Patent Document ID: 8244563
Application ID: 11932297
Patent Flag: 1

Claim One:
1. A computer-implemented method for evaluating a real estate appraisal, comprising the steps of: extracting data from the appraisal; in a computer processor or microprocessor, evaluating the extracted data against a plurality of rules applicable to the type of appraisal, wherein each rule is assigned a particular weight; and automatically calculating in a computer processor or microprocessor an appraisal score based on the evaluation, wherein the appraisal score is calculated by summing the total of each rule that is triggered multiplied by the weight assigned to that rule, according to the following formula: Score = K 1 + ⅇ ∑ j = 1 N ⁢ ⁢ w jj ⁢ r j Γ where N rules are evaluated, K is a constant, Γ is a constant, w is the weight of a rule, and r is a variable that defaults to 0 but takes on the value 1 if the rule triggers or fires.