If you mean some parameter values under "Identity Data" group then yes, it should be possible with Revit API. You could do it with the built-in macro manager or build your own add-on. I assume you could also do it with Revit Python Shell.
To do it on the fly you'd need to subscribe to the DocumentChanged event, from its DocumentChangedEventArgs you have to extract the list of new elements, filter it to see only the stuff you want to set the parameter values for, set the parameter values in a transaction and that's it.
Ok, that's what I was thinking as well. With that, would it be automatic? Meaning, could I write a small plug-in where I typed in the information I wanted to be filled. Then I drew a bunch, and those fields would be automatically filled based of off what I put into my plug-in?
Actually, I now rethought it. I believe you couldn't use macro manager for it, but you could make your own plug-in. You need to implement the solution described in the below article.
http://thebuildingcoder.typepad.com/blog/2016/11/using-other-events-to-execute-add-in-code.html
Thanks for sharing!
Yet another approach is to use DMU(Dynamic Model Updater):
http://thebuildingcoder.typepad.com/blog/2016/01/idling-dmu-documentchanged-and-need-for-regen.html
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