Yew-Young Loo

Title: Yew-Young Loo: Innovator in Loan Modification Technology

Introduction

Yew-Young Loo is a notable inventor based in Chicago, IL, who has made significant contributions to the field of financial technology. His innovative approach focuses on improving the efficiency of mortgage modifications, which can greatly benefit both lenders and borrowers.

Latest Patents

Yew-Young Loo holds a patent for "Methods and systems for proactive loan modification." This invention encompasses a computer-implemented method designed to automatically modify the terms of multiple mortgages within a portfolio. The goal is to reduce monthly payments for these mortgages. The method involves calculating the current net present value for each mortgage and determining future net present values based on modified loan terms. Ultimately, the loan terms are adjusted to reflect the modifications that yield the highest net present value.

Career Highlights

Yew-Young Loo is currently employed at HSBC Finance Corporation, where he applies his expertise in financial technology to develop innovative solutions. His work has the potential to transform how mortgage modifications are handled, making the process more efficient and beneficial for all parties involved.

Collaborations

Some of Yew-Young Loo's coworkers include Grant F Miles and Shelley C Turner, who contribute to the collaborative environment at HSBC Finance Corporation. Their combined efforts help drive innovation within the company.

Conclusion

Yew-Young Loo's contributions to loan modification technology exemplify the impact of innovation in the financial sector. His patent reflects a forward-thinking approach that can lead to significant improvements in mortgage management.