STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (20250124506). CONTINUOUSLY MONITORING AND UPDATING MORTGAGE READY DATA

CONTINUOUSLY MONITORING AND UPDATING MORTGAGE READY DATA

Organization Name

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor(s)

Benjamin Tarmann of Heyworth IL US

Richard R. Rhodes of Tacoma WA US

Lokesh Awasthy of Santa Clara CA US

Denise Deroeck of Bloomington IL US

Jaime Skaggs of Chenoa IL US

Jacob J. Alt of Downs IL US

Shanna L. Phillips of Bloomington IL US

Shyam Tummala of Bloomington IL US

Matthew S. Meierotto of Bloomington IL US

Richard D. Groonwald of Bloomington IL US

Brian J. Hughes of Scottsdale AZ US

CONTINUOUSLY MONITORING AND UPDATING MORTGAGE READY DATA

This abstract first appeared for US patent application 20250124506 titled 'CONTINUOUSLY MONITORING AND UPDATING MORTGAGE READY DATA

Original Abstract Submitted

a computer-implemented method of continuously updating information about a customer approved for a mortgage, the customer associated with a customer identification number. in one aspect, the method may include monitoring information accessed from a blockchain corresponding to the customer identification number, the information used to determine the customer is approved for a mortgage. in addition, the method may further include receiving new information about the customer, the new information used to determine the customer is approved for a mortgage. further, the method may include updating a block of the blockchain to include the new information and recalculating the amount in which the customer is approved for a mortgage based upon the new information received.