Patent ID: 7440921
Filing Date: 2008-10-21
Classification: G06Q

Abstract:
1. A computer-implemented method for making a preliminary evaluation of a probability an investor will approve a real estate transaction comprising the steps of: receiving at a server computer identifying information from a customer comprising a product type, collateral type, and geographic market; storing the identifying information received from the customer in a database for access by an investor connected to the server; providing to the investor connected to the server computer, scope and market hurdle information from a data source connected to the server computer; selecting by the investor from the provided scope and market hurdle information, desired scope and market hurdle information for evaluation of a real estate transaction; transmitting the investor selected scope and market hurdle information to the server computer; correlating at the server computer the stored identifying information to the investor selected scope and market hurdle information; comparing at the server computer the correlated identifying information of the customer to the relevant scope and market hurdle data selected by the investor to determine whether the identifying information is acceptable; if the identifying information is acceptable, prompting the customer for product specific information, and receiving at the server computer, the product specific information from the customer comprising at least an amount of the product, a term of the product, a fee associated with the product, a collateral age, and a collateral income, where the product specific information is related to the identifying information; determining the probability that a real estate transaction will be approved based on the received product specific information; and presenting the probability for the preliminary evaluation of the real estate transaction.