Fannie Mae’s “Value Acceptance + Property Data” Program: What Lenders Need to Know
Curious about Fannie Mae’s “value acceptance + property data” program, announced in March 2023? We created a helpful guide to make it easy for lenders to understand Fannie’s program, how it compares to Freddie’s, and much more.
Introducing the 2022 Appraisal Performance Index
Appraisal fees, revision rates, fee escalations, and turn times — Reggora created the Appraisal Performance Index to provide lenders a view into operational performance across the nation, down to the local level. Here, Ken Dicks outlines why the index matters to lenders and highlights some of the data from 2022.
How Lenders Can Recruit and Retain LOs by Fixing Their Appraisals
Want to know a way lenders can attract top loan officers? Solving critical issues in the appraisal process can help keep LOs happy and set them up for success — vital to lenders competing for top talent.
How Lenders Can Improve Appraisals for Their LOs
Lack of visibility into the appraisal process is a common frustration for loan officers and causes retention issues for lenders. Reggora’s appraisal management automation opens up visibility into the appraisal process, helping lenders improve retention and the appraisal experience for all stakeholders. These outcomes drive a 5% increase in referral business and additional revenue of $28 per loan.
A New Revenue Stream for Real Estate Agents: Property Data Collection
Whether you're a veteran agent or a newcomer, it's essential to keep an open eye out for opportunities that bolster your market expertise and bottom line but keep you nimble to changes in demand in a cyclical market. Here's why Property Data Collection is a perfect new source of income for real estate agents!
STRATMOR and Freddie Mac Data Reveal the ROI of Appraisal Innovation
Industry research indicates a better appraisal process saves lenders over $250 per loan and takes at least two days off the loan origination process.
How Time Actually IS Money in Your Appraisal Operation
Traditional manual appraisal management costs lenders $87 per loan file by slowing appraisal turn times and lengthening the loan cycle. By automating parts of the appraisal ordering and management process, Reggora makes appraisal operations significantly more efficient and cost-effective.
The Lender's Path to Accurate Appraisal Management ROI
It’s well established that the appraisal process can be a painful cost center for lenders, but that doesn't have to be the case. By solving several common appraisal-related pain points with technology, lenders are cutting costs and eliminating headaches in the process.
Credible Appraisal Management ROI Starts with a Sound Assessment of Business Challenges
Manual, outdated appraisal processes cost mortgage lenders unnecessary time and money, but this doesn’t have to be the case. The first step to eliminating these costly pains is for lenders to understand the root cause of their issues and how to solve them.
How Lenders Can Reduce Costs & Improve Borrower Experience with Appraisal Payments
Labor from traditional appraisal billing and invoicing costs lenders $69 per loan file on average. Reggora automates payments for lenders — the most time-consuming and financially risky parts of the appraisal billing and invoicing processes — to help lenders save money and avoid significant revenue leakage.
How Lenders Can Reduce Risk and Costs with Automated Appraisal Quality Control
Traditional appraisal reviews can run upwards of 2 hours and cost lenders $99 per loan file on average. Reggora’s integration with Clear Capital reduces overall review times by 82% through manual workflow automation and intelligent appraisal review.
6 Areas Where Appraisal Automation Increases Lenders' Margins
It’s more than just desktop appraisals and an online platform to accept appraisal orders — appraisal automation reduces a lender’s cost per loan by $258 and Brian Zitin outlines six areas of the process where lenders can adjust their operation to see these gains.