Company Filing History:
Years Active: 2011-2023
Title: Innovations by Juoaquina Washington: Shaping the Future of Mortgage Pricing in Washington, DC
Introduction
Juoaquina Washington, an accomplished inventor based in Washington, DC, is recognized for his innovative contributions to the field of mortgage-backed securities. With three patents to his name, his groundbreaking work in pricing administration and calculation tools is transforming the way financial institutions operate in this sector.
Latest Patents
Washington's most notable patent is the "Central Risk Pricing System and Method." This patent describes a comprehensive pricing administration and calculation tool designed to streamline user interactions. The system consists of user interface logic, pricing administration logic, and pricing calculation logic that work together to generate display screens. These screens allow external users (sellers) to input specific credit guarantee pricing along with terms and conditions for mortgage-backed security (MBS) loan commitments. Notably, the credit guarantee price serves as a fee assuring investors of timely payments of principal and interest on mortgages linked to MBS. Furthermore, the pricing can be adjusted on a seller-by-seller basis, a mortgage product-by-product basis, and even month and coupon-specific alternatives. This system greatly enhances the efficiency and accuracy of loan commitments.
Career Highlights
Juoaquina Washington has made significant strides in his career, primarily working with Fannie Mae, where he has leveraged his innovative skills to develop solutions for complex financial products. His expertise in the mortgage sector and commitment to innovation has made him a valuable asset in his organization.
Collaborations
Throughout his career, Washington has had the opportunity to collaborate with notable colleagues such as Roger Blum and Mike Smale. These alliances have fostered a collaborative environment where ideas can flourish, leading to the development of transformative solutions in the financial industry.
Conclusion
In summary, Juoaquina Washington stands out as an influential inventor in the world of mortgage pricing solutions. His patent portfolio reflects a dedication to innovation and a forward-thinking approach to financial technologies. As the industry continues to evolve, Washington's contributions pave the way for new opportunities in the mortgage-backed securities market.