LOAN UNDERWRITING SYSTEM AND METHOD

Patent №

US 7,212,995

Granted

2007-05-01

Filed 2003

Owner

TRANS UNION LLC

+9 more

Lab

AI components

3

vision · kr · planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

10452402

An automated loan underwriting system and method automates the logic implemented by a loan underwriter, saving the loan originator time and money. Each lending institution can set up its own decisioning criteria, enabling customers to customize the process in which a proper evaluation, owners and encumbrance report, or title product is selected for a loan application within a given set of characteristics. The system and method allow for the automatic upgrading to another product without involvement of the loan processor, helping to reduce time delays in the loan origination process. The speed and automation allow for more underwriting checks to be applied against each loan.

VisionKnowledge representationPlanningG06Q 40/02G06Q 20/102G06Q 40/00G06Q 40/03

AI classification

Planning1.00
Knowledge representation0.97
Vision0.77
Evolutionary computation0.38
Machine learning0.10
AI hardware0.08
Speech0.04
Natural language0.02

Ownership

TRANS UNION LLC

assignment · 146100463

TRANS UNION SETTLEMENT SOLUTIONS, INC.

assignment · 206660252

MACDONALD, DETTWILER AND ASSOCIATES CORP.

assignment · 249640810

MDA LENDING SOLUTIONS, INC.

namechg · 249640887

MACDONALD DETTWILER INFORMATION TECHNOLOGY SERVICES LIMITED LIABILITY COMPANY

assignment · 256590703

PROPERTY DATA (LUXEMBOURG) S.A R.L.

assignment · 256610390

DECISION INSIGHT INFORMATION GROUP S.A R.L. (FORMERLY KNOWN AS MACDONALD DETTWILER AND ASSOCIATES CORP.)

assignment · 284240863

DECISION INSIGHT INFORMATION GROUP, INC. (FORMERLY KNOWN AS MACDONALD, DETTWILER AND ASSOCIATES CORP.)

correct · 323850211

DECISION INSIGHT INFORMATION GROUP, LLC

namechg · 325360529

DATAQUICK LENDING SOLUTIONS, INC.

assignment · 333940585

Assignors

SCHULKINS, BRUCE J.

On an employer assignment, the assignors are typically the inventors.

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