US Patent Issued to Radius Group on Feb. 25 for "System and method to create and operate an electronic marketplace of trusted banks for participation in packages of loans" (Colorado, Washington Inventors)

ALEXANDRIA, Va., Feb. 26 -- United States Patent no. 12,236,481, issued on Feb. 25, was assigned to Radius Group LLC (Little Rock, Ark.).

"System and method to create and operate an electronic marketplace of trusted banks for participation in packages of loans" was invented by David M. Wright (Seattle), Emile Reed (Denver), Donald F. Seacrest (Aurora, Colo.) and Cade C. Strieby (Denver).

According to the abstract* released by the U.S. Patent & Trademark Office: "The technology disclosed relates to creation and operation of a marketplace among trusted small and medium sized banks for participation in packages of loans. This technology can be applied to formation of other marketplaces in which trust matters and controlled dissemination of o...