Company Filing History:
2 out of 2 
1 out of 11 
1 out of 2 Years Active: 2009-2014
Title: Innovations and Contributions of Jacob Spoelstra
Introduction
Jacob Spoelstra is an accomplished inventor based in Carlsbad, California. He holds a total of 4 patents that showcase his expertise in developing innovative solutions in various fields, particularly in auction pricing and fraud detection.
Latest Patents
One of Jacob's latest patents is a computer-based method and computer program product for setting floor prices for items sold at auction. This adaptive method estimates the selling price for an item at auction to set a reserve. The method calculates the selling price based on previously sold items and their feature differences. It employs distance metrics to compare the item with similar items, selecting a subset of the most comparable ones. A weighting function is calculated for each item based on its distance metric, and the selling price is estimated using these functions and differential values. The differential values are modeled as a linear dynamical system and updated using a Kalman filter based on actual sales prices and current estimates of uncertainty.
Another significant patent involves a system and method for detecting mortgage-related fraud. This invention includes a computerized method that receives mortgage data associated with an applicant and related entities. It determines a score for the mortgage data based on a model derived from historical mortgage transactions. The system generates data indicative of fraud based on this score, contributing to enhanced fraud detection capabilities in mortgage applications.
Career Highlights
Jacob has worked with notable companies such as Basepoint Analytics, LLC and CoreLogic Information Solutions, Inc. His experience in these organizations has allowed him to refine his skills and contribute to significant advancements in technology and data analysis.
Collaborations
Throughout his career, Jacob has collaborated with talented individuals, including James Baker and Yuansong Liao. These partnerships have fostered innovation and the development of cutting-edge solutions in their respective fields.
Conclusion
Jacob Spoelstra's contributions to innovation through his patents and career achievements highlight his role as a significant figure in the field of technology. His work continues to influence the areas of auction pricing and fraud detection, showcasing the impact of his inventive spirit.