Maryann Bastnagel

Title: Innovations by Maryann Bastnagel

Introduction

Maryann Bastnagel is a notable inventor based in Potomac, MD, who has made significant contributions to the field of financial data processing. With a total of five patents to her name, she has developed innovative methods that enhance the accuracy and efficiency of financial asset management.

Latest Patents

One of her latest patents is a system and method for processing data pertaining to financial assets. This invention provides a method of processing data in connection with a security that is collateralized by a plurality of home mortgage loans. The method involves generating payment projections regarding principal and interest for these loans, identifying errors in the projections, and modifying loan characteristic data to correct these errors. Additionally, the system allows for the receipt of payment data multiple times during a reporting cycle, enabling ongoing corrections and updates.

Career Highlights

Maryann currently works at Fannie Mae, where she applies her expertise in financial data processing. Her work focuses on improving the systems that manage mortgage loans and related financial assets. Her innovative approaches have contributed to more reliable financial projections and enhanced data accuracy.

Collaborations

Throughout her career, Maryann has collaborated with esteemed colleagues such as Dror Oppenheimer and William P Nixon, Jr. These partnerships have fostered a collaborative environment that encourages innovation and the sharing of ideas.

Conclusion

Maryann Bastnagel's contributions to financial data processing through her patents demonstrate her commitment to innovation in the field. Her work not only enhances the accuracy of financial projections but also reflects her dedication to improving financial asset management systems.