Cherie A Arruda

Title: **Cherie A Arruda: Innovating Financial Solutions**

Introduction

Cherie A Arruda, based in Arlington, MA, is an accomplished inventor with a focus on financial products and services. With a total of three patents to her name, she has made significant contributions to the field of banking and finance, particularly in the area of line of credit management and equity release financial products.

Latest Patents

One of her latest patents, titled **"Line of credit with pre-agreed line increases,"** describes an innovative approach where a line of credit is secured by a residence. This system allows borrowers to agree to periodic line increases at the initial closing, eliminating the need for additional closings and re-recording. The financial institution can use modeling techniques to determine ideal times to offer increases in the line of credit (LOC), with an automated servicing routine generating recommendations based on predictive analytics.

Another significant innovation by Cherie is the **"Predictive model for use in providing an equity release financial product."** This patent outlines a predictive model that assesses equity release loans, which are often linked to reverse mortgages. The model creates a variety of representative loans characterized by borrower types and mortality tables, while also evaluating multiple interest rate and house price scenarios. This analytical framework measures profitability metrics and helps determine loan-to-value (LTV) ratios, factoring in the borrower’s age and geographic market considerations.

Career Highlights

Cherie A Arruda is a key contributor at Bank of America Corporation, where her work centers around financial innovation. Her expertise in developing predictive models and credit mechanisms has reinforced the bank's reputation for progressive financial solutions.

Collaborations

Throughout her career, Cherie has collaborated with various professionals, including her coworkers Lisa D Curry and David H Rupp. Together, they have worked on enhancing financial products, focusing on consumer needs and market responsiveness.

Conclusion

Cherie A Arruda stands out as a visionary inventor in the banking industry, leveraging her patents to enhance financial products and improve consumer access to credit. Her work at Bank of America Corporation illustrates her commitment to innovation and the evolution of financial services.