Patent ID: 11875402
Assignee: BLP, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 16:
17. A system including one or more processors coupled to memory of a workstation, the memory loaded with computer instructions to including:
submitting an online application on behalf of a lender to a participation platform to participate in a loan participation marketplace, with consent for interview of at least one of applicant's executives and/or for performance of a background check, wherein
the loan participation marketplace includes at least 100 member lenders vetted and approved by a marketplace operator and
the loan participation marketplace makes available information about opportunities to participate in multi-million dollar commercial loans;

converting, by a combination of code implementing a graphic user interface at the one of the lenders and the participation platform, the online application from a non-standardized hardware and software platform into a standard fielded format for the member lenders in the loan participation marketplace and storing data from the lender's online application in the standard fielded format;
receiving electronic confirmation of enrollment of the lender in the loan participation marketplace;
submitting an electronic search query for participation opportunities posted by initiating lenders, wherein the participation opportunities are described in a standard fielded format with fields for at least geographic region, total loan amount, minimum participation amount, category of use of loan proceeds, and initiating lenders;
receiving query results of the electronic search query and facilitating scoring the participation opportunities amongst the query results whereby the query results may be organized by score;
submitting a request to the participation platform for additional information regarding at least one selected participation opportunity among the query results for which the lender is pre-authorized by an initiating lender to apply, supported by execution of a mutually acceptable confidentiality agreement and electronic confirmation of authority to execute the confidentiality agreement on behalf of the lender;
receiving the additional information wrapped in a digital security container via the participation platform regarding the selected participation opportunity;
causing display of at least part of the additional information;
submitting an electronic reservation request and commitment amount to the participation platform; and
receiving electronic notification of approval of the reservation request by the initiating lender.