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FNC Creates Online Resource for HVCC Information(May 12, 2009)
OXFORD, MS -- (Marketwire) -- 05/12/09 -- The Home Valuation Code of Conduct took effect on May 1, yet many U.S. mortgage lenders remain confused by the new regulations. To help, a repository of HVCC information is now available as an easily accessible public resource.
Mortgage technology company FNC Inc. has compiled audio files of its recent HVCC call briefings as well as a printable copy of the Code itself. The files can be reviewed and downloaded through the company's web site at http://www.fncinc.com/ClientAccess/HVCC_Briefing.aspx
Also included on the site are:
-- An update on the final terms of the Home Valuation Code of Conduct, presented via conference call on Jan. 24 by FNC CEO Bill Rayburn, FNC Chief Appraiser Kathy Coon, and Compliance Manager Rita Cauthen. -- "FNC Solutions - Your Source for a Smooth Transition to HVCC Compliance," presented via conference call on Feb. 24 by FNC's Vice President Bob Dorsey and Jon Fisher, HVCC platform compliance lead. -- National Association of Mortgage Brokers v. James Lockhart Case (Dismissed) -- Fannie Mae and Freddie Mac Home Valuation Code of Conduct FAQs -- Home Valuation Code of Conduct -- The Appraisal Institute's "Myths and Realities" document, which covers the use of Appraisal Management Companies, appraiser competency, and maintaining the internal appraisal function for sellers.
"We are pleased to be able to provide this service and we hope it will serve as a valuable resource for anyone interested in the HVCC," Cauthen said.
For information about FNC's compliance-related products, contact Charles Hurst at (662) 236-8132 or [email protected].
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 lender clients have realized 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.
To interview FNC CEO Bill Rayburn, Rita Cauthen, or any of FNC's mortgage
industry experts, contact:
manager of public relations
Phone: (662) 236-8304
Email: Email Contact
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