EDR Enters Residential Valuation Market Through Partnership with Appraisal Nation

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Residential valuation services now available through EDR's Collateral360 platform.

EDR, the national provider of data, platform solutions, and insight for the property due diligence industry, today announced it has partnered with Appraisal Nation to offer their complete suite of valuation services through EDR’s Collateral360™ platform.

Appraisal Nation is one of the largest independently held Appraisal Management Companies (AMC) in the country, serving nearly 400 clients with access to over 20,000 appraisers covering every county in America. The partnership with Appraisal Nation includes offering the firm’s residential and commercial appraisal services, reviews, evaluations, automated valuation models (AVMs) and broker price opinions.

“We are excited to announce our partnership with Appraisal Nation and the addition of their valuation services to Collateral360. The addition of Appraisal Nation to Collateral360 allows our clients to manage their residential valuations in a compliant environment, including those related to Regulation B,” said Guy Tassinari, managing director of EDR’s Lender Solutions Group.

Tassinari said that partnering with Appraisal Nation was a logical choice given their outstanding customer service and focus on quality, noting that in 2015 the firm maintained an average nationwide turn-time of 5.8 business days and has one of the lowest revision rates in the country at under 8%. In 2014 they were recognized as a TOP 50 Mortgage Service Provider by Mortgage Executive Magazine for the second year in a row.

“We are thrilled with this key strategic partnership with EDR,” said Appraisal Nation’s John Tedesco, senior vice president of business development. “Appraisal Nation has a long history of being an industry leader and innovator with a proud reputation. When we consider national strategic partnerships we look for those with the highest track record of success, proven quality, and a reputation in the industry above all others. EDR exceeds those expectations.”

Used by nearly 900 lending institutions as a Software as a Service (SaaS) application, Collateral360 (http://www.collateral360.com) allows real estate lenders such as banks, credit unions, private lenders and others to improve the efficiency of their workflow, manage risk, and access data to make important lending and business decisions—all within a secure environment. The platform makes it easy to manage vendors and procure services such as appraisals, evaluations, flood certificates, and other property specific data. “Our vision is to provide a property centric platform that offers lenders a complete view of their real estate assets for property due diligence during origination and for monitoring collateral during the life of the loan term,” said Tassinari.

About EDR
EDR provides data and workflow tools 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 Shelton, CT, 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 http://www.edrnet.com.

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Gary Kulik
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