Patent ID: 8108303

Claim:
The method of providing a prospective home buyer indicia indicative of independent verification of an approved loan amount comprising the steps of: providing a portal having access to automated underwriting capability for processing a loan application; accessing to the portal by a prospective home buyer; submitting information to the portal by said prospective home buyer, said information including the prospective home buyer's financial information required for processing a desired loan amount; independently verifying the information, including the financial information submitted by the prospective home buyer; underwriting, by a computer, the independently verified information provided by the prospective home buyer to determine whether the desired loan amount is approved; issuing indicia to the prospective home buyer upon approval of the desired loan amount, the indicia signifying that the submitted information has been independently verified for use by the prospective home buyer with prospective lenders and brokers, which said indicia is indicative of the fact that the desired loan amount is approved and that the loan is ready to close; storing the approved and ready to close loan amount at the portal; and accessing the portal by the prospective lenders and brokers, wherein the prospective lenders and brokers independently verify the approved and ready to close loan amount.