Patent ID: 7783562
Filing Date: 2010-08-24
Classification: G06Q

Abstract:
1. A computer implemented method for obtaining an estimated financial outcome for a pool of loans comprising: using at least one computing device configured to run executable code, the at least one computing device in communication with a memory storage including the executable code, the executable code comprising instructions for performing the method of: obtaining an estimated value for a property associated with a loan from the pool; obtaining an estimated net proceeds amount from a sale of the property associated with the loan; obtaining an estimated liquidation time between a last interest paid date for the loan and a receipt of the estimated net proceeds from the sale of the property after a foreclosure of the loan, the last interest paid date being the last date that a payment was received on the loan before entering foreclosure, wherein the operation of obtaining the estimated liquidation time includes applying a liquidation time value decision tree, wherein the liquidation time value decision tree includes a plurality of time factors that account for the time associated with events that effect the liquidation time for the loan, the application of the liquidation time value decision tree including summing each time factor applicable to the loan; obtaining an estimated total debt amount for the loan, the estimated total debt including adding an outstanding balance on the loan with an interest advance total since the last interest paid date, the interest advance total being an interest rate for the loan multiplied by an outstanding principle balance on the loan multiplied by the estimated liquidation time; deriving a difference between the estimated net proceeds and the estimated total debt to yield an estimated financial outcome from the sale of the property associated with the loan; executing the preceding operations of obtaining an estimated value, obtaining an estimated net proceeds, obtaining an estimated liquidation time, obtaining an estimated total debt, and deriving the difference for a plurality of additional loans from the pool of loans; and applying the estimated financial outcome from the sale of the property associated with the loan and the plurality of additional loans to yield the estimated financial outcome for the pool.