Michael A Beene

Title: Michael A Beene: Innovator in Loan Modification Technology

Introduction

Michael A Beene is an accomplished inventor based in Rolling Meadows, IL (US). He has made significant contributions to the field of finance through his innovative patent that focuses on loan modification systems. His work aims to enhance the efficiency of mortgage management, benefiting both lenders and borrowers.

Latest Patents

Michael A Beene holds a patent for "Methods and systems for proactive loan modification." This invention includes a computer-implemented method for automatically modifying the terms of multiple mortgages within a portfolio. The 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. Ultimately, the loan terms are adjusted to maximize the net present value, ensuring better financial outcomes for borrowers.

Career Highlights

Michael is currently employed at HSBC Finance Corporation, where he applies his expertise in financial technology. His innovative approach to loan modification has the potential to transform how mortgage portfolios are managed, making it easier for financial institutions to assist their clients.

Collaborations

Michael has worked alongside talented colleagues such as Grant F Miles and Shelley C Turner. Their collaborative efforts contribute to the development of advanced financial solutions that address the needs of the market.

Conclusion

Michael A Beene's contributions to loan modification technology exemplify the impact of innovation in the financial sector. His patent not only showcases his inventive spirit but also highlights the importance of proactive solutions in mortgage management.