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 system, comprises a device including a memory with an application configured to validate data in an acquisition installed thereon, wherein the system is improved by the application being configured to electronically receive a query for a financial transaction between a first party and a second party, electronically transmit an encryption key from the second party to a third party, electronically transmit the encryption key from the second party to a data source and accessing a first set of a data associated with the financial transaction, electronically receive the first set of data associated with the financial transaction and validate the first set of data associated with the financial transaction by applying validation heuristics and output a finding report and provide the second party validation heuristic output in the finding report.

Abstract: A database of property data is searched based on a location constraint that is determined based on travel time contours constructed for multiple locations of interest. The locations of interest and travel parameters associated therewith are selected by a user. The travel parameters include a maximum travel time for each location. For each location, the travel time contour is constructed based on the travel parameters for the location such that points within the travel time contour have a travel time to the location that is less than or equal to the maximum travel time. The travel time contours are intersected, and the location constraint is based on the intersection.

Abstract: Modeling appropriate comparable properties for the assessment of appraisals entails accessing a property dataset, wherein subsets of properties represented in the property data are determined to be members of respective condominium projects. Condominium project identification information is scrubbed, standardized and updated using various techniques. An automated valuation model is applied to the property data, preferably implementing the condominium project variable as a location fixed effect variable. Appraisal reports where the subject property is a condominium are then analyzed using the results of the automated valuation model, including but not limited to ranking and displaying the appraiser-chosen comparables among the model-chosen comparables.

Abstract: An automated valuation model that uses condition and quality variables. In response to user queries, the model ranks and displays comparables for a subject property. The comparables are selected based on their similarity to the subject. Data on quality and condition of properties is incorporated into the model and corresponding comparable assessments. For example, the quality and condition inputs may be used in a hedonic adjustment factor model, comparable selection exclusion rules, economic distance calculations, and adjustments for differences between the subject and comparables at comparable selection stage. The comparables may be displayed in ranked order based on the calculated similarities between the properties, with indications of the quality and condition categories, to provide an overall assessment of the comparables as well as displayable indications of the underlying quality and condition categories and related information.

Abstract: Modeling appropriate comparable properties for a condo property includes accessing property data, and identifying candidate condo properties in the accessed property data to produce condo property data. A regression is performed using the property data, with the regression modeling the relationship between price and explanatory variables, and the explanatory variables including at least one variable that is specific to condo property assessment. The regression accommodates a modeling of comparable properties, such that a subject condo property and comparable properties may be identified and displayed.

Abstract: A system, comprises a device including a memory with an application configured to validate data in an acquisition installed thereon, wherein the system is improved by the application being configured to electronically receive a query for a financial transaction between a first party and a second party, electronically transmit an encryption key from the second party to a third party, electronically transmit the encryption key from the second party to a data source and accessing a first set of a data associated with the financial transaction, electronically receive the first set of data associated with the financial transaction and validate the first set of data associated with the financial transaction by applying validation heuristics and output a finding report and provide the second party validation heuristic output in the finding report.

Abstract: An automated valuation model and corresponding analysis tool that graphically displays value history information in association with a subject property is disclosed. In one example, the tool generates a graph plotting the valuation history of a subject property over an adjustable time range in relation to a general price index for a pertinent geographical area. When looking at an appraisal for a property, the graph also supports selective plotting of appraiser-selected comparable properties' valuation histories against that of the subject property. The valuation history for comparable properties can be scaled on a pro-rata basis according to the percentage of the adjustments made within the appraisal. In addition, the graph selectively incorporates model-generated comparables and their valuation histories.

Abstract: A system, comprises a device including a memory with an application configured to validate data in an acquisition installed thereon, wherein the system is improved by the application being configured to electronically receive a query for a financial transaction between a first party and a second party, electronically transmit an encryption key from the second party to a third party, electronically transmit the encryption key from the second party to a data source and accessing a first set of a data associated with the financial transaction, electronically receive the first set of data associated with the financial transaction and validate the first set of data associated with the financial transaction by applying validation heuristics and output a finding report and provide the second party validation heuristic output in the finding report.

Abstract: Tools for analyzing sub-markets corresponding to subject properties are disclosed. An initial pool of property sales is determined as a general market for a subject property, according to property characteristics. Interfaces are provided to allow revision of the property characteristics to iteratively flexibly define new sub-markets for the subject property. A map image is displayed depicting the subject property along with properties included and excluded from the current sub-market. Additionally, a graph image depicts sale price versus hedonic price for each property. Boundary lines are provided in the graph image to depict sales price outliers among the results for the current sub-market. The distribution of any selectable property characteristic for the general market and the current sub-market can also be displayed in a graphical image. Interfaces allow the user to investigate individual properties (e.g., outliers) and to selectively include or exclude any given property.

Abstract: An expert system for extracting data found within heterogeneous data sets and making corresponding inferences in order to infer target variable values is disclosed. In one example, the expert system breaks down electronic datasets of asset accounts and analyzes them to extract relevant variables and perform corresponding verification and validation. The expert system may, for example, be configured determine if direct deposit of salary is evidence of sufficient gross income to meet debt to income requirements in a loan application process.

Abstract: A subject property and a corresponding updatable pool of property sales are displayed in a map image. Property characteristics that define the pool of recent sales are manipulated using an interface that lists the characteristics and provides updatable ranges. Once a satisfactory set of ranges is established, the corresponding sub-market for the subject property is recalculated using only those properties that satisfy the new property characteristics criteria. A map image automatically updates to show those properties included in the updated pool, and those that were excluded. A model-based valuation also automatically updates and is listed among property data for the subject property.

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: A system, comprises a device including a memory with an application configured to validate data in an acquisition installed thereon, wherein the system is improved by the application being configured to electronically receive a query for a financial transaction between a first party and a second party, electronically transmit an encryption key from the second party to a third party, electronically transmit the encryption key from the second party to a data source and accessing a first set of a data associated with the financial transaction, electronically receive the first set of data associated with the financial transaction and validate the first set of data associated with the financial transaction by applying validation heuristics and output a finding report and provide the second party validation heuristic output in the finding report.

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: A database of property data is searched based on a location constraint that is determined based on travel time contours constructed for multiple locations of interest. The locations of interest and travel parameters associated therewith are selected by a user. The travel parameters include a maximum travel time for each location. For each location, the travel time contour is constructed based on the travel parameters for the location such that points within the travel time contour have a travel time to the location that is less than or equal to the maximum travel time. The travel time contours are intersected, and the location constraint is based on the intersection.

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: Continuous property-level location effects may be determined by generating property-level location effect functions that map location coordinates to property-level location effect values. Each property-level location effect function corresponds to a sub-region of a larger region, the larger region being a region to which a hedonic equation of an automated valuation model corresponds. Each of the property-level location effect functions may be generated by fitting a set of data points that correspond to the sub-region for which the function is being generated. The set of data point to which a given function is fitted are based on the differences between model-estimated values and actual values (e.g., sales prices) for each of the properties located in the corresponding sub-region and in at least one adjoining sub-region. The property-level location effects functions are continuous and vary within their respective sub-region according to property-level changes in location effect.

Abstract: A method and system for computing an amenity score for any arbitrary point in a given geographic area. The amenity score may take into account a variety of amenity types and an optional list of user-prioritized amenity types, to compute a score that measures the overall amenity availability for that location. The amenity score may be determined by identifying amenities, assigning a unit function to each identified amenity, summing unit functions to obtain an integrated function for each amenity type, and combining the integrated functions into an amenity score function.

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.