Patents by Inventor Pamela W. Sims
Pamela W. Sims 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).
-
Patent number: 11798076Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: April 25, 2022Date of Patent: October 24, 2023Assignee: Federal Home Loan Mortgage Corporation (FREDDIE MAC)Inventors: James Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 11328355Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: May 8, 2020Date of Patent: May 10, 2022Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: James Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 11244386Abstract: Systems and methods consistent with the present invention generate a model for providing one or more scores indicating a likelihood that a stated income is faulty. In one embodiment, the method includes, for example, receiving information representative of at least one borrower; receiving a first income value for the at least one borrower; and receiving a second value for the at least one borrower, such that the second income value verifies the first income value. Moreover, the method includes determining one or more parameters for the model based on the received information, the received first income value, and the received second income value, such that the one or more parameters enable the model to provide the one or more scores.Type: GrantFiled: March 5, 2013Date of Patent: February 8, 2022Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims
-
Patent number: 10664908Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: October 2, 2017Date of Patent: May 26, 2020Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: James Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 10453155Abstract: Systems, methods, and computer-readable storage media are described for estimating real estate property values based on an adjusted repeat sales model. In one exemplary embodiment, a computer-implemented method comprises calculating data for estimating the adjustments from aggregated levels to disaggregated levels by marking a first transaction to a second transaction using a repeat sales house price index function at an aggregated level; determining, using the calculated data, an estimate of the deviation between the repeat sales house price index at the aggregated level and a repeat sales house price index at a disaggregated level; and calculating the repeat sales house price index at the disaggregated level based on the determined estimate of the deviation from the aggregated level.Type: GrantFiled: March 21, 2013Date of Patent: October 22, 2019Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: James Douglas Gordon, Pamela W. Sims
-
Patent number: 9779453Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: December 16, 2013Date of Patent: October 3, 2017Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: James Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 8682682Abstract: A method, system, and non-transitory computer-readable storage medium are disclosed that determine a likelihood that an appraisal for a property is accurate. The method may include receiving borrower information and property information. The method may further including calculating, based on the received borrower information and property information, a score for the appraisal of the property, the score providing an indication of the accuracy of the appraisal. The method may further include establishing a plurality of ranges within which the score may fall, each of the ranges providing a relative indication of the accuracy of the appraisal. The method may further include analyzing the score to determine within which of the plurality of ranges the score falls. The method may further include determining, based on the analysis of within which range the score falls, whether to request further review of the appraisal.Type: GrantFiled: August 26, 2011Date of Patent: March 25, 2014Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder
-
Patent number: 8612358Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: February 14, 2013Date of Patent: December 17, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: James Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 8548905Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: September 14, 2012Date of Patent: October 1, 2013Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8401868Abstract: Systems and methods consistent with the present invention generate a model for providing one or more scores indicating a likelihood that a stated income is faulty. In one embodiment, the method includes, for example, receiving information representative of at least one borrower; receiving a first income value for the at least one borrower; and receiving a second value for the at least one borrower, such that the second income value verifies the first income value. Moreover, the method includes determining one or more parameters for the model based on the received information, the received first income value, and the received second income value, such that the one or more parameters enable the model to provide the one or more scores.Type: GrantFiled: May 11, 2010Date of Patent: March 19, 2013Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims
-
Patent number: 8386395Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: April 28, 2005Date of Patent: February 26, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: J. Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 8280806Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: September 13, 2011Date of Patent: October 2, 2012Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8239318Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: September 13, 2011Date of Patent: August 7, 2012Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8108302Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: August 13, 2009Date of Patent: January 31, 2012Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8010377Abstract: Systems and methods are provided for generating a model for providing one or more scores indicating a likelihood that an appraisal value is faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics; receiving a first appraisal value of the property; receiving a second appraisal value of the property, such that the second appraisal verifies the first appraisal; and determining one or more parameters for the model based on the received information, the received first appraisal value, and the received second appraisal value, such that the one or more parameters enable the model to provide the one or more scores.Type: GrantFiled: October 29, 2007Date of Patent: August 30, 2011Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder
-
Patent number: 7974854Abstract: Systems and methods are provided for providing, based on a model, an indication that an appraisal value for a property is likely to be faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics, such that the received information corresponds to a date. The method determines a score based on the received information and the model, such that the score provides the indication of the likelihood that the appraisal value was faulty on the date.Type: GrantFiled: April 6, 2010Date of Patent: July 5, 2011Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder, Mathew J. Klena
-
Patent number: 7835919Abstract: Systems and methods are provided for providing an indication that an appraisal value for a property is likely to be faulty using a model. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics; receiving the appraisal value of the property; and determining a score based on the received information, received appraisal, and the model, such that the score provides the indication of the likelihood that the appraisal value for the property is faulty.Type: GrantFiled: March 12, 2002Date of Patent: November 16, 2010Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder
-
Patent number: 7797166Abstract: Systems and methods consistent with the present invention generate a model for providing one or more scores indicating a likelihood that a stated income is faulty. In one embodiment, the method includes, for example, receiving information representative of at least one borrower; receiving a first income value for the at least one borrower; and receiving a second value for the at least one borrower, such that the second income value verifies the first income value. Moreover, the method includes determining one or more parameters for the model based on the received information, the received first income value, and the received second income value, such that the one or more parameters enable the model to provide the one or more scores.Type: GrantFiled: October 30, 2002Date of Patent: September 14, 2010Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims
-
Patent number: 7711574Abstract: Systems and methods are provided for providing, based on a model, an indication that an appraisal value for a property is likely to be faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics, such that the received information corresponds to a date. The method determines a score based on the received information and the model, such that the score provides the indication of the likelihood that the appraisal value was faulty on the date.Type: GrantFiled: October 7, 2003Date of Patent: May 4, 2010Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder, Mathew J. Klena
-
Patent number: 7693764Abstract: Systems and methods consistent with the present invention provide an indication of whether a mortgage loan is likely to involve property value fraud, such as a property involved in mortgage flipping. In one embodiment, a method includes receiving information representative of the property, the information including foreclosure information on the property and a rate of foreclosures corresponding to a region in which the property is located; and determining an indication based on one or more rules and the received information, the indication representative of a likelihood that the mortgage loan application involves property value fraud.Type: GrantFiled: July 16, 2004Date of Patent: April 6, 2010Assignee: Federal Home Loan Mortgage CorporationInventors: J. Douglas Gordon, Pamela W. Sims, Aohua Chen