignee Address: US DC Washington
- Agency: Foley & Lardner LLP
- Main IPC: G06Q40/02
- IPC: G06Q40/02 ; G06Q40/08 ; G06Q40/00 ; G06Q30/02 ; G06Q30/06 ; G06Q20/04 ; G06Q20/10
Abstract:
A method for managing best efforts forward commitments for loans to be sold by a lender, where each loan has loan level data and the best efforts forward commitments have commitment data includes determining a price for the best efforts commitment based on at least the loan level data and tracking the loan level data for each loan. Upon identifying a change to the loan level data, the loan level data and the commitment data including the price is updated based on the change.
Information query
