FNF Canada and Municipal Property Assessment Corporation Launch New Neighbourhood Profile Product

PICKERING, Ontario–(BUSINESS WIRE)–FNF Canada and the Municipal Property Assessment Corporation (MPAC)
announced their joint collaboration on a new collateral intelligence
product that will assist lenders and mortgage insurers estimate the
current value of properties within their real estate portfolio. The new
Neighbourhood Profile Report is a part of FNF Canada’s suite of
portfolio collateral products that provide a cost effective way to
monitor and measure their real estate portfolio.

“FNF Canada is excited to work with MPAC on this new and exciting data
product for our real estate partners,” said Brian Bell, Senior Vice
President of Innovation & Data Solutions at FNF Canada. “FNF Canada
continues to demonstrate our ability to develop data products that
assist our partners with marketing tools and risk management
opportunities. In doing so, FNF Canada has set a new standard in
collateral management in the marketplace.”

“The newly created neighbourhood profiling product leverages MPAC’s
robust database, creating reports that will assist lenders in making
well-informed decisions regarding property value risk. These products
will provide additional intelligence into lender decisions surrounding
the valuation method used to validate property values in the most
efficient and cost-effective way,” Bell said.

Together, MPAC and FNF Canada have responded to demand from the lending
community to create innovative tools to assist in mitigating risk,
making informed underwriting decisions, and increased overall efficiency
and productivity during the collateral valuation cycle.

“MPAC is looking forward to the launch of this new product, as well as
another exciting new offering in the next 60 days. The property-specific
and neighbourhood intelligence provided in these reports, is really
unlike any other in the industry. Lenders will benefit from
understanding how a property of interest aligns to the surrounding
marketplace.” said Chris Fusco, MPAC’s Director of Real Estate and
Strategic Accounts, Business Development.

“MPAC is pleased to support FNF Canada in demonstrating how big data,
leveraging MPAC’s industry leading property database, can create
efficiencies and mitigate risk within the lending community,” said Fusco.

To learn more about the Neighbourhood Profile Report, contact a FNF
sales representative.

About FNF Canada
With over 25 years of trusted service, FNF
Canada is an innovative provider of national mortgage, appraisal and
loan related services to large and small Canadian lenders. We specialize
in facilitating all aspects of a mortgage transaction, including title
insurance, document processing, property tax management, appraisal
management and valuations services. Our exclusive end to end solution
suite is unmatched in the industry, seamlessly integrating all FNF
services on a single platform which provides our customers with the
complete transaction life cycle.

For more information about FNF Canada, visit www.fnf.ca

About MPAC
The
Municipal Property Assessment Corporation (MPAC)

is an independent, not-for-profit corporation, responsible for assessing
and classifying more than five million properties in Ontario in
compliance with the Assessment Act established by the Government
of Ontario.

MPAC also provides products and services such as propertyline™, a
secure e-commerce solution for property information, to a number of
sectors including banks, mortgage firms and other assessment
jurisdictions.

Contacts

FNF Canada
Media
Craig Goom, 289-562-0088,
ext. 24184
Director, Marketing and Communications
cgoom@fnf.ca
or
Business
Development

Brian Bell
Senior Vice President, Innovation &
Data Solutions
bbell@fnf.ca
or
Municipal
Property Assessment Corporation

Media
Cathy Ranieri
Sweenie
Director, Public Affairs
cathy.ranieri-sweenie@mpac.ca
or
Business
Development

1-877-671-6722
propertyline@mpac.ca