Abstract: A system and method provides electronic management and processing of bankruptcy-related claims and payments. The method includes receiving loan servicer data from a loan servicer portfolio. The method also includes receiving trustee data from a repository of trustee information. The method includes comparing one or more data fields related to the claims from the service provider data to corresponding one or more data fields related to the claims from the trustee data and assigning a score to the comparison results for the data fields related to the claims based on one or more business rules. The method includes calculating the total score for the comparison results for the claims, designating the claim as being valid if the total score for the claim is greater or equal to a predetermined value, and designating the claim as being invalid if the total score for the claim is less than a predetermined value.
Type:
Grant
Filed:
September 7, 2007
Date of Patent:
December 21, 2010
Assignee:
National Default Exchange LP
Inventors:
Elizabeth I. Petr, Eric L. Donowho, Robert W. Brasiel, Rajinder M. Singh