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US Patent 11094024 Address based parameter estimation

Patent 11094024 was granted and assigned to OpenDoor on August, 2021 by the United States Patent and Trademark Office.

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Patent abstractTimelineTable: Further ResourcesReferences
Is a
Patent
Patent
1

Patent attributes

Patent Applicant
OpenDoor
OpenDoor
1
Current Assignee
OpenDoor
OpenDoor
1
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
1
Patent Number
110940241
Patent Inventor Names
Mamta Bhandari1
Charles Clayton Allsopp1
Jonathan E. Chu1
Simon Burns1
Wenyang Dong1
Date of Patent
August 17, 2021
1
Patent Application Number
201810311
Date Filed
October 31, 2018
1
Patent Citations Received
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US Patent 11972337 Machine learning model registry
2
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US Patent 11494703 Machine learning model registry
Patent abstract

Systems and methods are disclosed for receiving, from a client device, a first input that provides a current address associated with a user; receiving, from the client device, a second user input that identifies a target location; and searching a real-estate database to identify a real-estate property associated with the current address. The systems and methods further provide for estimating equity associated with the real-estate property, updating parameters of a loan model based on the target location and the estimated equity, and providing an output of the model for presentation to the user based on the updated parameters.

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