Unified Lending Platform for Commercial Loan Origination

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Solution Overview

Problem

Current loan application systems for commercial loans are inefficient, as businesses struggle to select multiple lenders, submit applications, and obtain competitive loan offers, while lenders face challenges in determining suitable borrower applications without extensive data acquisition.

Innovation Solution

A lending system that includes a database of loan profiles from multiple lenders, allowing borrowers to input business metrics and compare them to lender profiles to determine matching loan terms, thereby generating non-binding term sheets from multiple lenders.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Reliability

If a borrower completes an extensive loan application with lengthy and detailed documentation for each potential lender, then the lender can review comprehensive business information, but the application process takes too long and the borrower settles for the first offer without receiving competitive comparisons

Engineering Contradiction:

Improvecompleteness of loan applicationVSAvoidtime to obtain multiple loan offers

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The system merges multiple separate loan application processes into a single unified application. The borrower submits one comprehensive application that is simultaneously distributed to multiple lenders, eliminating the need to complete separate applications for each lender while maintaining complete business information availability.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The lending system acts as an intermediary platform between borrowers and lenders. It collects borrower data once and distributes it to multiple lenders who have pre-defined criteria, allowing lenders to review comprehensive information without requiring the borrower to repeatedly submit applications.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If a lender requires lengthy and detailed data acquisition from each potential borrower, then the lender can assess borrower suitability, but the lender wastes time reviewing extensive data from borrowers that do not meet criteria

Engineering Contradiction:

Improveaccuracy of borrower assessmentVSAvoidlender efficiency in reviewing applications

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

Lenders pre-define their loan criteria and requirements in the system before receiving applications. The system then automatically filters and matches borrower applications against these pre-established criteria, allowing lenders to review only from pre-screened candidates that meet their requirements.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The system provides feedback to lenders about which borrowers match their criteria based on automated comparison of borrower data against lender profiles. This allows lenders to quickly identify suitable candidates without manually reviewing all extensive documentation from every applicant.

Inventive Principle:

Principle #23Feedback

3Reliability

If a borrower submits applications to multiple lenders separately, then each lender receives complete application information, but the borrower cannot compare competitive offers and must settle for the first offer

Engineering Contradiction:

Improvecompleteness of information provided to each lenderVSAvoidability to obtain multiple competitive loan offers

Core Design Contradiction:

ReliabilityVSAdaptability or versatility

Solution Approach 1:

The lending system serves multiple functions simultaneously: it collects borrower data, distributes applications to multiple lenders, compares loan offers, and presents competitive comparisons to the borrower. This multi-functional platform enables borrowers to obtain multiple offers while maintaining complete information provision to each lender.

Inventive Principle:

Principle #6Universality (Multi-functionality)

4Loss of information

If the loan application process requires extensive documentation and meeting with each lender, then detailed borrower information is obtained, but the process is complex and time-consuming for both borrowers and lenders

Engineering Contradiction:

Improveamount of borrower data collectedVSAvoidcomplexity of loan application process

Core Design Contradiction:

Loss of informationVSDevice complexity

Solution Approach 1:

The system automatically performs data collection, validation, and distribution without requiring manual intervention. Borrowers simply input their information once, and the system automatically matches it against lender criteria and distributes applications, eliminating complex manual processes while collecting comprehensive data.

Inventive Principle:

Principle #25Self-service

Data Source

PatentUS20250148530A1Loan application platform systems, methods, and apparatus

Publication Date: 2025.05.08 CONNEXMARKETS INC

AI summary

A lending system includes lender accounts stored in a database. Each of the lender accounts includes a loan profile for one or more types of commercial loans including a loan type, loan amount, loan rate or other loan terms and required financial metrics of a borrower. The lending system obtains loan application data from a commercial borrower, e.g., through a lender/borrower/specialist web portal, which manages the loan process between the borrower and the lender from origin into the closing of the loan with all data and communication internal. The lending system compares the loan application data with the loan profiles from the lender accounts and determines matching loan profiles. The lending system provides access to the loan application to the lender accounts with matching loan profiles, e.g., through a lender web portal. The lender web portal obtains data for non-binding loan offers from the lender accounts with matching loan profiles.