Eliminate underwriting review on 70% of your appraisals
Get the only automated appraisal review software with a repurchase warranty. When an eligible appraisal passes our automated review, we cover any financial loss associated with a repurchase / LLPA adjustment due to an appraisal defect.
Why use Reggora Appraisal Review?
Significantly reduce underwriting costs
Less underwriting resources needed to scale volume
Eliminate financial losses from repurchases
No more costly buybacks due to poor appraisals
Close loans faster
Efficiently send loans to the closing table
Auto approve 70% of your appraisals & maintain no financial liability
Reggora combines powerful technology with the industry’s first repurchase warranty so you can spend less underwriting hours reviewing appraisals & close loans faster at a lower cost.
Appraisal Submitted
Passed Quality Review
Warranty Issued
Ready for Close
Focus on appraisals with higher repurchase risk
With our warranty in place for 70% of your appraisals, underwriters can focus on the remaining appraisals — which have higher repurchase risk to begin with.
Streamline your review workflow
Seamlessly assign underwriters/reviewers based on predefined loan criteria, prioritize orders, and review rule results. Easily track unassigned orders and monitor the progress of assigned orders.
Use comprehensive rule results
With increased repurchases in the market, it's vital to identify potential problem areas. Reggora Appraisal Review automates clerical checks for completeness, consistency, compliance, and valuation analysis. This frees up valuable time for underwriters to focus on critical analysis while maintaining consistency and compliance.
Make your review process more transparent
Generate a comprehensive artifact capturing property information, GSE findings, Reggora Appraisal Review insights, and reviewer comments. This artifact acts as a documented history of the review process, ensuring transparency and compliance.
Seamless integration with your LOS
Get a seamless integration between appraisal review and your LOS. This means faster order assignment, transfer of commentary, and exchange of review artifacts (XML, PDF & more), streamlining the entire review process.
Ai-powered bias detection
Reggora Appraisal Review takes the first steps towards detecting bias by using artificial intelligence to perform fair lending checks on appraiser commentary. It highlights potentially biased language to reviewers, along with context on why it may or may not be biased, saving time and minimizing issues that may arise from biased commentary.
Built into your order management platform
Unlike other appraisal review tools, Reggora Appraisal Review is fully integrated within Reggora’s Order Management Platform. Underwriters access the order timeline, engage in conversations with appraisers, and interact with the review process seamlessly.
