Patent ID: 6904412

Claim:
A computer implemented method for generation of a set of required procedures for originating a mortgage loan comprising the acts of: receiving a loan request at a server node, the loan request including loan application data; accessing an electronic database, the electronic database including a comprehensive list of tasks required to comply with federal rules and regulations, state rules and regulations, and local rules and regulations; applying appropriate jurisdictional, employee and lender criteria to the loan application data and to the electronic database to automatically determine a set of loan originating tasks applicable to each mortgage loan transaction; generating a loan origination compliance task workflow at the server node, the loan origination compliance task workflow including an organized sequence of a plurality of task actions comprising a subset of the comprehensive list and disclosing all actions required by one or more of a third party loan originator, a lending institution, and a borrower so that lending institutions may legally compensate third party originators in compliance with applicable federal or state law; and distributing one or more task actions of the loan origination compliance task workflow from the server node to one or more systems associated with one or more of a third party loan originator, a lending institution, and a borrower capable of performing one or more of the task actions.