Patent ID: 7885891
Filing Date: 2011-02-08
Classification: G06Q

Abstract:
1. A computer-implemented system for processing information regarding mortgage backed securities that have incoming cash flows backed only by the excess servicing fees of the plurality of adjustable rate mortgages, the computer-implemented system comprising: a computer processor; and a computer-readable storage medium having instructions stored therein, the instructions being executable by the computer processor to generate a user interface, wherein user interface is configured to: receive a plurality of information regarding the plurality of adjustable rate mortgages, the plurality of adjustable rate mortgages pooled into mortgage backed securities having income cash flows only from excess servicing fees associated with the plurality of adjustable rate mortgages, wherein each adjustable rate mortgage in the plurality of adjustable rate mortgages contributes equal number of basis points of excess service fee; receive reconciliation information regarding the plurality of adjustable rate mortgage loans, wherein the reconciliation information includes comparisons of loan data with respect to predetermined criteria, the loan data including loan type, interest rate, loan margin, guarantee fee, servicing fee, MBS margin and other loan characteristics, the reconciliation information including one or more discrepancies in loan data; provide a data connection between a number of users, the users including an issuer, lender and loan servicer; and generate a graphical user interface configured to provide a display of information regarding the plurality of adjustable rate mortgage loans, wherein the information may include reconciliation information, loan activity, and income received from the excess servicing fees associated with the plurality of adjustable rate mortgages.