Patent ID: 8032450

Claim:
A computer-implemented data processing system, comprising: a processor; a machine readable storage media; committing logic configured to permit a seller of a plurality of mortgage loans to enter into and update commitments to sell the plurality of mortgage loans in secondary mortgage market, the committing logic stored in the machine readable storage media and executed by the processor; user interface logic configured to provide an Internet-enabled interface to permit the seller to access the committing logic and to receive the commitments to sell the plurality of mortgage loans by way of the Internet, the Internet-enabled interface including a plurality of web pages configured to prompt the seller through entering into and updating the commitments, the user interface logic stored in the machine readable storage media and executed by the processor, including a plurality of loan commitment input fields configured to receive loan commitment data, the data input fields including a loan type input field, a commitment amount input field, and a commitment period input field, and a loan commitment output field including loan commitment price information, and an interactive tool accessible to the seller by way of the Internet that allows the seller to obtain access to information regarding the commitments, the commitments including forward commitments, and the forward commitments including open forward commitments, the forward commitments being commitments in which the seller has committed to deliver a specific quantity of loans to a secondary market participant on a specific future date and in which at the time of entering into commitments the seller has not identified the specific loans to be delivered and has not identified the specific properties to be purchased with the loans and, in which on the specific future date the loans delivered by the seller have already been made to borrowers, and the open forward commitments being unfulfilled forward commitments in which the specific future date has yet to occur, wherein the loan commitment price information is further configured to be customized based on the loan commitment data received in the loan commitment input fields, and wherein the loan commitment price information is configured to display intra-day pricing information based on the loan commitment data received in the loan commitment input fields.