Kerry Ann Williams

US Patent:

20110016042, Jan 20, 2011

Filed:

Mar 18, 2009

Appl. No.:

12/933073

Inventors:

Soogyung Cho - New York NY, US
Matt R. Schwab - McKinney TX, US
Kerry Lee Williams - Irvine CA, US

Assignee:

EXPERIAN INFORMATION SOLUTIONS, INC. - Costa Mesa CA

International Classification:

G06Q 40/00

US Classification:

705 38

Abstract:

Embodiments of the disclosure are directed to providing unique loan identifiers to track loans involved in Asset-Backed Securities (ABS) throughout the life-cycle of the individual loans, in one embodiment, a unique loan identifier, for example, a loan number, may be appended to loan data at initiation of each loan, for example, at the application stage, to and/or beyond the retirement of the loan. The unique loan identifiers may allow disparate financial data sources such as the credit histories of the borrowers to be associated with the individual loans, even as the loans are repackaged and resold as ABS in the secondary markets. Thus, market participants such as loan servicers and investors can access current and historical data associated with the loans. Other embodiments are directed to analyzing the data associated with the underlying loans and providing the analysis to the market participants including servicers, investors, and underwriters.