OXFORD, Miss. (WCBI) – The partnership between FNC and Cetip, Brazil’s largest private asset clearinghouse puts the Oxford based company in the international banking and mortgage industry.
“This is a big day for Oxford and all of Mississippi,” said Gov. Phil Bryant, who was on hand for the announcement. Gov. Bryant also said the partnership puts FNC at the core of the sixth largest economy in the world.
“If you think about again another great international relationship between Cetip and Brazil and this company and this company, this is something that will be in the Wall Street Journal, this is something they will be talking about in the South American market and all over the world this is a great relationship that moves FNC to a new level,” Gov. Bryant said.
Since 1999, FNC has pioneered its Collateral Management System. That platform takes information from the collateral side of mortgage lending and delivers the information in an online, secure format. Their unique software is also used by local regional lenders to better understand appraisals and market data. FNC also has a wide range of products for the mortgage industry.
While this puts the company into the international marketplace, it also means 100 high tech jobs at FNC headquarters.
“If someone has a desire to have a job in Mississippi that has a math, science engineering or otherwise technical background, we’d love to talk with them at FNC,” said FNC CEO Bill Rayburn.
FNC’s CEO believes Oxford can be a hub for high tech companies, sort of like Austin, Texas. And he is hopeful that this new international business partnership could be the start of that process.