IP Library Granted Patent US 9,299,105
Granted Patent B2
US 9,299,105 · App. 14/541,227 · Granted Mar 29, 2016

Correcting errors in mortgage applications

Inventor: Thomas M. Martignoni (Raleigh, NC)
Assignee: ReverseVision, Inc.
G06Q40/025G06F17/243G06Q40/02G06Q50/16H04L67/12
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Quick Facts
Patent No.
US 9,299,105
App. No.
14/541,227
Granted
Mar 29, 2016
Kind
B2
Abstract

Methods, systems, and products determine a cost to correct mortgage applications. When electronic data is submitted in an electronic mortgage application form, the electronic data is checked for errors. If an error is determined, a cost to resolve the error is also determined.

Claims (43)

1. A method, comprising:

receiving, at a server, an electronic mortgage application form sent from a client device, the electronic mortgage application form having electronic data entered into a data field;

querying, by the server, and electronic database for a name associated with the data field in the electronic mortgage application form, the electronic database having electronic database associations between different evaluation information and different names of data fields in the electronic mortgage application form;

retrieving, by the server, evaluation information of the different evaluation information associated with the name of the data field in the electronic mortgage application form;

determining, by the server, an error in the electronic data entered into the data field based on the evaluation information having the electronic database association with the name of the data field in the electronic mortgage application form;

retrieving, by the server from the electronic database, a cost to correct the error, the cost having another electronic database associated with the name of the data field in the electronic mortgage application form; and

sending, from the server to the client device, a prompt for payment of the cost to correct the error in the electronic data entered into the data field of the electronic mortgage application form.

2. The method of claim 1 , further comprising prompting for a credit card number for the payment of the cost to correct the error.

3. The method of claim 1 , further comprising receiving an electronic payment of the cost to correct the error.

4. The method of claim 1 , further comprising receiving a credit card number as the payment of the cost to correct the error.

5. The method of claim 1 , further comprising receiving corrected electronic data for the electronic mortgage application form.

6. The method of claim 1 , further comprising retrieving an evaluation rule associated with the name of the data field in the electronic mortgage application form.

7. A system, comprising:

a processor; and

a memory storing instructions that, when executed by the processor, cause the processor to perform operations, the operations comprising:

receiving an electronic mortgage application form sent from a client device;

determining an empty data field in the electronic mortgage application form;

determining a name associated with the empty data field in the electronic mortgage application form;

querying a database for the name associated with the empty data field in the electronic mortgage application form, the database having electronic database associations between different costs and different names of data fields in the electronic mortgage application form;

retrieving a cost from the database having an electronic database association the name of the empty data field; and

prompting the client device for payment of the cost to correct the empty data field in the electronic mortgage application form.

8. The system of claim 7 , wherein the operations further comprise prompting for a credit card number as the payment of the cost to correct the empty data field.

9. The system of claim 7 , wherein the operations further comprise processing an electronic payment of the cost to correct the empty data field.

10. The system of claim 7 , wherein the operations further comprise processing a credit card number as the payment of the cost to correct the empty data field.

11. The system of claim 7 , wherein the operations further comprise determining multiple empty data fields in the electronic mortgage application form.

12. The system of claim 11 , wherein the operations further comprise:

retrieving costs associated with the name of each one of the empty data fields in the electronic mortgage application form; and

determining a total cost to correct the multiple empty data fields in the electronic mortgage application form.

13. A memory device storing instructions that when executed cause a processor to perform operations, the operations comprising:

receiving an electronic mortgage application form sent from a client device;

querying a database for a name associated with a data field in the electronic mortgage application form, the database having electronic database associations between different evaluation rules and different names of data fields in the electronic mortgage application form;

retrieving an evaluation rule of the different evaluation rules having an electronic database association with the name of the data field in the electronic mortgage application form;

comparing electronic data entered in the data field to the evaluation rule having the electronic database association with the name;

determining an error in the electronic data entered into the data fields based on the evaluation rule having the electronic database association with the name;

retrieving a cost from the database having another electronic database associated with a name of the data fields;

reporting the cost to the client device to correct the error; and

requesting payment of the cost to correct the error in the electronic mortgage application form.

14. The memory of claim 13 , wherein the operations further comprise prompting for a credit card number as the payment of the cost to correct the error in the electronic mortgage application form.

15. The memory device of claim 13 , wherein the operations further comprise processing an electronic payment of the cost to correct the error in the electronic mortgage application form.

16. The memory device of claim 13 , wherein the operations further comprise processing a credit card number as the payment of the cost to correct the error in the electronic mortgage application form.

17. The memory of device of claim 13 , wherein the operations further comprise:

determining multiple errors in the data fields in the electronic mortgage application form; and

determining a total cost to correct the multiple errors in the data fields.

Assignments (4)
RELEASE OF SECURITY INTEREST Recorded Feb 8, 2022
From: WESTERN ALLIANCE BANK
To: REVERSEVISION, INC.
Reel/Frame 058922/0883 →
SECURITY INTEREST Recorded Jul 5, 2016
From: REVERSEVISION, INC.
To: BRIDGE BANK, NATIONAL ASSOCIATION
Reel/Frame 039077/0585 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 5, 2015
From: MARTIGNONI, THOMAS M.
To: TVC CAPITAL II, L.P.
Reel/Frame 036725/0615 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 5, 2015
From: TVC CAPITAL II, L.P.
To: REVERSEVISION
Reel/Frame 036754/0487 →
Continuity (3)
Continuation 11516440 · Sep 6, 2006
Provisional Application 60715233 · Sep 7, 2005
Related Publication 20150073976A1 · Mar 12, 2015