NEW YORK, NY (PRWEB) September 04, 2014
ICAP Patent Brokerage announces for sale patents disclosing a technique and technique for getting universal a number of mortgage automated underwriting approvals via an on the internet application. This IP package is obtainable from inventor Richard Nacht as portion of the Reside Economic Auction Series, with a bidding deadline of October 23, 2014.

“This IP enables lenders and other market place participants to close loans more rapidly, reduce charges and streamline the underwriting approach. The IP also benefits residence purchasers who obtain a correct loan approval, transportable among lenders, since it has been underwritten to the requirements of numerous lenders, brokers and loan applications,” says Doug Rhoten, Chairman of ICAP Patent Brokerage.

Key Traits & Advantages
With an early priority date from 2000, the disclosed patent describes a technique and technique for getting universal several mortgage automated underwriting approvals through an online application. Importantly, the invention streamlines the mortgage underwriting approval approach by enabling borrowers to directly submit mortgage application data—modeled on the stringent needs of the Type 1003 Uniform Residential Loan Application—to a plurality of underwriting systems simultaneously.

Consequently, the mortgage approval underwriting choice is not solely based on representations created by the borrower alternatively, it relies on an industry normal credit report and other information obtained as part of the underwriting process. Borrowers, in turn, advantage from comparing loan varieties, rate quotes and particular lenders which rely on any of the underwriting systems. Additionally, the technologies enables home purchasers to attach a legally binding, valid loan approval with their house purchase offer you, creating their gives a lot more eye-catching than those topic to mortgage approval.

Forward citing companies contain Fannie Mae, Routeone LLC, and Sociogramics, Inc.

See the technical description of the universal mortgage underwriting approvals IP sales providing.

To discover more about the intellectual property available for sale in these portfolios or to location a bid: 
Make contact with Doug Rhoten of ICAP Patent Brokerage at (201) 788-8898 or by means of email at doug(at)icapip(dot)com.

If you have a patent for sale, pay a visit to our site to make a patent submission for an upcoming sealed bid occasion.

Adhere to us on Twitter (@ICAP_IP) and join our LinkedIn group.

About ICAP Patent Brokerage
ICAP Patent Brokerage is the world’s biggest intellectual home brokerage and patent auction firm, leveraging the talents of knowledgeable patent brokers to match buyers and sellers for the sale of patents and other intellectual home assets. With several transaction platforms and unparalleled market information, like knowledge with trademarks, brands, intellectual property licensing, and UCC sales, ICAP Patent Brokerage is the global leader in the transaction of intellectual property.

Media Make contact with
Sarah Saites
(312) 327-4437
Sarah(at)icapip(dot)com 
###





Associated Turned Components Press Releases
