Patent NZ-586784-A (NZ)
Title: A data processing system and method incorporating feedback
Inventor: JOYE CHRISTOPHER RONALD EDWARD
IPC: G06Q40/00
Filed: 2005-10-13
Abstract: A method of generating a digitally encoded electric signal representing the quantum of a credit for home improvements made to the mortgagor in a wholly or partially collateral-dependent mortgage is disclosed. The method comprises: (i) inputting into data processing apparatus input data comprising the principal of the mortgage, a first valuation of the home just prior to the improvements being carried out, a second valuation of the home just after the improvements have been carried out, and a final value of the home including the improvements being a sale or deemed sale thereof which concludes the mortgage; (ii) instructing the data processing apparatus to calculate an improvement difference comprising the increase of the second valuation relative to the first valuation, and to calculate an overall difference comprising the final valuation less the principal, and (iii) further instructing the data processing apparatus to output either one of two of the digitally encoded electric signals, a first the signal representing a quantum of zero if the overall difference is negative or zero, and a second the signal representing a quantum of the improvement difference if the overall difference is positive. Further disclosed is a method of generating a digitally encoded electric signal representing the quantum of an adjusted principal of a wholly or partially collateral dependent mortgage which provides that the principal be adjusted by augmenting same by a first percentage of the increase in the event of an increase in the value of the property securing the wholly or partially collateral-dependent mortgage and that the principal be adjusted by decreasing same by a second percentage of the decrease in the event of a decrease in the value of the property securing the wholly or partially collateral-dependent mortgage. This method comprises (i) inputting into data processing apparatus input data comprising the principal of the wholly or partially collateral-dependent mortgage, the first and second percentages, a toggle marker consisting either of a first value indicative of the adjusted principal being determined in accordance with one of a number of predetermined events, or of a second value indicative an election of early pre-payment by the mortgagor, and a final value of the property being either a sale or an approved valuation of the property; (ii) instructing the data processing apparatus to calculate a capital difference between the final value and the principal, and if the toggle marker is of the first value to calculate the adjusted principal by multiplying the capital difference by the first or the second percentage respectively; (iii) further instructing the data processing apparatus if the toggle marker is the second value to set the second percentage at zero and calculate the adjusted principal by multiplying the capital difference by the first or the re-set second percentage, and (iv) still further instructing the data processing apparatus to output a digitally encoded electric signal representing the quantum of the adjusted principal.