Fannie Mae

Patria Smith Kunde

Cynthia Huffman Keith

Elizabeth Marie Dorsey

Malav Vijay Doshi

Gwen Muse-Evans

Eric Rosenblatt

Jesse Staal

John Treadwell

Lisa Dorsey

An automated valuation model that uses condition and quality variables. In response to user queries, the model ranks and displays comparables for a subject property. The comparables are selected based on their similarity to the subject. Data on quality and condition of properties is incorporated into the model and corresponding comparable assessments. For example, the quality and condition inputs may be used in a hedonic adjustment factor model, comparable selection exclusion rules, economic distance calculations, and adjustments for differences between the subject and comparables at comparable selection stage. The comparables may be displayed in ranked order based on the calculated similarities between the properties, with indications of the quality and condition categories, to provide an overall assessment of the comparables as well as displayable indications of the underlying quality and condition categories and related information. The model may also use other ordinal variables and may perform any type of valuation.

Automated valuation model using ordinal variables such as condition and quality variables

A credit risk framework and systems and methods for using the same. The credit risk framework provides information regarding the eligibility of loans to be sold (delivered) to a purchaser, such as in the secondary mortgage market. The credit risk framework includes determining categories of potentially eligible loans. At least one risk segment is determined and an eligibility grid associated therewith. The eligibility grid is organized using two data elements as axes and forming boxes representing ranges of the two data elements. Each box is then further associated with additional information regarding any restrictions on loans that would fall in the box. Each risk segment may have its own level of delegated authority so as to tie risk to a delegation structure.

Credit risk framework

Growing community of inventors

McLean, VA, United States of America

Patria Smith Kunde