Patent ID: 8266050

Claim:
A method for processing loans, the method comprising: receiving, at a loan processing system of a first processing center, a loan request including loan request information; transmitting, from the first processing center, the loan request to a second processing center, wherein the second processing center is associated with a time zone different than that of the processing center and wherein the first and second processing centers are associated with a loan processing institution; determining a first amount of available processing time at the second processing center; determining a second amount of available processing time at a third processing center; comparing the first amount of available processing time to the second amount of available processing time; selecting the second processing center in response to determining that the first amount of available processing time is greater than the second amount of available processing time to maximize processing time by as few processing centers as possible; receiving, at the loan processing system, supplemental loan request information based on the loan request information; calculating, by the loan processing system, a risk score for the loan request based on the loan request information and the supplemental loan request information in response to receiving the loan request information and the supplemental loan request information; upon receiving the supplemental loan request information, determining, by the loan processing system, whether the loan request is approved by comparing the risk score with a predefined risk score threshold; and in response to determining that the loan request is approved, approving the loan request.