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Reggora Bags $10M to Fuel Appraisal Innovation

By: Banking CIO Outlook | Tuesday, March 24, 2020

Reggora has secured $10 million to scale the company's appraisal tech and fuel growth.

FREMONT, CA: The industry's pioneering residential appraisal software solution provider, Reggora, has raised $10 million in Series A funding. This round of investment was led by Spark Capital along with existing investors - Boston Seed Capital. The company will focus on enhancing its engineering, sales, and operation teams with the received funding. Reggora will also expand its nationwide presence, continuing to innovate in the real estate valuation space. The company, in response to an appraisal industry reliant on legacy technology and manual workflows, has built a modern appraisal technology platform. This platform brings mortgage lenders and appraisal vendors onto a single core platform.

Reggora's all-in-one software offers lenders with quicker turn-times, operational effectiveness, and an enhanced experience for both borrowers and loan officers. The company has proved itself as the premier automated appraisal technology. Reggora's latest round of funding is a testament to both growth and the strength of the company's software. The software is unrivaled from a technology standpoint, and using the latest technology stack that allows Reggora to build at a pace no one in the industry has seen before. Reggora's total amount is raised to nearly $15 million with the recent round of funding.

Reggora is a modern appraisal technology organization, offering mortgage lenders and appraisal vendors with two-sided software that simplifies the appraisal process from A to Z. Via advanced and personalized workflows, the company's core features comprise algorithmic appraisal ordering, payment processing, appraisal delivery, automatic rule-based reviews, status updates, and more. Lenders using Reggora today experience significantly lower internal overhead, mitigated appraisal turn times, and enhanced buyer experience.

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