PERFORMING AUTOMATED APPRAISALS WITH AUTOMATIC DETECTION AND REMEDIATION OF SITUATIONS INVOLVING FAULTY CHARACTERISTICS

摘要

Performing automated appraisals with automatic detection and remediation of situations involving faulty characteristics is disclosed. Property information characteristics are extracted from properties listed on electronic appraisals. For a subject property, faulty characteristics include the absence of characteristics, or errors in characteristics. Such faulty characteristics are those that would cause an automated appraisal of the given property to be invalid or unsuitable. In response to the detection of faulty characteristics, interfaces may solicit input addressing the faulty characteristic and upon remediation indicate a clean and complete characteristic set. Thereafter, automated appraisal of the subject property based on the clean characteristic set is initiated to provide an automated valuation of the subject property.

主权项

1. A method for entering at least one input prior to an automatic appraisal of an identified subject property, the method comprising:
extracting, by a processing unit, characteristics from a plurality of electronic appraisals associated with the identified subject property, where the characteristics are property information corresponding to the identified subject property; detecting, by the processing unit, a faulty characteristic based on whether at least one of the characteristics would cause the automatic appraisal to fail; prompting, by the processing unit, an interface in response to detecting the faulty characteristic; receiving, by the processing unit, through the interface a first input addressing the faulty characteristic to produce a clean characteristic set; executing, by the processing unit, the automatic appraisal of the subject property based on the clean characteristic set; and providing, by the processing unit, a valuation of the subject property resulting from the automatic appraisal.