FNC Partners with Integrated Asset Services (IAS)

Top Quote Agreement Supports More Precise Real Estate Collateral Valuations. End Quote
  • Denver, CO (1888PressRelease) August 13, 2010 - Mortgage Technology Company FNC Inc. has partnered with Integrated Asset Services (IAS) to offer FNC's servicing clients an option for procuring next-generation real estate valuations that are more precise than ever.

    With the IAS option already fully integrated into FNC's Collateral Management Systems® (CMS®) platform, FNC clients can take advantage of this technology to order Broker Price Opinions (BPOs) or appraisals as part of FNC's seamless collateral risk management solution.

    "We believe IAS's next-generation BPO and appraisal technology will give our clients a cutting edge option for better collateral transparency and more accurate decisions," said Mike Mitchell, FNC's chief strategy officer.

    IAS' product combines hard data with both comparative and predictive analytics to bring a level of granularity never thought possible to value estimates. By clustering together like neighborhoods, the process creates trend lines, which enable users to predict what will likely happen to real estate values at the neighborhood level. If, for example, trend values are declining in a neighborhood, the recommendation to sell a property "as-is" at a lower price could be made, while if the neighborhood trend values are increasing, the recommendation to repair and take a longer time to sell could result in a higher realized gain on the property.

    "I'm confident that our mutual clients will benefit from IAS's suite of valuation products," said Ryan Tomazin, IAS president. "Together, we'll be bringing new levels of clarity, accountability, and transparency to the valuation process."

    About FNC Inc.: FNC pioneered real estate collateral information technology. Since 1999, FNC has offered solutions that automate appraisal ordering, tracking, documentation and review for lender compliance with OCC, OTS, Federal Reserve, FDIC, and other regulations. FNC's platforms are in production at 7 of the 10 largest U.S. mortgage lenders and provide value to both large and small lender clients with reduced costs and more efficient loan processing. With its collateral management platforms and collateral-focused data and analytics, FNC provides advanced insight into the property backing a loan from origination to capital markets. No one understands real estate collateral better than FNC. Visit FNC online at www.fncinc.com.

    About IAS: In 1996, Integrated Asset Services® (IAS®) pioneered REO management services. Today IAS is a market leader providing collateral valuation and management services to the most respected organizations in the nation. Through its NO EXCUSES® philosophy, IAS customers have come to expect exceptional services supporting their unique and changing business requirements. IAS was founded by REO industry experts committed to providing services that go beyond industry expectations-from the level of integrity of each employee and alliance to the measurably better service routinely provided.

    To interview Mike Mitchell or any of FNC's mortgage industry experts, contact:

    Bill Dabney, manager of public relations
    FNC, Inc.
    Phone 662/236.8304
    bdabney ( @ ) fncinc dot com

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