Systems and methods for home value scoring
First Claim
1. A method for providing one or more scores indicating a likelihood that an appraisal value is faulty, said method comprising the steps of:
- receiving information representative of at least one of a borrower, a property, or one or more demographics;
receiving a first appraisal value of the property from a first source;
receiving a second appraisal value of the property from a second source, such that the second appraisal verifies the first appraisal;
determining one or more parameters based on the received information, the received first appraisal value, and the received second appraisal value; and
providing the one or more scores based on the one or more parameters.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods are provided for generating a model for providing one or more scores indicating a likelihood that an appraisal value is faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics; receiving a first appraisal value of the property; receiving a second appraisal value of the property, such that the second appraisal verifies the first appraisal; and determining one or more parameters for the model based on the received information, the received first appraisal value, and the received second appraisal value, such that the one or more parameters enable the model to provide the one or more scores.
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Citations
19 Claims
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1. A method for providing one or more scores indicating a likelihood that an appraisal value is faulty, said method comprising the steps of:
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receiving information representative of at least one of a borrower, a property, or one or more demographics; receiving a first appraisal value of the property from a first source; receiving a second appraisal value of the property from a second source, such that the second appraisal verifies the first appraisal; determining one or more parameters based on the received information, the received first appraisal value, and the received second appraisal value; and providing the one or more scores based on the one or more parameters. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system for providing one or more scores indicating a likelihood that an appraisal value is faulty, said system comprising:
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means for receiving information representative of at least one of a borrower, a property, or one or more demographics; means for receiving a first appraisal value of the property from a first source; means for receiving a second appraisal value of the property from a second source, such that the second appraisal verifies the first appraisal; means for determining one or more parameters based on the received information, the received first appraisal value, and the received second appraisal value; means for providing the one or more scores based on the one or more parameters.
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18. A system for providing one or more scores indicating a likelihood that an appraisal value is faulty, said system comprising:
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at least one memory comprising; code that receives information representative of at least one of a borrower, a property, or one or more demographics, code that receives a first appraisal value of the property from a first source, code that receives a second appraisal value of the property from a second source, such that the second appraisal verifies the first appraisal, code that determines one or more parameters based on the received information, the received first appraisal value, and the received second appraisal value, and code that provides the one or more scores based on the one or more parameters; and at least one data processor that executes said code.
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19. A computer program product for a system for providing one or more scores indicating a likelihood that an appraisal value is faulty, the computer program product comprising code, said code comprising:
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code that receives information representative of at least one of a borrower, a property, or one or more demographics; code that receives a first appraisal value of the property from a first source; code that receives a second appraisal value of the property from a second source, such that the second appraisal verifies the first appraisal; code that determines one or more parameters based on the received information, the received first appraisal value, and the received second appraisal value; and code that provides the one or more scores based on the one or more parameters.
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Specification