Document manifest and publication in association with dataset quality control
View Patent ↗Quality control for determinations that documents are accurate and sufficient to support various transactions. In one aspect, a document manifest is provided in connection with quality control results and corresponding reports. The document manifest lists documents that are required for a particular transaction. The list may also be associated with document publication pursuant to the transaction. The document publication aspect allows dataset quality control procedures to be associated with documents published for a transaction. This aspect also allows confirmation that the appropriate version of the published set of documents is or was used for the transaction.
1. A method for publishing a set of documents corresponding to a mortgage loan application and confirming that the mortgage loan will be subsequently marketable to an investor in the secondary mortgage market, the method comprising:
receiving a request to publish a set of documents that are usable in a closing for the mortgage loan;
accessing an electronic mortgage dataset that is used to populate the set of documents;
applying a quality control process to the electronic mortgage dataset to verify that the electronic mortgage dataset is sufficient to populate and accurately provide the set of documents, and to verify that the electronic mortgage data set complies with a rule set that applies to determine whether the electronic mortgage dataset includes elements that support transferring the loan to the investor;
accommodating a publication of the set of documents by retaining a publication indication in association with the electronic mortgage dataset, the publication indication indicating a publication status for documents created from the electronic mortgage dataset while the electronic mortgage dataset remains in an unchanged state; and
providing a quality control report that lists documents in the set of documents, associates the set of documents to the electronic mortgage dataset, and verifies the publication of the set of documents.
2. The method of claim 1 , further comprising:
maintaining a version identifier in association with the publication of the set of documents; and
providing the version identifier on displayed versions of the set of documents.
3. The method of claim 2 , wherein the displayed versions are printed versions.
4. The method of claim 3 , wherein the version identifier includes a numeral that is incremented for each publication version of the set of documents.
5. The method of claim 2 , wherein the quality control report indicates the version identifier in association with the listed documents.
6. The method of claim 1 , further comprising:
receiving changes to the electronic mortgage dataset following the publication of the set of documents, the changes resulting in an altered electronic mortgage dataset; and
removing the publication indication from association with the altered electronic mortgage dataset, whereby publication status will not be indicated as applicable to the altered electronic mortgage dataset.
7. The method of claim 6 , further comprising:
receiving a second request to publish the set of documents;
accessing the altered electronic mortgage dataset;
applying the quality control process to the altered electronic mortgage dataset to verify that the altered electronic mortgage dataset is sufficient to populate and accurately provide the set of documents; and
accommodating a second publication of the set of documents by retaining the publication indication in association with the altered electronic mortgage dataset, the publication indication indicating a publication status for documents created from the altered electronic mortgage dataset while the altered electronic mortgage dataset remains in an unchanged state.
8. The method of claim 7 , further comprising:
maintaining a version identifier in association with each publication of the set of documents;
incrementing the version identifier in accommodating the second publication of the set of documents; and
providing the version identifier on displayed versions of each of the set of documents.
9. The method of claim 1 , wherein the quality control process comprises the steps of:
identifying whether data used to populate a lender's set of documents differs from data used to populate a closing agent's set of documents;
identifying errors in the data contained in a the lender's loan origination system;
identifying whether data used to populate the closing agent's set of documents contained errors; and
identifying whether data used to populate the closing agent's set of documents differs from current data in the closing agent's loan origination system.
10. An apparatus for publishing a set of documents corresponding to a mortgage loan application and confirming that the mortgage loan will be subsequently marketable to an investor in the secondary mortgage market, the apparatus comprising:
an EQC request module, which receives a request to publish a set of documents that are usable in a closing for the mortgage loan;
an EQC rules engine, in operative communication with the EQC request module, which accesses an electronic mortgage dataset that is used to populate the set of documents and applies a quality control process to the electronic mortgage dataset to verify that the electronic mortgage dataset is sufficient to populate and accurately provide the set of documents, and to verify that the electronic mortgage data set complies with a rule set that applies to determine whether the electronic mortgage dataset includes elements that support transferring the loan to the investor; and
an EQC results module, in operative communication with the EQC request module and the EQC rules engine, which accommodates a publication of the set of documents by retaining a publication indication in association with the electronic mortgage dataset, the publication indication indicating a publication status for documents created from the electronic mortgage dataset while the electronic mortgage dataset remains in an unchanged state, and provides a quality control report that lists documents in the set of documents, associates the set of documents to the electronic mortgage dataset, and verifies the publication of the set of documents.
