Abstract: A system and related methods for the management and evaluation of real estate appraisals comprising, a method of determining a standardized score representative of the accuracy and quality of a real estate appraisal. Data from the appraisal is extracted and evaluated according to a plurality of compliance and risk based rules applicable to the type of appraisal. Each rule is given a particular weight, and an appraisal score may be calculating by summing each instance of a rule triggered multiplied by the weight assigned to that rule. Weights may be set by experts, or determined by statistical analysis.
Type:
Grant
Filed:
October 31, 2007
Date of Patent:
August 14, 2012
Assignee:
FNC, Inc.
Inventors:
Kathy Coon, Gwen Magrisso, Robert Dorsey