Patent ID: 7761356
Filing Date: 2010-07-20
Classification: G06Q

Abstract:
1. A computer-implemented method comprising: storing, in memory, information regarding a plurality of loan applications from a plurality of applicants, received at an origination entity of a financial institution comprising the origination entity and a distribution entity; transmitting, by a processor connected to the memory, at least some of the information for each of the plurality of loan applications to an underwriting entity for evaluation, wherein the underwriting entity approves at least some of the plurality of loan applications to create a plurality of approved loan applications and denies at least some of the plurality of loan applications to create a plurality of denied loan applications; transmitting, by the processor, at least some of the information for each of the denied loan applications to the distribution entity, wherein the distribution entity determines whether each denied loan application is acceptable for syndication and whether each denied loan application is acceptable for securitization; and receiving, at the processor, at least one message comprising an indication of whether a first of the denied loan applications is acceptable for syndication, acceptable for securitization, acceptable for both syndication and securitization, or not acceptable for syndication or securitization, wherein when the first denied loan application is acceptable for both syndication and securitization, the at least one message further comprises an indication of an optimum distribution mechanism determined by the distribution entity for the loan application selected from syndication or securitization, and wherein a first loan resulting from the first loan application is distributed according to the optimum distribution mechanism; wherein the distribution entity comprises a syndication management entity and a securitization management entity, further comprising: providing, by the processor, a forum for competitive bidding between the syndication management entity and the securitization management entity, for each of the plurality of denied loan applications, wherein when the processor receives a bid from the syndication management entity for the first denied loan application, the first application is acceptable for syndication, wherein when the processor receives a bid from the securitization management entity for the first denied loan application, the first application is acceptable for securitization, and wherein the optimum distribution mechanism is determined based on a winner of the competitive bidding between the syndication management entity and the securitization management entity.