11. The apparatus of claim 10 , wherein the EQC results module also maintains a version identifier in association with the publication of the set of documents, and provides the version identifier on displayed versions of the set of documents.
12. The apparatus of claim 11 , wherein the displayed versions are printed versions.
13. The apparatus of claim 12 , wherein the version identifier includes a numeral that is incremented for each publication version of the set of documents.
14. The apparatus of claim 11 , wherein the quality control report indicates the version identifier in association with the listed documents.
15. The apparatus of claim 10 , wherein the EQC rules engine receives an indication of changes to the electronic mortgage dataset following the publication of the set of documents, the changes resulting in an altered electronic mortgage dataset, whereupon the publication indication is removed from association with the altered electronic mortgage dataset.
16. The apparatus of claim 15 , wherein the EQC request module receives a second request to publish the set of documents, and in response the EQC rules engine accesses the altered electronic mortgage dataset and applies the quality control process to the altered electronic mortgage dataset to verify that the altered electronic mortgage dataset is sufficient to populate and accurately provide the set of documents, and the EQC results module accommodates a second publication of the set of documents by retaining the publication indication in association with the altered electronic mortgage dataset, the publication indication indicating a publication status for documents created from the altered electronic mortgage dataset while the altered electronic mortgage dataset remains in an unchanged state.
17. The apparatus of claim 16 , wherein the EQC results module maintains a version identifier in association with each publication of the set of documents, increments the version identifier in accommodating the second publication of the set of documents, and provides the version identifier on displayed versions of each of the set of documents.
18. The apparatus of claim 10 , wherein the quality control process applied by the EQC rules engine comprises the steps of:
identifying whether data used to populate a lender's set of documents differs from data used to populate a closing agent's set of documents;
identifying errors in the data contained in a the lender's loan origination system;
identifying whether data used to populate the closing agent's set of documents contained errors; and
identifying whether data used to populate the closing agent's set of documents differs from current data in the closing agent's system.
19. An apparatus for publishing a set of documents corresponding to mortgage loan applications and confirming that the mortgage loans will be subsequently marketable to an investor in the secondary mortgage market, the apparatus comprising:
means for receiving a request to publish a set of documents that are usable in a closing for the mortgage loan;
means for accessing an electronic mortgage dataset that is used to populate the set of documents;
means for applying a quality control process to the electronic mortgage dataset to verify that the electronic mortgage dataset is sufficient to populate and accurately provide the set of documents and to verify that the electronic mortgage data set complies with a rule set that applies to determine whether the electronic mortgage dataset includes elements that support transferring the loan;
means for accommodating a publication of the set of documents by retaining a publication indication in association with the electronic mortgage dataset, the publication indication indicating a publication status for documents created from the electronic mortgage dataset while the electronic mortgage dataset remains in an unchanged state; and
means for providing a quality control report that lists documents in the set of documents, associates the set of documents to the electronic mortgage dataset, and verifies the publication of the set of documents.
20. The apparatus of claim 19 , further comprising:
means for maintaining a version identifier in association with the publication of the set of documents; and
means for providing the version identifier on displayed versions of the set of documents.
21. The apparatus of claim 20 , wherein the displayed versions are printed versions.
22. The apparatus of claim 21 , wherein the version identifier includes a numeral that is incremented for each publication version of the set of documents.
23. The method of claim 20 , wherein the quality control report indicates the version identifier in association with the listed documents.
24. The apparatus of claim 19 , further comprising:
means for receiving changes to the electronic mortgage dataset following the publication of the set of documents, the changes resulting in an altered electronic mortgage dataset; and
means for removing the publication indication from association with the altered electronic mortgage dataset, whereby publication status will not be indicated as applicable to the altered electronic mortgage dataset.
25. The apparatus of claim 19 , wherein the quality control process comprises the steps of:
identifying whether data used to populate a lender's set of documents differs from data used to populate a closing agent's set of documents;
identifying errors in the data contained in a the lender's loan origination system;
identifying whether data used to populate the closing agent's set of documents contained errors; and
identifying whether data used to populate the closing agent's set of documents differs from current data in the closing agent's loan origination system.