System and method for evaluating real estate transactions
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United States of America Patent
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Dec 28, 2010
Issued Date -
N/A
app pub date -
Sep 17, 2008
filing date -
Feb 12, 2002
priority date (Note) -
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Abstract
Evaluating a real estate transaction based on preliminary data about the transaction. An evaluation system employs a transaction evaluator software module that can receive input about a customer and a type of financial product. The transaction evaluator software module also has access to a variety of data sources defining parameters for the investing institution. When the transaction evaluator receives input for a customer, it retrieves the relevant parameters for investing and performs a series of calculations to determine the likelihood that the customer's transaction will be approved. The results of the calculations can be displayed to the user in a graphical format for a range of transaction values. The graphical presentation of the calculations assists the user in determining whether to proceed with the transaction.
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