SYSTEM, METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR PROVIDING LOSS DRAFT INSURANCE
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United States of America Patent
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N/A
Issued Date -
Dec 4, 2014
app pub date -
May 30, 2013
filing date -
May 30, 2013
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Systems, methods, apparatuses and computer program products are provided for providing loss draft insurance. In this regard, certain example embodiments may provide a loss draft insurance product having terms which provide for a reimbursement payment to be made to a lender in the event that the lender is required to repurchase a secured loan due to a release of loss draft funds, or in the event that the borrower becomes delinquent on the secured loan. Certain other example embodiments may provide risk analysis capabilities for determining eligibility for the aforementioned loss draft insurance product.
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