Technology and patents
RateAnalyzer and Cypher are owned by Sourcetec, Inc. and licensed to Wymac Capital. This page is about history, ownership, and the patent record. It is not a product manual and does not describe product internals.
Background
Sourcetec, Inc. was founded in 1994 to create mortgage and financial-services technology that did not already exist in the marketplace. Russell McDonald is the named inventor on a family of six U.S. patents in mortgage and financial-services data processing. The RateAnalyzer and Cypher inventions sit in that family, which has a priority date of July 22, 1998 and includes U.S. Patent No. 7,315,841. Those patents are now expired, which is normal for work of that age. They remain part of Sourcetec’s technical history.
Issued U.S. patents
- U.S. Patent No. 7,315,841: Mortgage loan and financial services data processing system
- U.S. Patent No. 7,340,435: Mortgage loan data processing system and method for a loan broker
- U.S. Patent No. 7,386,504: Mortgage loan data collection method and apparatus for a financial planning originator and/or financial institution originator of a mortgage loan
- U.S. Patent No. 7,620,598: Mortgage loan and financial services data processing system
- U.S. Patent No. 7,761,372: Mortgage loan data collection method and apparatus for a financial planning originator and/or financial institution originator of a mortgage loan
- U.S. Patent No. 8,527,402: Mortgage loan data processing system and method for a loan broker
What the technology addressed
The family covers systems and methods for gathering, organizing, and processing mortgage and related financial data so originators and institutions can evaluate and manage loan situations more systematically than ad hoc spreadsheets and disconnected tools allowed at the time.
Forward citations
What still matters is influence: later patents across finance and mortgage technology cite this family hundreds of times (on the order of 241 unique external citations; counts change as databases update, so treat the figure as approximate), including patents assigned to Fannie Mae, Intuit, Wells Fargo, Ellie Mae (now part of Intercontinental Exchange, which also owns the New York Stock Exchange), Bank of America, Capital One, JPMorgan Chase, USAA, GE Capital, and IBM, among others. Over the years the technology was presented to more than 200 lenders. Those citations are evidence that the industry moved in directions these inventions anticipated.
Citation is not an endorsement.