EDR, a national provider of data, applications and insight for the property due diligence industry, 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.
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 Co., vice president of retail appraisal operations for HomeGate Settlement Services, and regional chief appraiser for Collateral Risk Solutions.
"Al will continue to evolve the appraisal management functionality of the EDR Lender Portal,” said Guy Tassinari, managing director of EDR's Lender Services Group. “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.”
Lenders are looking for alternatives to outsourcing the procurement of appraisal services to Appraisal Management Companies (AMCs), a practice imposed on them by the now defunct HVCC Act. The company said its Lender Portal provides that self-management alternative.
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.
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. There are presently over 800 banks and credit unions using the system, representing nearly 10,000 individual users.