Fannie Mae

Other

Peter G Kopperman

David N Voth

John L Kemper

William R Nolan, Iii

Richard N Plotnick

Michael W Koch

Michael J Williams

Peter A Simon

Martin T Schulz

Kimberly J Thurow

Sheilah A Goodman

John E Gang

Elizabeth H Schamber

Richard J McGhee

Christine R Ladd

Kimberly J Hirsch

Caroline R Herron

John A Derwin

Michelle Y Watson

Laura L McDonald

A method for facilitating sale of a loan by a seller to a purchaser where the seller and the purchaser have an agreement regarding the sale of loans including terms and the loan has a set of loan data. The method includes determining a price for the loan prior to selling the loan to the purchaser. The price is based on at least the set of loan data and the terms for the agreement. The method also includes applying a set of business rules to the set of loan data prior to selling the loan to the purchaser to identify compliance with terms of the agreement and/or errors in the loan data.

System and method for facilitating sale of a loan to a secondary market purchaser

A computer implemented data processing system comprises a pricing engine and user interface program logic. The pricing engine is configured to calculate a price for an individual mortgage loan for a sale of the individual mortgage loan from a loan originator to a secondary mortgage market purchaser. The price is calculated prior to closing of the mortgage loan based on mortgage loan application data for a borrower associated with the mortgage loan. The user interface logic is configured to generate one or more screen displays configured to present the price to the loan originator prior to closing of the loan. The one or more screen displays are also configured to receive a commitment from the loan originator for the sale of the individual mortgage loan to the secondary mortgage market purchaser.

Computerized systems and methods for facilitating the flow of capital through the housing finance industry

A computerized mortgage loan data processing system comprises a loan cost analysis engine which compares data pertaining to loan pricing for a mortgage loan with loan pricing standards to evaluate whether the loan pricing is in compliance with the loan pricing standards. An interface is configured to provide an indication regarding whether the loan pricing is in compliance with the loan pricing standards prior to closing of the loan or prior to sale of the mortgage loan in the secondary mortgage market. The indication may be provided to a mortgage loan advisor or to a secondary mortgage market purchaser.

Systems and methods for facilitating the flow of capital through the housing finance industry

A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.

System and method for pricing loans in the secondary mortgage market

An online system for identifying and pricing a mortgage loan that meets a predetermined business objective of a mortgage market participant includes a business objective database and an underwriting engine coupled to the business objective database. The business objective database is configured to store a set of loan characteristics for at least one business objective of the mortgage market participant. The underwriting engine is configured to receive loan application data for a borrower via an online network. The underwriting engine is also configured to provide an underwriting approval status for the mortgage loan, to identify if the mortgage loan is a business objective mortgage loan by comparing the loan application data to the set of loan characteristics for the at least one business objective and, if the mortgage loan is a business objective mortgage loan, to determine a business objective pricing component for the mortgage loan.

Computerized systems and methods facilitate the flow of capital through the housing finance industry. A system for determining an interest rate quote and points for a mortgage loan that are specific to a borrower includes input means for obtaining borrower and mortgage loan information, means for retrieving underwriting characteristics and means for calculating the interest rate quote and points based on the borrower and mortgage loan information and based on the underwriting characteristics. The means for calculating includes means for retrieving a required yield which reflects market conditions in a secondary mortgage market including being indicative of a price that can be obtained for the mortgage loan in the secondary mortgage market. The calculating means also includes means for determining an adjustment to the required yield associated with the mortgage loan based on credit risk posed by the borrower, the credit risk adjustment being determined as a function of at least a credit score, a loan-to-value ratio, and a mortgage loan purpose for the mortgage loan and the borrower. The calculating means further includes means for determining other adjustments to the required yield based on other parameters related to the mortgage loan and/or the borrower. The interest rate quote and points are calculated as a function of the required yield adjusted by the credit risk adjustment and the other adjustments.

Growing community of inventors

Bethesda, MD, United States of America

Peter G Kopperman