FIBO Content Team Schema org David Newman Wells
FIBO™ Content Team Schema. org David Newman Wells Fargo Bank ● July 29, 2015 Confidential
Next Steps • While we are waiting for loans, what activities must we perform to prepare the ground for FIBO Loans. 1. Gain understanding of schema. org most relevant to FIBO/financial domain…. a) b) Organize briefing on data/conceptual scaffolding of schema. org and its methodology Review concepts to inherit and/or bridge 2. Identify how to best reconcile the conceptual difference between some of the existing concepts in schema and in FIBO a) Identify the concepts in schema. org that must be reused that may conflict with some of the FIBO concepts and determine how to bridge or reconcile 3. Determine what new introductions from FIBO (FND, BE, FBC) are best suited for schema core or fibo. schema. org extension as a version 1 release that would pave the way for loans a) b) c) Confidential Contract Financial instrument Financial product/service 2/24/2021 EDM-Council/FIBO Content Team Process 2
Next Steps • Lynn Calahan provide a briefing on loan content for release 2 • Organize a new recurring meeting time that will work for everyone (especially Lynn Calahan) following August recess (most likely reconvene 2 nd week of September) Confidential Copyright © 2013 EDM Council Inc. 3
Methodology 1. Create github fork for schema. org 2. Establish W 3 C working group for fibo. Can this be combined with the EDMC working group? E. g. www. w 3. org/community/fibo. schema. org/ see www. w 3. org/community/schemabibex/ 3. Do analysis of current state of schema. org re: loan use case • Identify gaps in schema. org • Identify existing schema. org elements that are inheritable and reusable 4. Create FIBO loan model • • Confidential Identify new elements for schema. org core Identify elements for fibo. schema. org extension Identify candidates for same. As relations Specify source elements that can be mapped to FIBO Copyright © 2013 EDM Council Inc. 4
Searching Loan Information Across Web Query Knowledge Graph Find lowest home mortgage fixed rate, 30 year loan with 80% LTV Confidential Copyright © 2013 EDM Council Inc. 5
Digital Agent Based Functions Query Reasoning Confidential Knowledge Graph Find best home mortgage refinance loan that I might qualify for Copyright © 2013 EDM Council Inc. 6
*Aggregating Loan Information * Prepared by Lynn Calahan Confidential Copyright © 2013 EDM Council Inc. 7
*FIBO Loan Terms 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. Current Date and Time Mortgage Loan Type (what about other loans) Loan Purpose Loan Amortization Type Loan Amortization Term Posted Interest Rate Posted APR Interest Only Indicator Negative Amortization Indicator Mortgage Product Description (application to other loans) Product Investor Type Initial Adjustment Period Years Count Estimated Closing Costs Loan Amount Discount points Estimated Down Payment Percent Upfront Mortgage Insurance Premium Estimated Monthly Principal and Interest Payment Interest Rate Lock-In Period Day Count Disclosures Text (n+) Geographic region Property state Property county/municipality name Contact information link Contact information telephone number Lender name Lender Logo Confidential * Prepared by Lynn Calahan Copyright © 2013 EDM Council Inc. 8
*Rate Sheet Confidential * Prepared by Lynn Calahan Copyright © 2013 EDM Council Inc. 9
*Loan Terms Confidential * Prepared by Lynn Calahan Copyright © 2013 EDM Council Inc. 10
*Loan Disclosures Confidential * Prepared by Lynn Calahan Copyright © 2013 EDM Council Inc. 11
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