Company Filing History:
Years Active: 2010-2014
Title: Innovations by Andre H Gao
Introduction
Andre H Gao is a notable inventor based in Columbia, MD (US), recognized for his contributions to property valuation through innovative data cleaning techniques. He holds a total of five patents, showcasing his expertise in enhancing the accuracy of transaction data.
Latest Patents
One of his latest patents is focused on market-based data cleaning. This technique mitigates idiosyncratic errors in transaction data used for property valuation. The market-based data cleaning method ensures that the most accurate record is retained for a transaction when duplicate records are found. It achieves this by ensuring that the retained record is the most consistent with other transactions of the same property, the local market trend, and the neighborhood market. The algorithms developed accommodate the adoption of a value as a representative single record for a transaction where multiple records are present. Following duplicate removal, this method further eliminates erroneous records by removing transaction outliers, preferably based upon the local market trend.
Another significant patent by Andre is related to multiple transaction property valuation. This approach utilizes multiple transactions to predict a value for a property, rather than relying on a single prior transaction. By employing a weighted combination of mark-to-market values provided by a Housing Price Index (HPI) and individual transaction records, a more accurate predicted value for the property is achieved. The weighting factors consider recency and transaction type to correct for potential inaccuracies.
Career Highlights
Andre H Gao is currently employed at Fannie Mae, where he applies his innovative techniques to improve property valuation processes. His work significantly contributes to the accuracy and reliability of real estate transactions.
Collaborations
Andre collaborates with Mark Y An, who is also a key figure in his field. Their partnership enhances the development of innovative solutions in property valuation.
Conclusion
Andre H Gao's contributions to the field of property valuation through his innovative patents demonstrate his commitment to improving data accuracy and reliability. His work at Fannie Mae and collaborations with colleagues further solidify his impact in the industry.