Английская Википедия:FNC Inc.

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Шаблон:Infobox company

FNC, Inc., a subsidiary of CoreLogic, provides data to the real estate industry.

Its Collateral Management System (CMS) provides secure information regarding mortgage loans. FNC's ports, or web-based worksites, provide companies in various industries an efficient portal to exchange information with lenders and vendors. FNC operates four different ports: AppraisalPort, InspectionPort, TitlePort and DocuHarbor. CollateralDNA is a service that works to provide a full view of the mortgage collateral process.[1]

History

FNC was founded in 1995 by Bill Rayburn, Dennis Tosh, Robert Dorsey and John Johnson, then finance professors at the University of Mississippi and financial consultants, who recognized a need to manage collateral assets in mortgage transactions. It was funded by local investors.[2][3][4]

The university also provided support for the company. In 1999, the company signed its first major client, Charter One Financial based in Cleveland, Ohio.[5]

The original name of the company was Financial Neural Computing. The company's focus changed and the name was changed to FNC.[6]

In 2008, FNC was on the list of fastest growing private companies by Inc.[7]

From 2008 to 2019, FNC sponsored the Oxford-Lafayette Fields.[8] During this sponsorship, the sports complex was renamed to "FNC Park".

In August 2009, the company announced integration with DartAppraisal.com.[9]

In September 2010, FNC introduced its Residential Price Index, a benchmark for home values.[10][11] It was based on data collected from public records blended with data from real-time appraisals of property and neighborhood attributes and the mortgage industry's first hedonic price index for residential properties.[12] A hedonic approach is based on a holistic view of all the data available. It is constructed to gauge price movement among non-distressed home sales, and excludes sales of foreclosed properties.[13]

In July 2012, the company partnered with Valued Veterans.[14]

In November 2012, the company announced a partnership with Cetip, a Brazilian company, with plans to add 100 jobs.[15] In March 2013, the company opened an office in Brazil.[16]

In July 2013, FNC launched the FNC Clean Room, a web-based online marketplace for mortgage loans.[17][18]

In December 2015, CoreLogic agreed to acquire the company for $475 million. The sale created 45 millionaires.[19][20] The transaction was completed in 2016.[2][21] At that time, the home value index was discontinued.[22]

During the acquisition in 2016, the FNC Clean Room was spun off into a separate company called mTrade (Mortgage Trade).[23]

References

Шаблон:Reflist

External links

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