Reverse customized consumer loan search

摘要

Embodiments of the present invention relate to methods and systems for implementing a product or property search for a consumer, based upon a consumer's desired down payment or/and desired monthly payment. Embodiments disclosed comprise a first subsystem adapted to receive a consumer profile input from a user interface wherein the said subsystem is capable of qualifying the input consumer profile against a single or plurality of lenders' guidelines, and a second subsystem adapted to match lenders' with whom the consumer qualifies, with product sets or properties, and to present the consumer with a set of available products or properties to select.

主权项

1. A method for implementing a property and loan search for a consumer, the method comprising the steps of:
searching by a computer or device via a network interface, a first database of a plurality of available property sets and a second database of lending institutions' guideline or qualification criteria and interest rate pricing for the consumer; receiving and storing, via the network interface, consumer information, within an additional computer or device, wherein the consumer information comprises a desired down payment and a desired monthly payment input by the consumer; performing by the additional computer or device, one or more calculations using the consumer information to obtain credit related values, wherein the one or more calculations further comprise: calculating a maximum loan amount for the consumer, given an interest rate and the consumer's maximum desired payment; calculating a maximum purchase price and loan-to-value ratio (LTV) or combined loan-to-value ratio (CLTV); and calculating and displaying to the consumer, the maximum loan amount and purchase price for each property that qualifies; creating by the additional computer or device, the consumer profile comprising the received consumer information and results of credit related value calculations; and based on the created consumer profile matched with lending institutions, identifying from the first database, a plurality of purchasable properties and presenting the identified purchasable properties to the consumer via the network interface; selecting a purchasable property by the consumer; and optimizing an available loan with the selected, purchasable property for the consumer, wherein the optimizing the available loan with the selected, purchasable property further comprises automatically changing the created consumer profile to obtain a preferred loan term, and at least one of a lower interest rate, a lower down payment, and lowered monthly payment on the selected property; and wherein the optimizing further comprises: if the preferred loan term is not obtained, splitting the loan amount into a plurality of loans to obtain a plurality of loan products; combining the plurality of loan products, and presenting the combined loan products to the consumer such that the plurality of loan products cumulatively equal the maximum loan amount, and such that at least one loan amount is a conforming loan amount.