Abstract: Ranking and displaying comparable properties entails receiving appraisal information comprising a subject property and appraiser-chosen comparable properties corresponding to the subject property. Property data corresponding to a geographical area is accessed, in support of determining model-chosen comparable properties based upon the appropriateness of each of the comparable properties as comparables for the subject property. A map image is displayed for the geographical area, along with indicators on the map image indicative of the subject property, at least one of the appraiser-chosen comparable properties, and at least one of the model-chosen comparable properties.

Abstract: The present invention relates to a mapping and comparing choroplethic housing statistics. In one example, this comprises accessing property data corresponding to a geospatial area. Analytics are used to generate usable property data statistics from the accessed property data. A thematic map image based on the usable property data statistics is then generated according to comparison categories, so that the thematic map image may be displayed.

Abstract: 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.

Abstract: A system and method may aggregate into a data structure property information from multiple databases, e.g., from all records included in those databases, and upon selection of any subject property or a characteristic thereof curates the often imperfect and discrepant property information to create suggested values. Similarly, the system and method may perform an on-the-fly evaluation of any characteristic of a selected record, when the property information for that characteristic includes an unlikely value, by triggering from the data structure a dynamic extraction of property information corresponding to a subject property of the selected record, where the dynamic extraction further generates and compares a suggested value to the unlikely value.

Abstract: A comparable property selection system and method employs dynamic gating in the selection of comparable properties. When the most restrictive comparable selection algorithm fails to identify enough comparable sales to use as inputs to the downstream analytics processes, the system does not simply expand the pool or solely expand the corresponding geographical area. Instead, the system automatically loosens and tightens property search filters iteratively to expand and shrink the size of a local geographic and economic market to locate comparables that have property characteristics that most closely reflect the real estate market considerations a buyer, or an appraiser acting as a buyer, would evaluate in a heterogeneous market.

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.

Abstract: A device including a memory with an automated collateral fraud and risk detection application installed thereon, wherein the application determines whether a final appraised value of an appraisal was correctly reconciled from comparable properties listed on the appraisal by extracting reconciliation information from the appraisal, the reconciliation information including adjusted sale prices for each comparable property listed on the appraisal and the final appraised value; applying a rule set to the reconciliation information to generate sub-scores; applying a heuristic to the sub-scores to generate a reconciliation score; and outputting a scorecard for the appraisal based on the reconciliation score.

Abstract: An appraisal error detection method includes accessing a database of appraisal-data-field entries of property appraisals. Because sales transactions are cited repetitively as comparables on multiple appraisals, it is possible to inspect appraisal-data-field entries for consistency. An error detection operation is performed for each of the corresponding appraisal-data-field entries by detecting any discrepancies, both between appraisers, and between different appraisals by the same appraisers, where corresponding appraisal-data-field entries are for a same property characteristic of a same property. Appraisal-data-field entries determined by the error detection operation to be erroneous are flagged, and a discrepancy score may be assigned to flagged erroneous entries that indicates an amount of risk posed by the entry. Appraisals in the database may be assigned a score based upon the sum of their entries' discrepancy scores.

Abstract: An electronic document includes header, view, data, and signature sections. The data section provides data typically processed in transactions involving the electronic document. The view section includes presentation formatting for displays corresponding to the data. Linking elements identify corresponding main data values and view data values respectively used to populate the data section and display presentation formatting, and are accessible for determining whether the data in the display and data section, providing assurances that processed data matches that found in documents used by parties to a transaction. A digital signature section allows a digital signature to be provided, and used to wrap that data and view sections, to ensure authenticity. The header section provides document type, state and other information that is readily accessed without otherwise scanning the electronic document.

Abstract: A system comprises a device including a memory with an automated collateral fraud and risk detection application installed thereon, wherein the application evaluates risk in an acquisition in support of end user decisions by accessing at least one database to retrieve documentation corresponding to the acquisition and secondary information corresponding to the documentation, the documentation and secondary information each including data fields; compares the documentation data fields with corresponding secondary information data fields to identify acquisition defects; applies risk heuristics on the acquisition defects to generate a probability estimation for each acquisition defect; and outputs a risk evaluation for the acquisition including a confidence metric based on an aggregation of the probability estimations.

