Reggora’s Brian Zitin on changes in residential valuations
This week, HousingWire’s Editor in Chief Sarah Wheeler interviews Brian Zitin, CEO of Reggora. In this episode, Zitin talks about innovation within his company, as well as changes occurring in residential valuations.
Here is a small preview of the interview, which has been lightly edited for length and clarity:
Sarah Wheeler: Do you think the FHFA is going to be more accepting of hybrid appraisals going forward and is this the tipping point we’ve kind of been waiting for?
Brian Zitin: You know, no one knows. They have lots of data in terms of prior history. These appraisal waivers that happened over the last year, make us wonder what does that look like in terms of loan effects and costs of losses? It seems like it’s inevitable because any of the changes that have been rolling out have not addressed the problem in the industry, which is the lack of appraisers joining the market. So, unless there is something introduced, whether it’s some of the things that are mentioned in this RFI or more embracing of trainee appraisers, there is going to continue to be more and more of a capacity problem, which affects the liquidity of the market and accessibility of financing for folks. So, it seems like it’s kind of hit a head. And, you know, hopefully, they’re using this opportunity to accelerate that. I’m bullish that it will signal the new and coming but you know, you never know how the government is going to react, so while I have my fingers crossed, we’ll have to see.
The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.