CoreLogic has filed a patent for a system that generates unique identifiers for real estate parcels and structures based on geometric land and building information. The system obtains geographical and topological data to determine and assign a unique identifier to each parcel or structure. The system can then retrieve property data linked to the identifier and display it on a user interface. GlobalData’s report on CoreLogic gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on CoreLogic, cloud gaming was a key innovation area identified from patents. CoreLogic's grant share as of September 2023 was 34%. Grant share is based on the ratio of number of grants to total number of patents.
A system for generating unique identifiers for real estate properties
A recently filed patent (Publication Number: US20230316438A1) describes a system for retrieving property information. The system includes a memory that stores computer-executable instructions and a processor in communication with the memory. When executed by the processor, the instructions cause the processor to perform several functions.
Firstly, the system obtains a query for information related to a first input. It then determines that the first input corresponds to a first identifier, which is generated based on the physical boundary of a parcel, structure, or unit associated with the first input. The system retrieves property data linked to the first identifier and causes a user device to display a user interface that depicts the retrieved property data.
Additionally, the system can determine that a second identifier is linked to the first identifier and retrieve second property data linked to the second identifier. The user interface displayed on the user device will then depict both the retrieved property data and the retrieved second property data.
The first identifier can be a parcel unique identifier corresponding to a parcel, while the second identifier can be a structure unique identifier corresponding to a structure on the parcel. Alternatively, the first identifier can be a structure unit unique identifier corresponding to a unit within a structure on a parcel, and the second identifier can be a structure unique identifier corresponding to the structure.
Furthermore, the system can determine that a third identifier is linked to either the first identifier or the second identifier. It retrieves second property data linked to the third identifier and causes the user device to display a user interface that depicts the retrieved property data, the retrieved second property data, and the retrieved third property data.
The system also has the capability to determine if the current boundary of a parcel is different from the previous boundary by a threshold value. If so, it can determine if the parcel has split into sub-parcels or merged with another parcel. Based on this determination, the system generates a second identifier for the parcel and links it with the first identifier.
In summary, the patent describes a system and method for retrieving property information based on user queries. It utilizes unique identifiers generated from physical boundaries of parcels, structures, and units to retrieve and display property data on a user device. The system also allows for the retrieval of additional property data linked to these identifiers.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
