FCT Group has signed a ten-year partnership agreement with Nationwide Appraisal Services (NAS) to offer an efficient, low cost, end-to-end solution extending between valuation and closing services to the customers.
FCT Lender Services vice president Daniela DeTommaso said the solution is expected to lead to rapid mortgage approvals and efficient closing processes for lenders, mortgage professionals and consumers in the refinance mortgage market.
NAS executive vice president Craig Rowsell said the company aims to provide clients with more time to focus on their customers, by ensuring an uninterrupted, cost effective and risk adverse valuation process.
”This partnership helps NAS achieve those goals,” Rowsell added.
Headquartered in Oakville, Ontario, FCT group includes FCT Insurance Company, a provider of title and valuation insurance and real estate-related products and services.
Established as Canada’s first Appraisal Management Company (AMC) in 1996, NAS provides superior technology and customer service to four of the country’s five major banks, all three mortgage insurers and more than 40 other lender customers.