System and method for facilitating delivery of a loan to a secondary mortgage market purchaser

Abstract

A method for facilitating delivery of a loan having a set of underwriting data including a predetermined set of information relevant to the delivery of the loan and an identifier includes providing a delivery template to a seller of the loan to receive delivery data for the loan; retrieving the underwriting data associated with the identifier upon receiving a request from the seller including the identifier and populating the delivery template with the predetermined set of information.

What is claimed is:  
     
         1 . A method for facilitating delivery of a loan to a purchaser, the loan having a set of underwriting data including a predetermined set of information relevant to the delivery of the loan, the underwriting data having an identifier, the method comprising: 
 providing a delivery template to a seller of the loan to receive delivery data for the loan;    upon receiving a request from the seller including the identifier, retrieving the underwriting data associated with the identifier; and    populating the delivery template with the predetermined set of information.    
     
     
         2 . A method according to  claim 1 , further comprising receiving delivery data from the seller via the delivery template.  
     
     
         3 . A method according to  claim 2 , further comprising determining a price for the loan based on the predetermined set of information and the delivery data received from the seller.  
     
     
         4 . A method according to  claim 1 , further comprising editing the underwriting data for the loan.  
     
     
         5 . A method according to  claim 1 , wherein the predetermined set of information includes a borrower identifier, occupancy type, product type, amortization type, loan term, property type, loan purpose, property sales price and appraised value.  
     
     
         6 . A system for facilitating delivery of a loan to a purchaser, the loan having a set of underwriting data including a predetermined set of information relevant to the delivery of the loan, the underwriting data having an identifier, the system comprising: 
 means for providing a delivery template to a seller of the loan to receive delivery data for the loan;    means for receiving a request from the seller including the identifier;    means for retrieving the underwriting data associated with the identifier; and    means for populating the delivery template with the predetermined set of information.    
     
     
         7 . A system according to  claim 6 , further comprising means for receiving delivery data from the seller via the delivery template.  
     
     
         8 . A system according to  claim 7 , further comprising means for determining a price for the loan based on the predetermined set of information and the delivery data received from the seller.  
     
     
         9 . A system according to  claim 6 , further comprising means for editing the underwriting data for the loan.  
     
     
         10 . A system according to  claim 6 , wherein the predetermined set of information includes a borrower identifier, occupancy type, product type, amortization type, loan term, property type, loan purpose, property sales price and appraised value.  
     
     
         11 . A system for delivering a loan to a purchaser, the loan having a set of underwriting data provided by underwriting logic, the underwriting data including a predetermined set of information relevant to the delivery of the loan and having an identifier generated by the underwriting logic, the system comprising: 
 a user interface for providing a delivery template to the seller of the loan and for receiving delivery data for the loan;    delivery logic, coupled to the user interface, for processing the delivery data for the loan;    wherein, upon receiving a request from the seller that includes the identifier via the user interface, the delivery logic retrieves the underwriting data associated with the identifier and populates the delivery template with the predetermined set of information.    
     
     
         12 . A system according to  claim 11 , wherein retrieving the underwriting data includes sending a request to the underwriting logic.  
     
     
         13 . A system according to  claim 11 , further comprising pricing logic coupled to the delivery logic for determining a price for the loan based on the predetermined set of information and the delivery data provided by the seller.  
     
     
         14 . A system according to  claim 11 , wherein user interface permits the seller to edit the underwriting data.  
     
     
         15 . A system according to  claim 11 , wherein the predetermined set of information includes a borrower identifier, occupancy type, product type, amortization type, loan term, property type, loan purpose, property sales price and appraised value.