PERFORMING AUTOMATED APPRAISALS WITH AUTOMATIC DETECTION AND REMEDIATION OF SITUATIONS INVOLVING FAULTY CHARACTERISTICS
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United States of America Patent
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Issued Date -
Jun 25, 2015
app pub date -
Dec 23, 2013
filing date -
Dec 23, 2013
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Abstract
Performing automated appraisals with automatic detection and remediation of situations involving faulty characteristics is disclosed. Property information characteristics are extracted from properties listed on electronic appraisals. For a subject property, faulty characteristics include the absence of characteristics, or errors in characteristics. Such faulty characteristics are those that would cause an automated appraisal of the given property to be invalid or unsuitable. In response to the detection of faulty characteristics, interfaces may solicit input addressing the faulty characteristic and upon remediation indicate a clean and complete characteristic set. Thereafter, automated appraisal of the subject property based on the clean characteristic set is initiated to provide an automated valuation of the subject property.
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