Wednesday, December 15, 2010
FNC Founder Bill Rayburn Honored
A former University of Mississippi business professor, Rayburn and fellow faculty members Dennis Tosh, Bob Dorsey, and John Johnson, invented software now used by seven of the top 10 U.S. mortgage lenders to streamline workflow and help ensure regulatory compliance.
Also inducted were John D. Bower, MD, whose work at The University of Mississippi School of Medicine significantly advanced the care available to kidney patients, and Will Primos, founder and director of Primos Hunting Calls. Ole Miss Chancellor Emeritus Robert C. Khayat received the MTA’s Legends Award.
“I am truly humbled to be included among such esteemed individuals and honored to be recognized by the MTA, an organization that has meant so much to me and to FNC throughout our company’s history,” Rayburn said.
Bill Rayburn has served as FNC’s CEO since the company began in 1996. Raising $50 million of capital to grow the firm, Rayburn led the development of the revolutionary software platform – Collateral Management System® (CMS®) – which is now used by the nation’s top lenders to process more than 40% of appraisals in the U.S.
At FNC, Rayburn is responsible for steering the company’s mission and vision through the Age of Collateral. Recently, he led the company to develop a new standardized software platform, Collateral Headquarters™ (CHQ), an automated appraisal compliance, ordering, and tracking system designed to help regional and community banks.
A finance expert and visionary, Rayburn intimately understands how collateral underpins the mortgage industry and has a special talent for imparting that knowledge to others. An accomplished writer and speaker, Rayburn often is invited to speak or sit on panels at major industry conferences, including the reputable Predictive Methods Conference and the Piper Jaffray Financial Services Private Equity Conference.
Along with FNC co-founder Dennis Tosh, Rayburn quite literally wrote the book on collateral – actually, a few of them – including Sheshunoff’s Bankers Guide to Real Estate Appraisal Compliance and Uniform Standards of Professional Appraisal Practice: Applying the Standards.
With a Ph.D. in business finance from the University of Memphis, Rayburn also has earned a Chartered Financial Analyst designation as well as Appraisal Institute MAI and SRA designations.
Before founding FNC, Rayburn served as a tenured business professor at the University of Mississippi and also led a consulting firm specializing in seminars for bank regulatory agencies, financial institutions, and appraisal firms across the nation.
I have personally known Rayburn to be an excellent source who is never afraid to approach a story. I have also heard him speak, an experience I highly recommend for anyone who likes to be entertained and schooled at the same time.