System and method for evaluating real estate transactions
US7440921B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 12, 2002 |
| Grant date | Oct 21, 2008 |
| Priority date | — |
| Expiry date | Oct 18, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Evaluating a real estate transaction based on preliminary data about the transaction. An evaluation system employs a transaction evaluator software module that can receive input about a customer and a type of financial product. The transaction evaluator software module also has access to a variety of data sources defining parameters for the investing institution. When the transaction evaluator receives input for a customer, it retrieves the relevant parameters for investing and performs a series of calculations to determine the likelihood that the customer's transaction will be approved. The results of the calculations can be displayed to the user in a graphical format for a range of transaction values. The graphical presentation of the calculations assists the user in determining whether to proceed with the transaction.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.