Method and system for accelerated collateral review and analysis
First Claim
1. A method for reviewing and evaluating an appraisal report, the method comprising:
- identifying an appraisal report;
identifying relevant data contained in the appraisal report;
extracting the relevant data;
storing the extracted data in a data repository;
normalizing at least a portion of the extracted data;
applying one or more decision rules to the normalized data to identify one or more predetermined events; and
generating an evaluation report including an outcome of the one or more decision rules.
0 Assignments
0 Petitions
Accused Products
Abstract
A method and system for automated review and analysis of appraisal reports, including receiving and identifying an appraisal report. After identifying the appraisal report, relevant data and/or information contained therein is identified and extracted. The extracted data and/or information are then normalized for subsequent evaluation. Thereafter, the normalized data and/or information is evaluated to determine, for example, whether the appraisal report complies with generally accepted appraisal practices and whether the appraised property represents a low, moderate, high, or very high risk. The method and system also generates an output relating to the appraisal report evaluation.
-
Citations
28 Claims
-
1. A method for reviewing and evaluating an appraisal report, the method comprising:
-
identifying an appraisal report;
identifying relevant data contained in the appraisal report;
extracting the relevant data;
storing the extracted data in a data repository;
normalizing at least a portion of the extracted data;
applying one or more decision rules to the normalized data to identify one or more predetermined events; and
generating an evaluation report including an outcome of the one or more decision rules. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
-
-
15. A system for reviewing and evaluating an appraisal report, the system comprising:
-
means for identifying an appraisal report;
means for identifying relevant data contained in the appraisal report;
means for extracting the relevant data;
means for storing the extracted data in a data repository;
means for normalizing at least a portion of the extracted data;
means for applying one or more decision rules to the normalized data to identify one or more predetermined events; and
means for generating an evaluation report including an outcome of the one or more decision rules.
-
-
16. A system for reviewing and evaluating an appraisal report, the system comprising:
-
a processor;
a user interface functioning via the processor; and
a repository accessible by the processor, wherein an appraisal report is identified, wherein relevant data contained in the appraisal report is identified, wherein the relevant data is extracted, wherein the extracted data is stored in the data repository, wherein at least a portion of the extracted data is normalized, wherein one or more decision rules are applied to the normalized data to identify one or more predetermined events, and wherein an evaluation report is generated including an outcome of the one or more decision rules. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
-
-
27. A computer program product comprising a computer usable medium having control logic stored therein for causing a computer to review and evaluate an appraisal report, the control logic comprising:
-
first computer readable program code means for identifying an appraisal report;
second computer readable program code means for identifying relevant data contained in the appraisal report;
third computer readable program code means for extracting the relevant data;
fourth computer readable program code means for storing the extracted data in a data repository;
fifth computer readable program code means for normalizing at least a portion of the extracted data;
sixth computer readable program code means for applying one or more decision rules to the normalized data to identify one or more predetermined events; and
seventh computer readable program code means for generating an evaluation report including an outcome of the one or more decision rules. - View Dependent Claims (28)
-
Specification