WO2005089289A3 - Method for offering a representation and warranty insurance program to lenders - Google Patents

Method for offering a representation and warranty insurance program to lenders Download PDF

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Publication number
WO2005089289A3
WO2005089289A3 PCT/US2005/008480 US2005008480W WO2005089289A3 WO 2005089289 A3 WO2005089289 A3 WO 2005089289A3 US 2005008480 W US2005008480 W US 2005008480W WO 2005089289 A3 WO2005089289 A3 WO 2005089289A3
Authority
WO
WIPO (PCT)
Prior art keywords
insurance
lenders
offering
representation
insurance program
Prior art date
Application number
PCT/US2005/008480
Other languages
French (fr)
Other versions
WO2005089289A2 (en
WO2005089289A8 (en
Inventor
Arthur J Prieston
Original Assignee
Arthur J Prieston
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Arthur J Prieston filed Critical Arthur J Prieston
Publication of WO2005089289A2 publication Critical patent/WO2005089289A2/en
Publication of WO2005089289A3 publication Critical patent/WO2005089289A3/en
Publication of WO2005089289A8 publication Critical patent/WO2005089289A8/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/03—Credit; Loans; Processing thereof
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Abstract

An insurance program for entities in the mortgage industry that provides coverage for financial loss as a result of material inaccuracies in the financial information provided by or on behalf of the borrower. The insurance program preferably includes the initial insurance application and establishment of an insurance agreement, periodic issuing of individual insurance coverages for particular loans handled by the lender, training and consulting on improved controls for lenders, maintaining an ineligible database of entities and a database of loan information, and handling of claims.
PCT/US2005/008480 2004-03-15 2005-03-15 Method for offering a representation and warranty insurance program to lenders WO2005089289A2 (en)

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US55271204P 2004-03-15 2004-03-15
US60/552,712 2004-03-15
US60083204P 2004-08-12 2004-08-12
US60/600,832 2004-08-12
US11/072,410 US7725386B2 (en) 2004-03-15 2005-03-07 Method for offering representation and warranty insurance for mortgage loans
US11/072,410 2005-03-07

Publications (3)

Publication Number Publication Date
WO2005089289A2 WO2005089289A2 (en) 2005-09-29
WO2005089289A3 true WO2005089289A3 (en) 2006-09-21
WO2005089289A8 WO2005089289A8 (en) 2007-01-04

Family

ID=34923125

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/008480 WO2005089289A2 (en) 2004-03-15 2005-03-15 Method for offering a representation and warranty insurance program to lenders

Country Status (2)

Country Link
US (3) US7725386B2 (en)
WO (1) WO2005089289A2 (en)

