System and method of an automated agent to automatically implement loan activities based on loan status
A system for data collection and loan activities is disclosed. The system may include a data collection circuit to receive data relating to a status of a loan and a set of items of collateral acting as security for the loan. The system may further include a blockchain service circuit to maintain a secure historical ledger of events related to the loan, and to interpret a plurality of access control features corresponding to parties associated with the loan. The system may further include a loan evaluation circuit to determine a loan status based on the received data, a smart contract circuit to create a smart lending contract for the loan, and an automated agent circuit to perform a loan action based on the loan status, wherein the blockchain service circuit is further structured to update the secure historical ledger of events with the loan action.
1. A system comprising
a set of processing devices that execute a set of computer-executable instructions that when executed cause one or more of the processing devices to:
receive data relating to a status of a loan and data relating to a set of items of collateral acting as security for the loan;
maintain a historical blockchain of events related to the loan, and interpret a plurality of access control features corresponding to a plurality of parties associated with the loan;
determine a loan status based on the received data;
modify a valuation model based on a first set of valuation determinations for a first set of items of collateral and a corresponding set of loan outcomes having the first set of items of collateral as security;
instantiate a smart lending contract for the loan;
perform a loan action based on the loan status;
generate a block containing data corresponding to the loan action;
generate a hash value of the block; and
link the block to the historical blockchain of events via the hash value.
2. The system of claim 1 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
receive data related to one or more loan entities, and determine compliance with a covenant based on the data related to the one or more loan entities.
3. The system of claim 2 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
provide a user interface for an interactive crowdsourcing system; and
solicit, via the user interface, information related to one or more of the loan entities from a crowdsourcing site.
4. The system of claim 3 , wherein the user interface is structured to allow one or more users of the crowdsourcing site to input information about at least one of the one or more loan entities.
5. The system of claim 2 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
search publicly available information sites for information related to at least one of the one or more loan entities.
6. The system of claim 2 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
determine a state of performance for a condition of the loan based on the received data and a status of the one or more of the loan entities, and
wherein the determination of the loan status is determined based in part on the status of at least one of the one or more of the loan entities and the state of performance of the condition for the loan.
7. The system of claim 1 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
determine, based on the received data and the valuation model, a value for at least one of the set of items of collateral.
8. The system of claim 7 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
determine at least one of a term or a condition for the smart lending contract based on the value for the at least one of the set of items of collateral; and
modify the smart lending contract to include the at least one of the term or the condition.
9. The system of claim 7 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
identify a group of off-set items of collateral, wherein each member of the group of off-set items of collateral and at least one of the set of items of collateral share a common attribute.
10. The system of claim 9 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
monitor and report marketplace information for offset items of collateral relevant to the value of the at least of the set of items of collateral.
11. The system of claim 10 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
monitor one of pricing or financial data for the offset items of collateral in at least one public marketplace; and report the monitored one of pricing or financial data.
12. The system of claim 11 , wherein execution of the computer-executable instructions further causes the one or more processing devices to:
modify a term or condition of the loan based on the marketplace information for offset items of collateral relevant to the value of the at least one of the set of items of collateral.
13. A method, comprising:
maintaining a historical blockchain of events related to a loan;
receiving data relating to a status of the loan;
receiving data related to a set of items of collateral acting as security of the loan;
determining a status of the loan;
modifying a valuation model based on a first set of valuation determinations for a first set of items of collateral and a corresponding set of loan outcomes having the first set of items of collateral as security;
performing a loan-action based on the loan status;
generating a block containing data corresponding to the loan action;
generating a hash value of the block; and
linking the block to the historical blockchain of events related to the loan via the hash value.
14. The method of claim 13 , further comprising:
receiving data related to one or more loan entities related to the loan; and
determining compliance with a covenant of the loan based on the data received.
15. The method of claim 14 , further comprising:
determining a state of performance for a condition of the loan, wherein the determination of the loan status is based on part on the state of performance of the condition of the loan.
16. The method of claim 15 , further comprising:
receiving financial data related to at least one party to the loan.
17. The method of claim 13 , further comprising:
determining a value for at least one set of items of collateral based on the received data and the valuation model.
18. The method of claim 17 , further comprising:
determining at least one of a term or a condition for the loan based on the value of the at least one set of items of collateral; and
modifying a smart lending contract to include the at least one of the term or the condition.
19. The method of claim 17 , further comprising:
identifying a group of off-set items of collateral, wherein each member of the group of off-set items of collateral and at least one of the set of items of collateral share a common attribute; and
receiving data related to the group of off-set items of collateral, wherein the determination of the value for the at least one set of items of collateral is at least partially based on the received data related to the group of off-set items of collateral.