How Neat Loans Streamlines Appraisals To Achieve 15-Day Closings
Neat Loans
About Neat Loans
Neat Loans is a technology-forward mortgage company with an ambitious goal: close loans in 15 days. To achieve this, every part of the origination process needs to be fast and efficient — especially the appraisal.
The Challenge
To achieve their 15-day closing target, Neat Loans needed an appraisal solution that could match the speed of the rest of their tech stack. Traditional appraisal processes with 7-14 day turn times were incompatible with this goal.
The Solution
Reggora's platform automates the appraisal workflow and provides the speed Neat Loans needs. The intelligent allocation algorithm finds qualified appraisers quickly, and automated scheduling eliminates back-and-forth.
"We've had multiple occasions where even the borrower has been shocked by how fast the appraiser has accepted the order and done the inspection and then gotten the report."
Adam Dagilis, Appraisal Desk Lead, Neat Loans
Key Results
- 2 hours saved per loan file in appraisal management time
- 15-day closing target achievable with streamlined appraisals
- 20 minutes average time to find and assign an appraiser
Closing faster matters. Request a demo to see how Reggora can accelerate your closings.