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:
Jul. 27, 2010
Filed:
Jul. 21, 2006
Michael J. Williams, Potomac, MD (US);
Peter G. Kopperman, Bethesda, MD (US);
David N. Voth, Oakton, VA (US);
Richard N. Plotnick, Fairfax, VA (US);
Peter A. Simon, Washington, DC (US);
Kimberly J. Thurow, Reston, VA (US);
Michael W. Koch, Brittinger, MD (US);
Martin T. Schulz, McLean, VA (US);
Michael J. Williams, Potomac, MD (US);
Peter G. Kopperman, Bethesda, MD (US);
David N. Voth, Oakton, VA (US);
Richard N. Plotnick, Fairfax, VA (US);
Peter A. Simon, Washington, DC (US);
Kimberly J. Thurow, Reston, VA (US);
Michael W. Koch, Brittinger, MD (US);
Martin T. Schulz, McLean, VA (US);
Fannie Mae, Washington, DC (US);
Abstract
A computer implemented data processing system comprises a pricing engine and user interface program logic. The pricing engine is configured to calculate a price for an individual mortgage loan for a sale of the individual mortgage loan from a loan originator to a secondary mortgage market purchaser. The price is calculated prior to closing of the mortgage loan based on mortgage loan application data for a borrower associated with the mortgage loan. The user interface logic is configured to generate one or more screen displays configured to present the price to the loan originator prior to closing of the loan. The one or more screen displays are also configured to receive a commitment from the loan originator for the sale of the individual mortgage loan to the secondary mortgage market purchaser.