Thomas Steven Helock

Title: Thomas Steven Helock: Innovator in Loan Processing Systems

Introduction

Thomas Steven Helock is an accomplished inventor based in Orange Park, FL (US). He has made significant contributions to the field of loan processing through his innovative patent. His work focuses on automating the approval and fulfillment of loan requests, which enhances efficiency in the banking sector.

Latest Patents

Helock holds a patent for a "System and method for processing loans." This invention allows loan requests to be automatically processed for approval and fulfillment by a distributed processing system. The system receives loan requests and determines whether the loan should be approved. If necessary, it can request supplemental loan information from vendor systems. The processing system also performs due diligence, generates closing documents, and boards loans. Exceptions can be detected and handled manually if needed. Once work on exceptions is complete, the remainder of the loan processing can be completed automatically. In some configurations, loan requests or tasks may be transferred between processing centers located in different time zones. Additionally, the system provides a simulation environment for evaluating process models before implementation in a live processing environment. Helock's innovative approach has led to the development of a system that streamlines loan processing.

Career Highlights

Thomas Steven Helock is currently employed at Bank of America Corporation, where he applies his expertise in loan processing systems. His work has been instrumental in improving the efficiency of loan approvals and processing within the organization. With a focus on innovation, Helock continues to contribute to advancements in the banking industry.

Collaborations

Helock has worked alongside talented colleagues, including Mayur Chheda and Scott Christopher Arcure. Their collaborative efforts have further enhanced the development of innovative solutions in loan processing.

Conclusion

Thomas Steven Helock is a notable inventor whose work in loan processing systems has made a significant impact on the banking industry. His patent demonstrates a commitment to innovation and efficiency, paving the way for advancements in automated loan processing.