Real estate appraisal using predictive modeling
Patent 5361201 Issued on November 1, 1994. Estimated Expiration Date: 
October 19, 2012. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
October 19, 2012. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesEnhanced neural network shell for application programs Patent #: 5235673 InventorsAssigneeApplicationNo. 963908 filed on 10/19/1992US Classes:705/35, Finance (e.g., banking, investment or credit)706/17ApproximationExaminersPrimary: McElheny, Donald Jr.Attorney, Agent or FirmInternational ClassesG06F 015/18G06F 015/40 AbstractAn automated real estate appraisal system (100) and method generates estimates of real estate value using a predictive model such as a neural network (908). The predictive model (908) generates these estimates based on learned relationships among variables describing individual property characteristics (905) as well as general neighborhood characteristics at various levels of geographic specificity (906). The system (100) may also output reason codes indicating relative contributions (1009) of various variables to a particular result, and may generate reports (701) describing property valuations, market trend analyses, property conformity information, and recommendations regarding loans based on risk related to a property.Other References
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