States Title Receives Predictive Machine Learning Patent
December 3, 2020
States Title recently received a patent for “Predictive Machine Learning Models” by the U.S. Patent Office.
An important step when closing a real estate transaction is to identify any loans currently encumbering a property. Patent 10,755,184 uses machine learning to remove friction and save time when completing this process.
“Automated open mortgage detection is an essential part of generating title commitments in minutes,” said Brian Holligan, senior data science manager at States Title and patent co-inventor. “By integrating this technology into States Title’s suite of Instant underwriting solutions, we’re approaching the process of establishing title on a property in a way nobody else has—resulting in a more affordable and efficient experience for everyone involved.”
This is the third patent that States Title has been awarded for machine learning.
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