Method for mortgage and closed end loan portfolio management

Patent 6249775 Issued on June 19, 2001. Estimated Expiration Date:

July 11, 2017. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Abstract Claims Description Full Text

Patent References

Data processing methods and apparatus for managing vehicle financing
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Inventors

Application

No. 893389 filed on 07/11/1997

US Classes:

705/35, Finance (e.g., banking, investment or credit)705/38, Credit (risk) processing or loan processing (e.g., mortgage)705/40Bill distribution or payment

Examiners

Primary: Millin, Vincent
Assistant: Patel, Jagdish

Attorney, Agent or Firm

Ostrolenk, Faber, Gerb & Soffen, LLP

International Class

G06F 017/30

Abstract

A method for mortgage and closed end loan portfolio management in the form of an analytic tool designed to improve analysis of past and future performance of loan portfolios. In accordance with one aspect thereof, the invention aggregates loan units into loan vintages, wherein the loans in each vintage originate within a predetermined time interval of one another. The invention compares different vintages to one another in a manner such that the ages of the loans in the different vintages are comparable to one another. An early warning component of the system predicts delinquency rates expected for a portfolio of loans during a forward looking time window. A matrix link component of the invention combines the loan vintage analysis with the early warning component of the invention and predicts the default rate of the loan portfolios at a selected future point in time. The results of the analysis are graphically depicted and/or automatically fedback to provide "yes" or "no" decisions regarding investments in various loan portfolios.

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