SYSTEM AND METHOD FOR LOAN VALIDATION AND RECOVERY SYSTEM FOR MARKETPLACE INVESTORS

摘要

The process and system as described herein provides for unique tracking and validation processes that may enable investors in loans originated through online or marketplace lending platforms to access independent validation of account information for each loan in a portfolio of loans at origination and on an ad hoc basis after origination.

主权项

1. A system for loan validation and recovery, comprising:
a server comprising a computer and connected to a network; a database accessible by the server; an account creation subsystem executing on the server that permits a marketplace lender (MPL) to establish at least one account related to at least one debt instrument of a debtor and to supply for the at least one account supporting data related to the at least one debt instrument, the account and supporting data stored in the database along with a GDR number (GDRN) for the at least one account; a report generation subsystem executing on the server that permits a marketplace lender to electronically sign a report generated by the report generation subsystem affirming information within the generated report for the at least one account; an account transfer subsystem executing on the server that permits a marketplace lender or owner of a loan to transfer ownership of the at least one account to a debt buyer, investor or trust; and an account access subsystem executing on the server that permits the marketplace lender, the debtor and an investor to access the database and the at least one account.