Why pay for 3,6 software

[Doug Wegener]

Regorra is free and intends to stay that way. Why pay ACI or anybody else?

 

[James Micozzi]

Regorra is free and intends to stay that way. Why pay ACI or anybody else?

If you believe that Regorra will stay free, then I have a nice bridge in Brooklyn to sell you.

 

[cashcatz]

Regorra is free and intends to stay that way. Why pay ACI or anybody else?

If it's free, then you are the product. Ask them what they are doing with that "free" data you are feeding them (esp. on appraisals that originate from outside of their platform). Remember when they said 24hr appraisals and the guy who runs that company yelled at and insulted appraisers on LinkedIn (and blocked them)? Next it will be 10min appraisals meaning no appraiser in the process any more because you helped train their AI/AVM algos with "free" data.

 

[Doug Wegener]

AI Overview



Yes, Reggora intends to keep its Reggora Forms platform completely free. [1, 2]
Following its verification by Fannie Mae and Freddie Mac for the upcoming November 2, 2026 UAD 3.6 mandate, Reggora intentionally launched its browser-native appraisal forms software with a permanent $0 per report cost. [1, 2, 3, 4]

Why and How It Stays Free
According to statements by Reggora CEO Brian Zitin, the company does not plan to change this model due to its business structure: [1]

• • The Business Model: Reggora's core revenue comes from the lender side of their business (providing an appraisal management platform, automation tools, and payment solutions to mortgage lenders). [1, 2]
  • No Upsell Tiers: The software is free for every single order an appraiser performs, whether it comes from Reggora, an outside AMC, lender-direct, or private fee work. [1, 2]
  • No Hidden Fees: The platform requires no annual license fee, no per-report cost, and includes upcoming features like mobile inspection data tracking at no extra charge. [1, 2]

Appraisers can use the free platform directly via the Reggora Forms Product Page or learn more about the upcoming rollout by reviewing the Reggora UAD 3.6 Evaluation Guide.

 

[Doug Wegener]

what they are doing with that "free" data you are feeding them (esp. on appraisals that originate from outside of their platform












When a tech company gives away software for free, skepticism about data privacy is completely justified. According to Reggora’s public disclosures and their official privacy terms, they are not selling or monetizing your appraisal data to third parties. [1]
Instead, they are using the platform to capture your workflow ecosystem. [1]

1. The Official Policy: No Third-Party Data Selling
Per the Reggora Privacy Policy, the company explicitly states they do not share personal information or consumer transaction data with third parties, unless legally required by regulators or law enforcement. Because they are verified by Fannie Mae and Freddie Mac, they are bound by strict federal compliance rules regarding non-public personal information (NPPI) and Gramm-Leach-Bliley Act (GLBA) data security requirements. [1, 2]

2. What Happens to "Outside" Appraisal Data?
If you process an appraisal that originated outside of Reggora (e.g., direct-lender, a competitor AMC, or private fee work), Reggora uses that data to feed their internal infrastructure in three primary ways: [1]

• Building a Cloud Comp Library: When you enter sales, listings, or rental data, that data is indexed into your own localized comp library within the browser-native workspace. Over time, Reggora builds an aggregated database of property attributes to power their AI-ranked comps tool and auto-fill logic. [1]
• The "Trojan Horse" for Revision Cleanups: If you write an outside report in Reggora Forms and export it, the outside lender or AMC will still send back revisions. Reggora's stated goal is to build an ecosystem so seamless that the outside lender eventually says, "Why are we using our clunky portal? Let’s just use Reggora’s lender platform." Your data remains protected, but your workflow becomes their best sales pitch. [1, 2]
• System Optimization & Usage Behavior: Reggora reserves the right to track geographic data and usage metrics (how long forms take, click rates, errors caught) to optimize their servers and diagnostic tools. [1]

3. The Real Monetization Strategy
Reggora is open about the fact that they don't need to sell appraiser data because lenders pay them thousands of dollars to run their internal appraisal desks. Lenders pay Reggora for core infrastructure: LOS integrations (Encompass, Byte), automated QC risk reviews, and accounting/payment fee routing systems. [1, 2]
Giving appraisers a free tool ensures that when a Reggora-partnered lender pushes an order to an appraiser, the appraiser can accept and complete it instantly with zero friction. [1]

 

[Zoe]

It kinda does sound like they are selling something to the lenders through maybe an internal database. Maybe AVM or something else that benefits the lender? They have to be selling something to the lender.

 

[Doug Wegener]

I don't know. I do know they have a client base of lenders AND they pay higher than average fees. On top of that they pay quickly and, so far, the revision requests have not been onerous or non-existent. I have not used their 3.6 form yet but I am experimenting with it. They are linked in to MLS systems nationwide and I like the fact that comps chosen auto populated into the form. That saves time, lots of time, and there is no third party fee to pay for that service......... The way I see it there is no downside to using their service. Even if they do later charge a fee you can switch to systems like Aivre that are looking at a per report fee.......... I don't really care what anyone else does but it does appear you can save a lot of money....... I don't see a downside at all....................AMC's and software providers must hate them.

 

[Zoe]

I don't know. I do know they have a client base of lenders AND they pay higher than average fees. On top of that they pay quickly and, so far, the revision requests have not been onerous or non-existent. I have not used their 3.6 form yet but I am experimenting with it. They are linked in to MLS systems nationwide and I like the fact that comps chosen auto populated into the form. That saves time, lots of time, and there is no third party fee to pay for that service......... The way I see it there is no downside to using their service. Even if they do later charge a fee you can switch to systems like Aivre that are looking at a per report fee.......... I don't really care what anyone else does but it does appear you can save a lot of money....... I don't see a downside at all....................AMC's and software providers must hate them.

Some may have in house appraisal staff and use his software. I thought about that. Many lenders have staff appraisers and might be paying for the software.

I don't know. Based on what you posted, they are paying the company thousands for something.

Maybe a referral fee for an appraiser.

 

[Doug Wegener]

I can see how 3.6 Could turn out to be a positive thing:1) Higher fees 2)No software overhead 3) No driving comps (major time saver in rural areas) 4) Possibly less time filling out form when software and mobile app are mastered.

 

[GWISC]

Does Reggora have 24/7 IT support?
Can you use their software even if you are not using their AMC platform?

I like my software provider, Alamode. So far they have been accommodating. Yes, I know the 3.6 is glitchy, but they have only been able to work on it since January of this year. The 2.6 had not given me many issues over the years. Once they get all the 3.6 quirks figured out, it should work better. As for the current situation, I blame F&F for not getting 3.6 to our software providers far sooner than they did. I have a lot of patience with my software provider. I know they are frustrated as well.