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EDR Adds Appraisal Expert; Focus On Enhancing Clients' Workflow

MILFORD, Conn., Dec. 12, 2013 /PRNewswire/ -- EDR, a national provider of data, applications, and insight for the property due diligence industry, today announced that Al Gabberty has joined the Company's Lender Services Group in the role of appraisal product manager. Gabberty is responsible for the development and execution of product strategy as it is related to appraisal management services available through the EDR Lender Portal.

According to Guy Tassinari, managing director of EDR's Lender Services Group, "Al will continue to evolve the appraisal management functionality of the EDR Lender Portal. He brings a wealth of appraisal subject matter expertise to the EDR team, and will play an instrumental role in helping our clients streamline and simplify their collateral valuation efforts." Tassinari continued, "Lenders are looking for alternatives to outsourcing the procurement of appraisal services to Appraisal Management Companies (AMC's), a practice imposed on them by the now defunct HVCC Act. The EDR Lender Portal provides that self-management alternative." 

Prior to joining EDR, Gabberty served as chief integration officer for US Appraisal Group, an AMC serving bank clients nationwide. Prior to that, he served as president of the New York Appraisal Management Company, vice president of retail appraisal operations for HomeGate Settlement Services, and regional chief appraiser for Collateral Risk Solutions.

Gabberty also comes to EDR with several awards and designations including SRA Designation from the Appraisal Institute, MRICS Designation from the Royal Institute of Chartered Surveyors, and RAA Designation from the National Association of Realtors. He has served as an instructor for the Appraisal Institute and the State of New York.

About the EDR Lender Portal

The EDR Lender Portal is a web-based application that simplifies property due diligence and compliance. The platform enables lenders to administer and manage policy, screen properties for environmental issues, procure services such as appraisals and flood certificates, expedite internal and external reviews, and produce detailed reports. With the Portal, lenders can build policies into the workflow, allowing for "automated" compliance. There are presently over 800 banks and credit unions using the system, representing nearly 10,000 individual users. More information can be found at www.edrnet.com/lenders.

About EDR

EDR provides data and technology to property due diligence professionals. Since 1990, EDR has been curating America's most comprehensive repository of environmental and land use information from both public and private sources. This national database contains over 3.1 billion current and historical records —including the complete Sanborn Library archive of land use maps.  EDR also conducts market research and shares strategic industry intelligence through a variety of online channels and in-person events.  Headquartered in Milford, Conn., EDR has regional offices located throughout the U.S. The company is wholly owned by the Daily Mail and General Trust, plc (DMGT). For more information about EDR, please visit www.edrnet.com.

Contact: Brett Dehler (800) 352-0050

Brett Dehler: bdehler@edrnet.com
Pat Coyne: pcoyne@edrnet.com

SOURCE EDR

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