Patent ID: 8275701

Claim:
A method for electronically facilitating a mortgage loan transaction via a computer comprising at least one processor and memory operatively coupled to the at least one processor, the method comprising: a. receiving data associated with a plurality of loan products; b. receiving data associated with a borrower; c. generating, via the at least one processor, a decision matrix for the borrower comprising an extrapolation of a combination of the borrower data and the plurality of loan product data to provide an accurate description of the borrower's qualification for specific loan products from the received plurality of loan products; d. generating, via the at least one processor, a list of loans the borrower is approved for based on the extrapolated information from the decision matrix; e. selecting, via the processor, an approved loan product from the generated list of loans; f. automatically, via the at least one processor, ordering sub-transactions associated with the selected approved loan product that are necessary to facilitate the closing of the selected approved loan product.