Mortgage loan data processing system and method for a loan broker

Abstract

An exemplary embodiment includes a data processing system and method for managing the origination of a mortgage loan by a loan originator in coordination with a loan broker for a loan customer. The loan originator is not the loan broker. The loan originator provides services necessary for the origination of the mortgage loan and not duplicative of services provided by the loan broker.

1 - 20 . (canceled) 
     
     
         21 . A system comprising:
 a graphical user interface provided on a display associated with a computer, the graphical user interface adapted to receive loan application data, the loan application data comprising at least a plurality of required data items, wherein the plurality of required data items is provided to the graphical user interface to comply with or exceed compliance with one or more of:
 a law regulating loan origination, 
 a regulation regulating loan origination, 
 a guideline relating to loan origination, and 
 a licensing requirement regulating loan origination, 
   one or more storage devices adapted to store at least a portion of the loan application data; and   one or more processors adapted to generate at least a portion of a loan application based upon at least a portion of the loan application data.   
     
     
         22 . The system of  claim 21 , wherein a loan originator provides at least a portion of the loan application data, and wherein the graphical user interface requires the loan originator to input a plurality of data items in order for the loan originator to qualify for compensation under one or more of:
 the law regulating loan origination,   the regulation regulating loan origination,   the guideline relating to loan origination, and   the licensing requirement regulating loan origination.   
     
     
         23 . The system of  claim 21 , further comprising one or more data interfaces for receiving additional data. 
     
     
         24 . The system of  claim 23 , wherein the one or more processors are further adapted to generate one or more charges. 
     
     
         25 . The system of  claim 24 , wherein the one or more charges comprise one or more of:
 a loan origination amount; and   a loan origination percentage.   
     
     
         26 . The system of  claim 21 , wherein at least a portion of the loan application data is received from a loan originator, and wherein the loan originator is not the loan customer, and wherein the loan originator is:
 a real estate broker,   a real estate agent,   a home builder,   a member of a relocation company,   a financial planner,   a CPA,   a broker/dealer,   a stock broker,   an insurance broker/agent,   an attorney,   a member of a bank,   a member of a savings and loan,   a member of a thrift, or   a member of a credit union.   
     
     
         27 . The system of  claim 21 , wherein at least a portion of the loan application data is received from a loan originator, and wherein the loan originator is the loan customer. 
     
     
         28 . The system of  claim 24 , wherein the one or more processors are further adapted to determine at least one of the one or more charges based on at least a portion of the loan application data and the additional data. 
     
     
         29 . The system of  claim 24 , wherein at least one of the one or more charges is based on one or more of a credit or a fee. 
     
     
         30 . The system of  claim 23 , wherein the additional data comprises notification of a financial advantage to the loan customer for refinancing a current loan for the loan customer. 
     
     
         31 . The system of  claim 21 , wherein the law regulating loan origination is RESPA. 
     
     
         32 . The system of  claim 29 , wherein the credit or fee is based on a pre-determined formula. 
     
     
         33 . The system of  claim 21 , further comprising one or more data interfaces for receiving additional data, wherein the additional data comprises one or more of credit report data, an underwriting decision, underwriting data, an underwriting condition, flood certification data, pest control data, home inspection data, escrow data, title data, appraisal data, and MLS data; and
 fee data, and   the fee data comprises one or more of:   an appraisal fee, a credit report fee, a loan discount fee, a loan origination fee, a broker fee, a flood certificate fee, a tax service fee, a wire transfer fee, a processing fee, an underwriting fee, a document preparation fee, an administration fee, a lender fee, a title fee, an escrow fee, an insurance fee, a courier fee, a processing fee, a notary fee, an endorsement fee, a local government fee, a pest control fee, and a MLS fee.   
     
     
         34 . The system of  claim 24 ,
 wherein the one or more processors are further adapted to generate one or more disclosure documents, and   wherein at least one or more of the disclosure documents comprise at least one of the one or more charges.   
     
