Richard N Plotnick

US Patent:

6988082, Jan 17, 2006

Filed:

Dec 30, 2002

Appl. No.:

10/331680

Inventors:

Michael J. Williams - Potomac MD, US
David N. Voth - Oakton VA, US
Kimberly J. Hirsch - Reston VA, US
Michael W. Koch - Bittinger MD, US
Peter G. Kopperman - Bethesda MD, US
Richard N. Plotnick - Fairfax VA, US
Martin T. Schulz - McLean VA, US
Peter A. Simon - Washington DC, US

International Classification:

G06F 17/60

US Classification:

705 36, 705 35, 705 37

Abstract:

Computerized systems and methods facilitate the flow of capital through the housing finance industry. A system for determining an interest rate quote and points for a mortgage loan that are specific to a borrower includes input means for obtaining borrower and mortgage loan information, means for retrieving underwriting characteristics and means for calculating the interest rate quote and points based on the borrower and mortgage loan information and based on the underwriting characteristics. The means for calculating includes means for retrieving a required yield which reflects market conditions in a secondary mortgage market including being indicative of a price that can be obtained for the mortgage loan in the secondary mortgage market. The calculating means also includes means for determining an adjustment to the required yield associated with the mortgage loan based on credit risk posed by the borrower, the credit risk adjustment being determined as a function of at least a credit score, a loan-to-value ratio, and a mortgage loan purpose for the mortgage loan and the borrower. The calculating means further includes means for determining other adjustments to the required yield based on other parameters related to the mortgage loan and/or the borrower.

US Patent:

7702580, Apr 20, 2010

Filed:

Dec 26, 2002

Appl. No.:

10/329878

Inventors:

David N. Voth - Oakton VA, US
Peter A. Simon - Washington DC, US
Richard N. Plotnick - McLean VA, US
Scott Youngman - Fairfax VA, US
Patricia D. Fulcher - Clinton MD, US
Neiman Alvarez - Washington DC, US
Andrew Huffman - Vienna VA, US
Anne Harrell - Arlington VA, US
George Saad - Potomac Falls VA, US
Michael J. Kane - Arlington VA, US

Assignee:

Fannie Mae - Washington DC

International Classification:

G06Q 40/00

US Classification:

705 40, 705 35, 705 37, 705 38, 705 36, 705 39

Abstract:

Systems and methods for optimizing servicing fees for a set of loans are disclosed. A system for optimizing servicing fees for a set of loans may include a processing unit and a storage device coupled to the processing unit having stored therein information for configuring the processing unit to obtain a minimum servicing fee and a maximum servicing fee, identify net benefits of increasing servicing fees for the loans in the set of loans, and iteratively adjust the servicing fee until the optimal servicing fee is attained.

US Patent:

7765151, Jul 27, 2010

Filed:

Jul 21, 2006

Appl. No.:

11/490614

Inventors:

Michael J. Williams - Potomac MD, US
Peter G. Kopperman - Bethesda MD, US
David N. Voth - Oakton VA, US
Richard N. Plotnick - Fairfax VA, US
Peter A. Simon - Washington DC, US
Kimberly J. Thurow - Reston VA, US
Michael W. Koch - Brittinger MD, US
Martin T. Schulz - McLean VA, US

Assignee:

Fannie Mae - Washington DC

International Classification:

G06Q 99/00

US Classification:

705 38

Abstract:

A computer implemented data processing system comprises a pricing engine and user interface program logic. The pricing engine is configured to calculate a price for an individual mortgage loan for a sale of the individual mortgage loan from a loan originator to a secondary mortgage market purchaser. The price is calculated prior to closing of the mortgage loan based on mortgage loan application data for a borrower associated with the mortgage loan. The user interface logic is configured to generate one or more screen displays configured to present the price to the loan originator prior to closing of the loan. The one or more screen displays are also configured to receive a commitment from the loan originator for the sale of the individual mortgage loan to the secondary mortgage market purchaser.

US Patent:

8244628, Aug 14, 2012

Filed:

Jul 7, 2010

Appl. No.:

12/831893

Inventors:

Michael J. Williams - Potomac MD, US
Peter G. Kopperman - Bethesda MD, US
David N. Voth - Oakton VA, US
Richard N. Plotnick - Fairfax VA, US
Peter A. Simon - Washington DC, US
Kimberly J. Thurow - Reston VA, US
Michael W. Koch - Bittinger MD, US
Martin T. Schulz - McLean VA, US

Assignee:

Fannie Mae - Washington DC

International Classification:

G06Q 40/00

US Classification:

705 38, 705 35

Abstract:

A computer implemented data processing system comprises a pricing engine and user interface program logic. The pricing engine is configured to calculate a price for an individual mortgage loan for a sale of the individual mortgage loan from a loan originator to a secondary mortgage market purchaser. The price is calculated prior to closing of the mortgage loan based on mortgage loan application data for a borrower associated with the mortgage loan. The user interface logic is configured to generate one or more screen displays configured to present the price to the loan originator prior to closing of the loan. The one or more screen displays are also configured to receive a commitment from the loan originator for the sale of the individual mortgage loan to the secondary mortgage market purchaser.

US Patent:

8046298, Oct 25, 2011

Filed:

Dec 15, 2003

Appl. No.:

10/736478

Inventors:

David N. Voth - Oakton VA, US
Richard N. Plotnick - Fairfax VA, US
Peter G. Kopperman - Bethesda MD, US
Caroline R. Herron - Washington DC, US
John A. Derwin - Washington DC, US
Sheilah A. Goodman - Kearneysville WV, US
Michelle Y. Watson - Arlington VA, US
Laura L. McDonald - Arlington VA, US
Elizabeth H. Schamber - Heathsville VA, US
Richard J. McGhee - Reston VA, US

Assignee:

Fannie Mae - Washington DC

International Classification:

G06Q 40/00

US Classification:

705 38, 705 35

Abstract:

A computerized mortgage loan data processing system comprises a loan cost analysis engine which compares data pertaining to loan pricing for a mortgage loan with loan pricing standards to evaluate whether the loan pricing is in compliance with the loan pricing standards. An interface is configured to provide an indication regarding whether the loan pricing is in compliance with the loan pricing standards prior to closing of the loan or prior to sale of the mortgage loan in the secondary mortgage market. The indication may be provided to a mortgage loan advisor or to a secondary mortgage market purchaser.

Address:

9205 Christopher St, Fairfax, VA 22031

VIN:

1HGCM66587A008750

Make:

HONDA

Model:

ACCORD

Year:

2007