FRASER, Mich., Jan. 11, 2012 (GLOBE NEWSWIRE) -- zipLogix, creator of zipForm®, the real estate industry's leading forms software, today announced the partnership with FNC Inc. to offer an online workflow portal. The partnership will facilitate REALTORS® with a direct connection to top financial institutions that place listings and order hundreds of thousands of broker price opinions (BPOs) per month.
"FNC can help agents identify all distressed sales near a subject property, assess the value of the subject property itself and its neighborhood, and evaluate market trends at the zip-code level and deeper," said Charles Hurst, FNC's executive vice president of sales. "We believe REALTORS® will find great value in this product and we are excited about the opportunity this partnership with zipLogix provides."
Financial institutions look to REALTORS® to help position properties to be sold quickly and efficiently with BPOs. This unique situation demanded an empowering solution for REALTORS®. With FNC's InspectionPort and CollateralDNA™ tools and zipLogix's large agent and broker user base, the benefits were clear. These powerful tools enable agents and brokers to receive BPO orders from lenders and return valuations with speed, confidence, and security.
"Now, more than ever, lenders and servicers are requesting BPOs to help understand the value of their REO properties," said Walt McDonald, Chairman of the Board for zipLogix. "FNC technology gives REALTORS® the opportunity to not only increase their income by providing BPO services, but also to build relationships with financial institutions that can lead to listings of REO properties."
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 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 http://www.fncinc.com/">www.fncinc.com as well as our blog at www.collateralvision.com.
About zipLogix
The zipLogix family of tech-savvy products is the recognized industry standard for electronic real estate forms and transaction management system that are currently used by more real estate professionals than any other real estate software program. zipForm® is the exclusive and official forms software of the National Association of REALTORS®. zipLogix also offers relay®, the web-based transaction management system. zipLogix provides transaction solutions to real estate professionals that enhance the value of services they deliver to their clients while improving productivity and efficiency.
zipLogix a subsidiary of Real Estate Business Services, Inc. (REBS) and is a joint venture between REBS and the National Association of REALTORS®.
The zipLogix logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5842