Invention Grant
- Patent Title: Method and system for correcting errors in consumer reporting
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Application No.: US17546448Application Date: 2021-12-09
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Publication No.: US11893634B2Publication Date: 2024-02-06
- Inventor: Arthur McWain , James J. Dunn
- Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Applicant Address: US IL Bloomington
- Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Current Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Current Assignee Address: US IL Bloomington
- Agency: MARSHALL, GERSTEIN & BORUN LLP
- Main IPC: G06Q40/02
- IPC: G06Q40/02 ; G06Q40/03 ; G06F11/00 ; G06Q40/04

Abstract:
A method and system may detect and correct errors in consumer reporting. A secure data file such as a Metro 2® formatted file may be obtained for a consumer that includes the consumer's credit information. A consumer reporting server may generate a non-sensitive private information (non-SPI) consumer identifier that references non-SPI consumer credit information included in the Metro 2® formatted file. Then a member of the organization may access the non-SPI consumer credit information to review the non-SPI consumer credit information and detect and correct errors. Errors may be detected by training a machine learning model using a first set of non-sensitive private information (non-SPI) consumer credit information from statements including errors and a second set of non-SPI consumer credit information from statements that do not include errors. The non-SPI consumer credit information for the consumer may be applied to the model to identify errors.
Public/Granted literature
- US20220101428A1 METHOD AND SYSTEM FOR CORRECTING ERRORS IN CONSUMER REPORTING Public/Granted day:2022-03-31
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