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:
Sep. 22, 2009
Filed:
Nov. 04, 2003
Michael G. Bradley, Chesterfield, MO (US);
J. Douglas Gordon, Arlington, VA (US);
Matthew J. Klena, Falls Church, VA (US);
Pamela W. Sims, Arlington, VA (US);
Michael G. Bradley, Chesterfield, MO (US);
J. Douglas Gordon, Arlington, VA (US);
Matthew J. Klena, Falls Church, VA (US);
Pamela W. Sims, Arlington, VA (US);
Freddie Mac, McLean, VA (US);
Abstract
Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.