Free FNC(R) Webinar on Fannie Mae's Collateral Data Delivery Requirement - Requires Appraisals to be Delivered As Electronic Data

OXFORD, Miss., Mar 15, 2010 (BUSINESS WIRE) -- Mortgage technology company FNC Inc. will host a free webinar to discuss Fannie Mae's initiative requiring mortgage lenders to provide appraisal information as electronic data.

via www.marketwatch.com

The webinar begins at 1 p.m. CDT on Tuesday, March 16, and is open to the public through free registration at www.fncinc.com/ClientAccess/WebConf_cdd.aspx

After Fannie Mae's Collateral Data Delivery guidelines require all appraisal information to be delivered as electronic data, other secondary market participants are expected to follow suit.

 "Fannie Mae's requirements are nothing new to FNC; we've converted appraisal information to electronic data for more than 10 years, saving our clients time and money," said Shawn Telford, FNC's director of product management, who will lead the webinar along with FNC Chief Strategy Officer Mike Mitchell.

Also joining the webinar will be Kirk Rzasa, senior business consultant, Quicken Loans; and JJ Nielsen, AVP for loan risk and recovery, SunTrust.

The webinar is also expected to address:

• How mortgage lenders' processes may be affected if they don't have a system that converts appraisal data to electronic form for delivery to the secondary market.
• What can be done now to leverage technology to make these new regulations a non-issue.

For more information about this critical webinar, contact FNC at (888) 963-3330.

SOURCE: FNC Inc