Patent ID: 7734522

Claim:
A method for implementation by one or more computing systems, each computing system comprising at least one data processor, the method comprising: installing, at a lending institution, security certificates for access to one or more financial service components residing on a single application service provider platform (ASP) of a company using company's application programming interface (API) guidelines; receiving, by one or more computing systems of the lending institution, data comprising a credit application; posting, by the one or more computing systems of the lending institution, the credit application to one or more financial services components of a company the one or more financial service components each comprising at least one computing system, the lending institution setting up one or more financial product entries for access by the one or more financial services components; accessing and manipulating, by the one or more of the financial services components of the company, credit bureau data in connection with said credit application; accessing, by one or more of the financial services components of the company, credit scoring in connection with said credit application; accessing, by one or more of the financial services components of the company, credit decisioning in connection with said credit application; determining, by one or more of the computing systems, on behalf of the lending institution if credit is to be granted, refused, or if further review is necessary based on the data characterizing the credit application, the credit scoring, and the decisioning; and if credit is to be granted, automatically selecting, by one or more of the financial services components of the company, at least one credit product on behalf of a lending institution from a plurality of credit products, said at least one credit product being a best fit to said credit application that results from said accessing steps; wherein said accessing steps are provided via the ASP and are accessible through a standard API.