Patents by Inventor Daniel Tom

Daniel Tom 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).

  • Publication number: 20030069837
    Abstract: A system, method, means, apparatus, and computer program code for clearing an automobile contract where a dealer has or will be providing financing to a purchaser of the automobile. According to embodiments of the present invention, one or more contract parameters for sale of an automobile are established or otherwise determined. Once at least one contract parameter is determined or established, a dealer or another party one behalf of the dealer, may auction the contract among one or more lenders. A lender may be notified of a contract available via auction by receiving a communication (e.g., email message, telephone call) regarding the contract. Once a winning bid for a contract is determined, the dealer or party conducting the auction may notify the winning lender, automobile purchaser, etc. Also, a dealer may sell the contract to the lender in accordance with the lender's winning bid.
    Type: Application
    Filed: October 4, 2001
    Publication date: April 10, 2003
    Inventors: Timothy J. Mills, Daniel Tom
  • Publication number: 20020198822
    Abstract: A system and method of evaluating an application for a financial product includes receiving application data. Expected loss data are calculated, based at least in part on the application data. A return on investment for the application is then calculated based at least in part on the expected loss data. The calculated return on investment is then compared to an expected return on investment for the financial product to make an approval decision.
    Type: Application
    Filed: June 21, 2001
    Publication date: December 26, 2002
    Inventors: Rodrigo Munoz, Daniel Tom
  • Publication number: 20020198819
    Abstract: A system, method, apparatus, computer program code and means for pricing a financial product includes first receiving application data. A price for the financial product is selected. Based on the application data, expected loss data for the application is calculated. A potential return on investment (ROI) for the application is then calculated based at least in part on the expected loss data and the price. The application, with the selected price, is approved if the potential ROI is within a target ROI.
    Type: Application
    Filed: June 21, 2001
    Publication date: December 26, 2002
    Inventors: Rodrigo Munoz, Daniel Tom
  • Patent number: 5696907
    Abstract: The present invention discloses a method and system for performing risk and credit analysis of financial service applications with a neural network. The neural network imitates and perfects a credit manager's evaluation and decision process to control loss and guide business expansion. In particular, the neural network screens applications to control loss and to find directions where business volume can increase with a minimum increase in loss. Initially, data variables are pre-processed and applied to the neural network. The neural network in the present invention is optimized by a non-iterative regression process, as opposed to the computationally intensive back propagation algorithm.
    Type: Grant
    Filed: February 27, 1995
    Date of Patent: December 9, 1997
    Assignee: General Electric Company
    Inventor: Mohimm Daniel Tom