The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 13, 2021
Filed:
Oct. 22, 2019
Capital One Services, Llc, McLean, VA (US);
Drake R. Sanderson, McLean, VA (US);
Sohan Ganapathy, McLean, VA (US);
Jesus Gonzalez, McLean, VA (US);
Natascha Schambach, McLean, VA (US);
Krishna Mohan Bibireddy, McLean, VA (US);
Biraja Mahapatra, McLean, VA (US);
Thomas Busath, McLean, VA (US);
Taylor Geron, McLean, VA (US);
Nicole Kellogg, McLean, VA (US);
Amanda Rae Dorsey, McLean, VA (US);
CAPITAL ONE SERVICES, LLC, Mclean, VA (US);
Abstract
Systems and methods for optimizing processing of loan applications are disclosed. A system may include one or more memory devices storing instructions and one or more processors configured to execute the instructions. The instructions may instruct the system to analyze training data to build a predictive model. The instructions may also instruct the system to apply the predictive model to a loan application to determine a first probability of an institution funding the loan application if the institution proactively engages a loan-arranging entity of the loan application and a second probability of the institution funding the loan application if the institution reactively engages the loan-arranging entity. The instructions may further instruct the system to reporting the first and second probabilities to a user through a user interface.