Patent ID: 7979346

Claim:
A method for generating a cash purchase price for one or more loans sold by a seller to a purchaser in a secondary mortgage market, the method comprising: providing a computer-implemented user interface to the seller; providing a computer database coupled to the computer-implemented user interface and configured to store a plurality of authorization profiles, each authorization profile including a user identifier and agreement data for an agreement governing purchases of existing loans in the secondary mortgage market; receiving a user identifier associated with the seller via the computer-implemented user interface; verifying the identity of the seller associated with the user identifier against the authorization profile and providing the seller access to the agreement data associated with the user identifier; retrieving the agreement data, wherein the agreement data includes a standard credit risk price component, a standard loan profile, and a standard borrower credit profile applicable to secondary mortgage market loan purchases under the agreement, including purchases of loans made to different borrowers; receiving loan data associated with each of the one or more loans to be sold by the seller to the purchaser under the agreement; generating, by a computer, an interest rate price for each of the one or more loans; utilizing the loan data for each of the one or more loans and the standard loan profile to generate a set of variances from the standard loan profile for each of the one or more loans; utilizing the loan data for each of the one or more loans and the a standard credit risk profile to generate a set of variances from the standard borrower credit profile for each of the one or more loans; generating, by the computer, a credit risk price for each loan based upon at least: the standard credit risk price component; the set of variances from the standard loan profile; the set of variances from the standard borrower credit profile; and the loan data associated with each loan; generating, by the computer, the cash purchase price for each of the one or more loans based on the interest rate price and the credit risk price; and providing a display of the cash purchase price for each of the one or more loans to the seller using the computer-implemented user interface.