Invention Grant
- Patent Title: Collateral valuation confidence scoring system
- Patent Title (中): 抵押评估信心评分系统
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Application No.: US11114252Application Date: 2005-04-26
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Publication No.: US07729965B1Publication Date: 2010-06-01
- Inventor: Mark Y. An , Andre H. Gao
- Applicant: Mark Y. An , Andre H. Gao
- Applicant Address: US DC Washington
- Assignee: Fannie Mae
- Current Assignee: Fannie Mae
- Current Assignee Address: US DC Washington
- Agency: Rader, Fishman & Grauer PLLC
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Confidence scoring entails receipt of a predicted property value for a given property, where the predicted property value is determined based upon application of a property value prediction model. A set of values corresponding to input factors is determined for the property value prediction model, and model parameters are estimated based upon those values. A confidence score for the predicted property value is then calculated using a confidence scoring model and the model parameters. The confidence score is preferably provided as an accuracy probability. This may further be in the form of a probability that the predicted property value has an error within a specified range, such as a specified range expressed in terms of a percentage error.
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