Patent ID: 8346657
Filing Date: 2013-01-01
Classification: G06Q

Abstract:
1. A computer-implemented method of providing a mortgage reversal option for a military service member, the method comprising: providing, on a computing system, an application for a mortgage, including a deployment mortgage reversal option, to a military service member; receiving, on the computing system, a completed application including the deployment mortgage reversal option; receiving, on the computing system, a first electronic communication comprising a deployment notification regarding deployment of the mortgage-holding military service member; suspending, with the computing system, a payment of principal and interest on the mortgage upon receiving the first electronic communication comprising the deployment notification; distributing, with the computing system, funds to a family member of the mortgage-holding military service member during deployment of the military service member, the funds being distributed from the deployment mortgage reversal option; continuing to pay, with the computing system, funds to an escrow of the mortgage; and automatically terminating, with the computing system, the deployment mortgage reversal option based on a termination of the deployment of the military service member.