It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Reggora to discuss all things credit union, fintech, and digital innovation.
Reggora is an appraisal management platform. They speed through the property appraisal process in a fraction of the time that it usually takes.
One of the keys to Reggora’s platform is they automate a good deal of the appraisal process. Usually, a lender or loan officer will try to find an appraiser who specializes in the type of property being appraised. Then, it takes more time for the appraiser to meet the lender on their schedule.
Reggora addresses the long wait times for appraisals by using an Uber-like algorithm to match lenders and qualified appraisers. Reggora uses a database of thousands of appraisers. Their algorithm finds the most qualified appraiser nearby who fits with the lender’s schedule.
Overall, Reggora is able to accomplish in only a few days what usually takes a couple weeks to finish. Credit unions can use Reggora to help them streamline their mortgage experience.
If this sounds like an intriguing credit union–fintech partnership, check out the video and Reggora snapshot below!
Credit Union Fintech Snapshot: Reggora
Top 3 Problems Solved
- Appraisal speed
- Mortgage experience
- Finding qualified appraisers
Reggora Founder: Brian Zitin
Reggora Market Strategy
Credit Unions and other mortgage lenders
Credit Union Fintech: Reggora in the News
Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.
Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.
If you want to learn more about credit union–fintech partnerships, click here.