G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 40/02 (2012.01)
Patent
CA 2491777
An indirect asset finance system is provided via an online portal. Lenders and portal participants communicate over a distributed network to negotiate an asset finance contracts covering a full spectrum of collateral types including automotive, recreation, power sports and marine assets, as well as, finance contracts for various types of non- material rights or properties (such as, contracts for home improvement projects). The system provides, at an individual application level, automation in the process of submission; receipt of decision on a credit application and automation in the process of document generation. The system includes automatic verification of data entered in the finance application and in the documents generated, specific to the business and other rules of the fender selected by the dealer. The lender's data parameters and requirements are used to govern the entire data entry, verification, and document generating process. An option is provided to the dealer, at the dealer's discretion, to re- format and submit a modified application to a second lender within the second lender's parameters, as opposed to a shotgunning or other automatic routing process.
Bird Alan
Burgess Trevor
Collins Michael
Lapenna Joseph
Reynolds Desmond
Curomax Corporation
Dealertrack Holdings Inc.
Deeth Williams Wall Llp
LandOfFree
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