Automated Mortgage Technology Provider Lender Toolkit announced this week that it has integrated with regoraAn appraisal management software company focused on modernizing residential real estate appraisals for mortgage lenders.
“We are very pleased to partner with Reggora’s modern appraisal management platform, which has a well-documented open API that makes integration easy to maintain,” said Brent Emler, Director of Sales, Lender Toolkit. “While appraisal can often complicate the origination and underwriting processes for mortgage lenders, combining Regora’s platform with AI Underwriter will help our customers reduce appraisal and underwriting cycle times and ultimately reduce costs. That savings can be passed on to the borrowers.
The integration allows Regora’s appraisal management workflow and related data points to be transferred to Lender Toolkit’s AI Underwriter, its automated underwriting system capable of processing loans in 90 seconds or less. These data points are automatically incorporated into real-time underwriting positions, thereby reducing underwriting errors and speeding up the overall process.
By solving common issues that arise during the appraisal process, such as payments, inspection scheduling and status updates, the Regora platform enhances the borrower experience.
The platform also addresses inefficiencies associated with traditional appraisal workflows, which have previously hindered mortgage lenders’ cycle times, increased production costs, and negatively impacted borrowers.
“We are excited about the integration of our platform with Lender Toolkit’s AI Underwriter. “The integration eliminates the manual, mundane tasks traditionally associated with identifying and resolving loan terms, freeing up underwriters time to focus on more complex issues,” said Brian Zitin, CEO of Regora.
Founded in 2015, Lender Toolkit implemented necessary organizational changes to maximize results using its Mortgage Automation as a Service (MaaS) solution including AI Underwriter, Disclosure Automation, Prism Income Automation, Post Close Automation and Investor Delivery specializes in assisting lenders in doing so. ,
MASS leverages artificial intelligence to provide solutions that streamline the mortgage origination process for lenders. The company’s software plug-ins, add-ons and programs can be integrated with LOS, automating and optimizing traditionally manual tasks.
Reggora offers a two-way platform with configurable workflows designed for mortgage lenders and appraisal vendors. The platform offers payment processing, automated appraisal ordering, rule-based review, appraisal delivery, status updates and more, with the goal of streamlining the appraisal process for all parties while improving the borrower experience.
This content was generated using AI, and edited and fact-checked by HousingWire editors.
