Patent ID: 7792722
Filing Date: 2010-09-07
Classification: G06Q

Abstract:
1. A data processing system to enable an entity to use a range of decision-rules to evaluate in real time or on a batch basis applications from consumers to enter into financial arrangements with a mortgage financing entity for shared equity mortgage finance in which a residential real estate asset is used as collateral and the mortgage financing entity derives its returns from a capital value of the residential real estate asset used as collateral, with an ultimate objective of said entity accepting or rejecting those applications, said system comprising: (i) at least one data input terminal in which is input data characterizing unaccepted or unrejected applications for shared equity mortgage finance from said mortgage financing entity which derives its returns from the capital value of the residential real estate asset used as collateral for said shared equity mortgage finance and relating to both a consumer and the shared equity mortgage finance applied for in said unaccepted or unrejected applications, (ii) a data processing means connected with the at least one data input terminal, and (iii) a data storage means connected with said data processing means and containing both initial portfolio data relating to said applications accepted to date which collectively characterise a financial portfolio of accepted applications of said mortgage financing entity, and desiderata data relating to desired characteristics of said portfolio, wherein, prior to acceptance or rejection of unaccepted or unrejected application(s), said data processing means: wherein a financial arrangement comprises: an advance of funds by the mortgage financing entity to the consumer equal to a first percentage of the value of said asset, and one of a group consisting of: