US 12,236,481 B2
System and method to create and operate an electronic marketplace of trusted banks for participation in packages of loans
David M. Wright, Seattle, WA (US); Emile Reed, Denver, CO (US); Donald F. Seacrest, Aurora, CO (US); and Cade C. Strieby, Denver, CO (US)
Assigned to Radius Group, LLC, Little Rock, AR (US)
Filed by Radius Group, LLC, Little Rock, AR (US)
Filed on Jan. 12, 2024, as Appl. No. 18/412,419.
Application 18/412,419 is a continuation of application No. 18/075,286, filed on Dec. 5, 2022, granted, now 11,875,402.
Application 18/075,286 is a continuation of application No. 17/216,492, filed on Mar. 29, 2021, granted, now 11,521,265, issued on Dec. 6, 2022.
Application 17/216,492 is a continuation of application No. 14/612,213, filed on Feb. 2, 2015, granted, now 10,963,957, issued on Mar. 30, 2021.
Claims priority of provisional application 61/935,298, filed on Feb. 3, 2014.
Prior Publication US 2024/0152999 A1, May 9, 2024
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/00 (2023.01); G06Q 40/03 (2023.01)
CPC G06Q 40/03 (2023.01) 26 Claims
OG exemplary drawing
 
1. A method comprising:
storing on a network-based non-transitory storage device a collection of participation opportunities, each participation opportunity stored in a standard fielded format, comprising fields for at least geographic region, loan amount, loan type, supporting collateral, and initiating lender, and the participation opportunities identifying a package of multiple syndicated risks or of already funded loans;
providing remote access over a computer network to prospective initiating lenders and participant lenders, wherein a user at any of the lenders can submit new or updated information, stored by the lender in a non-standard format, about a participation opportunity through a graphic user interface dependent on non-standardized hardware and software platform used by one of the lenders;
converting, by a combination of code implementing the graphic user interface at the one of the lenders and an opportunity engine server, the new or updated information regarding the participation opportunity from the non-standardized hardware and software platform into the standard fielded format for the participation opportunities and storing the participation opportunity in the standard fielded format;
automatically authorizing access to the participation opportunity, by the prospective participant lenders belonging to at least one named group and accepting requests additional information, when supported by a mutually acceptable confidentiality agreement; and
transmitting the participation opportunity over the computer network, beginning immediately after receipt of the a to authorize transmission, responsive to requests for information from the prospective participant lenders in the at least one named group and processing at least one request for additional information.