Patent №
US 8,380,596
Granted
2013-02-19
Filed 2010
Owner
BANK OF AMERICA CORPORATION
Lab
—
AI components
1
planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
12754554
Described herein are various apparatuses, methods, and computer program products for providing a mortgage environment that determines a flat fee for a mortgage that includes all lender and third-party fees associated with the mortgage. By providing a mortgage with a flat fee, the process of a borrower obtaining a mortgage from a lender can be easier because the borrower's worries about multiple fees, charges, and other costs can be combined into a single, flat fee. Some embodiments of the invention determine the flat fee based at least partially on analysis of various loan characteristics.
AI classification
Ownership
BANK OF AMERICA CORPORATION
assignment · 245300848
Assignors
BAKER, CHARLOTTE F., OGDEN, GREGORY CARL, KELLY, MICHAEL J., KOUTOURAS, NICHOLAS, KINGSLEY, COURTNIE R., WIMBERLY, DWIGHT GUERRY, BURK, ANDREW H., CARPENTER, LOREN B., AUSTIN, SHANNA L.
On an employer assignment, the assignors are typically the inventors.