System and method for implementing and administering a mortgage plan
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Oct 24, 1989
Grant Date -
N/A
app pub date -
Jan 12, 1988
filing date -
Jan 12, 1988
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A computerized mortgage implementing system includes a central service computer, which helps establish and maintain mortgage plans based upon mortgages at least partially collateralized by investment vehicles. Both a plurality of groups of investment vehicle information and mortgage information are stored in the service computer. Borrower information is entered in the service computer when a mortgage plan is to be established. An individual one of the groups of investment information is selected. A desired amount of the investment funding is determined for helping repay a mortgage plan. Mortgage implementing information is generated for a given mortgage plan, and is sent to a mortgage lender computer to facilitate the establishment of the mortgage plan.
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