| CPC G06Q 30/08 (2013.01) [G06Q 30/0206 (2013.01)] | 20 Claims |
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1. A computer implemented method for a seller to receive counter offers for the purchase of loan products being sold by a seller to selected buyers using a software application accessible via a graphical user interface presented in a display, the method comprising:
receiving, with the software application, a plurality of bids offered by prospective buyers via the software application for loans previously made to borrowers and offered for sale to the prospective buyers by the seller via the software application;
receiving, with the software application, a market-price data feed including real-time market prices of a plurality of known benchmarks;
presenting, with the software application, a commitment cart in a single graphical user interface, the commitment cart including for display together in the single graphical user interface each of:
a plurality of pools established by the seller within the single graphical user interface, each of the plurality of pools defined by an identity of a prospective buyer who submitted a bid for each of the loans included in the respective pool and at least one characteristic common to each of the loans placed in the respective pool by the seller, with the single graphical user interface configured for the seller to place each of the loans offered for sale in one of the plurality of pools within the single graphical user interface, respectively, to establish a virtual commitment for each of the respective loans, the virtual commitment having a bid price of record for a sales transaction not yet committed to by the seller, the bid price of record based, at least in part, on a current value of a selected one of the plurality of known benchmarks, respectively, the respective virtual commitments for the loans offered for sale in any one of the plurality of pools, respectively, establishing a combined sales price for a purchase by the prospective buyer of all loans included in the respective one of the plurality of pools; and
a first graphical display element configured to, in response to a single selection of the first graphical display element by the seller, initiate the receipt of the real-time market prices and an automatic adjustment of the bid price of each of the plurality of bids to reflect an updated price of a known benchmark included in the plurality of benchmarks on which the bid price is determined, respectively, an adjusted value of each of the plurality of bids being the bid price of record on a commitment by the seller to a sale of the respective loan to the prospective buyer, where the automatic adjustment includes an automatic adjustment of the combined sales price for the purchase by the prospective buyer of all the loans included in the respective one of the plurality of pools;
where multiple bids are received for a single loan included in the loans made available for sale, presenting with the software application, a second graphical display element configured for a selection by the seller; and
in response to the selection of the second graphical display element by the seller, communicating via the software application a notification to the prospective buyer, the notification requesting a counter offer to the bid submitted by the prospective buyer for the single loan, the bid included among other bids submitted by the prospective buyer for a plurality of different loans, respectively,
wherein the notification is communicated independent of requests for counter offers, if any, concerning any of the other bids submitted by the prospective buyer.
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