06029149 is referenced by 448 patents and cites 13 patents.

An apparatus and method for automatic credit evaluation and loan processing is disclosed. The apparatus includes a central processing unit which has capabilities for communicating with off-site remote access terminals. The central processing unit also includes facsimile transmission capabilities as well as capabilities for communicating with credit bureau computers. Mass storage capabilities are included for storing program modules executable on the central processing unit and for maintaining databases. Program modules are provided for remote access security, credit bureau information processing, credit scoring, message display, and facsimile generation. In operation, the central processing unit is accessed from a remote terminal, loan application information is entered into the remote terminal, credit bureau information is accessed by the apparatus, credit scoring is performed, and a loan application is approved or declined. All steps, except for the entering of loan application information into the remote terminal, are fully automated, require no intermediate human intervention, and no intermediate handling of paper records. Application status is provided to the user via a visual display on the remote access terminal and hard copy confirmation to the user and lender via facsimile transmission.

Title
Lender direct credit evaluation and loan processing system
Application Number
146692
Publication Number
6029149
Application Date
April 26, 1999
Publication Date
February 22, 2000
Inventor
Patricia M Wade
Meadow Vista
CA, US
Diana R Dykstra
Newcastle
CA, US
Agent
John P O Banion
Assignee
The Golden 1 Credit Union
CA, US
IPC
G06F 17/60
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