FNC and Banton Technologies Join to Provide Collateral Evaluations Electronically to Lenders.

Business Editors & Technology Writers

HUNTSVILLE, Ala.--(BUSINESS WIRE)--July 22, 2002

FNC Collateral Management Pipeline Now Offers

Lenders Banton's ValueWizard

Banton Technologies, a collateral evaluation system provider specializing in real estate technology

According to the agreement, Banton Technologies' automated valuation models (AVMs) will be available electronically to FNC's lender clients through FNC's collateral management pipeline.

The alliance will enable FNC's large lender clients to access Banton's ValueWizard Network for instant AVMs. Lenders using FNC's Collateral Management System(TM) (CMS) will be able to incorporate Banton's collateral assessments into their customized back-office pipeline for automated collateral processing, reducing time and cost associated with mortgage origination.

Banton Technologies joins a network of more than 40 collateral service providers linked to FNC's platform, which includes appraisal management firms, title and flood providers, mortgage insurance firms, fraud detection services, AVM providers and inspection and home warranty servicers.

"Banton Technologies' ValueWizard Network will bring FNC's clients instant collateral values that facilitate true risk-based pricing on mortgage loans," said Dr. Stan Banton, chairman and founder of Banton Technologies. "This partnership truly realizes the collective goal of our two companies to enable the most efficient and effective processes for lenders. Aligning our collateral evaluation system with FNC's network of service providers brings easier access to data, greater confidence in loan decisioning and faster originations for lenders."

"FNC's pipeline links lenders' processing platforms to a network of service providers, enabling streamlined collateral procurement that's automated end-to-end," said Bill Rayburn, FNC CEO. "CMS clients can link to Banton Technologies or our other partners without missing a beat. That means faster decisions for lenders and borrowers that are fortified by quality control and built on each lender's business rules."

About FNC

FNC Inc., based in Oxford, Miss., is the collateral information infrastructure company that speeds loan decisions by converting paper to data to knowledge. FNC's software provides the communication, information and analysis that financial institutions need to streamline collateral processes, reduce costs and make more informed decisions throughout the life of the loan. Visit FNC's Web site at www.fncinc.com. About Banton Technologies

Founded in 1997 by Stan Banton, PhD, MAI, Banton Technologies is a collateral evaluation systems provider specializing in real estate technology and residential valuation solutions. Through a combination of an enhanced Automated Valuation Model (AVM), ValueWizard, personal interaction and integrated mapping tools, Banton Technologies achieves much higher usable valuation rates than most standard AVMs. The company utilizes a Property Review Report to collect basic data on the subject property in conjunction with a robust AVM, ValueWizard, which employs geo-statistical formulae to return a highly accurate property value. Banton Technologies currently uses multiple sources of data to provide valuation capability in over 500 counties throughout the Southeast U.S., making it the most comprehensive AVM for this region. For additional information, visit the company's Web site at www.banton.com.