Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-07-11
2006-07-11
Poinvil, Frantzy (Department: 3628)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S038000
Reexamination Certificate
active
07076462
ABSTRACT:
A system and method for the correction of credit information and for submitting loan documents. A borrower and/or loan facilitator completes loan documents in an electronic fashion and submits the information over the internet to the systems server of the present invention. The server then acquires credit information and parses the information into a database for subsequent manipulation by the user in any desired fashion. The system also allows for electronic versions of supporting documentation to be assembled electronically with the loan documents so that the loan pack can be a complete electronic version with supporting documents, for presentations to a plurality of lenders. The lenders then respond to the server with their offers and the server presents the offers to the borrower. Thus by bidding on the borrower's loan requirements the lenders provide the most cost effective package to the borrower.
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patent: 5940812 (1999-08-01), Tengel et al.
patent: 2003/0081824 (2003-05-01), Mennie et al.
Novastar Financial, Inc. Announces On-Line Automated Loan Origination and Approval as Fannie Mae Seller/Servicer. Jun. 16, 1999.
http://www.ique.com/software.htm (1998 Archive).
http://www.e-novastar.com/.
FCIC: How to Dispute Credit Report Errors (Federal Trade Commision) Mar. 1999.
Darcey Kevin M.
Nelson Joseph E.
Chencinski Siegfried E.
Poinvil Frantzy
Roberts Mardula & Wertheim LLC
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