PATENT CLAIM ANALYSIS

Application Number: 16126596
Application Type: Utility
Filing Date: 2018-09
Publication Date: 2019-03
Patent Classification: ["705", "035000"]

Abstract:
Systems and methods for permitting a buyer of a mobile home to apply for a mortgage by taking digital photographs of documents with his or her mobile device are disclosed. The borrower's mobile device may include subsystems for processing the image, optimizing it, and converting the image into a file type that may be acceptable by a lender. A loan facilitation platform performs additional processing to determine whether the document may be deemed acceptable by a lender. If so, the processed documents may be sent to a lender. The systems and method disclosed herein improve the mortgage application review and approval process and bring greater transparency to it.

Claim (Index 1):
A computing device comprising a non-transitory non-volatile computer-readable storage device including instructions, which, when executed by a processor of the computing device, cause the computing device to:\n identify a list of documents that the borrower must submit to a lender to complete a mortgage application for purchasing a mobile home; send the list of documents to the borrower's mobile device for display on an application running on the borrower's mobile device; send a status update for display on the application running on the borrower's mobile device, the status update indicating documents that a borrower must submit to the lender to complete a loan application to purchase a mobile home, documents that have been submitted by the borrower and are being reviewed by a loan facilitator, documents that have been submitted to the lender by the loan facilitator, and documents that have been approved by the lender; receive at least one document from the borrower's mobile device, the document relating to at least one document in the list of documents that must be submitted to the lender, the document being created by processing an image file capturing a representation of a document that the borrower must submit to the lender, and the document being created by converting the image file into a file format that is acceptable to the lender; review the received one or more documents, wherein the review comprising an approval or a request to resubmit the document; send the document to the lender if it is approved by the loan facilitation system; receive a review from the lender regarding each document sent to the lender, the update comprising an approval or a denial; update the borrower's mobile device and the loan facilitator's computing device instantly and simultaneously when a document has been requested from the borrower, submitted by the borrower, received a review from the loan facilitator, or received a review from the lender; and establish a direct communication connection between the borrower's mobile device with the loan facilitator's computing device, the direct communication connection enabling the borrower to communicate with a loan facilitator via the application on the borrower's mobile device.

Metadata:
- Claim Count in Document: 23.0
- Percentile: 97.0
- Lexical Diversity: 1.64789
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['14434456', '14666197', '11322734', '10884766', '11322934']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1256423643094832
- 35 USC 102 Novelty (BERT): 0.4980828349073565
- Combined Prediction Score: 0.1628864113692706
- Mean Citation Score: 250.430784
- Max Citation Score: 266.4163
- Similarity Product: 197.0595990165889

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 0
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test