Back to results
US 2006/0224499 A1Published application
Method and apparatus for computing a loan quality score
AssigneeFirst American Real Estate Solutions, L.P.
InventorsBenjamin Graboske, Vernon Martin
Life of this patent
Estimating the term…
Abstract
A method of computing a loan quality score using user input data concerning a subject property and the proposed loan, The loan quality score is useful in determining the probability that fraud is involved in the property loan request being made to a lender.
Claims25
A computer-based method of computing a loan quality score for a subject property comprising the steps of:
- using past loan data to develop at least one algorithm for use in predicting loan fraud;
- obtaining subject property data;
- and
- applying said at least one algorithm to said subject property data to thereby compute a loan quality score.
1 more element
A method to be performed by a computer of determining a loan quality score for a subject property comprising the steps of:
- using past loan data to develop at least one algorithm for use in predicting loan fraud;
- obtaining subject property data;
- obtaining an automated valuation model valuation of said subject property;
- computing additional variables based upon said data and said automated valuation model valuation;
- and
- applying said algorithm to said subject property data, said additional variables and said automated valuation model valuation to thereby compute a loan quality score.
3 more elements
A computer-based apparatus for computing a loan quality score for a subject property comprising:
- input means for receiving subject property data
- computation means connected to said input means for computing a loan quality score and for computing algorithms for use in providing said loan quality score;
- and
- output means connected to said computation means for providing the results.
1 more element
Dependencies are inferred from the claim text.