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September 10, 2009

FNC Hires New President

Oxford, Miss. (Sept. 10, 2009) – FNC, Inc., the privately held mortgage technology industry leader, announced the appointment of Glen Evans as president, effective September 1, 2009. The former FTN Financial SVP brings to the company more than 25 years experience in banking and finance. Evans will report directly to FNC CEO and co-founder, Bill Rayburn, and lead the fast-growth technology company, as it expands its solutions for the origination, servicing, and secondary mortgage markets.

“FNC has grown beyond its start-up phase,” Rayburn said. “Glen’s background and industry knowledge will help us expand our mortgage clients and our business. Having known Glen for many years through our relationship with First Tennessee, we are pleased to bring him into the FNC family.”

A Grenada, Miss., native, Evans graduated from The University of Mississippi with a bachelor’s degree in business administration and an emphasis in banking and finance. After college, he joined the Nashville bureau of the OCC, working as a bank regulator during the tumultuous oil patch crash of the mid-1980s—a crisis that mandated stints in Texas and Oklahoma.

In 1985, Evans was hired by First American National Bank subsidiary, Memphis Bank & Trust, in its Capital Markets division, where he worked for five years in fixed income sales and correspondent banking. He subsequently joined FTN, a subsidiary of First Tennessee Bank, in its Correspondent Services division. In this executive position, he gained 19 years of experience and industry knowledge, working directly with a broad spectrum of financial institutions in the commercial banking, mortgage banking, and investment banking markets.

“I’ve always sat across the desk from bankers,” Evans said, explaining that his division of FTN supported the business needs of the financial institution’s correspondents—those community and regional banks and other financial institutions who looked to First Tennessee for a variety of credit, treasury management, and investment banking needs. “I’ve always been client facing and my clients have always been financial institutions.”

“That’s fantastic for FNC,” says Rayburn, whose clients are the nation’s major mortgage lenders and servicers.

Evans’ primary goal at FNC is to develop a tactical, operating plan to help the growing company reach its revenue goals. Beyond operational responsibilities, Evans will manage the varied functional areas of the company.

“I’m already holding meetings with the managers of those divisions and my role will evolve as I learn how those department heads need to be supported,” Evans said.

“It’s exciting to have the opportunity to work for such a great company,” he said. “It’s phenomenal what FNC has created in such a relatively short period of time. I hope everyone who works here appreciates what they’ve accomplished, both individually and as a group. It really is a special company.”

When he’s not working, Evans can likely be found enjoying the great outdoors. He and his family—wife, Paige; son, Ben, 17; and daughter, Elizabeth, 14—enjoy kayaking, hiking, and backpacking when they travel.

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 compliance with OCC, OTS, Federal Reserve, FDIC, and other regulations. FNC’s lender clients have realized 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.

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To interview Bill Rayburn, Glen Evans, or any of FNC’s mortgage industry experts, contact:
Bill Dabney, manager of public relations
FNC, Inc.
Phone 662/236.8304
bdabney@fncinc.com

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