Reggora
Reggora provides appraisal management software used by over 150 mortgage lenders to streamline and automate the appraisal process, reducing costs and improving efficiency.
Services
Reggora offers appraisal management software that connects mortgage lenders to their appraisal vendors. The platform provides tools to manage appraisal orders, payments, and quality control. It also features automated billing and payment solutions. Reggora aims to achieve a two-day turn time for appraisals and integrates with major loan origination systems and point of sale systems.
Products
Reggora's product offerings include the Appraisal Marketplace, which uses an 'Uber-style' algorithm for appraisal orders, and the AI-powered Reggora Appraisal Review. The platform also includes capabilities for integrating with Pulse for Salesforce and features an AI-driven bias detection system. The marketplace supports various valuation products such as Conventional, FHA, USDA, non QM, Jumbo, Fannie Mae, and Freddie Mac.
Available Integrations
Reggora partners with Pulse for Salesforce integration and integrates with major loan origination systems and point of sale systems. These integrations facilitate seamless workflow and data transfer, enhancing operational efficiencies for mortgage lenders.
Appraisal Process Efficiency
Reggora's technology substantially improves the appraisal process by reducing the time and cost associated with it. Lenders using Reggora's platform can save over $250 per loan file and reduce the cost per loan by up to $258. The platform's robust functionality can reduce the time spent on appraisal billing activities by 50%, thereby helping lenders lower underwriting costs and repurchase risk.
Network of Appraisers
Reggora offers a nationwide network of appraisers accessible through its platform. This broad network ensures that mortgage lenders can efficiently manage appraisal orders across multiple regions, thereby ensuring timely completion and consistency in the appraisal process.