     
         35 . The system of  claim 34 , wherein the at least one of the one or more charges is based on one or more of a credit or a fee. 
     
     
         36 . The system of  claim 22 , further comprising an electronic import interface adapted to import previously stored customer data about the loan customer from a loan originator computer. 
     
     
         37 . The system of  claim 36 , wherein the previously stored customer data is imported from one or more industry software systems, wherein the one or more industry software systems are one or more of:
 a loan origination system,   a tax system,   a financial planning system,   an insurance system,   a broker system,   a dealer system,   an accounting system, and   a legal system.   
     
     
         38 . A system comprising:
 a graphical user interface adapted to receive loan application data from a loan originator regarding a loan customer;   one or more storage devices adapted to store at least a portion of the loan application data;   one or more data interfaces adapted to receive additional data, wherein one or more of the loan application data and the additional data comprise required data items; and   a processor adapted to:
 generate, based upon at least a portion of the loan application data and the additional data, at least a portion of a loan application; and 
 generate, based on the required data items, a determination as to whether or not the loan originator qualifies for compensation under one or more of:
 a law regulating loan origination, 
 a regulation regulating loan origination, 
 a guideline relating to loan origination, and 
 a law regulating loan origination. 
 
   
     
     
         39 . The system of  claim 38 , wherein the one or more charges comprise one or more of:
 a loan origination amount; and   a loan origination percentage.   
     
     
         40 . The system of  claim 38 , wherein the loan originator is not the loan customer, and wherein the loan originator is:
 a real estate broker,   a real estate agent,   a home builder,   a member of a relocation company,   a financial planner,   a CPA,   a broker/dealer,   a stock broker,   an insurance broker/agent,   an attorney,   a member of a bank,   a member of a savings and loan,   a member of a thrift, or   a member of a credit union.   
     
     
         41 . The system of  claim 38 , wherein the loan originator is the loan customer. 
     
     
         42 . The system of  claim 39 , wherein at least one of the one or more charges is based on one or more of a credit or a fee. 
     
     
         43 . The system of  claim 38 , wherein the additional data comprises notification of a financial advantage to the loan customer for refinancing a current loan for the loan customer. 
     
     
         44 . The system of  claim 38 , wherein the law regulating loan origination is RESPA. 
     
     
         45 . The system of  claim 42 , wherein the credit or fee is based on a pre-determined formula. 
     
     
         46 . The system of  claim 38 , wherein the additional data comprises one or more of:
 credit report data, an underwriting decision, underwriting data, an underwriting condition, flood certification data, pest control data, home inspection data, escrow data, title data, appraisal data, and MLS data; and   fee data, and   the fee data comprises one or more of:   an appraisal fee, a credit report fee, a loan discount fee, a loan origination fee, a broker fee, a flood certificate fee, a tax service fee, a wire transfer fee, a processing fee, an underwriting fee, a document preparation fee, an administration fee, a lender fee, a title fee, an escrow fee, an insurance fee, a courier fee, a processing fee, a notary fee, an endorsement fee, a local government fee, a pest control fee, and a MLS fee.   
     
     
         47 . The system of  claim 39 ,
 wherein the processor is further adapted to generate one or more disclosure documents, and   wherein at least one or more of the disclosure documents comprise at least one of the one or more charges.   
     
     
         48 . The system of  claim 47 , wherein the at least one of the one or more charges is based on one or more of a credit or a fee. 
     
     
         49 . The system of  claim 38 , further comprising an electronic import interface adapted to import previously stored customer data about the loan customer from a loan originator computer. 
     
     
         50 . The system of  claim 49 , wherein the previously stored customer data is imported from one or more industry software systems, wherein the one or more industry software systems are one or more of:
 a loan origination system,   a tax system,   a financial planning system,   an insurance system,   a broker system,   a dealer system,   an accounting system, and   a legal system.