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Manual, outdated appraisal processes cost mortgage lenders unnecessary time and money, but this doesn’t have to be the case.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.
How Lenders Can Eliminate Revenue Leakage from Appraisal Fees
Lenders lose more than $50 per loan file from unpaid appraisal bills and fee escalations that are never passed to the borrower. Reggora’s appraisal management platform has reliable, proven tools to curb revenue leakage without negatively impacting the borrower’s experience.
Reggora and STRATMOR Study Reveals Appraisal Department Holds the Key to Winning More Mortgage Business
STRATMOR Group data points to the appraisal process as a huge opportunity for lenders. Increased speed, efficiency, and an improved borrower experience in appraisals equate to a value of $286 per loan file for lenders. Read to learn how.
How Clear Capital and Reggora Enhance Lenders' Appraisal Review
Reggora’s integration with Clear Capital automates appraisal review to reduce manual efforts while improving appraisal quality control. Learn how this workflow can reduce time and costs per loan file for mortgage lenders.
6 Reasons to Improve Your Appraisal Process Now
Why should lenders focus on improving their appraisal process? Improving margins, enhancing the borrower experience, and bringing repeat business. Read on to see how appraisals hold the key to reducing a lender's cost per loan while also growing top-line revenue.
The Easiest Way to Take Time Out of the Mortgage Loan Origination Process
To stay ahead of the competitive landscape of mortgage, lenders must focus on satisfying borrowers and delivering a speedy loan cycle. Here's how the appraisal process is key to satisfying borrowers while also reducing a lender's cost per loan.
How Lenders Can Measure Appraisal Management Tech ROI
Don't let anyone tell you it's not possible to measure the ROI of appraisal management tech. There are two core areas where lenders can measure value: appraiser and operational performance.