Company Research Report: Reggora, Inc.
Company Overview
- Name: Reggora, Inc.
- Mission: To transform the residential valuation process by leveraging the latest technology, automations, and integrations to simplify and shorten the entire appraisal workflow.
- Founded: Founded by Will and Brian in 2013. They met as randomly assigned college roommates and shared an entrepreneurial spirit.
- Key People:
- Brian Zitin - Co-founder and CEO
- AJ Samadani - Director of Business Development and Partnerships
- Kevin Peranio - Chief Lending Officer
- Jim Dell'Anno - VP - Director of Sales
- Katherine Campbell - Chief Digital Officer
- Headquarters: No specific location provided.
- Number of Employees: Information not available.
- Revenue: Information not available.
- Known For: Reggora is known for its modern appraisal management software that connects mortgage lenders to their appraisal vendors, reduces costs, impresses borrowers, and increases operational efficiency.
Products
- Appraisal Management Software for Lenders
- Description: A platform designed to connect mortgage lenders efficiently to their appraisal vendors, running every order through one efficient process in the loan origination system (LOS).
- Key Features:
- Seamless connection between lenders and vendors.
- Automation of slow, manual appraisal tasks.
- Management of every order from LOS.
- Improved stakeholder visibility with order status updates.
- Appraisal Vendor Management Software
- Description: Software that turns the appraisal process into a competitive advantage, focusing on better borrower experience and shorter cycle times.
- Key Features:
- Simplification of appraisal payments.
- Empowerment of loan officers by keeping them informed.
- Nationwide appraiser network for coverage.
- Customizable for every branch with different branding and panels.
- Appraisal Review Solution (AI-Powered)
- Description: A new AI-powered tool to reduce mortgage lenders’ operating costs, repurchase risk, and accurately detect bias.
- Key Features:
- Appraisal review with risk reduction and efficient processing.
Recent Developments
- New Product Launches:
- Revolutionary Appraisal Fulfillment Product: The Appraisal Marketplace using an "Uber-style" algorithm for fastest turn times and lowest revision rates.
- AI-Powered Appraisal Review Solution: Launched to reduce lenders' operating costs and risks.
- New Features:
- Introduction of Repurchase & LLPA Adjustment Warranty: Added to the Appraisal Review Software.
- Partnerships:
- Strategic Partnership with Lenderworks: To enhance appraisal management solutions.
- Partnership with Loan Originator Networks: For automated appraisal order compliance.
- Partnership with Pulse: To offer Salesforce Integration, enabling management of appraisals from Salesforce.
- New Personnel:
- Welcoming industry veteran AJ Samadani as Director of Business Development and Partnerships to oversee these functions.
- Other Developments:
- Launch of 2022 Appraisal Performance Index: Benchmarking national and localized performance data.
- Custom Point of Sale Integration: Optimizing borrower experience by embedding appraisal in proprietary systems.
Conclusion
The report highlights Reggora's commitment to innovating and optimizing the appraisal management landscape through strategic partnerships, cutting-edge product offerings, and process automation aimed at reducing costs and increasing efficiency for mortgage lenders.
