Patents by Inventor Suresh Payankannur

Suresh Payankannur 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: 20100023440
    Abstract: The invention provides a method and system for trading loans in real time. Loan applications, such as home mortgage loan applications, are made available electronically to receive bids from a plurality of potential lenders. A transaction server maintains a database of pending loan applications and their statuses, which is accessible over a communications channel, such as the Internet. Each party to a loan can search and modify the database consistent with their role in a transaction. The invention provides smart computerized administration that ensures personal preferences of the participating parties are enforced, errors and duplication is avoided, and information relating to accumulated data is available to the parties consistent with their roles.
    Type: Application
    Filed: July 16, 2009
    Publication date: January 28, 2010
    Applicant: IMX, INC.
    Inventors: Stephen K. Fraser, Sadashiv Adiga, Suresh Payankannur
  • Publication number: 20100023446
    Abstract: The invention provides a method and system for trading loans in real time. Loan applications, such as home mortgage loan applications, are made available electronically to receive bids from a plurality of potential lenders. A transaction server maintains a database of pending loan applications and their statuses, which is accessible over a communications channel, such as the Internet. Each party to a loan can search and modify the database consistent with their role in a transaction. The invention provides smart computerized administration that ensures personal preferences of the participating parties are enforced, errors and duplication is avoided, and information relating to accumulated data is available to the parties consistent with their roles.
    Type: Application
    Filed: July 16, 2009
    Publication date: January 28, 2010
    Applicant: IMX, INC.
    Inventors: Stephen K. Fraser, Sadashiv Adiga, Suresh Payankannur
  • Publication number: 20060190394
    Abstract: The invention provides a method and system for trading loans in real time. Loan applications, such as home mortgage loan applications, are made available electronically to receive bids from a plurality of potential lenders. A transaction server maintains a database of pending loan applications and their statuses, which is accessible over a communications channel, such as the Internet. Each party to a loan can search and modify the database consistent with their role in a transaction. The invention provides smart computerized administration that ensures personal preferences of the participating parties are enforced, errors and duplication is avoided, and information relating to accumulated data is available to the parties consistent with their roles.
    Type: Application
    Filed: October 11, 2005
    Publication date: August 24, 2006
    Inventors: Stephen Fraser, Sadashiv Adiga, Suresh Payankannur
  • Patent number: 5995947
    Abstract: The invention provides a method and system for trading loans in real time by making loan applications, such as home mortgage loan applications, and placing them up for bid by a plurality of potential lenders. A transaction server maintains a database of pending loan applications and their statuses; each party to the loan can search and modify that database consistent with their role in the transaction, by requests to the server from a client device identified with their role. Brokers at a broker station can add loan applications, can review the status of loan applications entered by that broker, are notified of lender's bids on their loans, and can accept bids by lenders. Lenders at a lender station can search the database for particular desired types of loans, can sort selected loans by particular desired criteria, can bid on loan applications, and are notified when their bids are accepted.
    Type: Grant
    Filed: September 12, 1997
    Date of Patent: November 30, 1999
    Assignee: IMX Mortgage Exchange
    Inventors: Stephen K. Fraser, Sadashiv Adiga, Suresh Payankannur