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.
FNC offers solutions that automate appraisal ordering, tracking, documentation and review for lender compliance with OCC, OTS, Federal Reserve, FDIC, and other regulations.
