Richard J McGhee

Title: The Innovations of Richard J McGhee

Introduction

Richard J McGhee is an accomplished inventor based in Reston, VA (US). He has made significant contributions to the housing finance industry through his innovative patent. His work focuses on improving the efficiency and compliance of mortgage loan processing.

Latest Patents

Richard J McGhee holds a patent for "Systems and methods for facilitating the flow of capital through the housing finance industry." This invention involves a computerized mortgage loan data processing system that includes a loan cost analysis engine. The engine compares data related to loan pricing for a mortgage loan with established loan pricing standards. It evaluates whether the loan pricing complies with these standards. An interface is designed to provide indications of compliance prior to the closing of the loan or before the sale of the mortgage loan in the secondary market. This indication can be directed to a mortgage loan advisor or a secondary mortgage market purchaser.

Career Highlights

Richard J McGhee is associated with Fannie Mae, a leading company in the housing finance sector. His role at Fannie Mae allows him to apply his innovative ideas to real-world challenges in mortgage processing. His contributions have the potential to streamline operations and enhance compliance in the industry.

Collaborations

Some of Richard's notable coworkers include David N Voth and Richard N Plotnick. Their collaboration within Fannie Mae fosters an environment of innovation and shared expertise.

Conclusion

Richard J McGhee's work exemplifies the impact of innovation in the housing finance industry. His patent demonstrates a commitment to improving mortgage loan processing through technology. His contributions are vital for enhancing efficiency and compliance in this critical sector.