Bank of America Corporation

Robert Caruso

Debashis Ghosh

Sudeshna Banerjee

Kurt Newman

David Joa

Thayer S Allison

Yanghong Shao

Arun Pinto

Robert M Mauldin

Robert H Eshleman

Michael J Kelly

Kim Barbour

Timothy O'Brien

Apparatus and methods for processing a loan application. The apparatus and methods may involve accessing a financial institution customer account that includes a plurality of transactions; identifying those transactions that belong to a predetermined transaction category; and summarizing the transactions. Summary information may be presented as part of an income and expenses flow report that at least partially characterizes the account or the applicant. A financial institution representative may query a database for the summary information and, optionally, initiate an underwriting process based on the loan application and the summary information.

Apparatus and methods for verifying a credit applicant's income that enhance a credit applicant's experience

Apparatus and methods for approving financing for the sale of real estate. The apparatus and methods may involve receiving from a seller, or a seller's agent, information regarding the property so that a financial institution can determine a loan amount before the seller is engaged by a buyer. The financial institution may order from vendors documentation and certification desired or required for closing. The financial institution may issue a seal certifying that the financial institution has pre-approved a loan in a stated amount. The amount may be subject to change based on the qualifications of a buyer.

Apparatus and methods for facilitating real estate transactions

Growing community of inventors

Charlotte, NC, United States of America

Robert Caruso