Abstract: A data processing system for analyzing and reporting payoff quotes for mortgage loans is provided. The system provides several user interfaces: e.g., an interface through which lenders may enter lender payment information, an interface through which an analyst may enter payment quotes, and an interface through which lenders and/or analysts may compare the other prepayment information with prepayment payment quotes provided by the system. Any of the interfaces may be supported via a network. A database of all payoff quotes, lender payment information and any lender decisions regarding the same is maintained by the system for future reference.

Abstract: A computer system for managing defaults that includes a loan investor platform associated with a loan servicer platform. The loan investor platform provides a loss mitigation workout type decision engine that receives from the loan servicer platform a first set of data associated with a loan loss mitigation case, determines an optimum loan workout for the loss mitigation case based on borrower criteria, prequalifies the loan for the optimum loan workout based on at least one investor set business rule and the first set of data, and communicates the loan workout that the loan is prequalified for to the at least one other computing device.

Abstract: Automated valuation model with customizable neighborhood determination. A map image is displayed corresponding to a geographical area, and then user input accommodates definition of a particularly defined geographic area to provide custom identification of a neighborhood to be subject to automated valuation. Once the defined geographic area is established, the automated valuation model is applied to property data corresponding to properties within the defined geographic area. A subject property and corresponding properties within the defined geographic area are then displayed on a map image, preferably with articulation of the defined geographic area as the neighborhood of interest. The neighborhood may be defined by, among other criteria, inclusion within a user-defined shape, as well as exclusion of a user-defined shape from a displayed geographic area.

Abstract: Market based data cleaning for mitigation of idiosyncratic errors in transaction data used for property valuation. The market based data cleaning technique helps to ensure that the most accurate record is retained for a transaction when duplicate records are found, by ensuring that the retained record is the most consistent with other transactions of the same property, the local market trend, and neighborhood market. Algorithms accommodate the adoption of a value as a representative single record for a transaction where multiple records are present for a transaction. Following duplicate removal, market based data cleaning further eliminates erroneous records by eliminating transaction outliers, also preferably based upon the local market trend, along with all of the remaining transactions for each given property.

Abstract: An electronic document includes header, view, data, and signature sections. The data section provides data typically processed in transactions involving the electronic document. The view section includes presentation formatting for displays corresponding to the data. Linking elements identify corresponding main data values and view data values respectively used to populate the data section and display presentation formatting, and are accessible for determining whether the data in the display and data section, providing assurances that processed data matches that found in documents used by parties to a transaction. A digital signature section allows a digital signature to be provided, and used to wrap that data and view sections, to ensure authenticity. The header section provides document type, state and other information that is readily accessed without otherwise scanning the electronic document.

Abstract: An electronic registry stores information relating to a transferable electronic record and the controller of an authoritative copy of the transferable electronic record. The electronic registry includes information for authenticating a true copy of the authoritative copy of the transferable electronic record. The electronic registry also facilitates registration of the transferable electronic record and transfer of legal rights associated therewith.

Abstract: A method for location triggered home evaluation for an electronic device that determines a location of the electronic device and identifies a subject property associated with the location. Further, a set of appraisal information for the subject property that includes a listing of comparable properties determined to be appropriate comparable properties for the subject property is requested.

Abstract: The present invention relates to photograph initiated property assessment. In one example, an electronic device performs a photograph initiated property assessment by accessing a photographic assessment itinerary that includes a plurality of target portions for the subject property and a set of image capture requirements for each of the plurality of target portions. Further, when performing the initiated property assessment the electronic device prompts a plurality of image capture requests according to the photographic assessment itinerary while displaying a menu that permits the addition of information to the set of image captures.

Abstract: A method for automatic detection of inconsistencies in an appraisal by extracting data from the appraisal to create component data arranged into a predetermined set of categories and selecting a control identifier to trigger a generation of comparison data. Further, through a comparison between the comparison data and the component data, inconsistencies within the appraisal are identified.

Abstract: A method for managing best efforts forward commitments for loans to be sold by a lender, where each loan has loan level data and the best efforts forward commitments have commitment data includes determining a price for the best efforts commitment based on at least the loan level data and tracking the loan level data for each loan. Upon identifying a change to the loan level data, the loan level data and the commitment data including the price is updated based on the change.