Patent ID: 8244628

Claim:
A computer-implemented method for valuing an individual mortgage loan for sale in a secondary mortgage market online before sale of the individual mortgage loan, the individual mortgage loan being from an online mortgage loan system, being associated with a borrower, and having an identifier and a locked gross interest rate, the method comprising: retrieving, at a computer server, information regarding the individual mortgage loan from a storage device of the online mortgage loan system using the identifier, the information including the gross interest rate and a product type; retrieving, at the computer server, a required yield associated with the product type; determining, at the computer server, adjustments to the required yield based on at least one of (1) a credit risk associated with the borrower, (2) a loan-to-value ratio, and (3) loan purpose; determining, at the computer server, an interest rate portfolio yield based on at least the gross interest rate and the adjustments; determining, at the computer server, a yield difference based on at least the required yield and the interest rate portfolio yield; retrieving, at the computer server, a trade-off ratio that reflects what is paid in price for one basis-point in yield; determining, at the computer server, a price difference based at least on the yield difference and the trade-off ratio; and determining, at the computer server, a price for sale of the individual mortgage loan to a secondary mortgage market purchaser based at least on the price difference.