Michael L Hartman

US Patent:

20200402162, Dec 24, 2020

Filed:

Jun 18, 2020

Appl. No.:

16/905740

Inventors:

- New York NY, US
Claimonte NELSON - Millstone Township NJ, US
Dennis BOWERS - Middletown DE, US
Michael S. HARTMAN - Wilmington DE, US
Steven Noel ROTH - Ridgewood NJ, US
Jagan DEVISETTY - Newark DE, US
Nagesh CHALASANI - Frisco TX, US
Jason J. KIM - Wyckoff NJ, US
Marianna DULKINA - Columbus OH, US
Suzanne DIMANT - Dumont NJ, US
Vakul GARG - Lutz FL, US
Ajit NALLA - Landenberg PA, US
Daniel A. HAAS - Wilmington DE, US
James HENNESSEY - Chadds Ford PA, US
Keith REICHENBACH - Mullica Hill NJ, US
Richard S. BUNKE - Toughkenamon PA, US
Seth GOLDKRANTZ - Phoenix AZ, US
Stephani L. BREAULT - Chandler AZ, US
Steven ALLER - West Chester PA, US
Vidyasankar NARAYANAN - New Castle DE, US
Wade A. STRATTON - Morgantown PA, US
Maggie Evans - New York NY, US

International Classification:

G06Q 40/02
G06Q 30/02

Abstract:

A method for presenting pre-approved and pre-underwritten offers to a customer may include: receiving targeting criteria based on at least one of current accounts with the financial institution, assets, creditworthiness, and credit risk for an offer for a financial product; identifying a target population of customers for the offer by applying the targeting criteria to a population of customers; reviewing each customer in the target population for underwriting for the financial product based on inferred income for each customer and accounts that each customer has with the financial institution, wherein the underwriting is performed before the financial product is offered; determining a channel to present the offer to one of the customers that passed underwriting; communicating the offer to the customer over the selected channel; and providing an accepted offer to a fulfilment engine, wherein the fulfilment engine initiates an account opening for the financial product.