System and method for transferring mortgage loan servicing rights

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United States of America Patent

PATENT NO 8438108
SERIAL NO

12825155

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Abstract

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A method for facilitating the sale of a loan having a loan asset and a service asset is provided. The method includes the steps of receiving a bid from one or more servicers for purchasing the servicing asset and receiving a loan commitment selection from a lender. The method further includes selecting a servicer from the one or more servicers with a lender based upon a predefined set of criteria for selecting a servicer. The method also includes generating an all-in price, the all-in price including the price for purchasing the loan asset and the servicing.

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Patent Owner(s)

  • FANNIE MAE

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Carter, Thomas J Walkersville, US 10 170
Dixon, Amelia M Clifton, US 2 13
Jozwiak, John J Frederick, US 2 13
Keller, Kathleen P Ashburn, US 2 13
Palumbo, Donald R Ashburn, US 7 20

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