Daniel Wayne Kelly

Title: The Innovations of Daniel Wayne Kelly

Introduction

Daniel Wayne Kelly is an accomplished inventor based in Reston, Virginia. He has made significant contributions to the field of finance through his innovative approaches to mortgage structuring. With a total of three patents to his name, Kelly has demonstrated a commitment to enhancing financial products for lenders and borrowers alike.

Latest Patents

One of Kelly's latest patents is a method for structuring a supplemental interest mortgage. This system and method disclose a principal debt obligation and a supplemental debt obligation based on the principal debt loan, secured by a single security instrument. The principal debt obligation includes the principal loan and principal interest to compensate a lender for the use of the lender's funds. The supplemental debt obligation includes supplemental interest to compensate a lender for the risk of borrower nonpayment. This innovative approach aims to provide a more secure and flexible mortgage option for both lenders and borrowers.

Career Highlights

Throughout his career, Daniel Wayne Kelly has worked with notable organizations, including the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac. His experience in these institutions has allowed him to apply his inventive ideas in practical settings, contributing to the evolution of mortgage products.

Collaborations

Some of Kelly's coworkers include John P. McMurray and Jacqueline Marie Doty. Their collaboration has likely fostered an environment of innovation and creativity, further enhancing the development of financial solutions.

Conclusion

Daniel Wayne Kelly's contributions to the field of mortgage structuring reflect his innovative spirit and dedication to improving financial products. His patents serve as a testament to his expertise and commitment to advancing the industry.