System and method of processing asset financing transactions

A computer system processes asset financing transactions. An applicant provides loan information related to financing of an asset. A single lender is selected to receive a loan package based on the loan information and knowledge and prior experience attributed to the single lender. A plurality of da...

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Bibliographic Details
Main Authors REYNOLDS DESMOND M, SMITH KREIG C, COLLINS MICHAEL A, BIRD ALAN H
Format Patent
LanguageEnglish
Published 11.01.2007
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:A computer system processes asset financing transactions. An applicant provides loan information related to financing of an asset. A single lender is selected to receive a loan package based on the loan information and knowledge and prior experience attributed to the single lender. A plurality of data entry screens are configured to requirements of the single lender. The loan information is entered into fields of the data entry screens. The loan information is validated upon entry. The loan package from the loan information is compiled for submission to the single lender. The loan package may be pre-approved by the dealer prior to submission to the single lender. The system further provides for status request of loan applications based on search criteria, requesting credit reports of applicant, and electronic messaging with the single lender.
Bibliography:Application Number: US20050178040