Patents by Inventor Mark T. Simpson

Mark T. Simpson has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method of and system for evaluating an appraisal value associated with a loan
    Patent number: 7987124
    Abstract: A method of and system for evaluating an appraisal value associated with a loan are disclosed. The method includes receiving an appraisal value and at least one of foreclosure sale data and purchase money transaction data associated with a loan in a computerized system. The method also includes estimating the accuracy of the appraisal value based the at least one of foreclosure sale data and purchase money transaction data. The system includes memory configured to store an appraisal value and at least one of foreclosure sale data and purchase money transaction data associated with the loan. The system also includes a processor coupled to the memory and operable to execute programmed instructions, wherein the programmed instructions are configured to estimate the accuracy of the appraisal value based on the at least one of foreclosure sale data and purchase money transaction data.
    Type: Grant
    Filed: August 18, 2005
    Date of Patent: July 26, 2011
    Assignee: Fannie Mae
    Inventors: Steven J. Holden, Randall K. Price, Mark T. Simpson, Kagan E. Coughlin