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US20010037274A1 (en) * 2000-03-13 2001-11-01 Douglas Monticciolo Method of cost effectively funding a loan
US7881994B1 (en) 2003-09-11 2011-02-01 Fannie Mae Method and system for assessing loan credit risk and performance
US8055518B2 (en) * 2004-03-15 2011-11-08 Arthur J Prieston Method for handling claims arising under representation and warranty insurance for mortgage loans
US20050203779A1 (en) * 2004-03-15 2005-09-15 Prieston Arthur J. Business structure for providing a representation and warranty insurance for mortgage loans
US7707103B2 (en) * 2004-03-15 2010-04-27 Arthur J Prieston System and method for rating lenders
US7725386B2 (en) * 2004-03-15 2010-05-25 Arthur J Prieston Method for offering representation and warranty insurance for mortgage loans
US8311912B2 (en) * 2004-03-15 2012-11-13 Arthur J Prieston Method for determining premiums for representation and warranty insurance for mortgage loans
US8577792B2 (en) * 2004-06-25 2013-11-05 Bank Of America Corporation Foreclosure prevention and protection
US20060020539A1 (en) * 2004-07-22 2006-01-26 Salter Maurice M Insurance program method and system for student loans
US20060095305A1 (en) * 2004-10-29 2006-05-04 Choicepoint, Asset Company Insurance coverage verification
US20090119133A1 (en) * 2005-07-07 2009-05-07 Yeransian Luke W Method and system for policy underwriting and risk management over a network
US20080154686A1 (en) * 2006-12-20 2008-06-26 Robert Keith Vicino Method for Fractional Sale of Property
US20090132298A1 (en) * 2007-11-19 2009-05-21 Constellation Holdings, Llc Mortgage foreclosure insurance product and method for hedging and calculating premiums
US8548829B1 (en) * 2008-02-22 2013-10-01 David Eichenblatt System and method for loan guarantee insurance
US7882027B2 (en) 2008-03-28 2011-02-01 American Express Travel Related Services Company, Inc. Consumer behaviors at lender level
US20130138554A1 (en) * 2011-11-30 2013-05-30 Rawllin International Inc. Dynamic risk assessment and credit standards generation
US20130185101A1 (en) * 2012-01-17 2013-07-18 American International Group, Inc. System, Method, and Computer Program Product for Underwriting Mortgage Loan Insurance
CN103327196B (en) * 2012-03-19 2017-03-15 陈戈 A kind of embedded charging means of communication and its system
AU2012381098A1 (en) * 2012-05-30 2014-12-18 The Dun & Bradstreet Corporation Credit behavior network mapping
US11551316B1 (en) * 2014-09-17 2023-01-10 Bradley Donald Levell System and method of relief and an alternative to foreclosure of real estate mortgage
TWI655597B (en) * 2016-08-25 2019-04-01 第一商業銀行股份有限公司 Guarantee pairing method
TWI607401B (en) * 2016-11-25 2017-12-01 盈智科技有限公司 Multi-factor loan conditions matching system incorporating credit default insurance mechanism
CA2982930A1 (en) 2017-10-18 2019-04-18 Kari Saarenvirta System and method for selecting promotional products for retail
US11887138B2 (en) 2020-03-03 2024-01-30 Daisy Intelligence Corporation System and method for retail price optimization
US11783338B2 (en) * 2021-01-22 2023-10-10 Daisy Intelligence Corporation Systems and methods for outlier detection of transactions

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020103750A1 (en) * 2000-10-05 2002-08-01 Thomas Herzfeld Renewable repriced mortgage guaranty insurance

