초록 ▼

An apparatus and method for automatic credit evaluation and loan processing is disclosed. The apparatus includes a central processing unit which has capabilities for communicating with off-site remote access terminals. The central processing unit also includes facsimile transmission capabilities as

An apparatus and method for automatic credit evaluation and loan processing is disclosed. The apparatus includes a central processing unit which has capabilities for communicating with off-site remote access terminals. The central processing unit also includes facsimile transmission capabilities as well as capabilities for communicating with credit bureau computers. Mass storage capabilities are included for storing program modules executable on the central processing unit and for maintaining databases. Program modules are provided for remote access security, credit bureau information processing, credit scoring, message display, and facsimile generation. In operation, the central processing unit is accessed from a remote terminal, loan application information is entered into the remote terminal, credit bureau information is accessed by the apparatus, credit scoring is performed, and a loan application is approved or declined. All steps, except for the entering of loan application information into the remote terminal, are fully automated, require no intermediate human intervention, and no intermediate handling of paper records. Application status is provided to the user via a visual display on the remote access terminal and hard copy confirmation to the user and lender via facsimile transmission.

대표청구항 ▼

A computer based credit evaluation and loan application processing apparatus, comprising: (a) a central processing unit; (b) remote access terminal means for accessing said central processing unit, for entering loan application information pertaining to a potential borrower, for selecting a lender,

A computer based credit evaluation and loan application processing apparatus, comprising: (a) a central processing unit; (b) remote access terminal means for accessing said central processing unit, for entering loan application information pertaining to a potential borrower, for selecting a lender, for transmitting said loan application information to said central processing unit, and for receiving a loan approval status pertaining to said potential borrower from said central processing unit; (c) credit bureau processing module means associated with said central processing unit for transmitting an information request to a credit bureau associated with said selected lender, and for receiving a credit report from said credit bureau pertaining to said potential borrower; (d) credit scoring module means associated with said central processing unit for selecting a credit scoring model associated with said selected lender, for inputting loan application information into said credit scoring model and determining a first stage numerical credit score, for inputting credit report information into said credit scoring model and determining a second stage numerical score, and for determining a loan approval status for said potential borrower by comparing said loan application information and the numerical sum of said first and second stage credit scores with a loan matrix associated with said lender; and, (e) means associated with said central processing unit for generating a lender port based on said loan approval status and transmitting said lender report to a remote receiving unit for displaying said lender report.