Heather L Graham

US Patent:

20060069640, Mar 30, 2006

Filed:

Sep 21, 2005

Appl. No.:

11/230549

Inventors:

Vicki Fitzgerald - Fishers IN, US
Tamara Gilbert - Fishers IN, US
Julie Nevitt - Noblesville IN, US
Amy Perry - Pendleton IN, US
Janet Sorg - Fishers IN, US
Colleen Watson - Fishers IN, US
Michelle Ancil - Noblesville IN, US
Tracy Kamleiter - Shelleyville IN, US
Janet Mikeworth - Mooresville IN, US
Jim Rang - Noblesville IN, US
Diane Capps - Indianapolis IN, US
Tony Marichal - Carmel IN, US
Chris Thieman - Noblesville IN, US
Heather Graham - Fortville IN, US
Stacy Gibson - Westfield IN, US
Keith D'Ambra - Carmel IN, US
John Pittman - Greenwood IN, US
Robert Autor - Carmel IN, US
Chester Gorski - Carmel IN, US

International Classification:

G06Q 40/00

US Classification:

705038000

Abstract:

The present invention provides a computer-based system and method for providing processing loan consolidation applications. The method includes accepting a consolidation application from a borrower, the consolidation application containing information about a borrower and underlying loans to be consolidated. The application is validated to determine that the consolidation application is complete. Payoff information is obtained for the underlying loans and a disbursement date for the consolidated loan is set based on the payoff information. The lender of the consolidation loan is automatically determined. Funding to payoff the underlying loans is requested from the lender. The underlying loans are consolidated into the consolidated loan and payment information is received regarding the payoff of the underlying loans.