METHOD AND SYSTEM FOR SELECTING QUALIFICATION FORMS FOR FINANCIAL SERVICES AND FINANCIAL PRODUCTS
According to a first aspect of the invention, a method for coordinating an electronic credit qualification form between an Internet user and a plurality of lending institutions via the Internet is provided. This method of the first aspect of the invention involves a special loan processing computer that automatically applies a first filter to the data. According to a second aspect of the invention, a second filter can be applied to qualification form data that remains after the first filter. This second filter can by customized by a financial service provider who can also control the process of applying the second filter in a semi-manual manner.
1 . A method for selecting a qualification form from a group of qualification forms that address at least one of a financial service and product, comprising:
filtering qualification forms automatically with first selection criteria; and
filtering qualification forms remaining after automatic filtering with second selection criteria.
2 . The method of claim 1 , wherein filtering qualification forms automatically further comprises filtering in response to receiving a qualification form transmitted electronically by a consumer.
3 . The method of claim 1 , wherein filtering qualification forms remaining after automatic filtering with second selection criteria further comprises receiving the second selection criteria from a financial service provider.
4 . The method of claim 1 , wherein filtering qualification forms automatically further comprises tracking those qualification forms that did not receiving a threshold number of offers from one or more financial service providers.
5 . The method of claim 1 , further comprising employing first selection criteria that is different from the second selection criteria.
6 . The method of claim 1 , further comprising employing first selection criteria that is more conservative than the second selection criteria.
7 . The method of claim 1 , further comprising selecting qualification forms individually from a group of qualification forms.
8 . The method of claim 1 , wherein the at least one of a financial service and product comprises one of a small business loan, a commercial mortgage, a first mortgage, a second mortgage, a car loan, a student loan, a personal loan, a credit card, a bank account, a stock brokerage account, and a retirement account.
9 . A method for selecting qualification forms for providing one of a financial service and product, comprising:
receiving selection criteria comprising parameters pertaining to information fields contained within qualification forums stored in a database;
filtering the qualification forums with the selection criteria;
displaying a list of qualification forms matching the selection criteria and organized based in accordance with the selection criteria; and
receiving a selection of one or more individual qualification forms that are displayed.
10 . The method of claim 9 , further comprising receiving data for customizing the selection criteria.
11 . The method of claim 9 , receiving a request for purchasing the selection of one or more qualification forms.
12 . The method of claim 9 , further comprising identifying a qualification forum as purchased in a database containing a plurality of qualification forums.
13 . The method of claim 9 , further comprising restricting access to a qualification forum that has been purchased by a financial service provider.
14 . The method of claim 9 , further comprising restricting access to a qualification forum such that only one financial service provider can purchase a qualification forum.
15 . The method of claim 9 , wherein the at least one of a financial service and product comprises one of a small business loan, a commercial mortgage, a first mortgage, a second mortgage, a car loan, a student loan, a personal loan, a credit card, a bank account, a stock brokerage account, and a retirement account.
16 . A method for selling qualification forms over a computer network comprising:
receiving parameters for customizing a search on a plurality of qualification forms stored in a database;
conducting the search on the plurality of qualification forms stored in the database based on the received parameters;
organizing qualification forms matching the parameters based on the parameters; displaying the qualification forms matching the customized search; and
receiving data for marking one or more qualification forums for purchase.
17 . The method of claim 16 , wherein displaying the qualification forums matching the customized search further comprises displaying a portion of information contained in the qualification form.
18 . The method of claim 16 , further comprising:
confirming a purchase of one or more qualification forums; and
making all information contained in the one or more qualification forums available after confirmation of purchase.
19 . The method of claim 16 , further comprising:
confirming a purchase of one or more qualification forums; and
making contact information contained in the one or more qualification forums available after confirmation of purchase.
20 . The method of claim 1 , wherein the qualification forums contain data pertaining to one of a financial service and financial product, the financial service and product comprising at least one of a small business loan, a commercial mortgage, a first mortgage, a second mortgage, a car loan, a student loan, a personal loan, a credit card, a bank account, a stock brokerage account, and a retirement account.
21 . A method for identifying a financial service provider for a business transaction, comprising:
receiving selection criteria from a financial service provider;
receiving qualification form data from one of a qualification form applicant and financial service provider; and
automatically applying the selection criteria to determine if the qualification form data falls within the selection criteria.
22 . The method of claim 21 , wherein receiving qualification form data from one of the qualification form applicant and financial service provider further comprises receiving a credit score about the qualification form applicant from a credit agency.
23 . The method of claim 22 , wherein receiving a credit score about the qualification form applicant from the credit agency further comprises receiving a Fair Isaac Credit Score concerning the qualification form applicant.
24 . The method of claim 21 , wherein receiving qualification form data from one of the qualification form applicant and the financial service provider further comprises receiving a field of information that is part of a qualification form.
25 . The method of claim 24 , wherein receiving the field of information that is part of the qualification form further comprises receiving at least one of a social security number, address, phone number, e-mail address, state of residence, and income of the qualification form applicant.