Granted Patent B2

US 12,243,030 · App. 18/312,724 · Granted Mar 4, 2025

Inventors: David Bialzak (Des Moines, IA); Darren James Dobier (Stillwater, MN); Kevin Chu (Philadelphia, PA)

Assignee: Wells Fargo Bank, N.A.

G06Q20/10G06Q20/02G06Q20/40G06Q50/16

Abstract

Claims (43)

1. An electronic computing device comprising:

a processing unit; and

system memory, the system memory including instructions which, when executed by the processing unit, cause the electronic computing device to:

request, from a financial institution computing device by a third party organization using an identifier, status information regarding a financial transaction;

wherein the status information includes contingency information regarding the financial transaction;

allow the status information including the contingency information to be associated with the identifier for the third party organization;

allow a data store to be updated with the status information including the contingency information;

periodically receive, by the third party organization from the financial institution computing device, the status information including the contingency information and one or more member identifiers associated with one or more members of the third party organization that are associated with the financial transaction after a query is made to the data store, wherein the financial institution computing device only sends the status information and the contingency information to the third party organization without sending the status information and the contingency information to the one or more members of the third party organization; and

send, by the third party organization, the status information including the contingency information to one or more member computing devices associated with the one or more members of the third party organization without the one or more members authenticating with the financial institution computing device.

2. The electronic computing device of claim 1 , further comprising returning the status information and the contingency information to the third party organization when the electronic computing device receives the status information and the contingency information.

3. The electronic computing device of claim 1 , wherein the contingency information includes information regarding two or more properties involved in the one or more financial transactions, a sale of one or more of the two or more properties being contingent on a sale of another of the two or more properties.

4. The electronic computing device of claim 1 , wherein the status information includes a timeline for a sale of two or more properties.

5. The electronic computing device of claim 1 , wherein the status information includes a word, phrase or color that indicates an overall status of the financial transaction.

6. An electronic computing device, comprising:

a processing unit; and

system memory, the system memory including instructions which, when executed by the processing unit, cause the electronic computing device to:

request, from a financial institution computing device, by a third party organization, status information regarding a financial transaction involving a mortgage, the request including an identifier for the third party organization and an identifier for the financial transaction;

provide, by the third party organization, authentication by the identifier for the third party;

allow an authorization level for the third party organization to be determined using the identifier for the third party organization;

allow a data store to be queried using the identifier for the financial transaction to determine the status information for the financial transaction;

allow any contingency information associated with the mortgage to be updated, the contingency information including a status of one or more contingent financial transactions, each of the one or more contingent financial transactions involving a sale of property;

receive, by the third party organization from the financial institution computing device, the status information including the contingency information and one or more member identifiers associated with members of the third party organization that are associated with the financial transaction, wherein the financial institution computing device only sends the status information and the contingency information to the third party organization without sending the status information and the contingency information to the one or more members of the third party organization,

wherein a granularity of the status information returned to the third party organization is dependent upon the authorization level for the third party organization, and wherein the status information includes one or more words, phrases or colors that summarize a status of one or more milestones for the financial transaction; and

send, by the third party organization, the status information including the contingency information to one or more member computing devices associated with the one or more members of the third party organization corresponding to the one or more member identifiers.

7. The electronic computing device of claim 6 , further comprising returning the status information and the contingency information to the third party organization when the electronic computing device receives the status information and the contingency information.

8. The electronic computing device of claim 7 , wherein the contingency information includes information regarding two or more properties involved in the one or more financial transactions, a sale of one or more of the two or more properties being contingent on a sale of another of the two or more properties.

9. The electronic computing device of claim 8 , wherein the status information includes real estate transactions for the financial transaction.

10. The electronic computing device of claim 6 , wherein the contingency information includes a status of the one or more contingent financial transactions.

11. The electronic computing device of claim 10 , wherein the financial transaction is contingent upon obtaining the mortgage on a home.

12. The electronic computing device of claim 6 , wherein the instructions further cause the electronic computing device to periodically send updated status information regarding the financial transaction to the third party organization.

13. The electronic computing device of claim 6 , wherein the request from the third party organization is from a member of the third party organization.

14. The electronic computing device of claim 13 , wherein the third party organization has an agreement with a financial institution to obtain, from the financial institution, status information for financial transactions of members of the third party organization.

15. The electronic computing device of claim 6 , wherein the electronic computing device is of a financial institution and wherein the third party organization is one or more of a customer of the financial institution, a realtor or an attorney.

16. A computer-implemented method capable of obtaining status information for financial transactions, comprising:

requesting from a financial institution computing device, by a third party organization using an identifier, status information regarding a financial transaction;

wherein the status information includes contingency information regarding the financial transaction;

allowing the status information including the contingency information to be associated with the identifier for the third party organization;

allowing a data store to be updated with the status information including the contingency information;

periodically receiving, by the third party organization from the financial institution computing device, the status information including the contingency information and one or more member identifiers associated with one or more members of the third party organization that are associated with the financial transaction after a query is made to the data store, wherein the financial institution computing device only sends the status information and the contingency information to the third party organization without sending the status information and the contingency information to the one or more members of the third party organization; and

sending, by the third party organization, the status information including the contingency information to one or more member computing devices associated with the one or more members of the third party organization without the one or more members authenticating with the financial institution computing device.

17. The method of claim 16 , wherein the request is received by a financial institution, and wherein the third party organization is one of a bar association and a builder association.

18. The method of claim 17 , wherein the third party organization has a relationship with the financial institution such that the third party organization can access financial transaction information for its members.

19. The method of claim 16 , wherein the contingency information is an appraisal at a required amount and completion and acceptance of a property inspection.

Assignments (2)

Continuity (4)

References Cited (48)