Loan payoff calculator system and method
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United States of America Patent
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Aug 5, 2014
Issued Date -
N/A
app pub date -
Sep 14, 2012
filing date -
Apr 5, 2007
priority date (Note) -
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Abstract
A data processing system for analyzing and reporting payoff quotes for mortgage loans is provided. The system provides several user interfaces: e.g., an interface through which lenders may enter lender payment information, an interface through which an analyst may enter payment quotes, and an interface through which lenders and/or analysts may compare the other prepayment information with prepayment payment quotes provided by the system. Any of the interfaces may be supported via a network. A database of all payoff quotes, lender payment information and any lender decisions regarding the same is maintained by the system for future reference.
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