Patents by Inventor Robert H. Eshleman
Robert H. Eshleman 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).
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Patent number: 8577792Abstract: A method for process monitoring is disclosed. A borrower is offered a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan. The proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection (PP) entity on behalf of the borrower in response to a covered event occurring.Type: GrantFiled: July 7, 2010Date of Patent: November 5, 2013Assignee: Bank of America CorporationInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Patent number: 8380620Abstract: A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments. If income curtailment has occurred, a determination is made as to what portion of the periodic payment is to be covered on behalf of the borrower. The determined portion of the periodic payment is covered by an entity other than the borrower on behalf of the borrower.Type: GrantFiled: July 7, 2010Date of Patent: February 19, 2013Assignee: Bank of America CorporationInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Patent number: 8190516Abstract: Systems and methods are illustrated for providing an equity protection product to a borrower of a loan. Aspects of the equity protection product may be implemented using an equity protection agreement. The equity protection product may be used to safeguard a borrower's investment in the event of a housing market downturn. In some examples, once the equity protection is purchased, the borrower's equity can only increase or remain stable (i.e., flat) regardless of market conditions. The payoff amount of the borrower's loan may be reduced to compensate for a change in the market value of the borrower's home. The equity protection product may be provided by a lending institution, bank, or any other comparable entity/person. A trading desk may also be used to hedge against the risk created by the equity protection product. In addition, an appraiser may also be used to evaluate and provide current market values of the relevant property.Type: GrantFiled: January 10, 2011Date of Patent: May 29, 2012Assignee: Bank of America CorporationInventors: Debashis Ghosh, Sudeshna Banerjee, William Michael Upchurch, Robert H. Eshleman, Christopher James Trainor, Frank B. Turner
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Publication number: 20120046974Abstract: Embodiments of the invention include systems, methods, and computer-program products that provide for a unique unemployment insurance underwriting system. In one embodiment of the invention, the unemployment insurance underwriting system receives a request to enroll in the unemployment insurance from a user. The system then receives data associated with the user from a financial institution. The system then determines the benefits to be paid to the user based, in some cases, on the data received from the financial institution. The system then determines whether the user qualifies to enroll in the unemployment insurance based on the benefits and the user data. In an embodiment of the invention, the unemployment insurance provides benefits for monthly expenses to users that have become involuntarily unemployed.Type: ApplicationFiled: August 23, 2010Publication date: February 23, 2012Applicant: BANK OF AMERICA CORPORATIONInventors: Robert H. Eshleman, Robert M. Mauldin, III, Allan S. Voltz, III, Jeffrey H. Bierer
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Publication number: 20120046973Abstract: Embodiments of the invention include systems, methods, and computer-program products that provide for a unique unemployment insurance marketing system. In one embodiment of the invention, the unemployment insurance marketing system determines selection criteria for the unemployment insurance product. The system then receives data associated with a user, the data received from a financial institution. The system compares the selection criteria with the user data to determine whether the user qualifies to receive an offer. If the user qualifies to receive an offer, the system offers the unemployment insurance to the user. In another embodiment of the invention, the offer is customized to the user's expenses. For example, the offer may be customized based on user's expenses in an online bill payment system.Type: ApplicationFiled: August 23, 2010Publication date: February 23, 2012Applicant: BANK OF AMERICA CORPORATIONInventors: Robert H. Eshleman, Robert M. Mauldin, III, Allan S. Voltz, III, Jeffrey H. Bierer
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Publication number: 20110178920Abstract: Systems and methods are illustrated for providing an equity protection product to a borrower of a loan. Aspects of the equity protection product may be implemented using an equity protection agreement. The equity protection product may be used to safeguard a borrower's investment in the event of a housing market downturn. In some examples, once the equity protection is purchased, the borrower's equity can only increase or remain stable (i.e., flat) regardless of market conditions. The payoff amount of the borrower's loan may be reduced to compensate for a change in the market value of the borrower's home. The equity protection product may be provided by a lending institution, bank, or any other comparable entity/person. A trading desk may also be used to hedge against the risk created by the equity protection product. In addition, an appraiser may also be used to evaluate and provide current market values of the relevant property.Type: ApplicationFiled: January 10, 2011Publication date: July 21, 2011Applicant: BANK OF AMERICA CORPORATIONInventors: Debashis Ghosh, Sudeshna Banerjee, William Michael Upchurch, Robert H. Eshleman, Christopher James Trainor, Frank B. Turner
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Patent number: 7917431Abstract: Systems and methods are illustrated for providing an equity protection product to a borrower of a loan. Aspects of the equity protection product may be implemented using an equity protection agreement. The equity protection product may be used to safeguard a borrower's investment in the event of a housing market downturn. In some examples, once the equity protection is purchased, the borrower's equity can only increase or remain stable (i.e., flat) regardless of market conditions. The payoff amount of the borrower's loan may be reduced to compensate for a change in the market value of the borrower's home. The equity protection product may be provided by a lending institution, bank, or any other comparable entity/person. A trading desk may also be used to hedge against the risk created by the equity protection product. In addition, an appraiser may also be used to evaluate and provide current market values of the relevant property.Type: GrantFiled: May 18, 2007Date of Patent: March 29, 2011Assignee: Bank of America CorporationInventors: Debashis Ghosh, Sudeshna Banerjee, William Michael Upchurch, Robert H. Eshleman, Christopher James Trainor, Frank B. Turner
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Publication number: 20100293083Abstract: A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments in order for the borrower to avoid defaulting on the loan. If income curtailment has occurred, a determination is made as to what portion of the periodic payment is to be covered on behalf of the borrower. The determined portion of the periodic payment is covered by an entity other than the borrower on behalf of the borrower.Type: ApplicationFiled: July 7, 2010Publication date: November 18, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Publication number: 20100293092Abstract: A method for process monitoring is disclosed. A borrower is offered a foreclosure prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the foreclosure prevention and protection plan. The foreclosure prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a foreclosure prevention and protection (FPP) entity on behalf of the borrower in response to a covered event occurring. The foreclosure prevention and protection plan additionally may allow for paying/cancelling the debt's investor in response to loss of the property by the borrower.Type: ApplicationFiled: July 7, 2010Publication date: November 18, 2010Applicant: BANK OF AMERICA CORPORATIONInventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
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Publication number: 20080288415Abstract: Systems and methods are illustrated for providing an equity protection product to a borrower of a loan. Aspects of the equity protection product may be implemented using an equity protection agreement. The equity protection product may be used to safeguard a borrower's investment in the event of a housing market downturn. In some examples, once the equity protection is purchased, the borrower's equity can only increase or remain stable (i.e., flat) regardless of market conditions. The payoff amount of the borrower's loan may be reduced to compensate for a change in the market value of the borrower's home. The equity protection product may be provided by a lending institution, bank, or any other comparable entity/person. A trading desk may also be used to hedge against the risk created by the equity protection product. In addition, an appraiser may also be used to evaluate and provide current market values of the relevant property.Type: ApplicationFiled: May 18, 2007Publication date: November 20, 2008Applicant: Bank of AmericaInventors: Debashis Ghosh, Sudeshna Banerjee, William Michael Upchurch, Robert H. Eshleman, Christopher James trainor, Frank B. Turner