Abstract: The present invention includes a data processing system and method for managing the origination of a mortgage loan by a loan originator in coordination with a loan broker for a loan customer. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.
Type:
Grant
Filed:
February 22, 2008
Date of Patent:
July 20, 2010
Assignee:
Sourcetec, Inc.
Inventors:
Russell W. McDonald, Russell W. McDonald, II
Abstract: The present invention includes a method and apparatus for collecting information for a mortgage loan originated by a loan originator for a loan customer in coordination with a loan broker. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker. In certain embodiments, the loan originator is at least one of the following: CPA, Financial Planner, Broker/Dealer, Stock Broker, Insurance Broker/Agent, Attorney or other financial professionals. In other embodiments, the loan originator is one of the following: a Bank, Savings and Loan, Thrift, or Credit Union.
Type:
Grant
Filed:
May 5, 2003
Date of Patent:
June 10, 2008
Assignee:
SOURCETEC, Inc.
Inventors:
Russell W. McDonald, Russell W. McDonald, II
Abstract: The present invention includes a data processing system and method for a loan broker managing a mortgage loan originated by a loan originator for a loan customer. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.
Type:
Grant
Filed:
May 1, 2003
Date of Patent:
March 4, 2008
Assignee:
Sourcetec, Inc.
Inventors:
Russell W. McDonald, Ronald W. McDonald, II
Abstract: The present invention includes a data processing system and method for managing the origination of a mortgage loan by a loan originator in coordination with a loan broker for a loan customer. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.
Type:
Grant
Filed:
July 8, 1999
Date of Patent:
January 1, 2008
Assignee:
SOURCETEC, Inc.
Inventors:
Russell W. McDonald, Russell W. McDonald, II