APPRAISAL ADJUSTMENTS SCORING SYSTEM AND METHOD

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20150302419A1
SERIAL NO

14258512

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method for appraisal adjustments scoring rates the quality of adjustments made by appraisers in their appraisals of real property. This is done by accessing a model adjustment database that is based on an automated valuation model and a peer adjustment database that is based on an aggregate of appraiser peers in the same geographic location as the subject property. A comparison is conducted for adjustments made by the appraiser to both model adjustments and peer adjustments to determine discrepancies. When a discrepancy is larger than a threshold, a message or warning may be generated. A sales pool composition database is also accessed to determine a valuation impact of the flagged adjustments given the particular set of comparable sales selected by the appraiser. After data evaluation, a rating score is calculated for the property appraisal based on the number and severity of messages and the valuation impact.

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Patent Owner(s)

Patent OwnerAddress
FANNIE MAE3900 WISCONSIN AVENUE N W WASHINGTON DC 20016-2892

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Davis, Adam Alexandria, US 73 524
Dawson, Zachary Washington, US 4 0
Medinets, Alex Washington, US 2 0
Obrecht, Paul Santa Fe, US 1 0
Rosenblatt, Eric Derwood, US 41 27

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