Computer database system and method for collecting and reporting real estate property and loan performance information over a computer driven network

• US 6,633,875 B2
• Filed: 12/30/1999
• Issued: 10/14/2003
• Est. Priority Date: 12/30/1999
• Status: Expired due to Term

• Current Assignee: OL Security LLC (Intellectual Ventures LLC)
• Original Assignee: Shaun Michael Brady
• Inventors: Brady, Shaun Michael
• Primary Examiner(s): Alam, Hosain T.
• Assistant Examiner(s): Veillard, Jacques
• Application Number:
  US09/476,071
• Publication Number:
  US 20030041063A1
• Time in Patent Office: 1,384 Days
• Field of Search: 707/1, 707/2, 707/4, 707/5, 707/10, 707/102, 707/104.1, 705/30, 705/35, 709/101, 709/201, 709/203, 709/217
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: Y10S 707/99939 Privileged access

Abstract

Real estate data, particularly data of multifamily housing, is stored in a database. The database is accessible to data providers who add data to the database through connection via a computer driven network, such as the Internet. Also, the database can be queried to generate reports providing property and loan performance information generated from the data input by the data providers. Each record in the database pertains to an asset, which data is proprietary to the data provider. Reports resulting from queries that would provide data of an asset or that could be used to provide data of an asset are not allowed. Data is received from a large number of data providers and is passed through a number of validation checks before being entered into the database in order to ensure integrity of the collected data. Also, for updating data of an asset or receiving data from different data providers for the same asset, asset matching is performed to match data of an asset being received with existing data in the database for that asset. As a result, confidentiality of asset level data is maintained in a database system that is publicly accessible over the Internet.

Claims

1. A database system, comprising:

a database or storing data records, each record containing information about a multifamily real estate asset;

a communications server providing communications access for users to said database;

a firewall server connected between said database and said communications server through which data is exchanged between said database and said communications server;

said communications server hosting a query template for requesting report generated from the data records of said database;

means for receiving data from data providers;

means processing said received data including validation processing and asset matching of said received data pertaining to assets with data of stored records of assets;

means for storing said validated and asset matched data in said database;

means processing said report requests, said report processing means receiving a request for data from one said query template, retrieving data from said database in response to said request and generating a report in response to said request, said report processing means further determining if said report generate from said request reveals information of a data record of a single multifamily real estate asset; and

means providing said report to said communications server on the basis of said report request unless said report is determined by said report processing means to provide information of a data record of a single multifamily real estate asset.