OXFORD, Miss., July 5, 2012 (GLOBE NEWSWIRE) -- Mortgage technology company FNC, Inc. announced Thursday that the appraisal management company, Valued Veterans, will use FNC's flagship product to better serve the nation's major residential real estate lenders.
Valued Veterans, a service disabled veteran-owned appraisal management company (SDVOSB) serving the mortgage finance industry, joins more than 80 other U.S. financial institutions currently using FNC's Collateral Management System® (CMS®).
"Many of the big box banks have expressed an interest in utilizing our best-in-class services. However uniform systems are paramount and continue to be a stumbling block," said Andrew Belt, president and CEO of Valued Veterans, an AMC that creates jobs for military veterans and provides real estate valuation services nationwide. Belt, himself, is a U.S. Marine veteran of the Iraq War. "I truly believe FNC's CMS will be not only a conduit for us, but also a catalyst."
In the mid-1990s, FNC pioneered real estate information technology by developing the CMS, which helps ensure regulatory compliance and streamlines workflow for financial institutions nationwide. Combined with its collateral-focused analytics, FNC offers detailed data about residential property throughout the life of the loan from origination and servicing to secondary and capital markets.
"We are excited about this opportunity to not only assist this veteran-owned AMC, but also to support veterans as a whole by partnering with a young entrepreneur who's attempting to put veterans back to work," said FNC CEO Bill Rayburn.
Many of the top U.S. lenders and servicers use FNC's CMS platform and data and analytic products to help automate their processing and ensure that quality collateral data supports the production of new mortgages and the servicing of existing mortgages. Using CMS, Valued Veterans will be in a better position to explore integration to major U.S. lending institutions.
About Valued Veterans: Valued Veterans starts with a commitment to flexibility, speed and scalability for lenders, investors, servicers, government entities and consumers. Then it brings to its clients unparalleled industry experience and know-how along with a unique ability to navigate the important realm of housing-related federal agencies, departments and GSEs. Valued Veteran's mission is to provide "Best-in-Class" service to the valuation industry, while creating jobs and opportunities for the members of our military family.
To interview any of FNC's mortgage industry experts, contact:
Bill Dabney, manager of public relations
FNC, Inc.
Phone 662/236.8304
bdabney@fncinc.com
About FNC, Inc.
Since 1999, FNC has pioneered real estate information technology, automated appraisal ordering, tracking, documentation and review for lender and servicer compliance with government regulations. FNC's platforms are in production at seven of the 10 largest U.S. mortgage lenders and provide value to large and small lenders with reduced costs and more efficient loan processing. With collateral management platforms, data and analytics, FNC provides advanced insight into the property backing a loan from origination to capital markets. Visit FNC online at www.fncinc.com.
The FNC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9799
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