Collateral valuation confidence scoring system

Details Collateral valuation confidence scoring system Collateral valuation confidence scoring system

2005-04-26

2010-06-01

Trammell, James P (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S001100, C705S03600T, C702S194000

Reexamination Certificate

active

07729965

ABSTRACT:
Confidence scoring entails receipt of a predicted property value for a given property, where the predicted property value is determined based upon application of a property value prediction model. A set of values corresponding to input factors is determined for the property value prediction model, and model parameters are estimated based upon those values. A confidence score for the predicted property value is then calculated using a confidence scoring model and the model parameters. The confidence score is preferably provided as an accuracy probability. This may further be in the form of a probability that the predicted property value has an error within a specified range, such as a specified range expressed in terms of a percentage error.

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