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US4876648A (en) 1988-01-12 1989-10-24 Lloyd Clarke B System and method for implementing and administering a mortgage plan
US5930776A (en) 1993-11-01 1999-07-27 The Golden 1 Credit Union Lender direct credit evaluation and loan processing system
US5742775A (en) * 1995-01-18 1998-04-21 King; Douglas L. Method and apparatus of creating financial instrument and administering an adjustable rate loan system
US6186793B1 (en) 1995-11-07 2001-02-13 Randall E. Brubaker Process to convert cost and location of a number of actual contingent events within a region into a three dimensional surface over a map that provides for every location within the region its own estimate of expected cost for future contingent events
US6119103A (en) 1997-05-27 2000-09-12 Visa International Service Association Financial risk prediction systems and methods therefor
US6898574B1 (en) 1998-11-09 2005-05-24 John Francis Regan Lender and insurer transaction processing system and method
US6233566B1 (en) 1998-12-31 2001-05-15 Ultraprise Corporation System, method and computer program product for online financial products trading
US20110307364A2 (en) 1999-07-07 2011-12-15 TI Funding Group, L.L.C. Financing of tenant improvements
US7130807B1 (en) 1999-11-22 2006-10-31 Accenture Llp Technology sharing during demand and supply planning in a network-based supply chain environment
US6871140B1 (en) 2000-02-25 2005-03-22 Costar Group, Inc. System and method for collection, distribution, and use of information in connection with commercial real estate
US20010037274A1 (en) * 2000-03-13 2001-11-01 Douglas Monticciolo Method of cost effectively funding a loan
US8145556B2 (en) 2000-04-10 2012-03-27 Tealdi Daniel A Online mortgage approval and settlement system and method therefor
US7146337B1 (en) 2000-09-13 2006-12-05 Precept Corporation System and method for originating loans
CA2326055A1 (en) 2000-11-15 2002-05-15 Reavs Information Technologies Limited Method and system for automated decisioning in financial lending processes
NO20005848D0 (en) * 2000-11-17 2000-11-17 Gunnar Bretvin Procedure and system for issuing and managing a credit insurance portfolio
CA2332255A1 (en) 2001-01-24 2002-07-24 James A. Cole Automated mortgage fraud detection system and method
US7340434B2 (en) * 2001-02-16 2008-03-04 Capitol One Financial Corporation Method and apparatus for monitoring guaranteed loans and notifying guarantors
US8458082B2 (en) * 2001-11-13 2013-06-04 Interthinx, Inc. Automated loan risk assessment system and method
US7689503B2 (en) 2001-11-13 2010-03-30 Interthinx, Inc. Predatory lending detection system and method therefor
US6654727B2 (en) 2001-11-29 2003-11-25 Lynn Tilton Method of securitizing a portfolio of at least 30% distressed commercial loans
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US7716123B2 (en) 2001-12-21 2010-05-11 Ge Mortgage Holdings, Llc Systems and methods for automatic submission, audit and adjustment of mortgage insurance claims
FR2840898B1 (en) * 2002-06-14 2004-08-27 Aventis Pharma Sa HYDRAZIDE OR HYDRAZONE DERIVATIVES OF HEXAHYDROPYRIDAZINE-3-CARBOXYLIC ACID, CHEMOTOTHS AND PHARMACEUTICAL COMPOSITIONS CONTAINING THEM, USE AS MEDICAMENTS, AND METHOD OF PREPARATION
US20040019544A1 (en) 2002-07-29 2004-01-29 Howard Yaruss Method for applying insurance to a loan for real property
US20040019508A1 (en) 2002-07-29 2004-01-29 Howard Yaruss System for providing information related to insurance on a loan for real property
US20030050884A1 (en) * 2002-09-24 2003-03-13 Gary Barnett Securitizing financial assets
WO2004061565A2 (en) * 2002-12-30 2004-07-22 Fannie Mae System and method for facilitating sale of a loan to a secondary market purchaser
US7660771B2 (en) * 2003-10-30 2010-02-09 Wells Fargo Bank, N.A. Express check conversion
US7599882B2 (en) 2003-11-14 2009-10-06 First American Corelogic, Inc. Method for mortgage fraud detection
US20050203854A1 (en) * 2004-02-23 2005-09-15 Pitney Bowes Incorporated Method and system for using a camera cell phone in transactions
US8311912B2 (en) 2004-03-15 2012-11-13 Arthur J Prieston Method for determining premiums for representation and warranty insurance for mortgage loans
US7725386B2 (en) * 2004-03-15 2010-05-25 Arthur J Prieston Method for offering representation and warranty insurance for mortgage loans
US8055518B2 (en) 2004-03-15 2011-11-08 Arthur J Prieston Method for handling claims arising under representation and warranty insurance for mortgage loans
US7707103B2 (en) * 2004-03-15 2010-04-27 Arthur J Prieston System and method for rating lenders
US20050203779A1 (en) 2004-03-15 2005-09-15 Prieston Arthur J. Business structure for providing a representation and warranty insurance for mortgage loans
CA2524227A1 (en) 2004-10-22 2006-04-22 The First American Corporation Product, system and method for certification of closing and mortgage loan fulfillment
US7524119B2 (en) * 2005-02-03 2009-04-28 Paul Sandhu Apparatus and method for viewing radiographs

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020103750A1 (en) * 2000-10-05 2002-08-01 Thomas Herzfeld Renewable repriced mortgage guaranty insurance

Also Published As

Publication number Publication date
US20050203832A1 (en) 2005-09-15
US20100235200A1 (en) 2010-09-16
US20100235199A1 (en) 2010-09-16
WO2005089289A2 (en) 2005-09-29
US7725386B2 (en) 2010-05-25
WO2005089289A8 (en) 2007-01-04

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