Patent ID: 7076462
Filing Date: 2006-07-11
Classification: G06Q

Abstract:
1. A method for loan application and credit correction comprising: assembling and scanning supporting documents from a borrower for a loan to create an electronic copy of the supporting documents; completing an electronic loan application form on a loan application terminal, the loan application terminal connected to a loan application server; requesting a credit report via the loan application terminal; receiving the credit report comprising credit references and parsing the credit references in a user-configurable manner; creating a loan package comprising the electronic loan form, the credit report, and the electronic copy of the supporting documents; and submitting the loan package electronically to a plurality of lenders; further comprising: the borrower deciding to dispute a credit reference; the borrower designating electronically those credit references to be disputed; the borrower designating to the loan application server electronically the reason for disputing the credit reference; and the loan application server automatically generating a dispute communication relating to the credit reference.