System and method for verifying loan data at delivery
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United States of America Patent
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Sep 20, 2011
Grant Date -
Oct 21, 2010
app pub date -
Jun 28, 2010
filing date -
Dec 30, 2002
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system for verifying loan data for a loan being delivered by a seller to a purchaser includes underwriting logic that generates a set of underwriting data for a loan and delivery logic that receives a set of delivery data for the loan from the seller and processes the delivery data. The delivery logic includes comparison logic that compares the underwriting data for the loan and the delivery data for the loan to determine any differences. If there are differences between the underwriting data and the delivery data for the loan, yield adjustments and fees may be determined for the loan based on the differences.
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