Patents by Inventor Daniel J. Cavey

Daniel J. Cavey 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).

  • Method and system for credit decisioning using activity based costing and compartmental modeling
    Patent number: 7966254
    Abstract: Method and system for credit decisioning using activity based costing and compartmental modeling. Credit product profitability for a financial institution using credit scorecards is improved by providing an analysis that results in a recommended credit cutoff score for a particular loan product. The selected cutoff score is determined with input including pass and bad rate parameters for the pertinent scorecard, workflow analysis for the loan process, compartmental modeling of the workflow, and activity based costing (ABC) for the workflow. In some embodiments, data related to portions of the analysis for a particular scorecard is saved for re-use, so that a new cutoff score for a particular type of loan can be determined relatively quickly and easily if only the financial institution's costs have changed.
    Type: Grant
    Filed: January 29, 2003
    Date of Patent: June 21, 2011
    Assignee: Bank of America Corporation
    Inventor: Daniel J. Cavey
  • Method and system for credit decisioning using activity based costing and compartmental modeling
    Publication number: 20040153397
    Abstract: Method and system for credit decisioning using activity based costing and compartmental modeling. Credit product profitability for a financial institution using credit scorecards is improved by providing an analysis that results in a recommended credit cutoff score for a particular loan product. The selected cutoff score is determined with input including pass and bad rate parameters for the pertinent scorecard, workflow analysis for the loan process, compartmental modeling of the workflow, and activity based costing (ABC) for the workflow. In some embodiments, data related to portions of the analysis for a particular scorecard is saved for re-use, so that a new cutoff score for a particular type of loan can be determined relatively quickly and easily if only the financial institution's costs have changed.
    Type: Application
    Filed: January 29, 2003
    Publication date: August 5, 2004
    Inventor: Daniel J. Cavey