Patent ID: 8346658

Claim:
A non-transitory computer-readable storage medium comprising computer program code for providing a home-equity based line of credit (LOC) loan to a borrower, the computer program code further comprising: instructions for producing closing documents establishing the LOC loan, the closing documents including a provision that provides for a pre-agreed increase in the LOC loan amount without re-recording papers signed by the borrower, wherein the borrower is not provided the LOC loan increase at the time of producing closing documents, but is authorized for the pre-agreed increase in the LOC loan at a future time; instructions for refreshing stored values associated with LOC loans that include the provision that provides for the pre-agreed increase in the LOC loan amount, wherein the stored values include credit bureau data and property value data; instructions for running at least one model from a plurality of models on LOC loans that are eligible for pre-agreed increases, wherein eligibility is based at least in part on the refreshed stored values, wherein the models provide a recommendation as to whether the LOC loan is in position to receive the pre-agreed increase in the LOC loan; and instructions for offering the pre-agreed increase in the LOC loan amount to the borrower selectively, based at least in part on the stored values and recommendations from the plurality of models, wherein upon acceptance of the pre-agreed increase in the LOC loan amount pre-agreed increase in the LOC loan amount is provided to the borrower without re-recording or re-applying for a second LOC loan and/or an increase in the LOC loan.