Method and system for pricing forward commitments for mortgage loans and for buying committed loans
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United States of America Patent
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Mar 11, 2014
Grant Date -
N/A
app pub date -
Sep 14, 2012
filing date -
Dec 30, 2002
priority date (Note) -
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Abstract
A method for managing best efforts forward commitments for loans to be sold by a lender, where each loan has loan level data and the best efforts forward commitments have commitment data includes determining a price for the best efforts commitment based on at least the loan level data and tracking the loan level data for each loan. Upon identifying a change to the loan level data, the loan level data and the commitment data including the price is updated based on the change.
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