System for generating and transmitting credit reports

Details System for generating and transmitting credit reports System for generating and transmitting credit reports

1991-01-03

1993-12-28

Envall, Jr., Roy N.

Boots, shoes, and leggings

364401, G06G 752

Patent

active

052745473

ABSTRACT:
Systems and methods for generating credit reports. The system includes a central data processing facility (also referred to as a data processor or host computer) which is connectable to the three national credit repositories dedicated data links. The central data processor requests credit information on an applicant from one or more of the repositories, generates a credit report, and transmits the report to the requesting user (i.e., customer). Requests and reports are transmitted via a communications system or network which includes: local telephone lines; Redi-Access; Accunet; and a dedicated, high speed, data transmission channel. If data is inputted from more than one repository, the central data processing facility eliminates duplicated data, selects the best data if there are conflicts, and merges the remaining data into a single report.

REFERENCES:
patent: 3719927 (1973-03-01), Michels et al.
patent: 5132899 (1992-07-01), Fox
Woods, "In-House Credit Reporting-Consider the Options", Credit World, vol. 79, No. 3, Jan./Feb. 1991, pp. 34-37.
Defendorf, "Loan officers now producing credit reports", San Francisco Business Times, vol. 1, Apr. 20, 1987, p. 23.
Credicheck IV software program product description, Magnum Communications Ltd., Atlanta GA, 1977.
McArthur, "In-House Options for Credit Retrieval", Bottomline, vol. 5, No. 7, Jul. 1988, pp. 20-24.
"Title search service puts attorneys on-line", Computerworld, Apr. 24, 1989, p. 68.
"Credit reports generated at low cost", Computers in Banking, vol. 6, No. 2, Feb. 1989, p. 23.
Charlet, "Every Lender's Wish: Quick, Easy, Correct Credit Reports", Mortgage Banking, vol. 48, No. 6, Mar. 1988, pp., 85-92.
Monk et al., "Accessing credit bureau files with a PC", Computers in Banking, vol. 6, No. 4, Apr. 1988, pp. 66, 68.

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