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Digital Appraiser Tracking.
FNC here will roll out a new technology tool this week that will make appraisers easier to track and manage at the same time it introduces the use of digital signatures to the mortgage industry on a broad scale.
The company's Digital Credential technology, which it developed in association with UserTrust Inc., Salt Lake City, is a secure digital signature that links individual appraisers to their delivered work and to their business credentials. The tool is in pilot now with a number of appraisers, but FNC hopes to roll out the new technology to more than 10,000 appraisers using its AppraisalPort.
Built upon the Public Key Infrastructure security protocol, the Digital Credential will be administered to appraisers through a new website (digitalcredential.com). Appraisers who register at the site download a PDF document with complete instructions, which involve taking the document and supporting documents - information about service areas, all state licenses, E&O policy coverage - to a notary public. Once notarized, the documents are faxed to FNC where they are digitized and married to the Digital Credential application. Upon acceptance by FNC, the documents are stored in an electronic vault developed by UserTrust. The encrypted information is available to lenders, based on the appraiser's preference.
Each application is inspected by a person at FNC before the application is accepted, but according to Nick Hales, president & CEO of UserTrust, that process will be simplified by the use of optical character recognition (OCR) when documents are received.
"By OCRing the documents, it really cuts down the time involved," Mr. Hales ...
- FNC-USERTrust Partnership to Launch Digital Credential.
- Press release article from: Business Wire March 18, 2003 700+ words
...conference in Orlando, FNC Inc. and USERTrust...2003, release of Digital Credential(tm). Digital Credential...delivering documents via FNC's Collateral Management...to acquire and use a Digital Credential from FNC. USERTrust will host...
- FNC Rolls Out Digital Credential for Appraisers.
- Magazine article from: National Mortgage News March 10, 2003 700+ words
...documents are faxed to FNC where they are digitized...and married to the Digital Credential application. Upon acceptance by FNC, the documents...new capabilities. FNC hopes to have appraisers using the new Digital Credential within the next...
- FNC, USERTrust launch Digital Credential process. (Strictly Business).
- Magazine article from: Mississippi Business Journal Northway, Wally March 31, 2003 700+ words
...held in Orlando, FNC Inc. and USERTrust Inc. unveiled Digital Credential, which is set for...technology officer with FNC, said, "Digital Credential utilizes USERTrust...acquire and use a Digital Credential from FNC. USERTrust will...
- Medem and Intel to Protect Physician Communications and Transactions on the...
- Press release article from: Business Wire April 11, 2000 700+ words
...Medem will accept the AMA physician digital credential being managed by Intel(R) Internet...communications. Medem will use the AMA digital credential to grant physicians access to the...Intel and the AMA on a physician digital credential will help ensure that Medem delivers...
- Phyicians' Digital Credential Coming.
- Magazine article from: Health Data Management August 1, 2000 700+ words
A digital credential that would authenticate physician identities online will be available in September, the Chicago-based American Medical Association...
- FNC buys products.(products of UserTrust acquired)(Brief article)
- Magazine article from: Mississippi Business Journal September 18, 2006 700+ words
OXFORD -- FNC Inc. has acquired key products...Terms were not disclosed. FNC and UserTrust developed Digital Loan File, Docuharbor and Digital Credential in a joint partnership. With this acquisition, FNC owns those mortgage origination...
- Digital credential validation in real time.(News)(Brief Article)
- Newspaper article from: Information Systems Auditor Clifford, Liz September 22, 2003 700+ words
nCipher plc, a provider of cryptographic information technology (IT) security and CoreStreet, a provider of validation and authorization technology, have formed a partnership to deliver an integrated solution for validating the digital credentials used to secure computer systems and physical
- FNC Yanks Signal in Ohio Towns.(Statistical Data Included)
- Magazine article from: Multichannel News MOSS, LINDA April 3, 2000 700+ words
...dispute between an MSO and a programmer, FNC "deauthorized" and took its signal off...a.m. this past Friday (March 31). FNC also filed a breach-of-contract suit...000 in total, but still hasn't launched FNC to as many subscribers as was contractually...
- FNC Urges Mortgage Lenders to Ensure HVCC Compliance.
- Press release article from: PR Newswire February 26, 2009 700+ words
...lenders, real estate technology company FNC urged mortgage originators to immediately...government-sponsored enterprises (GSEs). FNC has been helping its clients -- the nation...the GSEs after May 1," said Jon Fisher, FNC's designated HVCC implementation expert...
- FNC and Banton Technologies Join to Provide Collateral Evaluations...
- Press release article from: Business Wire July 22, 2002 700+ words
...BUSINESS WIRE)--July 22, 2002 FNC Collateral Management Pipeline Now Offers...solutions, today announced an alliance with FNC, Inc., a collateral information infrastructure...AVMs) will be available electronically to FNC's lender clients through FNC's collateral...
Source: HighBeam Research, Digital Appraiser Tracking.