REGGORA RAISES $3 MILLION TO STREAMLINE THE HOME APPRAISAL PROCESS

摘要

Reggora, an appraisal platform serving both appraisers and mortgage lenders, has secured $3 million in seed funding to help it expand across the country and continue to enhance its platform. The funding round was led by Spark Capital with participation from Boston Seed Capital, an early investor in the company. After the 2008 housing crisis, the Home Valuation Code of Conduct (HVCC) was created to protect appraiser independence and prevent outside pressure on appraisers that might influence property values. This measure added an additional layer of complexity to the process. Reggora's platform facilitates compliance with these regulations while cutting down on redundancies and manual processes with a seamless and transparent two-sided platform that provides all the necessary tools to efficiently complete appraisals. The platform is completely free for appraisers.