Patent №
US 7,599,882
Granted
2009-10-06
Filed 2003
Owner
FIRST AMERICAN REAL ESTATE SOLUTIONS
+1 more
Lab
—
AI components
2
ml · planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
10713348
A method of detection of fraud in a mortgage application: in a computer system, maintaining a database of sales prices of real properties in a geographic area where the property is located; obtaining a valuation history for the property; obtaining historical sales data for similar properties in the geographic area; computing price ratios using these valuation histories; computing a distortion index based on the price ratios, the distortion index indicating the likelihood of a fraudulent valuation.
AI classification
Ownership
FIRST AMERICAN REAL ESTATE SOLUTIONS
assignment · 147550304
FIRST AMERICAN REAL ESTATE SOLUTIONS, L.P.
correct · 358210245
Assignors
CAGAN, CHRISTOPHER L.
On an employer assignment, the assignors are typically the inventors.