Sarah A Thomas

US Patent:

20190333142, Oct 31, 2019

Filed:

Apr 27, 2018

Appl. No.:

15/965789

Inventors:

Sarah Apsel THOMAS - San Diego CA, US

International Classification:

G06Q 40/02
G06F 17/30
G06Q 50/16
H04L 9/30

Abstract:

The systems and methods described herein related to a comprehensive blockchain-based tool configured to process applicant information and administer a mortgage via one or more blockchain-based smart contracts. For each applicant, a financial profile may be generated and maintained that includes at least user information and a credit score. Based on the financial profile of an applicant and loan qualification criteria obtained for each of a set of lenders, whether the applicant qualifies for a loan from each lender may be determined. A qualification response may be provided to the applicant indicating each lender from which the applicant may qualify for a loan. The one or more smart contracts may facilitate the loan approval process and administer the loan with minimal input from the lenders themselves. All information and/or documentation obtained may be recorded to the blockchain.