US 11,741,538 B1
Automated lending data collection and verification system and methods
Alan W. Hecht, Chanhassen, MN (US); Ann M. Kirk, Deerwood, MN (US); and Javier S. Silva, Concord, NC (US)
Assigned to Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed by Wells Fargo Bank, N.A., San Francisco, CA (US)
Filed on Dec. 29, 2021, as Appl. No. 17/565,384.
Application 17/565,384 is a continuation of application No. 15/487,016, filed on Apr. 13, 2017, granted, now 11,227,332.
Claims priority of provisional application 62/322,509, filed on Apr. 14, 2016.
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) 20 Claims
OG exemplary drawing
 
1. A system comprising:
a processing circuit having at least one processor coupled to at least one memory, the processing circuit configured to:
receive loan application data;
generate a loan requestor token comprising identifying information of a loan applicant;
determine verification information required to process a loan application of the loan applicant;
initiate a request for the verification information to an information computing system, the request comprising the loan requestor token and transmitted via a real-time data channel between the processing circuit and the information computing system;
receive, from the information computing system, a document comprising the verification information;
automatically extract, by data recognition logic, the verification information from the document based on a set of taxonomy rules;
generate at least one task comprising a requirement to fulfill based on determining additional information is required;
determine, in response to receiving an indication of a completion of the at least one task, a loan decision for the loan application based at least in part on the verification information and the additional information received subsequent to the completion of the at least one task; and
store the loan decision, the received document, the verification information, the additional information, and the set of taxonomy rules in a database.