SOURCE: FNC, Inc.

FNC, Inc.

September 08, 2010 16:04 ET

FNC's Free Online Map Tracks Home Values in Gulf Coast Oil Spill Counties

Data Is Culled From Hundreds of Thousands of Appraisals and Public Records

OXFORD, MS--(Marketwire - September 8, 2010) -  FNC, Inc., a trailblazing developer of mortgage and appraisal software, has created a free online map tracking median home prices in counties within 100 miles of the Gulf of Mexico coast.

FNC CEO and cofounder Bill Rayburn hopes the map "helps homeowners, journalists, government officials and our banking and real estate colleagues track property values before and after the BP oil spill."

The map is based on a uniquely broad and comprehensive mix of public records and appraisals shared with FNC by its clients. Place your cursor on a Gulf Coast county and a window pops up containing median home prices there from August 2009 to August 2010.

Interactive counties are marked in green and extend from the border town of Brownsville at the southern tip of Texas all the way to Key West, Fla. The map will be updated monthly as new records become available. Try the map yourself by following this link:

http://www.collateraldna.com/gulfcoastmedianprices/

FNC was founded in the mid-1990s in Oxford, Miss. Although it has offices in California, it chose to keep its headquarters in the South where a company that produced good jobs and cutting edge technology could be of great value to residents.

"FNC sent dozens of its employees to repair houses on the Gulf Coast after Hurricane Katrina," Rayburn said. "We hope to be of some use to homeowners there this time by providing them with a tool that will help them assess whether their property values have been damaged by the oil spill, particularly if they are filing a claim with BP or seeking help from one of the other agencies helping residents recover. But the Gulf is a vibrant and indomitable region. We believe accurate and easy-to-use data, like that in this map, can work to help residents recover."

About FNC, Inc.

FNC pioneered real estate collateral information technology. Since 1999, FNC has offered solutions that automate appraisal ordering, tracking, documentation and review for lender and servicer compliance with regulatory guidelines. FNC's platforms are in production at seven of the 10 largest U.S. mortgage lenders and servicers. FNC provides value to both large and small clients with reduced costs and more efficient loan processing. With its collateral management platforms and collateral-focused data and analytics, FNC provides advanced insight into the property backing a loan from origination to capital markets. No one understands real estate collateral better than FNC. Visit FNC online at www.fncinc.com.

Contact Information

  • To arrange an interview with Dr. Bill Rayburn, or any FNC expert, contact:

    Bill Dabney
    FNC Public Relations Manager
    Phone 662/236.8304
    Email Contact