Patria Smith Kunde

Title: A Profile of Inventor Patria Smith Kunde

Introduction

Patria Smith Kunde, based in McLean, Virginia, is a distinguished inventor known for his innovative contributions in the field of property valuation and credit risk frameworks. With a total of three patents to his name, his work significantly impacts financial and real estate industries.

Latest Patents

One of Patria's recent innovations is an **Automated Valuation Model Using Ordinal Variables**. This model leverages condition and quality variables to rank and display comparables for a subject property in response to user queries. By incorporating data on the quality and condition of properties, the model utilizes methods such as hedonic adjustment factors, comparable selection exclusion rules, and economic distance calculations. The goal is to provide a comprehensive assessment by representing comparables in ranked order, along with indications of their quality and condition categories.

Another significant patent developed by Patria is a **Credit Risk Framework**. This framework outlines systems and methods for evaluating the eligibility of loans intended to be delivered to purchasers in the secondary mortgage market. The credit risk framework categorizes potentially eligible loans and utilizes an eligibility grid structured by two data elements. Each segment of the grid provides additional information about any restrictions linked to loans, thereby enhancing the understanding of risk within delegated authority structures.

Career Highlights

Patria Smith Kunde currently holds a position at Fannie Mae, an organization recognized for its critical role in the housing finance system in the United States. His insights and inventions are vital to modernizing approaches to property valuation and risk assessment in financing.

Collaborations

Throughout his career, Patria has collaborated with notable colleagues, including Elizabeth Marie Dorsey and Malav Vijay Doshi. These partnerships have likely contributed to the innovative projects that Patria has developed, fostering an environment of creativity and technological advancement.

Conclusion

Patria Smith Kunde exemplifies the spirit of innovation within the realms of property and finance. Through his patents and collaborations, he continues to make significant contributions, showcasing the importance of inventive thinking in addressing complex market challenges. His work not only advances the industry but also enhances the effectiveness of mortgage risk management and property valuation methodologies.