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Proper Rate, a Guaranteed Rate joint venture, will implement Reggora’s software to streamline its appraisal process, leveraging automation and system integrations in hopes to create a faster and more enjoyable experience for their operations staff, loan officers, appraisal vendors, and borrowers.
Reggora states that its platform uses algorithmic appraisal ordering, configurable workflow automation, and integrations to help increase efficiency and agility across the entire appraisal process. Guaranteed Rate will work with Reggora to integrate across its proprietary technology, allowing the customer and Guaranteed Rate staff more visibility to the appraisal throughout the lifecycle.
“Reggora shares our vision of creating the digital mortgage experience of the future, and we believe that Reggora will play a critical role in modernizing our appraisal operations,” says Paul Anastos, chief innovation officer of Guaranteed Rate.
Reggora states that its mission is to make two-day appraisal turn times a reality. Though, the company recognizes that achieving this reality while maintaining appraisal quality will take more than just technology.