ALEXANDRIA, Va., July 14 -- United States Patent no. 12,682,393, issued on July 14, was assigned to PollyEx Inc. (San Francisco).
"System and method for a loan trading exchange" was invented by Adam Carmel (San Francisco) and Karson Miller (Half Moon Bay, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented method for committing to a sale of loan products to selected buyers using a software application. The method includes receiving, with the application, a plurality of bids offered by prospective buyers for loans previously made to borrowers and offered for sale to the prospective buyers via the application; establishing a plurality of pools using the application, each of the plurali...