Patent ID: 8095458
Filing Date: 2012-01-10
Classification: G06Q

Abstract:
1. A method of matching a loan consumer with lenders via the Internet, the method comprising: a) receiving, at a computer system having computer-readable data storage containing a first database, a second database, and an internally specified filter, application information from the loan consumer; b) storing the application information in the first database; c) applying the internally specified filter to the application information to determine if the loan consumer meets a set of internally specified loan criteria; d) submitting, via the computer system, a subset of the application information to a credit bureau; e) receiving, at the computer system from the credit bureau, a credit report based on the subset of the application information submitted to the credit bureau; f) executing a logic-engine of the computer system to match the application information and credit report to one or more lenders in the second database; g) transmitting, via the computer system, a query to a lender of the one or more matched lenders; h) receiving, via the computer system, a response from the lender based on the query; i)repeating steps g and h, after said receiving of the response, so as to query any remaining lenders matched; j) presenting to the loan consumer only lenders who responded with an approval, wherein a plurality of lenders approve the loan consumer and offer a loan to the loan consumer; k) storing a loan consumer decision based on said presenting step; l) receiving, at the computer system, a selection of one of the offered loans; and m) after receiving the selection of one of the offered loads, deactivating any other loan offered to the loan consumer.