Jennifer Janus
FNC, Inc.
Phone 210/679-8725
jennifer@fncinc.com

Howard Franklin
ElectronicAppraiser
Phone 770/433-8822
howard.franklin@charter.net

Electronic Appraiser 75th Company to Join FNC’s CMS™ Platform

Boca Raton, Fla. and Oxford, Miss. (July 22, 2004) – Electronic Appraiser, a valuation technology provider, announced today that it has signed a strategic alliance agreement with FNC, making it the 75th company to become part of FNC’s vendor network. The alliance will make Electronic Appraiser’s services available to lenders and appraisal management companies using FNC’s CMS collateral information management system.

FNC’s CMS makes mortgage origination more efficient and risk-averse through automated service ordering, delivery, tracking, quality control and pre-funding analysis. The CMS gives lenders greater confidence in loan decisions, and enables them to realize faster turn times and higher productivity, which translate into cost savings and higher borrower satisfaction. Electronic Appraiser will increase the benefits available by allowing clients to access Electronic Appraiser’s AVMLink and PhotoCheck services from within the CMS.

“We’re glad to make our broad range of XML-based valuation solutions available to our clients, and FNC’s clients, though the CMS,” said Greg Sullivan, vice president of Electronic Appraiser. “The CMS gives lenders faster access to the information they need, and that information is integrated with the rest of their back-office processes. Electronic Appraiser is pleased to be part of that network.”

“Electronic Appraiser offers a range of services that fit extremely well with what our lender and appraisal management company clients want to access through the CMS,” said Mike Mitchell, FNC director of strategic alliances and business development. “Adding Electronic Appraiser to our vendor-neutral network gives FNC’s clients a broader choice from among a network of settlement services providers that’s 75 companies and thousands of individual providers strong.”

About Electronic Appraiser

Electronic Appraiser is a Florida-based valuation technology provider featuring PhotoCheck, an electronic property photo combined with an automated valuation model (AVM) in an easy-to-read report, and AVMLink, which provides access to several leading property data repositories through a convenient, single interface. The company offers traditional AVMs and/or PhotoCheck, depending on the lender’s need. For more information, write to ElectronicAppraiser, 2200 North Federal Highway, Suite 203, Boca Raton, Florida 33431; call 561-338-1890 ext 311 or 800-570-3767 or visit us on the Web at www.electronicappraiser.com.

About FNC Inc.

Headquartered in Oxford, Mississippi, FNC is the pioneer in real estate collateral information technology. FNC’s Collateral Management System (CMS) streamlines mortgage operations through online settlement services procurement and pre- and post-funding risk review – improving security, communication, market intelligence and analysis. Financial institutions and service providers alike rely on FNC’s CMS to reduce costs and provide better service and value to customers. FNC is the collateral information infrastructure company that speeds loan decisions by converting paper to data to knowledge. Visit FNC’s Web site at www.fncinc.com.


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