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US Patent 8370239 Method and apparatus for testing automated valuation models

Patent 8370239 was granted and assigned to CoreLogic on February, 2013 by the United States Patent and Trademark Office.

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Patent
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Current Assignee
CoreLogic
CoreLogic
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
83702390
Patent Inventor Names
Robert L. Walker0
Benjamin Graboske0
Date of Patent
February 5, 2013
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Patent Application Number
131822890
Date Filed
July 13, 2011
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Patent Primary Examiner
‌
Elizabeth Rosen
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Patent abstract

A method and apparatus for real time testing of automated valuation using various indicators of accuracy. These indicators are then weighted according to their value as indicators of accuracy using individualized weighting factors or an equation. A ranking is then computed based upon the factors and their weights. This method is preformed continuously, so as to achieve real-time or periodically updated automated valuation model accuracy rankings.

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