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""FNC Inc."":http://www.fncinc.com, a mortgage technology company headquartered in Oxford, Mississippi, recently announced that it is partnering with ""Integrated Asset Services"":http://www.iasreo.com (IAS), a Denver-based provider of collateral valuation and management services.
The joint venture will offer FNC's servicing clients the option to procure more precise, next-generation real estate valuations, the company said. Thanks to the updates to[IMAGE] [COLUMN_BREAK]
FNC's Collateral Management Systems platform, clients can order broker price opinions (BPOs) or appraisals as part of FNC's ""seamless collateral risk management solution,"" according to a statement from the company.
""We believe IAS's next-generation BPO and appraisal technology will give our clients a cutting-edge option for better collateral transparency and more accurate decisions,"" said Mike Mitchell, FNC's chief strategy officer.
This new technology from IAS clusters like neighborhoods to create trend lines, which allows users to predict real estate values. This, in turn, enables clients to recommend selling a property ""as-is"" at a lower price if trend values are declining-or to repair a home and take a longer time to sell for a gain on the property if neighborhood trend values are increasing.
""I'm confident that our mutual clients will benefit from IAS's suite of valuation products,"" said Ryan Tomazin, IAS president. ""Together, we'll be bringing new levels of clarity, accountability, and transparency to the valuation process.""
