This inventor holds 3 USPTO granted patents. Top assignee: Bank of America Corporation. Active years: 2012-2013.
Company Filing History:
Years Active: 2012-2013
Title: Edna Marshall: Innovator in Loan Modification Systems
Introduction
Edna Marshall is a notable inventor based in Charlotte, NC, who has made significant contributions to the field of loan modification systems. With a total of 3 patents to her name, she has developed innovative solutions that aim to improve financial management for borrowers.
Latest Patents
One of her latest patents is the "Shared Appreciation Loan Modification System and Method." This invention provides systems, methods, and computer program products for modifying loan terms and implementing a shared appreciation loan program. In this system, a qualifying borrower can defer interest payments on a portion of their Home Equity Line of Credit (HELOC) in exchange for sharing up to 50% of the future appreciation of the underlying real property. This approach incentivizes borrowers to remain in their homes while preserving their financial commitment rating and reducing monthly payments.
Another significant patent is the "Loan Management Tool," which relates to methods and apparatuses for managing HELOC accounts. This tool allows for the segmentation of loan accounts into various spend categories, enabling borrowers to allocate purchases and payments effectively. The method also includes features for calculating anticipated payoff dates, monthly payment amounts, and total saved interest based on borrower inputs.
Career Highlights
Edna Marshall is currently employed at Bank of America Corporation, where she applies her expertise in financial technology and loan management. Her work focuses on creating innovative solutions that enhance the borrowing experience for customers.
Collaborations
Throughout her career, Edna has collaborated with talented professionals, including Lisa D. Curry and Ashley C. Hardy. These partnerships have contributed to the development of her groundbreaking inventions.
Conclusion
Edna Marshall's contributions to loan modification systems and financial management tools demonstrate her commitment to innovation in the banking sector. Her patents reflect a deep understanding of borrower needs and a desire to create solutions that benefit both lenders and borrowers alike.