Transaction management system
The present invention is directed towards methods, apparatuses, and systems for facilitating and enhancing processes associated with financial transactions. The present invention monitors and manages transaction-level work flows, and facilitates coordination of the tasks and operations associated with financial transactions. Embodiments of the present invention also allow for automation of various deal management, collateral analysis and due diligence processes associated with financial transactions. In one embodiment, the present invention facilitates tasks and processes associated with the purchase and sale of whole loans.
1 . An apparatus facilitating analysis of a pool of loans, comprising:
a loan tracking system operative to store loan-level data in association with corresponding loans in a portfolio; and
a tape analyst module operative to compare a pool of loans against remaining loans in the loan tracking system to allow for a determination of how acquisition of the pool of loans would affect the risk profile of the resulting portfolio.
2 . The apparatus of claim 1 , wherein the loan tracking system maintains loan-level data for inactive loans outside the portfolio, and wherein the tape analyst module is operative to compare the pool of loans against the inactive loans.
3 . The apparatus of claim 2 , wherein the tape analyst module is operative to determine whether any borrower associated with a loan in the pool is associated with an active or inactive loan in the loan tracking system.
4 . The apparatus of claim 2 , wherein the tape analyst module is operative to identify loans in the pool having matching addresses with loans in the loan tracking system.
5 . The apparatus of claim 2 , wherein the tape analyst module is operative to determine the number of loans in the pool whose properties lie in the same zip code as active loans in the portfolio.
6 . The apparatus of claim 2 , wherein the tape analyst module facilitates generation of requests to a fraud scoring application operative to assign a fraud score to selected loans in the pool.
7 . The apparatus of claim 2 , wherein the tape analyst module facilitates generation of requests to an automated underwriting application service operative to segregate the pool of loans into predefined categories based on an underwriting rule set.
8 . The apparatus of claim 1 further comprising a presentation engine operative to generate a report detailing how acquisition of the pool of loans affects the risk profile of the portfolio of active loans.