Patent ID: 8027909

Claim:
Apparatus for providing a market for loans, comprising: a data processing system having a program executing computer, a data storage device, and an output device; a plurality of loan underwriting standards data records stored in said data storage device containing loan underwriting standards from a plurality of loan granting institutions; computer programs executing on said data processing system for: compiling statistics regarding said plurality of stored data records containing loan underwriting standards and storing statistics data records in said data storage device; receiving loan solicitation data records in said data storage device; comparing said loan solicitation data records to said loan underwriting standards data records from said plurality of loan granting institutions to identify one or more loan granting institutions and to provide data records identifying said loan seeker to said loan granting institution; providing from said data processing system said statistics to a data processing system participant; and calculating a price to the data processing system participant for said statistics data records provided to the data processing system participant, in which the price is reduced for fees obtained from transactions associated with the data processing system participant in accordance with a predetermined netbacking schedule stored in a netbacking database, and based on the data processing system participant providing one or more loan underwriting standards data records.