System and method for validating collateral

Details System and method for validating collateral System and method for validating collateral

G - Physics

06

Q

G06Q 40/00 (2012.01)

Patent

CA 2683395

The invention consists of a method for real-time registration of collateral for a loan, comprising: a) inputting collateral information into a form; b) verifying the collateral information in the form via a self-checking algorithm; c) submitting the collateral information to a registration service; and d) providing confirmation that the collateral information was recorded with the registration service.

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