System and method for pricing loans in the secondary mortgage market
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United States of America Patent
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Oct 5, 2010
Grant Date -
Nov 11, 2004
app pub date -
Dec 16, 2003
filing date -
Dec 30, 2002
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.
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