Patent ID: 8090633
Filing Date: 2012-01-03
Classification: G06Q

Abstract:
1. A method for disbursing loan funds, the method comprising the steps of: receiving into a computerized device, digital data indicative of a value of a property in a first state and in a second state, wherein the second state comprises a state after completion of one or more specified conditions precedent related to the property, wherein at least the value of the property in the first condition is based upon electronic image data; indicating in the computerized device a first loan amount secured by the property and based upon the first value of the property; receiving digital image data of a portion of the property associated with completion of one or more of the specified conditions and a geospatial designation of a place of capture of the image, wherein the geospatial designation comprises a latitude and longitude value; indicating in the computerized device a schedule of one or more disbursements of funds correlating with the one or more conditions precedent related to the property and receipt of the digital image data quantifying the completion of the one or more specified conditions; and recording in the computerized device a disbursement of the first loan amount.