System and method for rating lenders
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United States of America Patent
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Apr 27, 2010
Issued Date -
N/A
app pub date -
Mar 15, 2005
filing date -
Mar 15, 2004
priority date (Note) -
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Abstract
The present invention is directed at a system and method to rate lender profiles to determine the level of risk that is present in the loans originated or purchased by a particular lender will have a misrepresentation or as a result of material inaccuracies in the financial information provided by or on behalf of the borrower. The rating is preferably based on a variety of factors including at least one of, for example, prefunding controls, post closing controls, product mix, and/or loan source.
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