Industry News

FNC grows collateral management platform

Alliance with property valuation cos. aims to automate mortgage originations

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The FNC Inc. vendor-to-mortgage-originator network today announced it has formed an alliance with Real Info Inc. and Kirchmeyer & Associates Inc. that aims to give mortgage originators integrated access to Real Info's and Kirchmeyers' services through FNC's Collateral Management System. FNC's CMS is a decisioning and collateral information infrastructure platform that aims to streamline mortgage origination through automated service procurement, quality control and risk analysis. FNC's CMS aims to provide lenders with faster origination turntimes through integrated service ordering and delivery, as well as enterprise-wide Web access to historical and current mortgage data, increased loan processing capacity, decreased overhead cost and reduction in risk of exposure to fraud. Buffalo, N.Y.-based Real Info Inc. provides automated property valuations to home equity lenders, credit union administrators and real estate professionals. New York-based Kirchmeyer & Associates is an apprai...