Patent ID: 7742981
Filing Date: 2010-06-22
Classification: G06Q

Abstract:
1. A computer-implemented data processing system for processing loan information, comprising: a processor; a machine readable storage media; acquisition logic, the acquisition logic including logic configured to receive acquisition information pertaining to loan term, interest rate, principal owed and other parameters for a plurality of mortgage loans, the acquisition logic stored in the machine readable storage media and executed by the processor, the acquisition logic further including reporting logic, the reporting logic including logic configured to receive payment reporting information regarding borrower payments in connection with the plurality of mortgage loans, perform loan accounting in connection with the borrower payments, and generate accounting output, the reporting information being received on an ongoing basis throughout at least a portion of a term of each the plurality of mortgage loans, the reporting logic stored in the machine readable storage media and executed by the processor; financial asset generation logic, the financial asset generation logic including logic configured to facilitate creation and maintenance of a plurality of financial assets backed by the plurality of mortgage loans, the creation and maintenance of the plurality of financial assets resulting in the generation of investment information, the financial asset generation logic stored in the machine readable storage media and executed by the processor; and a rules engine, the rules engine comprising a series of business rules, wherein the rules engine processes the loan information by applying the business rules to loan information, and wherein the loan information includes the acquisition information, the reporting information, and the investment information, the rules engine stored in the machine readable storage media and executed by the processor; and user interface logic configured to provide an Internet-enabled interface to permit the seller to access the committing logic and to receive the commitments to sell the plurality of mortgage loans, the Internet-enabled interface including a plurality of web pages configured to prompt the seller through entering into and updating the commitments, the user interface logic stored in the machine readable storage media and executed by the processor, including