Cutting costs? Reggora saves lenders over $250 per loan file
The High ROI of Appraisal Innovation
A better appraisal process will save lenders more than $250 per loan — we have the data to prove it.
The appraisal process has long been an inherent expense and delay to the workflow of mortgage lenders, long thought to be a necessary evil. We’ve crunched the numbers and analyzed numerous case studies. The result? Innovative appraisal technology delivers ROI via a reduced cost per loan — $258 per file, in fact.
Reggora seamlessly connects mortgage lenders to their appraisal vendors
Become an appraisal modernization expert with these helpful resources
How Assurance Financial Increased Borrower NPS and Shortened Turn Times by 7 Days
Multiple issues across its appraisal operation hurt Assurance Financial's ability to serve borrowers, but Reggora delivered a smoother experience. The resulting efficiency increased the lenders' margins by $150 per loan file.
Why Mortgage Lenders Should Optimize the Appraisal Process NOW
Data from STRATMOR Group shows gaps in lenders' appraisal operations make loan production costlier and slower. To enhance the borrower experience and reduce the cost per loan file, lenders must focus on the appraisal process — now is the time to take action with powerful appraisal management technology.
Reggora: Driving Appraisal Innovation
Reggora is here to streamline and automate the appraisal process with the goal of two-day turn times. Our CEO and co-founder Brian Zitin, speaks to why modernizing the real estate appraisal process is integral to the mortgage industry and how we plan to reach our North Star of two-day appraisals.
“Reggora has shrunk turn times, opened up communication and helped us hit more closing dates.”
“We're picking up 35% improvement in our turn times processing appraisals — a dramatic improvement.”
“It was one of the easiest implementations I've done in a long time. Reggora definitely has the staff to support it.”
“Our accounting department was able to save about 15 hours per week by not having to process invoices manually.”