Patent ID: 8364568

Claim:
A method of providing financial product packages by a financial services company, the method comprising: providing a computing device having a processor, a database accessible to the processor, and a memory; receiving an application for a mortgage from an applicant, wherein the application for the mortgage includes first information; retrieving from the database, by the processor, second information concerning the applicant; selecting, by the processor, from among a plurality of additional financial products, using the first information and second information, one or more of the plurality of additional financial products suitable for the applicant to be included in a package; communicating, to the applicant, an initial offer to provide the package comprising the mortgage and the one or more of the plurality of additional financial products including an insurance policy; transmitting one or more questions concerning a risk associated with providing the insurance policy to the applicant, wherein a number of the one or more questions transmitted to the applicant is less than a number of questions transmitted to other applicants applying for the insurance policy without applying for a mortgage through the financial services company; upon receiving one or more answers to the one or more questions from the applicant, determining that the risk associated with providing the insurance policy to the applicant is acceptable to the financial services company; and communicating, to the applicant, a final offer to provide the package comprising the mortgage and the one or more of the plurality of additional financial products including the insurance policy and a price associated with the package, with an option to make a unified periodic payment for the package.