Patent ID: 7620598

Claim:
A data processing system for managing the origination of a mortgage loan by a loan originator in coordination with a loan broker for a loan customer, comprising: a computer operated by said loan originator; a memory accessibly coupled to said computer; a program comprising program steps residing in said memory; herein said program comprises the program steps of: RE-processing when said loan originator is at least one member of the collection comprising a real estate agent and a real estate broker; B-processing when said loan originator is at least one member of the collection comprising a home builder and an FSBO; FP-processing when said loan originator is at least one member of the collection comprising a Certified Public Account (CPA), a financial planner, a broker, a dealer, a broker-dealer, and an attorney; FI-processing when said loan originator is at least one member of the collection comprising a bank, a savings and loan, a thrift, and a credit union; R-processing when said loan originator is a relocation company; and C-processing when said loan originator is said loan consumer; wherein the loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services that are provided by the loan broker, making a loan origination fee paid to the loan originator at a time of closing on the mortgage loan legally compliant with the guidelines of the Real Estate Settlement Procedures Act (“RESPA”).