Manping Wang

Title: Manping Wang: Innovator in Mortgage Modification Technology

Introduction

Manping Wang is a notable inventor based in Portland, OR (US). He has made significant contributions to the field of finance through his innovative patent related to mortgage modification. His work aims to enhance the efficiency of loan management, benefiting both lenders and borrowers.

Latest Patents

Manping Wang holds a patent titled "Methods and systems for proactive loan modification." This invention encompasses a computer-implemented method designed to automatically modify the terms of multiple mortgages within a portfolio. The primary goal is to reduce monthly payments for these mortgages. The method involves calculating the current net present value for each mortgage and determining future net present values based on modified loan terms. By selecting the largest future net present value, the system can automatically adjust the loan terms to optimize financial outcomes.

Career Highlights

Manping Wang is associated with HSBC Finance Corporation, where he applies his expertise in financial technology. His innovative approach to mortgage modification reflects his commitment to improving financial services and enhancing customer satisfaction. With 1 patent to his name, he has established himself as a forward-thinking inventor in the finance sector.

Collaborations

Some of his coworkers include Grant F Miles and Shelley C Turner, who contribute to the collaborative environment at HSBC Finance Corporation. Their combined efforts foster innovation and drive advancements in financial technology.

Conclusion

Manping Wang's contributions to mortgage modification technology exemplify the impact of innovation in the financial sector. His work not only streamlines loan management but also provides significant benefits to borrowers. Through his patent, he has demonstrated the potential for technology to transform traditional financial practices.