Automated valuation model with customizable neighborhood determination

US8655106B2 · kind B2 · utility

Assignee

• Fannie Mae · US

Inventors

• Nathan P. Den Herder · Falls Church, US
• Megan C. Berry · Rockville, US
• Yong Chen · Potomac, US
• Eric Rosenblatt · Derwood, US
• Alford P. Williams · Plano, US

Key dates

• Filing date: Oct 24, 2011
• Grant date: Feb 18, 2014
• Expiry date: Feb 7, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0278
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Automated valuation model with customizable neighborhood determination. A map image is displayed corresponding to a geographical area, and then user input accommodates definition of a particularly defined geographic area to provide custom identification of a neighborhood to be subject to automated valuation. Once the defined geographic area is established, the automated valuation model is applied to property data corresponding to properties within the defined geographic area. A subject property and corresponding properties within the defined geographic area are then displayed on a map image, preferably with articulation of the defined geographic area as the neighborhood of interest. The neighborhood may be defined by, among other criteria, inclusion within a user-defined shape, as well as exclusion of a user-defined shape from a displayed geographic area.