Patent ID: 8788406
Filing Date: 2014-07-22
Classification: G06Q

Abstract:
1. A computer-based method for automatically providing a loan offer to a customer, the computer-based method comprising: receiving, by a loan offer computer system from an insurance processing computer system, an indication of a total loss event for property insured by an insurance policy based on an insurance claim regarding the property; accessing, by the loan offer computer system from the insurance processing computer system, an amount of customer compensation from the insurance policy for the total loss event for the insured property; determining, by the loan offer computer system, a loan amount based on a replacement price for the insured property and the customer compensation from the insurance policy for the total loss event for the insured property; collecting, by the loan offer computer system from a data source residing on the insurance processing computer system and including customer-specific data, customer-specific prequalification data for the customer; collecting, by the loan offer computer system from a computer system storing credit data for multiple people, credit data associated with the customer's credit; determining, by the loan offer computer system, whether to prequalify the customer for a property replacement loan of the determined loan amount based at least on (a) the collected customer-specific prequalification data for the customer and (b) the collected credit data associated with the customer's credit; and in response to a determination to prequalify the customer for a property replacement loan of the determined loan amount, communicating, by the loan offer computer system to the customer, an offer for the property replacement loan of the determined loan amount.