Automated loan evaluation system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Dec 18, 2007
Grant Date -
Feb 22, 2007
app pub date -
Feb 21, 2001
filing date -
Feb 22, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
In at least one aspect, the present invention comprises a system and method of creating a probability of delinquency database using historical loan data and a plurality of loan factors, for use in determining a loan rate, the method comprising: identifying a plurality of multi-level loan factors; creating a pool from the historic loan data, wherein the first pool contains records relating to the plurality of multi-level loan factors; separating the pool into a set of groups based on the multi-level loan factors, calculating a probability of delinquency for each group; and arranging the probability of delinquency for each group into a database such that the probability of delinquency for each group is accessible for any combination of multi-level loan factors.
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