Patents by Inventor Brian Ericksen

Brian Ericksen has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Systems, methods and computer program products for offering consumer loans having customized terms for each customer
    Patent number: 8489503
    Abstract: Systems, methods and computer program products take into account the amount, term, and type of consumer loan, as well as data relating to a customer's credit score, debt burden, and collateral, if any. The invention then calculates an expected probability of default for a loan to that customer, and calculate loan terms that will deliver a minimum return on equity (e.g., 18%) given the lender's capital structure and funding rates. These loan terms are then offered to the customer. The customized loan terms include annual percentage rate of the loan, or a yearly fee or loan amount.
    Type: Grant
    Filed: May 9, 2012
    Date of Patent: July 16, 2013
    Assignee: American Express Travel Related Services Company, Inc.
    Inventor: Brian Ericksen
  • SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR OFFERING CONSUMER LOANS HAVING CUSTOMIZED TERMS FOR EACH CUSTOMER
    Publication number: 20120246061
    Abstract: Systems, methods and computer program products take into account the amount, term, and type of consumer loan, as well as data relating to a customer's credit score, debt burden, and collateral, if any. The invention then calculates an expected probability of default for a loan to that customer, and calculate loan terms that will deliver a minimum return on equity 18%) given the lender's capital structure and funding rates. These loan terms are then offered to the customer. The customized loan terms include annual percentage rate of the loan, or a yearly fee or loan amount.
    Type: Application
    Filed: May 9, 2012
    Publication date: September 27, 2012
    Applicant: American Express Travel Related Services Company, Inc.
    Inventor: Brian Ericksen
  • Systems, methods and computer program products for offering consumer loans having customized terms for each customer
    Patent number: 8190511
    Abstract: Systems, methods and computer program products take into account the amount, term, and type of consumer loan, as well as data relating to a customer's credit score, debt burden, and collateral, if any. The invention then calculates an expected probability of default for a loan to that customer, and calculate loan terms that will deliver a minimum return on equity (e.g., 18%) given the lender's capital structure and funding rates. These loan terms are then offered to the customer. The customized loan terms include annual percentage rate of the loan, or a yearly fee or loan amount.
    Type: Grant
    Filed: October 5, 2001
    Date of Patent: May 29, 2012
    Assignee: American Express Travel Related Services Company, Inc.
    Inventor: Brian Ericksen
  • Systems, methods and computer program products for offering consumer loans having customized terms for each customer
    Publication number: 20020123960
    Abstract: Systems, methods and computer program products take into account the amount, term, and type of consumer loan, as well as data relating to a customer's credit score, debt burden, and collateral, if any. The invention then calculates an expected probability of default for a loan to that customer, and calculate loan terms that will deliver a minimum return on equity (e.g., 18%) given the lender's capital structure and funding rates. These loan terms are then offered to the customer. The customized loan terms include annual percentage rate of the loan, or a yearly fee or loan amount.
    Type: Application
    Filed: October 5, 2001
    Publication date: September 5, 2002
    Applicant: American Express Company
    Inventor: Brian Ericksen