Joan H Lynch

US Patent:

6901384, May 31, 2005

Filed:

Jan 7, 2002

Appl. No.:

10/040938

Inventors:

Joan Lynch - Jenkintown PA, US
John Howard McNair - Marlton NJ, US
Stephen John Polito - Sewell NJ, US
Roberto E. D'Urbano - Mt. Holly NJ, US
Milton Riseman - Radnor PA, US
William Kaiser - Maple Glen PA, US

Assignee:

American Home Credit, Inc. - Philadelphia PA

International Classification:

G06F017/60

US Classification:

705 38, 705 35, 705 36

Abstract:

An automated deal processing for customers is disclosed, and includes prompting a customer for at least one deal parameter, such as loan amount, prompting the customer for information relating to the customer, such as income and collateral offered by the customer, optionally accessing in real-time information relating to the credit history of the customer, applying a plurality of origination rules, such as exclusionary rules, pricing rules, risk rules, and edit preference rules, to the at least one deal parameter and the information relating to the customer, applying at least one strategy, such as compensation for risk, repair, or upsell, to the results of the application of the rules, generating at least one deal based on the accessing and applying of the strategy, and presenting the customer with the at least one option which may include a customer-preferred loan, a piggyback loan, a pre-qualification, or reduced term loan option,.

US Patent:

20060155639, Jul 13, 2006

Filed:

Jun 24, 2004

Appl. No.:

10/876379

Inventors:

Joan Lynch - Jenkintown PA, US
John McNair - Marlton NJ, US
Stephen Polito - Sewell NJ, US
Roberto D'Urbano - Mt. Holly NJ, US
Milton Riseman - Radnor PA, US
William Kaiser - Maple Glen PA, US

International Classification:

G06Q 40/00

US Classification:

705038000

Abstract:

A method of automatically generating, based on the preferences of a potential borrower as entered by a third party, multiple alternative loan proposals requested by the third party, are disclosed. The method of automatically generating, based on the preferences of a potential borrower as entered by a third party, multiple alternative loan proposals requested by the third party, includes the steps of prompting the third party for at least one loan parameter, requesting from the third party information relating to the potential borrower, accessing in substantially real time information relating to the credit history of the potential borrower, applying at least one loan origination rule to the at least one loan parameter and the information relating to the potential borrower, applying at least one strategy to at least one result of said applying at least one loan origination rule, generating at least two loan proposals in accordance with the at least one result of said applying at least one loan origination rule and said applying at least one strategy, wherein at least one loan proposal is automatically approved, and wherein each loan proposal includes a plurality of loan proposal factors, and presenting the third party with the at least two loan proposals for presentation to the potential borrower.

US Patent:

6823319, Nov 23, 2004

Filed:

Jun 3, 2000

Appl. No.:

09/586462

Inventors:

Joan Lynch - Jenkintown PA
John Howard McNair - Marlton NJ
Stephen John Polito - Sewell NJ
Roberto E. DUrbano - Mt. Holly NJ
Milton Riseman - Radnor PA
William Kaiser - Maple Glen PA

Assignee:

Home American Credit, Inc. - Philadelphia PA

International Classification:

G06F 1760

US Classification:

705 38, 705 39

Abstract:

An automated deal processing for customers is disclosed, and includes prompting a customer for at least one deal parameter, such as loan amount, prompting the customer for information relating to the customer, such as collateral offered by the customer, accessing in real-time information relating to the credit history of the customer, applying a plurality of origination rules, such as exclusionary rules, pricing rules, risk rules, and edit preference rules, to the at least one deal parameter and the information relating to the customer, applying at least one strategy, such as compensation for risk, repair, or upsell, to the results of the application of the rules, generating at least one deal based on the accessing and applying of the strategy, and presenting the customer with the at least one option. In a preferred embodiment, the automated process of deal structuring is based on the needs and/or the preferences of the customer.