Digital lending platform and methods thereof with integrated products, pricing, and eligibility

Abstract

Disclosed herein is a digital lending platform with integrated product, pricing, and eligibility. The digital lending platform includes, in some embodiments, one or more server hosts supporting an application stack of the digital lending platform. The application stack includes a loan-product database, a pricing algorithm, and an eligibility rules engine. The loan-product database includes each loan product of a number of loan products offered through the digital lending platform. The pricing algorithm is configured to determine a price for each loan product of the number of loan products. The eligibility rules engine includes eligibility rules for each loan product of the number of loan products. Also disclosed herein is a computer-implemented method of the digital lending platform with the integrated product, pricing, and eligibility.

What is claimed is: 
     
         1 . A digital lending platform with integrated product, pricing, and eligibility, comprising:
 one or more server hosts supporting an application stack of the digital lending platform, the application stack including:
 a loan-product database including each loan product of a number of loan products offered through the digital lending platform; 
 a pricing algorithm configured to determine a price for each loan product of the number of loan products; and 
 an eligibility rules engine including eligibility rules for each loan product of the number of loan products. 
   
     
     
         2 . The digital lending platform of  claim 1 , wherein the pricing algorithm is configured to determine the price for each loan product of the number of loan products in accordance with loan parameters including loan risk, lock term for a locked rate, and interest rate. 
     
     
         3 . The digital lending platform of  claim 1 , wherein the eligibility rules include rules for minimum credit scores, maximum loan amounts, maximum loan-to-value ratios for loan amounts to assets, or a combination thereof. 
     
     
         4 . The digital lending platform of  claim 3 , wherein the eligibility rules include rules for loan-level price adjustments. 
     
     
         5 . The digital lending platform of  claim 1 , wherein the digital lending platform is configured to access the loan-product database, execute the pricing algorithm, and run the eligibility rules engine a number of times for each potential borrower of a number of borrowers depending upon loan-application changes. 
     
     
         6 . The digital lending platform of  claim 1 , further comprising:
 an administration portal of the application stack provided as a graphical user interface (“GUI”) configured for display on a screen of a lender representative’s display,
 wherein the administration portal is configured to display the price for each loan product of the number of loan products, enable any loan product of the number of loan products to be activated or deactivated, enable margins to be managed for each loan product of the number of loan products, or a combination thereof. 
   
     
     
         7 . The digital lending platform of  claim 1 , further comprising:
 an automated quality-assurance system of the application stack including automated test-case derivation, eligibility verification, loan-level price-adjustment verification, lock-policy verification, or a combination thereof.   
     
     
         8 . A computer-implemented method of a digital lending platform with integrated product, pricing, and eligibility, comprising:
 instantiating an application stack of the digital lending platform on one or more server hosts;   accessing a loan-product database of the application stack including each loan product of a number of loan products offered through the digital lending platform;   determining a price for each loan product of the number of loan products with a pricing algorithm of the application stack; and   applying eligibility rules for each loan product of the number of loan products with an eligibility rules engine of the application stack.   
     
     
         9 . The computer-implemented method of  claim 1 , wherein determining the price for each loan product of the number of loan products includes determining the price in accordance with loan parameters including loan risk, lock term for a locked rate, and interest rate. 
     
     
         10 . The computer-implemented method of  claim 1 , wherein the eligibility rules include rules for minimum credit scores, maximum loan amounts, maximum loan-to-value ratios for loan amounts to assets, or a combination thereof. 
     
     
         11 . The digital lending platform of  claim 10 , wherein the eligibility rules include rules for loan-level price adjustments. 
     
     
         12 . The computer-implemented method of  claim 1 , wherein accessing the loan-product database, determining the price for each loan product of the number of loan products, and applying the eligibility rules for each loan product of the number of loan products is performed a number of times for each potential borrower of a number of borrowers depending upon loan-application changes. 
     
     
         13 . The computer-implemented method of  claim 1 , further comprising:
 providing an administration portal of the application stack as a graphical user interface (“GUI”) on a screen of a lender representative’s display; and   displaying the price for each loan product of the number of loan products, enabling any loan product of the number of loan products to be activated or deactivated, enabling margins to be managed for each loan product of the number of loan products, or a combination thereof in the administration portal.   
     
     
         14 . The computer-implemented method of  claim 1 , further comprising:
 instantiating an automated quality-assurance system of the application stack, wherein the quality-assurance system includes automated test-case derivation, eligibility verification, loan-level price-adjustment verification, lock-policy verification, or a combination thereof.