Elavon, a wholly-owned subsidiary of US Bancorp, has signed a three-year agreement with FNC, a technology company offering tailored solutions for the real-estate and mortgage industry to streamline industry processes, regulations and compliance.
The agreement is expected to provide credit and debit processing services via a new dashboard functionality offered by FNC in support of the Home Valuation Code of Conduct (HVCC) – a regulatory requirement impacting the mortgage industry’s appraiser selection process.
FNC’s Collateral Management System and Collateral HQ technology platform are expected to provide real-estate and mortgage banking professionals with a single source for managing multiple vendor relationships, throughout the entire lending process. Elavon’s solution enables FNC’s lender clients to deliver a credit/debit payment feature on their dashboard, enabling them to more efficiently collect and pay vendor fees.
Elavon provides end-to-end payment processing services to more than one million merchants in North America and Europe.
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FNC offers solutions that automate appraisal ordering, tracking, documentation and review for lender compliance with OCC, OTS, Federal Reserve, FDIC, and other regulations.
