US 12,327,281 B2
Continuously updating mortgage ready data
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); and Brian J. Hughes, Scottsdale, AZ (US)
Assigned to State Farm Mutual Automobile Insurance Company, Bloomington, IL (US)
Filed by State Farm Mutual Automobile Insurance Company, Bloomington, IL (US)
Filed on Jul. 22, 2021, as Appl. No. 17/383,350.
Application 17/383,350 is a division of application No. 15/975,474, filed on May 9, 2018, granted, now 11,094,007.
Claims priority of provisional application 62/581,494, filed on Nov. 3, 2017.
Claims priority of provisional application 62/535,018, filed on Jul. 20, 2017.
Claims priority of provisional application 62/514,470, filed on Jun. 2, 2017.
Claims priority of provisional application 62/504,328, filed on May 10, 2017.
Prior Publication US 2021/0350456 A1, Nov. 11, 2021
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/03 (2023.01); G06Q 40/02 (2023.01); G06Q 50/16 (2024.01); H04L 9/06 (2006.01); H04L 9/00 (2022.01)
CPC G06Q 40/03 (2023.01) [G06Q 40/02 (2013.01); G06Q 50/16 (2013.01); H04L 9/0637 (2013.01); H04L 9/50 (2022.05)] 17 Claims
OG exemplary drawing
 
1. A computer-implemented method for continuously updating mortgage ready data in a blockchain, comprising:
receiving, by a processor, first information associated with a real estate property, the first information including an appraisal value of the real estate property;
compiling, by the processor, a first block for storage on the blockchain, the first block including the appraisal value, wherein compiling the first block includes:
computing a first hash value using a hash function, and associating the first hash value with the first block;
receiving, by the processor, second information associated with the real estate property;
determining, by the processor, an updated appraisal value for the real estate property based at least in part upon the second information;
compiling, by the processor, a second block for storage on the blockchain, the second block including the updated appraisal value, wherein compiling the second block includes:
computing a second hash value using the hash function, and
associating the second hash value with the second block;
determining, by the processor and based at least in part on the updated appraisal value, that the real estate property is mortgage ready; and
based on determining that the real estate property is mortgage ready, compiling, by the processor, a third block in the blockchain to indicate that the real estate property is mortgage ready.