Online system for fulfilling loan applications from loan originators

Abstract

A loan submission and processing system, methods, apparatus and computer program products. One example method includes receiving user specified input relating to a loan application, storing the user specified input in a loan application file, determining a partner system that is to receive data related to the electronic loan application including dynamically determining a format and contents required to present a service request to the partner system for processing by the partner system, dynamically formatting the user specified input and any other required content into a service request, the service request compatible with the partner system and including the user specified data and the other required content and transmitting the service request to the partner system.

What is claimed is: 
     
         1 . A method for the formatting and transmission of data from a loan originator system to one or more partner systems, the method comprising:
 providing a loan origination software program including client and server portions, the client portion including an interface for receiving loan application data, the server portion including formatting and transmitting capability wherein the formatting and transmitting capability facilitates the entry of information into one or more loan forms associated with a target partner system;   formatting including re-formatting and publishing loan application information provided by the loan origination software program in a format compatible with a financial service software program of a target partner system of the one or more partner systems; and   transmitting re-formatted loan application information to the target partner system.   
     
     
         2 . The method of  claim 1  wherein the target partner computers comprises at least one of the following, a lender computer, an underwriter company computer, or a settlement service vendor computer. 
     
     
         3 . The method of  claim 1  further comprising validating the loan application information prior to transmission to the target partner system. 
     
     
         4 . The method of  claim 1  further comprising logging results of the transmitting in a memory. 
     
     
         5 . The method of  claim 1  further comprising receiving return information from the target partner system and displaying the return information in a format compatible with the client portion of the loan origination software program. 
     
     
         6 . The method of  claim 1  further comprising receiving return information from the target partner system and merging the return information with the loan application information. 
     
     
         7 . A method comprising:
 providing a loan origination software system including a first portion that is to be resident on a loan originator computer and a second server portion, the loan origination software program including a native web browser or interface for receiving and presenting information to a user associated with the loan originator computer, the server portion including formatting and transmitting capabilities for the loan origination software system;   formatting including re-formatting and publishing loan application information provided by the loan origination software system in a format compatible with a financial service software program of a target partner computer; and   transmitting re-formatted loan application information to the target partner computer.   
     
     
         8 . A method comprising:
 providing a browser interface associated with a loan origination apparatus for receiving the loan application information from a user; and   processing received loan application information associated with the loan origination apparatus including:
 re-formatting and publishing the loan application information associated with the loan origination apparatus in a format compatible with a financial service software program of a target partner computer transmitting re-formatted loan application information to the target partner computer; and 
 receiving return information from the target partner computer and providing the return information in a format compatible with the browser interface. 
   
     
     
         9 . The method of  claim 8  wherein the target partner computer comprises at least one of the following, a lender computer, an underwriter company computer, or a settlement service vendor computer. 
     
     
         10 . The method of  claim 8  further comprising validating the loan application information prior to transmission to the target partner computer. 
     
     
         11 . The method of  claim 8  further comprising receiving return information from the target partner computer and merging the return information with the loan application information. 
     
     
         12 . A method for processing loan application data comprising:
 accepting user specified data for one or more of user input fields of a file template, the file template corresponding to a document within a loan application;   automatically, by one or more processors, entering the user specified data into one or more corresponding user input fields in another file template that includes the one or more of user input fields of the file template;   calculating data entries for the one or more corresponding user input fields in the another file template that depend on data from the one or more of user input fields of the file template; and   transmitting the another file template containing the user specified data and associated data entries to a target partner system, the another file template being transmitted in a transmission format different from a format of the accepted user specified data.   
     
     
         13 . The method of  claim 12  wherein the loan application comprises an on-line version of a loan application package available from a partner associated with the target partner computer. 
     
     
         14 . The method of  claim 12  further comprising storing the user specified data in a memory coupled to a loan originator computer. 
     
     
         15 . The method of  claim 12  wherein the file template is selected from the group of document types consisting of word processing documents, commercially formatted loan application documents, government specified loan application documents or spreadsheet program documents. 
     
     
         16 . The method of  claim 12  wherein the loan application is selected from the group consisting of federal housing authority loan, veterans administration loan, or conventional mortgage loan. 
     
     
         17 . The method of  claim 12  further comprising
 determining a type of loan a user is interested in obtaining to establish a desired loan; 
 performing a pre-qualification analysis of the user in relation to the desired loan; and 
 providing to the user a list of one or more partners who can provide the desired loan. 
 
     
     
         18 . The method of  claim 12  further comprising
 establishing an account for a user upon transmission of the another file template containing the user specified data to the target partner computer; 
 storing the user specified data; and 
 using the stored user specified data to compile a profile for the user. 
 
     
     
         19 . The method of  claim 18  further comprising automatically entering the user specified data into corresponding user input fields in any subsequent file templates provided to the user based on the profile for the user stored in a memory. 
     
     
         20 . The method of  claim 12  further comprising
 tracking the one or more completed file templates transmitted to the partner computer; 
 checking a status of an existing loan application; and 
 logging a loan application transaction in a memory.