Method of purchasing a loan for resale to a buyer

Details Method of purchasing a loan for resale to a buyer Method of purchasing a loan for resale to a buyer

G - Physics

06

Q

G06Q 40/00 (2006.01)

Patent

CA 2365024

A method of facilitating mortgage loan resale is disclosed. The method includes purchasing an interest in a loan from a loan originator, creating specialized loan information, providing the specialized information to a predetermined buyer, and selling the interest to the predetermined buyer. The method also discloses a risk allocation scheme whereby loan risk is allocated among the loan originator and the predetermined buyer.

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