Patents by Inventor William R. Nolan

William R. Nolan 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).

  • Patent number: 8515861
    Abstract: A method for facilitating sale of a loan by a seller to a purchaser where the seller and the purchaser have an agreement regarding the sale of loans including terms and the loan has a set of loan data. The method includes determining a price for the loan prior to selling the loan to the purchaser. The price is based on at least the set of loan data and the terms for the agreement. The method also includes applying a set of business rules to the set of loan data prior to selling the loan to the purchaser to identify compliance with terms of the agreement and/or errors in the loan data.
    Type: Grant
    Filed: September 22, 2006
    Date of Patent: August 20, 2013
    Assignee: Fannie Mae
    Inventors: John E. Gang, William R. Nolan, III, John L. Kemper, David N. Voth, Peter G. Kopperman
  • Patent number: 8032450
    Abstract: The processing of loans techniques includes a system, and a method. In some embodiments, the system includes a processor, a machine readable storage media, a committing logic, and a user interface. The committing logic is configured to permit a seller of a plurality of mortgage loans to enter into and update commitments to sell the plurality of mortgage loans in secondary mortgage market. The user interface logic is configured to provide an Internet-enabled interface to permit the seller to access the committing logic and to receive the commitments to sell the plurality of mortgage loans by way of the Internet. This Abstract is provided for the sole purpose of complying with the Abstract requirement rules. This Abstract is submitted with the explicit understanding that it will not be used to interpret or to limit the scope or the meaning of the claims.
    Type: Grant
    Filed: June 10, 2010
    Date of Patent: October 4, 2011
    Assignee: Fannie Mae
    Inventors: John L. Kemper, William R. Nolan, III
  • Patent number: 7979346
    Abstract: A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.
    Type: Grant
    Filed: October 1, 2010
    Date of Patent: July 12, 2011
    Assignee: Fannie Mae
    Inventors: William R. Nolan, III, John L. Kemper, David N. Voth, Peter G. Kopperman
  • Publication number: 20110112955
    Abstract: A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.
    Type: Application
    Filed: October 1, 2010
    Publication date: May 12, 2011
    Inventors: William R. Nolan, III, John L. Kemper, David N. Voth, Peter G. Kopperman
  • Publication number: 20100312684
    Abstract: The processing of loans techniques includes a system, and a method. In some embodiments, the system includes a processor, a machine readable storage media, a committing logic, and a user interface. The committing logic is configured to permit a seller of a plurality of mortgage loans to enter into and update commitments to sell the plurality of mortgage loans in secondary mortgage market. The user interface logic is configured to provide an Internet-enabled interface to permit the seller to access the committing logic and to receive the commitments to sell the plurality of mortgage loans by way of the Internet. This Abstract is provided for the sole purpose of complying with the Abstract requirement rules. This Abstract is submitted with the explicit understanding that it will not be used to interpret or to limit the scope or the meaning of the claims.
    Type: Application
    Filed: June 10, 2010
    Publication date: December 9, 2010
    Inventors: John L. Kemper, William R. Nolan, III
  • Patent number: 7809633
    Abstract: A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.
    Type: Grant
    Filed: December 16, 2003
    Date of Patent: October 5, 2010
    Assignee: Fannie Mae
    Inventors: William R. Nolan, III, John L. Kemper, David N. Voth, Peter G. Kopperman
  • Patent number: 7742981
    Abstract: An Internet-enabled interface for receiving commitments to sell mortgage loans. The interface includes a plurality of loan commitment input fields configured to receive loan commitment data. The data input fields include at least a loan type input field, a commitment amount input field, and a commitment period input field. The interface further includes at least one loan commitment output field including loan commitment price information; and a loan commitment transaction button configured to initiate automatic processing of the loan commitment data to create a loan commitment.
    Type: Grant
    Filed: December 16, 2004
    Date of Patent: June 22, 2010
    Assignee: Fannie Mae
    Inventors: John L. Kemper, William R. Nolan, III
  • Patent number: 7340424
    Abstract: A method for facilitating sale of a loan by a seller to a purchaser where the seller and the purchaser have an agreement regarding the sale of loans including terms and the loan has a set of loan data. The method includes determining a price for the loan prior to selling the loan to the purchaser. The price is based on at least the set of loan data and the terms for the agreement. The method also includes applying a set of business rules to the set of loan data prior to selling the loan to the purchaser to identify compliance with terms of the agreement and/or errors in the loan data.
    Type: Grant
    Filed: December 16, 2003
    Date of Patent: March 4, 2008
    Assignee: Fannie Mae
    Inventors: John E. Gang, William R. Nolan, III, John L. Kemper, David N. Voth, Peter G. Kopperman
  • Publication number: 20040225595
    Abstract: A method of displaying information in a data processing system for processing loan information is described. The method comprises receiving a selection of a product type, wherein the product type is a type of home mortgage loan including a unique set of attributes, receiving a request to associate a unique seller marketing name with the product type, storing the association of the unique seller marketing name with the product type, and displaying the unique seller marketing name in place of or in addition to the product type following the association.
    Type: Application
    Filed: December 17, 2003
    Publication date: November 11, 2004
    Applicant: Fannie Mae
    Inventor: William R. Nolan
  • Publication number: 20040225594
    Abstract: A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.
    Type: Application
    Filed: December 16, 2003
    Publication date: November 11, 2004
    Applicant: Fannie Mae
    Inventors: William R. Nolan, John L. Kemper, David N. Voth, Peter G. Kopperman
  • Publication number: 20040220873
    Abstract: A data processing system for processing data regarding a plurality of different types of loan products defines the plurality of types of loan products using a plurality of attributes. The different types of loan products are defined using different combinations of the plurality of attributes and/or different values for selected ones of the plurality of attributes.
    Type: Application
    Filed: December 17, 2003
    Publication date: November 4, 2004
    Applicant: Fannie Mae
    Inventors: William R. Nolan, John L. Kemper, John A. Simonds, Mark D. Mathewson
  • Publication number: 20040215553
    Abstract: A method for facilitating sale of a loan by a seller to a purchaser where the seller and the purchaser have an agreement regarding the sale of loans including terms and the loan has a set of loan data. The method includes determining a price for the loan prior to selling the loan to the purchaser. The price is based on at least the set of loan data and the terms for the agreement. The method also includes applying a set of business rules to the set of loan data prior to selling the loan to the purchaser to identify compliance with terms of the agreement and/or errors in the loan data.
    Type: Application
    Filed: December 16, 2003
    Publication date: October 28, 2004
    Applicant: Fannie Mae
    Inventors: John E. Gang, William R. Nolan, John L. Kemper, David N. Voth, Peter G. Kopperman