Patent ID: 11875419
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system for collecting property status information from a property for a virtual appraisal, the system comprising:
at least one central processing unit; and
system memory encoding instructions that, when executed by the at least one central processing unit, cause the system to:
receive the property status information from a plurality of devices positioned about the property, the property status information including maintenance information associated with the property, at least one of the plurality of devices being a sensor device coupled to an aspect of the property that monitors an operating condition, maintenance, and age of the aspect of the property to estimate a useful life remaining for the aspect of the property;
store the property status information in a database;
assess the property status information;
determine from the property status information whether any maintenance required for the property has been implemented;
use the property status information to create the virtual appraisal for the property;
provide a virtual inspection of the property using one or more cameras;
identify from the property status information at least one feature of the property to highlight during the virtual inspection;
obtain, from the property status information, maintenance history for the at least one feature of the property;
determine, based on the maintenance history and the property status information, when maintenance is required for the property;
generate a notification when the maintenance required would affect an appraisal value; and
upon completion of a maintenance activity, memorialize the maintenance activity on a blockchain, including to:
create a new blockchain block;
capture details of the maintenance activity within the new blockchain block; and
add the new blockchain block to the blockchain.