Patent ID: 8442905

Claim:
A system for providing collateral management service for whole loan tri-party repo transactions, the system comprising: at least one database maintained by a custodian that is not a party or counterparty to the whole loan tri-party repo transactions, said at least one database being configured to store characteristics of a whole loan that is the subject of a whole loan tri-party repo transaction; at least one processor configured to perform operations to receive, analyze and determine data indicating characteristics of the whole loan that is the subject of a whole loan tri-party repo transaction, said at least one processor being configured to create and maintain, in the at least one database, an escrow account associated with the whole loan, wherein at least a portion of the data received indicating the characteristics of the whole loan is provided by one or more parties that is not a party to the whole loan tri-party repo transaction, wherein said at least a portion of the data provided by said one or more parties that is not a party to the whole loan tri-party repo transaction enables independent third party verification of loan balance and loan characteristics of the whole loan that is the subject of the whole loan tri-party repo transaction, wherein a valuation of the whole loan is determined by the at least one processor from price information provided by an independent third party pricing vendor, and wherein the custodian verifies to the party and counterparty that the whole loan that is the subject of the whole loan tri-party repo transaction is eligible to be included in the transaction.