This inventor holds 1 USPTO granted patent. Top assignee: Bank of America Corporation. Active years: 2013.
Company Filing History:
Years Active: 2013
Title: Innovations in Lending - The Contributions of Ryan Gene Ritz
Introduction
Ryan Gene Ritz, based in Charlotte, NC, is an innovative inventor in the financial sector. With a unique patent to his name, Ritz has contributed to the development of lending solutions that enhance the borrowing experience. His expertise helps streamline the processes involved in acquiring credit, making it more accessible for borrowers.
Latest Patents
Ryan Ritz holds a patent for a "Line of credit with pre-agreed line increases." This invention describes a line of credit secured by a residence, allowing borrowers to agree at the initial closing to periodic line increases. The need for additional closings and re-recording is eliminated, thus simplifying the process. The patent also incorporates financial modeling by institutions to identify optimal opportunities for offering line increases, with an automated servicing routine that provides recommendations based on this modeling.
Career Highlights
Ryan currently works at Bank of America Corporation, where he utilizes his expertise to influence innovative lending practices. His patent reflects his commitment to improving financial solutions and enhancing customer experiences in the banking sector.
Collaborations
Throughout his career, Ryan has collaborated with notable professionals, including Lisa D. Curry and Cherie A. Arruda. These partnerships highlight his commitment to teamwork and collective innovation within the financial industry.
Conclusion
Ryan Gene Ritz exemplifies the spirit of innovation within the banking sector. His patent for a line of credit with pre-agreed line increases showcases his dedication to improving financial services. As a valuable member of the team at Bank of America Corporation, Ritz continues to inspire new ideas and effective lending solutions.