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June 06, 2008
FNC(R) Technology to Help Fannie Mae Streamline Appraisal-Related Processes
Fannie Mae is using FNC systems to mitigate risk and streamline its appraisal-related processes.
Fannie Mae began using the CMS to streamline its foreclosure appraisal processes in two of its divisions: the National Property Disposition Center (NPDC) and the National Underwriting Center (NUC), both in Dallas.
Both the NPDC, which processes more than 10,000 appraisals per month, and the NUC, which processes about 1,000 appraisals per month, are concerned about mitigating risk associated with fraud, according to John Scott, FNC's director of alliance sales.
Posted by S. Germain at June 6, 2008 08:25 AM