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USP&A Becomes Newest Vendor to Join FNC’s Vendor-Neutral Platform

March 24, 2004

Oxford, MS – Through a strategic alliance announced today, mortgage originators using FNC’s CMS™ collateral information management system will be able to access U.S. Property& Appraisal to order and receive residential appraisal assignments.

Lenders using the CMS are able to order vendor services automatically based on their business rules, receive completed orders, integrate order data and review received reports for quality control and to prevent fraud. The system creates efficiencies and heightens assurance for mortgage originators, while enabling processing staff to apply their expertise to exception cases and avoid redundant tasks such as data entry.

"This strategic alliance will allow our clients to reach us more quickly, and in turn it’ll allow us to react more quickly to accept and complete order requests,” said Ann Morrison of U.S. Property& Appraisal. "The technology behind FNC’s CMS helps us serve our clients better.”

"We're pleased to add U.S. Property& Appraisal to our growing vendor network,” said Mike Mitchell, FNC’s director of business development and strategic alliances. "Our network, which enables lenders to choose their service providers from among a broad group of reputable companies, is an asset to the CMS and to our clients. We’re glad to have USP&A join us.”

Source: U.S. Property & Appraisal



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