Corelogic Solutions, LLC

Howard A Botts

Wei Du

Thomas C Jeffery

Wei Geng

Jon Arthur Wierks

Bin He

Duncan Chen

David Stiff

A computer system and associated processes are disclosed for grouping similar real estate properties into contiguous neighborhoods, and for generating neighborhood-specific models capable of estimating property values within their respective neighborhoods. A clustering component uses various sources of property-level data to group properties based on measures of property similarity. For example, the clustering component may use features extracted from property images to identify properties with similar characteristics. As another example, the clustering component may measure property similarity based on how frequently specific properties are designated as comparable in appraisal reports. A model generator uses a machine learning process to determine, for specific neighborhoods, correlations between property attributes and values, and uses these correlations to generate the neighborhood specific models.

Computer processes for clustering properties into neighborhoods and generating neighborhood-specific models

A system, method and computer program product cooperate to extract a building footprint from other data associated with a property. Imagery data of real property is input to a computing device, the imagery data containing a plurality of parcels. A processing circuit detects contrasts of candidate man-made structures on a parcel of the plurality of parcels. The candidate man-made structures are then associated with the parcel. A building footprint is then extracted by distinguishing a man-made structure on said parcel from natural terrain, recognizing that man-made structures when viewed from above generally show a strong contrast from background terrain. Remaining candidate man-made structures are removed by observing that they having features inconsistent with predetermined extraction logic.

Building footprint extraction apparatus, method and computer program product

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Santa Monica, CA, United States of America

Howard A Botts