Reggora, an appraisal software company, announced Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal, according to a company release.
Envoy will leverage Reggora technology to deliver a fast and efficient appraisal, supporting their customers through the home buying journey.
Envoy is undergoing a digital transformation and providing extensive investment in technology optimization to improve its overall lending solution, resulting in a modern mortgage experience. Envoy recognizes an appraisal management update will yield a faster time-to-value.
“We recognize Envoy must improve our lending process to deliver an online loan application quickly and efficiently,” Dan Mulberry, chief information officer for Envoy Mortgage, said in the release. “Because Reggora integrates with our current financial technology, we felt it was the right solution toward modernization of the customer experience. We have configured the Reggora software to meet industry standards and ensure Envoy's technology is working seamlessly to support faster appraisal turn times during the lending process.”
By utilizing Regorra’s appraisal technology, the company stated, Envoy’s turn-times will be faster and more efficient. The software removes the need for manual processes and follow-ups, as well as supports automated appraisal ordering and delivery, customer milestone notifications, and increased transparency for all stakeholders.
“We’re excited for Envoy to experience the same successes that our other customers have achieved,” Brian Zitin, CEO and co-founder of Reggora, said. “By replacing manual tasks with automation in Reggora, our customers have reported saving up to 20 minutes of work per loan file, increasing overall efficiency by 213 percent, and decreasing appraisal turn times by an average of three days.”
The software is an integral part of Envoy’s overall vision and scope to provide their customers with the modern mortgage experience they expect.
“Reggora is an important component of our enhanced digital strategy and will allow our branches to optimize the customer experience and provide valuable insights to stay ahead of the current challenges in the appraisal process,” Envoy Mortgage Chief Operating Officer Keith Becher said.