System and method for creating and tracking agreements for selling loans to a secondary market purchaser
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United States of America Patent
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Nov 22, 2011
Grant Date -
Mar 19, 2009
app pub date -
Nov 24, 2008
filing date -
Dec 30, 2002
priority date (Note) -
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status (Latency Note)
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Abstract
A system for creating an agreement and tracking compliance with terms of an agreement between a seller and a purchaser for the sale of loans includes deal management logic and a rules processor. The deal management logic is configured to store and track the terms of the agreement using a set of business rules. The rules processor comprises the set of business rules and is configured to facilitate adding or editing at least one business rule based on at least one term of the agreement. In addition, the rules processor is configured to access the business rules to assess compliance with the terms of the agreement during delivery of the loans. The system may also include pricing logic that is configured to create a set of price data based on the at least one term of the agreement.
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