Mortgage Origination Platform Consolidating Disparate Workflows
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Solution Overview
Problem
Mortgage loan origination processes in the US are inefficient due to suboptimal data processing techniques and disconnection across disparate platforms, leading to significant man-hour costs and potential business losses.
Innovation Solution
A computing system, Brevity, that includes a Game Plan module for scheduling and data transformation, a Rules Engine for modifying and pricing services, and a global manager interface for unified system views, streamlining the mortgage loan origination process by consolidating multiple processes and technologies into a single platform.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If multiple processes and technologies are spread across disparate platforms, then flexibility and specialization are maintained, but processing efficiency decreases and significant man hours are lost
Solution Approach 1:
The patent consolidates multiple mortgage loan origination processes and technologies onto a single integrated computing system. The system unifies data processing, presentation, and workflow management across previously disparate platforms, eliminating the need for manual data transfer and reducing processing inefficiencies while maintaining functional specialization through modular architecture.
Solution Approach 2:
The computing system is designed to perform multiple functions within a single platform, including data collection, transformation, scheduling, and presentation across different mortgage loan processes. This multi-functional approach allows the system to handle various loan types and processes universally while maintaining efficiency.
2Productivity
If non-optimal data processing techniques are used, then system complexity is reduced, but significant man hours and business opportunities are lost
Solution Approach 1:
The system performs preliminary data transformation and validation activities before mortgage loan processing begins. By pre-processing and organizing data in advance according to specific formats and requirements, the system eliminates the need for manual data manipulation during critical processing phases, significantly reducing man hours while requiring sophisticated data processing capabilities.
Solution Approach 2:
The computing system automatically transforms and processes data without requiring manual intervention. The system self-manages data collection, transformation, validation, and presentation across different processes, reducing reliance on manual labor while implementing complex automated data processing techniques.
3Loss of time
If disconnection and dislocation of the overall mortgage loan origination, closing and post-closing process occur, then system modularity is maintained, but delays increase
Solution Approach 1:
The patent integrates the mortgage loan origination, closing, and post-closing processes into a unified computing system. By merging these previously disconnected processes, the system enables seamless data flow and workflow continuity across all stages of the mortgage lifecycle, eliminating delays caused by process dislocation while managing the complexity of integrating multiple functional areas.
4Reliability
If data is not transformed optimally for loan processing, then processing simplicity is maintained, but data quality and error rates increase
Solution Approach 1:
The system performs comprehensive data transformation and validation before loan processing begins. By pre-transforming data into the required formats and validating completeness in advance, the system ensures high data quality and reduces errors during critical processing phases, while implementing sophisticated transformation logic to handle various data sources and formats.
Data Source
AI summary
A computing system for transforming and improving the processing of information and records data related to real property loans includes a Game Plan module, the Game Plan module including code fixed in a tangible medium, the game plan module including code for data fields, the data fields grouped according to a loan officer and packaging manager, the Game Plan module including code for a scheduling system for scheduling activities related to the data fields, the Game Plan further including code for presenting customized interfaces to the loan officer and the packaging manager according to the activities for collecting information in the data fields, and including code for transforming the information in the data fields in order to prepare them for loan processing for a location of real property, upon advancement by the loan officer and the packaging manager.