Patent ID: 7765151
Filing Date: 2010-07-27
Classification: G06Q

Abstract:
1. A computer implemented data processing method comprising: identifying, at a computer server, a single mortgage loan for a sale of the single mortgage loan from a loan originator to a secondary mortgage market purchaser; calculating, at a computer server, a price for the identified single mortgage loan for the sale of the identified single mortgage loan from the loan originator to the secondary mortgage market purchaser, the price being for the identified single mortgage loan individually and not as part of an aggregation of loans, wherein the price is calculated prior to closing of the identified single mortgage loan based on mortgage loan application data for a borrower associated with the identified single mortgage loan, the mortgage loan application data including at least one of credit characteristics of the borrower and a loan-to-value ratio; generating, at the computer server, screen displays for presentation to an operator of a remote computer, the screen displays being transmitted from the computer server to the remote computer via a global computing network; causing, using the computer server, the price to be presented to the loan originator via the screen displays prior to closing the identified single mortgage loan; and receiving, at the computer server, operator input from the operator of the remote computer via the global computing network, the operator input including a commitment from the loan originator, based at least in part on the presented price, for the sale of the identified single mortgage loan to the secondary mortgage market purchaser.