FNC Opens Brazilian Office

FNC Inc., an Oxford, Miss.-based mortgage technology provider, has opened its first South American office in Sao Paulo, Brazil.

Last fall, Sao Paulo-based Cetip, Latin America's largest depository of fixed income securities, selected FNC to deliver a comprehensive collateral management solution for the Brazilian mortgage industry.

‘We greatly appreciate the confidence Cetip has shown in FNC as they implement our solutions throughout the country of Brazil,’ says Bill Rayburn, FNC's CEO and co-founder. ‘We look forward to playing a significant role in providing the infrastructure for the Brazilian housing market.’

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