Patent ID: 8666882
Filing Date: 2014-03-04
Classification: G06Q

Abstract:
1. A computerized method for foreclosures processing including capping, wherein capping is setting a maximum number of foreclosures; comprising: displaying a cap-setting command panel that displays “enter monthly cap on foreclosures” text near a box that can receive as user input zero and any whole number; receiving a set of data via the cap-setting command panel including receiving a whole-number cap set by the user; based on a received data set, updating a set of Cap Instructions to provide a current set of Cap Instructions including the whole-number cap; receiving, through a data intake mode, a set of data for a to-be-foreclosed property which is a target property, wherein the step of receiving data for the target property comprises receiving an identity of a servicer that submitted the record; receiving an identity of a loan owner on the mortgage for which the servicer submitted the record; receiving an indication of whether there is an FHA insurance interest for the target property; and receiving an indoors square footage of the target property; processing the received set of data for the target property according to the current set of Cap Instructions, wherein each displaying, data-receiving, updating and processing step is performed by a computer.