Harry H Cheung

US Patent:

20160140654, May 19, 2016

Filed:

Nov 13, 2014

Appl. No.:

14/540703

Inventors:

- Burlingame CA, US
Harry Cheung - Atherton CA, US
Jonathan Kirst - Oakland CA, US

International Classification:

G06Q 40/02
G06Q 10/06

Abstract:

A cloud-based mortgage software service to automate the residential mortgage application process by i) presenting a combination of fields, forms, and pages to solicit information from a borrower for a residential mortgage loan application and then comparing that extracted information to some information on trigger conditions for borrower documents needed for the loan. A database contains and indexes information regarding i) mortgage guidelines and requirements for residential mortgage loans. The mortgage software service automates the mortgage application process by reconciling i) the extracted information to ii) any trigger conditions in the database associated with the borrower documentation needed from the mortgage guidelines and the overlays to reinforce or verify the extracted information in the fields and forms by the borrower, and then generate a list of needed borrower documents that will be needed by the underwriter based on the guidelines of the government-sponsored lending institutions and the overlays required by direct lending corporations.