Methods and systems for finding value and reducing risk

US7028005B2 · kind B2 · utility

Assignee

• GE Capital Commercial Finance, Inc. · US

Inventors

• Richard Paul Messmer · Rexford, US
• Christopher Donald Johnson · Clifton Park, US
• Tim Kerry Keyes · West Redding, US
• William Cree Steward · Norwalk, US
• Marc Thomas Edgar · Glenmont, US

Key dates

• Filing date: Dec 15, 2000
• Grant date: Apr 11, 2006
• Expiry date: Oct 15, 2022

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of valuation of large groups of assets by a partial full underwriting, partial sample underwriting and inferred valuation of the remainder using an iterative and adaptive statistical evaluation of all assets and statistical inferences drawn from the evaluation and applied to generate inferred asset values. Individual asset values are developed and listed so that individual asset values can be rapidly taken and quickly grouped in any manner for bidding purposes. The assets are collected into a database, divided into categories, subdivided by ratings and then rated individually. Asset value is continuously recalculated based on progressively improving asset valuation data. The assets are then regrouped for bidding and a collective valuation is established by cumulating individual valuations.