Federal Home Loan Mortgage Corporation (freddie Mac)

Gary M Skinner

Michael G Bradley

James Douglas Gordon

Annette M Best

Stanislav Kornienko

Donald Rosenthal

Ferdinand T Wang

Adrienne B Lyne

A system is disclosed that includes a database, a processor in communication with the database, and a memory device in communication with the processor. The memory device stores instructions that, when executed by the processor, perform operations including maintaining at the database a data structure comprising historical value data and historical condition data and receiving a query requesting a streamlined process, where the query comprises submitted value data. The operations further include, based on the query, instantiating a value model by obtaining the historical value data from the database and determining, based on the value data, a modeled value ratio; determining, based on the submitted value data, a submitted value ratio; making a first assessment whether the submitted value ratio is within a predetermined range of the modeled value ratio; making a second assessment whether the modeled value ratio exceeds a predetermined maximum; and, based on the first assessment and the second assessment, assigning a first flag to the query. The operations further include, further based on the query, instantiating a condition model by obtaining the historical condition data from the database and, based on the historical condition data, assigning a second flag to the query. The operations still further include, based on the first flag and the second flag, determining whether to assign the query to the streamlined process.

Systems, methods, and computer products for model-based query assignment

Systems, methods, and non-transitory computer-readable storage media are provided. A central server receives collateral data and applies a set of collateral analysis rules thereto to identify a problem. The applying includes accessing, from a remote data source, supplemental data related to the collateral data, and detecting one or more differences exceeding discrepancy tolerances between the collateral data and the supplemental data. The central server generates a notification including descriptions of the problem and the collateral data, and a navigation link to access more information from a source of problem information related to the collateral data. The central server transmits the notification to a remote computing device based upon a remote computing device destination address. The notification activates a collateral viewer application to cause the notification to display on the remote computing device and to enable connection to the source of problem information via the navigation link to access more information.

Systems and methods for communications regarding loan collateral

Systems and methods comprise maintaining a data structure comprising historical value and condition data, receiving a query with submitted value data requesting a streamlined process, instantiating a value model based on the query by obtaining the historical value data, determining a modeled value ratio based on the value data, determining a submitted value ratio based on the submitted value data, making a first assessment whether the submitted value ratio is within a predetermined range of the modeled value ratio, making a second assessment whether the modeled value ratio exceeds a predetermined maximum, assigning a first flag to the query based on the first assessment and the second assessment, obtaining historical condition data from the database, assigning a second flag to the query based on the historical condition data, and determining whether to assign the query to the streamlined process based on the first flag and the second flag.

Systems, methods, and products communicate loan collateral information. A central server receives collateral data that is filtered based on collateral identification information. A problem in the filtered collateral data is identified by applying a set of collateral analysis rules and accessing related supplemental data to detect one or more differences between the filtered collateral data and the supplemental data. A notification is generated that includes descriptions of the problem and the filtered collateral data, and a navigation link to access more information from a source of problem information. The notification is transmitted to a remote computing device based on a destination address, including an internet protocol address. The notification is in a format compatible with the remote computing device. The notification activates a collateral viewer application to display the notification on the remote computing device and to enable connection to the source of problem information via the navigation link.

A system is disclosed that includes a database and a processor in communication with the database. The processor is configured to maintain a data structure comprising historical value data and historical condition data and receive a query requesting a streamlined process. The processor is further configured to, based on the query, make a first assessment whether a submitted value ratio is within a predetermined range of a modeled value ratio; make a second assessment whether the modeled value ratio exceeds a predetermined maximum; and, based on the first assessment and the second assessment, assign a first flag to the query. The processor is further configured to based on the query, instantiate a condition model by obtaining the historical condition data; assign a second flag to the query; and based on the first flag and the second flag, determine whether to assign the query to the streamlined process.

The present disclosure provides systems, methods, and products for assessing collateral data, including appraisal data, and providing timely notification of any problems or anomalies identified for the collateral. A central server may access collateral data from a remote data source, apply rules to the collateral data to detect problems, and then create a notification describing the problems. The central server may rapidly transmit the notification to remote computing devices that were registered by a lender, so that the lender may act quickly to remediate the problems. A collateral viewer application that interacts with the notifications may also be provided to lenders.

Growing community of inventors

Frederick, MD, United States of America

Gary M Skinner