公开(公告)号：US12002090B2

公开(公告)日：2024-06-04

申请号：US17560938

申请日：2021-12-23

Applicant: State Farm Mutual Automobile Insurance Company

Inventor： Benjamin Tarmann ,  Richard R. Rhodes ,  Lokesh Awasthy ,  Denise DeRoeck ,  Jaime Skaggs ,  Jacob J. Alt ,  Shanna L. Phillips ,  Shyam Tummala ,  Matthew S Meierotto ,  Richard D Groonwald ,  Brian J. Hughes

IPC: G06Q40/03 ,  G06Q30/02 ,  G06Q50/16 ,  H04L9/00 ,  H04L9/06

CPC classification number: G06Q40/03 ,  G06Q30/0278 ,  G06Q50/16 ,  H04L9/0637 ,  G06Q2220/00 ,  H04L9/50

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.