Patents by Inventor Larry L. Steele

Larry L. Steele 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 apparatus for automatically determining the approval status of a potential borrower
    Patent number: 5239462
    Abstract: A method and apparatus are provided for the real-time automatic determination of the approval status of a potential borrower of a loan. The method includes (1) transmitting an image of a form by facsimile transmission to a control location, wherein the form contains predefined information applicable to the potential borrower in spaces located at predetermined locations; (2) automatically receiving the image of the form by facsimile transmission at the control location; (3) automatically scanning and interpreting the image of the form to obtain the predefined information; (4) automatically determining at the control location the approval status of the potential borrower according to criteria provided by a lender, wherein the determining step utilizes the predefined information; and (6) automatically transmitting information regarding the approval status from the control location to the potential borrower.
    Type: Grant
    Filed: February 25, 1992
    Date of Patent: August 24, 1993
    Assignee: Creative Solutions Groups, Inc.
    Inventors: Robert M. Jones, Charles F. Goetz, Larry L. Steele