Abstract: Embodiments of the invention include a computer implemented method for automatically modifying the terms of a plurality of mortgages within a portfolio of mortgages, such that, monthly payments for the plurality of mortgages are reduced. The method includes calculating a current net present value for each of the mortgages in the portfolio of mortgages. The method also includes calculating a plurality of future net present values for each of the mortgages in the portfolio, each future net present value corresponding to one set of modified loan terms. The method also includes selecting the largest calculated future net present value. The method also includes automatically modifying the loan terms of each of the plurality of mortgages where the largest future net present value is greater than the current net present value. Loan terms are modified to correspond to the modified loan terms resulting in the largest net present value.

Abstract: Embodiments of the invention include a computer implemented method for automatically modifying the terms of a plurality of mortgages within a portfolio of mortgages, such that, monthly payments for the plurality of mortgages are reduced. The method includes calculating a current net present value for each of the mortgages in the portfolio of mortgages. The method also includes calculating a plurality of future net present values for each of the mortgages in the portfolio, each future net present value corresponding to one set of modified loan terms. The method also includes selecting the largest calculated future net present value. The method also includes automatically modifying the loan terms of each of the plurality of mortgages where the largest future net present value is greater than the current net present value. Loan terms are modified to correspond to the modified loan terms resulting in the largest net present value.

Abstract: A credit approval and authorization system includes a credit request device, such as a terminal, located in a sales location, such as a store. The credit request device is operable to receive customer-related information, including a credit request, and to communicate the customer-related information to a credit analysis module. If the credit request is approved by the credit analysis module, the credit analysis module generates a conditional offer and the credit request device directs the customer to a point of sale system, such as a cash register, within the sales location, for manual verification of the customer's identity by an employee of the merchant. If the conditional offer is accepted and the identity of the customer is verified at the point of sale system, an activation module operates to establish a credit account. The system also includes an authorization module operable to determine whether to authorize use of the credit account to make a purchase.

Abstract: An over-limit analysis system is presented for approving an over-limit amount in real-time and in response to a credit request from a borrower, which includes an over-limit amount. An over-limit cushion to which the borrower is entitled is determined by comparing financial and other information collected from the borrower to analogous account data relating to the credit accounts of other borrowers according to an optimal strategy. As a result, the borrower may be approved for an over-limit amount as a function of an over-limit cushion associated with accounts that have similar account-related data. So that the borrower's credit account-related information may be compared with the account data of other borrowers, a segmentation model is used to organize the account data into segments according to one or more optimization constraints. Each segment is associated with an over-limit cushion so that the over-limit cushion for each segment is optimized according to one or more optimization constraints.