Abstract: The automated system of the present invention uses the Federal, State, local and professional regulations and requirements and implementing instructions to generate a plurality of tasks which can be used to control and drive the process of handling a mortgage loan application to completion and settlement in accordance with these regulations. Loan requestors may specify that the system will generate the plurality of required tasks, including tasks required by applicable federal and/or state law, provide the plurality of required tasks to the requester for his execution, and monitor the completion of all required tasks so as to provide a completion certificate to the requestor.
Type:
Grant
Filed:
August 24, 2000
Date of Patent:
January 10, 2006
Assignee:
Everbank
Inventors:
David F. Broadbent, Redge L. Cook, Paul B. Coleman, William S. Harten
Abstract: The automated compliance engine of the present invention uses the Federal, State, local and professional regulations and requirements and implementing instructions to generate a plurality of tasks which can be used to control and drive the process of handling a mortgage loan application to completion and to monitor the completion of the tasks in order to generate a Completion Certificate. Mortgage loan requesters may specify that the system will generate the plurality of required tasks, provide the plurality of required tasks to the requestor for his execution, and monitor the completion of all required tasks so as to provide a completion certificate to the requestor.
Type:
Grant
Filed:
August 24, 2000
Date of Patent:
June 7, 2005
Assignee:
EverBank
Inventors:
David F. Broadbent, Redge L. Cook, Paul B. Coleman, William S. Harten