System and method for implementing and administering a mortgage

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364400, G06F 1500, G06G 752

Patent

active

048766488

ABSTRACT:
A computerized mortgage implementing system includes a central service computer, which helps establish and maintain mortgage plans based upon mortgages at least partially collateralized by investment vehicles. Both a plurality of groups of investment vehicle information and mortgage information are stored in the service computer. Borrower information is entered in the service computer when a mortgage plan is to be established. An individual one of the groups of investment information is selected. A desired amount of the investment funding is determined for helping repay a mortgage plan. Mortgage implementing information is generated for a given mortgage plan, and is sent to a mortgage lender computer to facilitate the establishment of the mortgage plan.

REFERENCES:
patent: 4346442 (1982-08-01), Musmanno
patent: 4742457 (1988-05-01), Leon
patent: 4752877 (1988-06-01), Roberts
H. M. B., "Software Packages Assist Diverse Needs of Bond Portfolio Managers", Wall Street Review, Jun. 1985 pp. 61-65.

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