Home Appraisal

Reggora released a new AI solution for appraisal review, the company announced in a press release. Reggora Appraisal Review is a new software that analyzes appraisal reports to identify key data points, inconsistencies, and potential red flags. The product can detect bias in reports more accurately than lexicon-based tools, removing objectivity concerns for underwriters, company leaders say. “[C]onsider a report that mentions a property located in the city of ‘Race Point Beach.’ While the term “Race” would trigger a keyword-based bias detection tool, Reggora’s AI-powered algorithm can discern the context and understand that it is simply the name of the city,” they said. Reggora Appraisal Review also reduces repurchase risk by giving lenders the opportunity to customize rule sets and…