Patent ID: 7877320

Claim:
A method for facilitating a recourse transaction, comprising: receiving at a computer-implemented transaction analysis system loan input data and a recourse transaction request related to the loan input data, the loan input data and recourse transaction request being received from a client computing system, the loan input data and recourse transaction request being received after closing of a loan, the recourse transaction request being for the sale of the loan in a secondary mortgage market, the recourse transaction request being received from a seller of the loan by way of a communication network, the recourse transaction request being received for approval by a purchaser of the loan, the recourse transaction request being a request for a recourse transaction in which the purchaser has recourse against the seller in the event of a default of the loan, the loan input data being received using a web page, the web page having fields configured to be populated by the seller to receive the loan input data; storing at a risk based transaction database a record of recourse transactions previously granted by the purchaser; generating at the computer-implemented transaction analysis system an assessment of the recourse transaction based at least in part on the record of recourse transactions previously granted by the purchaser, wherein the assessment of the recourse transaction indicates one of an approval or disapproval of the recourse transaction; and providing, using the computer-implemented transaction analysis system, the assessment of the recourse transaction to the seller of the loan at the client computing system.