Keith Lamarc Kelly

US Patent:

7292995, Nov 6, 2007

Filed:

Feb 8, 2007

Appl. No.:

11/672770

Inventors:

Keith Kelly - Arlington VA, US

International Classification:

G06Q 40/00

US Classification:

705 35, 705 40

Abstract:

A system and method for providing a compensation program associated with a modifiable mortgage is disclosed which provides incentives to encourage a sales force to originate a modifiable mortgage. In one aspect of the invention, the compensation program calculates an annuity to be paid to an appropriate sales force member based on the principal, interest, and/or service income of a modifiable mortgage. In another aspect of the invention, the compensation program provides a commission calculation to be paid based on a triggering event such as, for example, each time the interest rate on a modifiable mortgage is lowered. The compensation program of the present invention may also include both the annuity compensation and the commission compensation as incentives to originate the modifiable mortgage.

US Patent:

20010042035, Nov 15, 2001

Filed:

Nov 29, 2000

Appl. No.:

09/725003

Inventors:

Keith Kelly - Fairfax VA, US
Joseph Kelly - Fairfax VA, US

International Classification:

G06F017/60

US Classification:

705/036000

Abstract:

A method and system (known as “A.R.C.”) to determine, on behalf of a mortgagee, how to allocate assets by using a closing cost credit when initiating or refinancing a mortgage associated with a property (e.g., a home, a business, or a vehicle, including a boat). The method and system take into account the tax savings, future value of money, and the effect of paying down debt for a mortgagee.

US Patent:

20010056397, Dec 27, 2001

Filed:

Dec 3, 1999

Appl. No.:

09/453231

Inventors:

Keith Kelly - Vienna VA, US
Joseph Kelly - Fairfax VA, US

International Classification:

G06F017/60

US Classification:

705/038000

Abstract:

A computer-based method and system for controlling the mortgage rate charged to a mortgagee as a prevailing mortgage rate drops. Using an Automatic Rate Cut (A.R.C.) mortgage, a customer's interest rate may be reduced without going through a traditional refinance process. The A.R.C. Loan offers a model of financing for both purchasing or refinancing property (e.g., a residence). Once the customer has been in the program for a specified period since settlement date, the interest rate can be modified down provided that interest rates have declined since the customer entered the A.R.C. Loan. Secondary conditions can also be used to determine if the mortgage qualifies for a rate reduction.

US Patent:

20020046158, Apr 18, 2002

Filed:

Dec 27, 2001

Appl. No.:

09/683423

Inventors:

Keith Kelly - Vienna VA, US
Joseph Kelly - Fairfax VA, US

International Classification:

G06F017/60

US Classification:

705/038000

Abstract:

A computer-based method and system for controlling the mortgage rate charged to a mortgagee as a prevailing mortgage rate drops. Using an Automatic Rate Cut (A.R.C.) mortgage, a customer's interest rate may be reduced without going through a traditional refinance process. The A.R.C. Loan offers a model of financing for both purchasing or refinancing property (e.g., a residence). Once the customer has been in the program for a specified period since settlement date, the interest rate can be modified down provided that interest rates have declined since the customer entered the A.R.C. Loan. Secondary conditions can also be used to determine if the mortgage qualifies for a rate reduction.

US Patent:

20070288335, Dec 13, 2007

Filed:

Aug 25, 2006

Appl. No.:

11/467426

Inventors:

Keith Kelly - Arlington VA, US

International Classification:

G06Q 40/00

US Classification:

705 35

Abstract:

A system and method for providing a compensation program associated with a modifiable mortgage is disclosed which provides incentives to encourage a sales force to originate a modifiable mortgage. In one aspect of the invention, the compensation program calculates an annuity to be paid to an appropriate sales force member based on the principal, interest, and/or service income of a modifiable mortgage. In another aspect of the invention, the compensation program provides a commission calculation to be paid based on a triggering event such as, for example, each time the interest rate on a modifiable mortgage is lowered. The compensation program of the present invention may also include both the annuity compensation and the commission compensation as incentives to originate the modifiable mortgage.

US Patent:

20070299759, Dec 27, 2007

Filed:

Jun 19, 2007

Appl. No.:

11/765125

Inventors:

Keith Kelly - Arlington VA, US

International Classification:

G06Q 40/00

US Classification:

70503600R

Abstract:

A hybrid mortgage-backed investment vehicle in which the pool of mortgages which back the investment vehicle is made up of selected traditional and modifiable mortgages. This invention allows for increased customization over traditional mortgage-backed securities which may be backed by pools of either traditional or modifiable mortgages, but not both. This flexibility may be used to better tailor mortgage-backed securities to meet investor goals, and as such may lead to more successful securities. Specifically, the use of modifiable mortgages in combination with traditional mortgages may lead to increased retention of mortgages in mortgage pool. This is achieved through the decreased prepayment of modifiable mortgages. Additionally, the current invention includes as method and system for practicing hybrid mortgage-backed investment vehicles.

US Patent:

20080046365, Feb 21, 2008

Filed:

Oct 31, 2007

Appl. No.:

11/931800

Inventors:

Keith Kelly - Arlington VA, US

International Classification:

G06Q 40/00

US Classification:

705040000, 705038000

Abstract:

A system and method for providing a compensation program associated with a modifiable mortgage is disclosed which provides incentives to encourage a sales force to originate a modifiable mortgage. In one aspect of the invention, the compensation program calculates an annuity to be paid to an appropriate sales force member based on the principal, interest, and/or service income of a modifiable mortgage. In another aspect of the invention, the compensation program provides a commission calculation to be paid based on a triggering event such as, for example, each time the interest rate on a modifiable mortgage is lowered. The compensation program of the present invention may also include both the annuity compensation and the commission compensation as incentives to originate the modifiable mortgage.

US Patent:

20170169511, Jun 15, 2017

Filed:

Feb 27, 2017

Appl. No.:

15/443074

Inventors:

Keith Kelly - Arlington VA, US

International Classification:

G06Q 40/02

Abstract:

A system and method are provided that process financial institution customer interface data in conjunction with facilitating a customer retention campaign involving loan reset offers for reset-eligible customers of a financial institution. The system may retrieve a listing of eligible loan data from a financial institution and generate proposed reset loan offers and unique, encrypted locator identifiers for each of the eligible customers. The system may automatically communicate offers and identifiers to each respective customer, who can review and accept a real-time loan reset offer using the system, thereby resulting in retained customers who might otherwise payoff existing loans in favor of refinancing with a third party. The system may also be used for generating single offers to single customers, and may be used to offer other financial products, such as pre-approved credit cards, to eligible customers.

Address:

4019 Riv Rdg Rd, Charlotte, NC 28226

VIN:

1MDAREP137A351904

Make:

Lincoln

Model:

Continental 4dr Sedan Si

Year:

2007