Reggora is a modern, cloud-based appraisal management software platform designed specifically for mortgage lenders and appraisal vendors. Its core purpose is to streamline and automate the real estate valuation process, reducing the traditionally lengthy and manual workflows associated with appraisals.
Founded in 2016, Reggora leverages automation, real-time communication, and seamless integrations to help lenders manage the appraisal lifecycle more efficiently—from order creation to report delivery. The platform eliminates back-and-forth communication, speeds up payment processing, and ensures compliance with regulatory requirements.
Reggora is used by banks, credit unions, and mortgage lenders seeking to modernize their appraisal operations without sacrificing accuracy or compliance.
Features
1. Automated Appraisal Ordering
Lenders can set up rules-based appraisal orders that automatically assign tasks to appropriate vendors based on location, performance, or licensing criteria.
2. Centralized Communication Hub
In-platform messaging between lenders, appraisers, and borrowers improves transparency and eliminates email clutter.
3. Payment Processing and Management
Reggora handles secure borrower payment collection upfront, reducing risk and ensuring timely fee transfers to appraisers.
4. Real-Time Status Tracking
All stakeholders can view the current status of an appraisal in real time, including due dates, milestones, and communications.
5. Vendor Management and Performance Analytics
Lenders can evaluate appraisers with detailed performance metrics, compliance tracking, and automatic vendor assignment based on rules.
6. Appraiser Panel and AMC Integration
Supports hybrid models where lenders can work with their own panels or third-party Appraisal Management Companies (AMCs).
7. LOS Integrations
Reggora integrates with major Loan Origination Systems (LOS) like Encompass® by ICE Mortgage Technology for a seamless workflow.
8. Compliance and Audit Tools
Built-in audit trails, status logs, and regulatory compliance features ensure that lenders are ready for reviews and audits.
9. Custom Branding and User Roles
Lenders can white-label the platform and assign different access levels and permissions for staff, processors, and managers.
10. APIs for Custom Integrations
Reggora offers an API for institutions seeking deeper customization or integration with proprietary systems.
How It Works
Appraisal Order Submission
A lender or processor initiates an appraisal order through Reggora, which automatically assigns it to the most suitable appraiser or AMC.Appraiser Acceptance and Scheduling
The selected appraiser accepts the job and coordinates the inspection directly with the borrower, with all updates reflected in the portal.Real-Time Updates and Communication
Throughout the process, updates, messages, and documents are shared securely in real-time within the Reggora platform.Payment Collection
Reggora collects payment from the borrower at order time, holding funds until completion. The platform then distributes payments to vendors upon appraisal delivery.Report Review and Delivery
Appraisal reports are submitted, reviewed for quality and compliance, and delivered directly to the LOS or lending team.
Use Cases
1. Mortgage Lenders
Reggora helps lenders reduce appraisal turn times, automate vendor assignment, and improve borrower experience with real-time tracking and digital payments.
2. Banks and Credit Unions
Financial institutions use Reggora to modernize their appraisal workflows while maintaining regulatory compliance and internal control.
3. Appraisal Management Companies (AMCs)
AMCs integrate into the Reggora ecosystem to serve lender clients and manage orders efficiently across a national panel.
4. Appraisers
Independent appraisers benefit from streamlined communication, faster payment, and easy access to assignments through Reggora.
5. Loan Processors and Underwriters
These users can track appraisal progress, communicate with vendors, and ensure all compliance requirements are met before loan closing.
Pricing
Reggora does not publicly list pricing on its website. The platform follows a custom pricing model tailored to each lender or institution based on:
Number of monthly appraisal orders
Required integrations (LOS, POS, AMCs)
Custom features or API usage
Vendor panel size and payment models
Interested lenders and partners are encouraged to schedule a demo or request pricing directly from Reggora via the contact form:
https://www.reggora.com/schedule-demo
Strengths
1. End-to-End Appraisal Automation
Reggora significantly reduces manual touchpoints, automating the full appraisal lifecycle.
2. Integrations with Leading LOS Platforms
Seamless connectivity with major LOS providers ensures smooth, embedded workflows.
3. Transparent and Real-Time Communication
All stakeholders stay updated with minimal friction, improving borrower and appraiser satisfaction.
4. Scalable for Institutions of All Sizes
Whether for a regional credit union or national bank, Reggora scales its solution to match institutional needs.
5. Compliance-Ready
The platform ensures that appraisal processes meet federal and state regulatory requirements with audit logs and automated recordkeeping.
Drawbacks
1. No Public Pricing
The lack of transparent pricing may deter small lenders looking to evaluate software options quickly.
2. Focused on Enterprise Clients
Smaller operations or solo appraisers may find Reggora more robust than needed or difficult to implement without IT resources.
3. Learning Curve for New Users
As a comprehensive enterprise platform, Reggora may require onboarding and training for full team adoption.
Comparison with Other Tools
Reggora vs. Mercury Network
Mercury Network offers appraisal management and vendor management similar to Reggora. However, Reggora focuses more on automation and borrower-facing features like payment collection and branded portals.
Reggora vs. Appraisal Firewall
Appraisal Firewall provides compliance-oriented appraisal tools, but lacks the modern UX and automated borrower communications that Reggora delivers.
Reggora vs. Anow
Anow is appraiser-focused, while Reggora serves lenders directly. Lenders needing enterprise-level appraisal management will find Reggora better aligned with their workflow needs.
Customer Reviews and Testimonials
Reggora has received positive feedback from its client base, which includes lenders, appraisal managers, and technology integrators.
On the official Reggora website, testimonials highlight:
Improved efficiency in order management
Reduction in appraisal turn times
Enhanced borrower experience with automated payments
Seamless integration with existing loan systems
One customer noted:
“Reggora’s automation capabilities allowed us to cut down our appraisal timeline significantly. Our processors love the centralized dashboard.”
While public third-party review platforms (like G2, Capterra, or Trustpilot) have limited coverage of Reggora, the company’s growing presence and enterprise partnerships reflect a strong market reputation.
Conclusion
Reggora is a next-generation appraisal management platform tailored for modern mortgage lenders seeking efficiency, automation, and compliance. By replacing manual processes with a centralized, real-time system, Reggora improves turnaround times, vendor management, and borrower satisfaction.
While its custom pricing and enterprise focus may not suit small-scale operations, it’s a strong fit for banks, credit unions, and large lenders aiming to digitize and streamline their valuation workflows.
