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.