The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 24, 2021
Filed:
May. 09, 2018
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Benjamin Tarmann, Normal, IL (US);
Richard R. Rhodes, Tacoma, WA (US);
Lokesh Awasthy, Santa Clara, CA (US);
Denise DeRoeck, Bloomington, IL (US);
Jaime Skaggs, Chenoa, IL (US);
Jacob J. Alt, Downs, IL (US);
Shanna L. Phillips, Bloomington, IL (US);
Shyam Tummala, Bloomington, IL (US);
Matthew S. Meierotto, Bloomington, IL (US);
Richard D. Groonwald, Bloomington, IL (US);
Brian J. Hughes, Scottsdale, AZ (US);
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Abstract
A system and computer-implemented method for continuously updating information about one or more of a customer approved for a mortgage and a real estate property identified as mortgage ready using computer technology and/or machine learning algorithms or artificial intelligence. The method includes monitoring information corresponding to one or more of the customer or the real estate property; identifying new information about one or more of the customer or the real estate property; updating a computer file and/or memory location/address to include the new information about one or more of the customer or the real estate property; and recalculating one or more of the amount in which the customer is approved for the mortgage or the appraisal value of the real estate property based upon one or more of new information received and the updated information from the computer file and/or memory location/address.