Title quality scoring systems and methods

• US 20050209872A1
• Filed: 10/14/2004
• Published: 09/22/2005
• Est. Priority Date: 03/18/2004
• Status: Abandoned Application

• Current Assignee: ZD Acquisition LLC
• Original Assignee: Zenodata Corporation
• Inventors: Anastasi, Robert F., Szymanski, Curt D.
• Application Number:
  US10/966,155
• Publication Number:
  US 20050209872A1
• Time in Patent Office: Days
• US Class Current: 705/1.100
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06Q 50/18 Legal services

Abstract

A method of calculating a title score using a computer includes receiving a title score request. The title score request relates to a specific parcel. The method further includes extracting data from documents related to the parcel, using the data and the documents to derive the title score, and outputting the title score.

Claims

1. A method of calculating a title score using a computer, comprising:

at a host computer system, receiving a title score request, wherein the title score request relates to a specific parcel;

at the host computer system, extracting data from documents related to the parcel;

at the host computer system, using the data and the documents to derive the title score; and

outputting the title score.

2. The method of claim 1, further comprising:

searching a property records database for records related to the parcel;

at the host computer system, identifying relationships among the records; and

using the records and the relationships to derive the title score.

3. The method of claim 2, wherein identifying relationships among the records comprises constructing a chain-of-title relating to the parcel, and wherein using the records and the relationships to derive the title score comprises using the chain-of-title to, at least in part, derive the title score.

4. The method of claim 2, wherein identifying relationships among the records comprises identifying encumbrances related to the property and identifying encumbrance curing documents, and wherein using the records and the relationships to derive the title score comprises using the encumbrances and encumbrance curing documents to, at least in part, derive the title score.

5. The method of claim 1, further comprising:

receiving information from a public records database; and

using the information from the public records database to, at least in part, derive the title score.

6. The method of claim 5, wherein the information from the public records database comprises a selection from the group consisting of lien, lis pendens, lien, judgment, bankruptcy, and foreclosure.

7. The method of claim 5, wherein the public records database comprises a tax assessor records database, and wherein the information from the public records database comprises an assessed value of the parcel.

8. The method of claim 1, further comprising:

receiving information from an industry database; and

using the information from the industry database to, at least in part, derive the title score.

9. The method of claim 8, wherein the industry database comprises an insurance industry database, and wherein the information from the industry database comprises information relating to insurance claims relating to the parcel.

10. The method of claim 1, wherein outputting the title score comprises sending a data stream comprising the score.

11. The method of claim 10, wherein the data stream comprises an XML stream.

12. The method of claim 1, wherein the score comprises a selection from the group consisting of number, letter, grade, symbol, vector, matrix, graph, and chart.

13. A system for deriving a title score comprising:

an interface to an external computer, wherein the interface is configured to receive a request for a title score relating to a parcel;

a data extraction arrangement configured to extract data from documents related to the request;

an output generation system configured to derive a title score using the documents and the data extracted from the documents; and

an interface configured to export the output to an external computer.

14. The system of claim 13, further comprising a property records database, wherein the output generation system is further configured to:

search the property records database for records related to the parcel;

identify relationships among the records; and

use the records and the relationships to derive the title score.

15. The system of claim 13, wherein the output generation system is further configured to construct a chain-of-title relating to the parcel and use the chain-of-title to, at least in part, derive the title score.

16. The system of claim 13, wherein the output generation system is further configured to:

identify encumbrances related to the property;

identify encumbrance curing documents; and

use the encumbrances and encumbrance curing documents to, at least in part, derive the title score.

17. The system of claim 13, wherein the output generation system is further configured to:

receive information from a public records database; and

use the information from the public records database to, at least in part, derive the title score.

18. The system of claim 13, wherein the output generation system is further configured to:

receive information from an industry database; and

use the information from the industry database to, at least in part, derive the title score.

19. A computer-readable medium having stored thereon:

code for programming a processor to receive a title score request, wherein the title score request relates to a specific parcel;

code for programming the processor to extract data from documents related to the parcel;

code for programming the processor to use the data and the documents to derive the title score; and

code for programming the processor to output the title score.

20. The computer-readable medium of claim 19, wherein the computer-readable medium has stored thereon:

code for programming the processor to search a property records database for records related to the parcel;

code for programming the processor to identify relationships among the records; and

code for programming the processor to use the records and the relationships to derive the title score.

21. The computer-readable medium of claim 19, wherein the computer-readable medium has stored thereon:

code for programming the processor to construct a chain-of-title relating to the parcel; and

code for programming the processor to use the chain-of-title to, at least in part, derive the title score.

22. The computer-readable medium of claim 19, wherein the computer-readable medium has stored thereon:

code for programming the processor to identify encumbrances related to the property and identify encumbrance curing documents; and

code for programming the processor to use the encumbrances and encumbrance curing documents to, at least in part, derive the title score.

23. The computer-readable medium of claim 19, wherein the computer-readable medium has stored thereon:

code for programming the processor to receive information from a public records database; and

code for programming the processor to use the information from the public records database to, at least in part, derive the title score.

24. The computer-readable medium of claim 23, wherein the information from the public records database comprises a selection from the group consisting of lien, lis pendens, lien, judgment, bankruptcy, and foreclosure.

25. The computer-readable medium of claim 23, wherein the public records database comprises a tax assessor records database, and wherein the information from the public records database comprises an assessed value of the parcel.

26. The computer-readable medium of claim 19, wherein the computer-readable medium has stored thereon:

code for programming the processor to receive information from an industry database; and

using the information from the industry database to, at least in part, derive the title score.

27. The computer-readable medium of claim 26, wherein the industry database comprises an insurance industry database, and wherein the information from the industry database comprises information relating to insurance claims relating to the parcel.