The Federal National Mortgage Association‘s patent involves an automated valuation model that indexes and adjusts property conditions. It utilizes regression analysis on property data to create a property-condition index, enhancing the accuracy of property valuations by considering various property characteristics and conditions. GlobalData’s report on Federal National Mortgage Association gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
According to GlobalData’s company profile on Federal National Mortgage Association, Virtual banking assistant was a key innovation area identified from patents. Federal National Mortgage Association's grant share as of July 2024 was 55%. Grant share is based on the ratio of number of grants to total number of patents.
Automated property condition indexing for valuation modeling
The granted patent US12045899B2 describes a non-transitory data storage device that incorporates computer code designed to enhance property information visualization and analysis. When executed by a processor, the code generates a map image of a geographical area alongside alphanumeric characters that detail properties within that area. The system allows users to interact with the map by selecting an icon that represents a specific property, which, when hovered over, highlights relevant property information. Additionally, the device performs two types of multivariable regressions—property-characteristics and property-condition regressions—utilizing distinct sets of explanatory variables to derive a property-condition index for the geographical area.
Further functionalities of the device include the ability to display the map in full screen and sort property information based on specific characteristics. The alphanumeric data can be derived from appraisal reports and may include insights identified through regression analysis. The first set of explanatory variables may encompass factors such as gross living area and the number of bathrooms, while the second set may include condition remarks and the year built. The device also facilitates the reception of property information via a distributed network, enhancing its capability to provide comprehensive and updated property data to users.
To know more about GlobalData’s detailed insights on Federal National Mortgage Association, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
