Reggora, an appraisal software company, announced Guaranteed Rate has selected its appraisal management technology to support the production of all loans requiring an appraisal. Proper Rate, a Guaranteed Rate Joint Venture, will implement Reggora’s software to streamline its appraisal process.

This will leverage automation and system integrations to create a faster and more enjoyable experience for their operations staff, loan officers, appraisal vendors, and borrowers, the company announced in a release.

Reggora’s platform leverages algorithmic appraisal ordering, configurable workflow automation, and robust integrations to deliver efficiency and agility across the entire appraisal process. Guaranteed Rate will work with Reggora to integrate across its industry-leading proprietary technology, allowing the customer and Guaranteed Rate staff unparalleled visibility to the appraisal throughout the lifecycle and ensuring the right people get the right information at the right time, the release stated.

“Reggora shares our vision of creating the digital mortgage experience of the future, and we believe that Reggora will play a critical role in modernizing our appraisal operations,” Paul Anastos, chief innovation officer of Guaranteed Rate, said in the release. “The improved efficiency, access, and ease of use will truly be a game changer for our production team and customers.”

“Guaranteed Rate holds its technology partners to the same standards that their industry-leading proprietary technology is held to, and we’re proud to have passed their vetting and selection process,” Brian Zitin, CEO and co-founder of Reggora, said. “Building on the success we’ve achieved over time with our current customers, we’re excited to see Reggora’s innovative solutions reaching further as we create the future of modern appraisal.”