Gerald Allan Neel

US Patent:

20110125632, May 26, 2011

Filed:

Nov 23, 2010

Appl. No.:

12/953211

Inventors:

Gerald A. Neel - Irvine CA, US

Assignee:

MORTGAGESOFT CORPORATION - Irvine CA

International Classification:

G06Q 40/00

US Classification:

705 38

Abstract:

A consumer direct loan qualification system and method is accessed from a borrowers' computer system. The loan qualification system communicates with a server computer that hosts an automated underwriting entity. The automated underwriting entity is further coupled to a network of lender computers enabling a borrower to apply for mortgage financing by facilitating the qualification, underwriting and submission of loan application files directly to lenders.

US Patent:

20080140561, Jun 12, 2008

Filed:

Dec 8, 2006

Appl. No.:

11/636296

Inventors:

Gerald A. Neel - Anaheim CA, US

International Classification:

G06Q 40/00

US Classification:

705 38, 705 41

Abstract:

Immediate use of a borrower's loan proceeds is obtained by establishing a bank account in a lending institution, the account dedicated exclusively to a debit card program, executing a monetary lending proceeding resulting in availability of the loan proceeds to the borrower, issuing a first financial instrument representing a first portion of the loan proceeds, wherein use of funds represented by the first financial instrument is delayed over a time period of at least 72 hours; and issuing a second financial instrument representing a second portion of the loan proceeds, wherein use of funds represented by the second financial instrument is delayed over a time period of not more than three hours.