FNC Expands Globally, Opens Brazil Office
U.S. mortgage technology provider FNC Inc., Oxford, Miss., has expanded internationally, officially opening an office in Brazil to serve a client it has been working with since last fall.
Sao Paulo-based Cetip, Latin America’s largest depository of fixed-income securities, has been working with FNC on collateral management automation for the Brazilian mortgage industry and FNC is positioning itself as an infrastructure provider in that country.
FNC’s technology is providing Brazilian banks with a system designed to efficiently manage collateral valuation and access loan level data, as well as creating an information hub that centralizes various components of the Brazilian mortgage process. In addition, it is providing trading links between the primary and the country’s emerging secondary market, according to the company.