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Mortgage Patent

Mortgage loan customization system and process

A computerized mortgage loan system and process to enable borrowers to design mortgage loans that meet their particular individual needs and financial goals, and that can be adapted to fit changing needs and goals is provided. The loan requirements of the borrower are obtained and applied to a set of rules for combining loan product features. One or more loan recommendations are determined and presented to the borrower. The loan recommendations include customized combinations of loan features based on the loan requirements of the borrower and the rules.

Method for mortgage and closed end loan portfolio management


A method for mortgage and closed end loan portfolio management in the form of an analytic tool designed to improve analysis of past and future performance of loan portfolios. In accordance with one aspect thereof, the invention aggregates loan units into loan vintages, wherein the loans in each vintage originate within a predetermined time interval of one another. The invention compares different vintages to one another in a manner such that the ages of the loans in the different vintages are comparable to one another. An early warning component of the system predicts delinquency rates expected for a portfolio of loans during a forward looking time window.

Method and apparatus for a mortgage loan management system


The automated system of the present invention uses the Federal, State, local and professional regulations and requirements and implementing instructions to generate a plurality of tasks which can be used to control and drive the process of handling a mortgage loan application to completion and settlement in accordance with these regulations. Loan requestors may specify that the system will generate the plurality of required tasks, including tasks required by applicable federal and/or state law, provide the plurality of required tasks to the requester for his execution, and monitor the completion of all required tasks so as to provide a completion certificate to the requestor. Alternatively, loan requestors may specify that the automated system will generate the plurality of required tasks, including tasks required by applicable federal and/or state law, will manage and control the execution of the required tasks, and monitor the completion of all required tasks so as to provide a completion certificate to the requestor.

System and method for implementing a mortgage plan

A system and method for implementing a mortgage plan. Data is input to a computer system regarding the mortgage terms, and the computer system is used to prepare a mortgage document which creates an equity participation mortgage obligation in which the lender shares in a predetermined percentage of realized appreciation on the subsequent sale of the asset which is the subject of the mortgage. In a particularly preferred embodiment, this mortgage plan can provide the borrower with an interest-free loan, a faster amortization schedule, and a larger, yet more affordable mortgage. The lender also receives substantial benefits, including the potential for a return which exceeds conventional mortgage rate returns, insulation from risk against interest rate fluctuation, and preferred tax treatment in the form of capital gains tax rates paid only upon the subsequent sale of the mortgaged asset. No maturity date need be specified for the mortgage; rather, it may be tied to the ultimate sale of the asset subject to the mortgage.


Mortgage loan customization system and process

PAT. NO. Title
1 7,089,503 Mortgage loan customization system and process
2 7,020,631 Method for mortgage and closed end loan portfolio management
3 6,985,886 Method and apparatus for a mortgage loan management system
4 6,904,414 System and method for implementing a mortgage plan
5 6,904,412 Method and apparatus for a mortgage loan originator compliance engine
6 6,671,677 System and method for reducing mortgage interest rate and mortgage guaranty insurance premiums associated with a mortgage loan
7 6,345,262 System and method for implementing a mortgage plan
8 6,269,347 Method for calculation of a reduced interest mortgage payment plan
9 6,249,775 Method for mortgage and closed end loan portfolio management
10 6,070,151 System for the creation and collateralization of real estate mortgage investment conduit securities
11 6,012,047 Reverse mortgage processing system
12 5,995,947 Interactive mortgage and loan information and real-time trading system
13 5,983,206 Computer system and computer-implemented process for implementing a mortgage partnership
14 5,966,700 Management system for risk sharing of mortgage pools
15 5,689,649 System for operation of a combination mortgage, equity load and savings plan
16 5,673,402 Computer system for producing an illustration of an investment repaying a mortgage
17 4,876,648 System and method for implementing and administering a mortgage plan

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