Fintech Startup Idea -Loan collateral equity tracker


1. A computer-implemented method comprising: identifying a loan account associated with a loan; identifying information associated with collateral securing the loan; determining a current equity value associated with the collateral; and generating a notification that additional credit may be added to the loan account.



2. The method of claim 1, wherein determining a current equity value associated with the collateral comprises: determining a market value for the collateral; and determining a total amount of debt and credit secured by the collateral.

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3. The method of claim 2, wherein determining a current equity value associated with the collateral comprising calculating the difference between the market value for the collateral and the total amount of debt and credit secured by the collateral.

4. The method of claim 2, wherein determining a market value for the collateral comprises determining the market value for the collateral based on information provided by a party other than a borrower associated with the account.

5. The method of claim 2, wherein determining a total amount of debt and credit secured by the collateral comprises: identifying all loans that are secured by the collateral; determining an outstanding balance for each loan; and summing the outstanding balances.

6. The method of claim 5, wherein at least one of the loans is a line of credit secured by the collateral, wherein said method further comprises determining a maximum draw amount for each line of credit and, wherein said summing comprises summing the outstanding balances and the maximum draw amounts.

7. The method of claim 1, further comprising: adding additional credit to the loan account.