Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-06-10
2008-06-10
Poinvil, Frantzy (Department: 3692)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000
Reexamination Certificate
active
07386505
ABSTRACT:
A computer-based system and method, and a computer readable medium comprising software, for automatically determining whether a financial transaction, such as a mortgage loan must and does comply with relevant legislation. Stored business rules determine whether the financial transaction comply with relevant legislation using phraseology used by the relevant legislation. A knowledge base stores mappings of business rules corresponding to transaction objects representing the financial transaction. An application database includes the terms of the financial transaction and other information necessary to make compliance determinations. A natural language processor generates programming code comprised of programming concepts, which implements the business rules. A rule engine executes the programming code and maps the programming concepts to functions that are associated with a transaction object representing the financial transaction. An application server instantiates a transaction object representing the given financial transaction based on the stored terms of the financial transaction, executes functions are associated with the transaction objects so that the rule engine can make a compliance determination. The application server also outputs findings reports with the compliance determinations, including reasons for the finds that are stored in a reason test database.
REFERENCES:
patent: 6985886 (2006-01-01), Broadbent et al.
patent: 7016874 (2006-03-01), Rorimer
patent: 2001/0047326 (2001-11-01), Broadbent et al.
patent: 2002/0120642 (2002-08-01), Fetherston
LogicEase Solutions, Inc.
Poinvil Frantzy
Womble Carlyle Sandridge & Rice PLLC
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