System and method for providing automated value estimates of properties as of a specified previous time period
First Claim
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1. A computer-implemented method for providing an automated value estimate of a property as of a previous time period, the computer-implemented method comprising the steps performed by a computer of:
- determining historical valuation data reflecting automated value estimates of properties, the automated value estimates corresponding to values of the properties during a plurality of previous time periods;
storing the historical valuation data in a database;
receiving a request for an automated value estimate of a property as of a specified one of the previous time periods, the request identifying the property and the specified one of the previous time periods;
searching the database for the historical valuation data of the property identified by the request;
retrieving the historical valuation data from the database reflecting the automated value estimate of the property during the specified one of the previous time periods; and
providing, in response to the request, the automated value estimate of the property as of the specified one of the previous time periods.
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Abstract
Systems and methods are provided for providing, based on a model, an indication that an appraisal value for a property is likely to be faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics, such that the received information corresponds to a date. The method determines a score based on the received information and the model, such that the score provides the indication of the likelihood that the appraisal value was faulty on the date.
102 Citations
18 Claims
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1. A computer-implemented method for providing an automated value estimate of a property as of a previous time period, the computer-implemented method comprising the steps performed by a computer of:
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determining historical valuation data reflecting automated value estimates of properties, the automated value estimates corresponding to values of the properties during a plurality of previous time periods; storing the historical valuation data in a database; receiving a request for an automated value estimate of a property as of a specified one of the previous time periods, the request identifying the property and the specified one of the previous time periods; searching the database for the historical valuation data of the property identified by the request; retrieving the historical valuation data from the database reflecting the automated value estimate of the property during the specified one of the previous time periods; and providing, in response to the request, the automated value estimate of the property as of the specified one of the previous time periods. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system for providing an automated value estimate of a property as of a previous time period, the system comprising:
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at least one memory comprising computer-executable instructions to; determine historical valuation data reflecting automated value estimates of properties, the automated value estimates corresponding to values of the properties during a plurality of previous time periods; store the historical valuation data in a database; receive a request for an automated value estimate of a property as of one specified previous time period from among the previous time periods, the request identifying the property and the one specified previous time period; search the database for the historical valuation data of the property identified by the request; retrieve the historical valuation data from the database reflecting the automated value estimate of the property during the one specified previous time period; and provide, in response to the request, the automated value estimate of the property as of the one specified previous time period, and at least one data processor that executes the instructions. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A computer-readable medium comprising computer-executable code for causing a processor to execute a method for providing an automated value estimate of a property as of a previous time period, the method comprising:
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determining historical valuation data reflecting automated value estimates of properties, the automated value estimates corresponding to values of the properties during a plurality of previous time periods; storing the historical valuation data in a database; receiving a request for an automated value estimate of a property as of a specified one of the previous time periods, the request identifying the property and the specified one of the previous time periods; searching the database for the historical valuation data of the property identified by the request; retrieving the historical valuation data from the database reflecting the automated value estimate of the property during the specified one of the previous time periods; and providing, in response to the request, the automated value estimate of the property as of the specified one of the previous time periods. - View Dependent Claims (14, 15, 16, 17, 18)
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Specification