Patent ID: 7412417

Claim:
A computer-implemented method for auditing loan compliance with government loan lending and licensing requirements, comprising the computer-implemented steps of: a. allowing a user to display, enter and edit loan audit compliance data comprising compliance base rule data elements capable of being entered into mathematical equations, and storing the loan audit data in a loan data database in a computer system; b. allowing a user to interactively build loan compliance rules comprising mathematical equations using compliance base rule variables and algebraic operands that are derived from and represent said government loan lending and licensing requirements, and storing the loan compliance rules in a loan compliance rules database in the computer system; c. responding to a loan audit request including: i. retrieving the loan compliance rules from the loan compliance rules database; ii. retrieving the loan audit data from the loan data database; iii. applying the loan compliance rules to the loan audit data by inserting the compliance base rule data elements from the loan audit data into the compliance base rule variables of the compliance rules for determining a loan audit compliance result; and d. notifying said user of the determined loan audit compliance result.