Elavon Signs Alliance Agreement with FNC
Elavon, a wholly owned subsidiary of US Bancorp, has signed a three-year agreement with FNC Inc., a technology company offering tailored solutions for the real-estate and mortgage industry to streamline industry processes, regulations and compliance. According to Elevavon, "the agreement provides 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 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.
“We have been extremely impressed with the speed, efficiency and innovation from Elavon,” said Jon Fisher, Director Strategic Projects at FNC Inc. “We believe Elavon’s processing services will be an effective solution for our lender clients.”
“Our relationship with FNC is a great example of how working together, adapting to a customer’s needs and offering innovative solutions can enable commerce,” said Mike Passilla, Executive Vice President of Global Business Development for Elavon. “We are happy to support FNC in their endeavor to supply flexible solutions to their customers.”
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