Reggora Announces Partnership with Loan Originator Networks to Enhance Appraisal Compliance

Reggora, a leading appraisal management software company, has partnered with Loan Originator Networks, LLC (LON) to ensure that appraisal orders from wholesale brokers and non-delegated correspondents meet current agency appraiser independence requirements. This collaboration aims to refine the process of residential real estate valuation for mortgage lenders.

The integrated partnership guarantees that all appraisals initiated by third-party brokers through the LON platform adhere to updated regulations. LON, which caters to both agency and non-agency TPO aggregators, offers a simplified system through which loans can be originated effectively using a network of wholesale brokers.

Under the enhanced system, Reggora's appraisal order allocation methodologies utilize real-time data to assign orders to the most suitable vendors based on performance criteria such as turn time, quality, and fee escalations. Additionally, the system automates several manual operations, improving the efficiency and satisfaction of both brokers and borrowers. The system also manages all borrower communications under the lender’s branding, including payment collections and status updates.

Executives from both companies expressed excitement about the partnership, highlighting how the modern and automated features of Reggora's system will enable mortgage lenders to stand out in the competitive market by ensuring compliance and enhancing overall operational efficiency.