Abstract: Automated loan production systems, methods, and media are provided. For example, the disclosed subject matter can provide a point-of-sale platform that sources the borrower, captures the borrower's information in the form of a consumer loan application at a point-of-sale, underwrites the borrower based on criteria provided by lending partners, underwrites one or more merchants for inclusion on the point-of-sale platform, matches multiple loan offers from multiple lending partners based on borrower and lender requirements, presents loan documents of a selected loan for electronic signature between the merchant and the borrower, disburses funds from the lender to the merchant, and provides reporting to merchants, partners, lenders, and other entities through respective portals.
Type:
Grant
Filed:
May 13, 2024
Date of Patent:
January 27, 2026
Assignee:
FinMkt, Inc.
Inventors:
Srikanth Goteti, Nathan Barber, Alice Tera Cox
Abstract: Automated loan production systems, methods, and media are provided. For example, the disclosed subject matter can provide a point-of-sale platform that sources the borrower, captures the borrower's information in the form of a consumer loan application at a point-of-sale, underwrites the borrower based on criteria provided by lending partners, underwrites one or more merchants for inclusion on the point-of-sale platform, matches multiple loan offers from multiple lending partners based on borrower and lender requirements, presents loan documents of a selected loan for electronic signature between the merchant and the borrower, disburses funds from the lender to the merchant, and provides reporting to merchants, partners, lenders, and other entities through respective portals.
Type:
Grant
Filed:
July 16, 2020
Date of Patent:
May 14, 2024
Assignee:
FinMkt, Inc.
Inventors:
Srikanth Goteti, Nathan Barber, Alice Tera Cox