FNC, TransUnion Deal

February 12, 2002

Credit Bureau Aligns With Mortgage Infrastructure Conduit


Inman News Features

Real estate information company FNC announced an agreement that will enable its customers to access credit, appraisal, title, flood, closing and automated valuation model services from TransUnion, a credit and information company.

"Lenders will realize efficiency and time savings in the loan origination process because they're able to link to our solutions from their own platform," said TransUnion Settlement Solutions President Rick Lynch.

The deal gives mortgage lenders who use FNC's collateral management system the ability to automate collateral services. The system is a network-to-network program that financial lenders can use to communicate and exchange data with service providers, according to the company.

TransUnion delivers its residential lending products and services through its TransUnion Settlement Solutions subsidiary.

Copyright: Inman News Service