Patent ID: 8341073
Filing Date: 2012-12-25
Classification: G06Q

Abstract:
1. In a computer automated system comprising a processing unit and a memory element having instructions encoded thereon, a method for searching from a plurality of available loan products with associated interest rate pricing, wherein the searching is based on input consumer criteria, the method comprising: creating, organizing, and updating a centralized and searchable lender database or databases comprised of a plurality of lending institutions' underwriting guidelines and interest rate pricing for loan products, wherein the steps of creating, organizing and updating further comprises: aggregating baseline criteria and base rate or yield spread rate matrices obtained from each lender, wherein said aggregation from a plurality of lending institution's underwriting guidelines and interest rate pricing matrices forms the searchable and centralized database or databases for use in matching and optimizing loan products and associated interest rate pricing for a consumer; matching and optimizing loan products or pricing for a consumer based on the input consumer criteria.