System and method for providing home financing

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20040138990A1
SERIAL NO

10342062

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method for providing home financing is disclosed. The method includes providing a retirement plan to a participant, marketing a home loan program to the participant, receiving a request for a home loan from the participant, and using salary information and balance information associated with the retirement plan to approve a home loan for the participant without requiring separate verification of salary and retirement plan balance information. A system for home financing is also disclosed. The system includes a retirement plan providing unit for providing an employer sponsored retirement plan having a participant, a home financing unit for providing home financing loans, and means for sharing information between the retirement plan providing unit and the home financing unit to verify proof of employment, income, and assets for the participant for approving a home financing loan through information associated with the employer sponsored retirement plan.

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Patent Owner(s)

Patent OwnerAddress
PRINCIPAL FINANCIAL SERVICES INC711 HIGH STREET DES MOINES IA 50392-0100

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Burdzy, Edward C Clive, IA 1 1
Catalfo, Charlotte I Clive, IA 1 1
Hardin, Loraine Clive, IA 1 1
Raley, Sara Clive, IA 1 1

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