Reggora, a leading appraisal technology company modernizing residential real estate valuation, today announced a $18 million funding round led by Centana Growth Partners. The investment empowers Reggora to double down on product innovation, with the company's most ambitious solution yet: the rollout of their 24-hour appraisal product set to redefine speed and efficiency in mortgage lending.
"We've spent the last few years solving appraisal infrastructure problems from the ground up," said Brian Zitin, CEO and Co-founder of Reggora. "Now we are finally able to go all-in on fundamentally changing the appraisal process for the better by delivering what lenders have sought for decades: appraisals that don't slow down the closing process. I am extremely excited to unveil it to the industry and have it become the new standard."
Reggora is transforming the appraisal process into a modern, scalable, and faster experience," said Sarah Kim, Partner at Centana Growth Partners. "It reflects the type of innovation we aim to advance through our investments at Centana
The new 24-hour appraisal product is designed to reduce turn times dramatically, and will work across urban, suburban and even rural areas on the vast majority of mortgage transactions. Reggora's objective from day one has been, and will continue to be, enabling lenders to close loans significantly faster while maintaining compliance and quality. Leveraging a proprietary fulfillment network and integrated technology stack, Reggora's solution is purpose-built for high-volume lenders seeking a competitive edge.
"Today's borrower expectations are different. Lenders can't afford to wait 10+ days for an appraisal," said Zitin. "This new appraisal workflow dramatically shortens cycle times without sacrificing accuracy or risk standards."
The 24-hour appraisal product is set for a full nationwide rollout in October. To follow the countdown and learn more about the launch, visit www.reggora.com/24
