Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Denise DeRoeck0
Benjamin Tarmann0
Jaime Skaggs0
Matthew S Meierotto0
Shyam Tummala0
Shanna L. Phillips0
Brian J. Hughes0
Jacob J. Alt0
...
Date of Patent
June 4, 2024
0Patent Application Number
175609380
Date Filed
December 23, 2021
0Patent Citations
...
Patent Primary Examiner
Patent abstract
A system and computer-implemented method for approving a dynamic mortgage application using a blockchain. In one aspect, the method may include determining a customer is approved for a mortgage (“mortgage ready”) and determining a real estate property is mortgage ready. The method may include comparing a calculated amount in which the customer is approved for a mortgage loan with a calculated appraisal value of the real estate property, and approving the mortgage application of the customer when the calculated amount the customer is approved for the mortgage loan is equal to, or exceeds, the calculated appraisal value of the real estate property, reducing a processing time and closing time of the mortgage.
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