Opendoor Technologies Inc.
Address based parameter estimation

Last updated:

Abstract:

Systems and methods are disclosed for receiving, from a client device, a first input that provides a current address associated with a user; receiving, from the client device, a second user input that identifies a target location; and searching a real-estate database to identify a real-estate property associated with the current address. The systems and methods further provide for estimating equity associated with the real-estate property, updating parameters of a loan model based on the target location and the estimated equity, and providing an output of the model for presentation to the user based on the updated parameters.

Status:
Grant
Type:

Utility

Filling date:

31 Oct 2018

Issue date:

17 Aug 2021