Company Filing History:
Years Active: 2011
Title: Innovations by Mark Beardsell in Home Equity Line of Credit Prediction
Introduction
Mark Beardsell is an accomplished inventor based in Wildwood, MO (US). He has made significant contributions to the field of financial technology, particularly in predicting outcomes related to home equity lines of credit (HELOC). His innovative approach combines historical data analysis with advanced simulation techniques to provide valuable insights for financial institutions and consumers alike.
Latest Patents
Mark Beardsell holds a patent for a "Method and apparatus for predicting outcomes of a home equity line of credit." This invention utilizes account information to forecast potential outcomes of a HELOC. By modeling state transition probabilities based on historical data regression analysis, the method employs a Monte Carlo simulation seeded with HELOC account information. The calculation engine simulates the passage of time using a random number generator and the established transition probabilities. This iterative process continues until the end of the prediction period is reached, providing updated account information that can be used for further simulations.
Career Highlights
Mark Beardsell is currently employed at CoreLogic Information Solutions, Inc., where he applies his expertise in financial modeling and predictive analytics. His work has been instrumental in enhancing the understanding of HELOC dynamics, thereby aiding financial institutions in making informed decisions. With a focus on innovation, he continues to explore new methodologies to improve financial forecasting.
Collaborations
Throughout his career, Mark has collaborated with notable colleagues such as Harlow Burgess and Paul Calem. These partnerships have fostered a creative environment that encourages the development of cutting-edge solutions in the financial sector.
Conclusion
Mark Beardsell's contributions to the field of financial technology, particularly through his patent on predicting HELOC outcomes, demonstrate his commitment to innovation. His work not only benefits financial institutions but also empowers consumers with better insights into their financial options.