Provides a cloud-based appraisal management platform that connects mortgage lenders with appraisal vendors, streamlining order management, review, and payment processes. By automating workflows and reducing inefficiencies, it cuts appraisal costs by over $250 per loan file and aims to achieve two-day turn times, improving operational efficiency for over 170 lenders.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Mortgage lenders face challenges in efficiently managing the appraisal process, which often involves manual workflows, disparate systems, and communication bottlenecks. These inefficiencies lead to increased costs, longer turn times, and a less-than-ideal experience for borrowers.
Solution
Reggora offers a cloud-based appraisal management platform designed to streamline and automate the entire appraisal workflow for mortgage lenders. The platform connects lenders with appraisal vendors, providing tools for order management, appraisal review, and payment processing. By integrating directly into the lender's loan origination system (LOS), Reggora eliminates manual data entry and reduces communication delays. The platform's automated underwriting capabilities and appraisal delivery features further accelerate the process, helping lenders reduce costs and improve operational efficiency. Reggora also offers a wholesale solution for lenders working with correspondent channels.
Target Audience
Reggora primarily serves mortgage lenders seeking to optimize their appraisal processes, reduce costs, and improve borrower satisfaction.
Features
- Integration with loan origination systems (LOS) for seamless data flow
- Appraisal marketplace to connect with and manage appraisal vendors
- Automated order management and status updates
- Appraisal review tools to ensure quality and compliance
- Payment processing and invoicing features
- Wholesale solution for managing appraisals in correspondent lending
- API documentation for custom integrations