Fnc Inc.

Bill Rayburn has served as FNC's CEO since the company began. A finance expert and visionary, Bill intimately understands how collateral underpins the mortgage industry and has a special talent for imparting that knowledge to others. Bill often speaks or sits on panels at major industry conferences and led a consulting firm specializing in seminars for bank regulatory agencies, financial institutions, and appraisal firms before founding FNC.

Jeff joined FNC in January 2007 as its new president and chief operating officer after an outstanding career at global Fortune 500 company Duke Energy. He manages the day-to-day operations of FNC and establishes the processes and structure that are transitioning FNC from energetic growth company to established industry leader. At Duke Energy, Jeff was vice president of risk management and in his last seven years grew Duke's captive insurance company operations assets from $63 million to more than $475 million, and annual premium levels from $20 million to more than $100 million. Jeff, a graduate of Wake Forest University, is also an NFL referee and a retired colonel with the Army Reserve and North Carolina National Guard who earned a Bronze Star in the Persian Gulf War.

As Chief Administrative Officer, Dennis Tosh manages accounting, human resources programs, investor relations, and charitable giving. Dennis co-founded FNC while still a professor at the University of Mississippi's School of Business, where he also co-founded a consulting firm and co-authored a series of real estate industry books and articles, including the Bankers Guide to Real Estate Appraisal Compliance and Uniform Standards of Professional Appraisal Practice, both considered industry standards. A licensed appraiser, Dr. Tosh served as a trustee of the Appraisal Foundation from 1987 to 1992. He earned his doctorate in real estate from Georgia State University.

Duncan Chen has been with FNC since he was still a doctoral student at the University of Mississippi. He focuses on designing large corporation information systems, business-to-business data exchanges and Internet applications and was instrumental in creating, designing, and building FNC's first Collateral Management System. Before coming to the United States, Duncan worked in Taiwan as the Management Information Systems manager of BoardTek Electric Corporation, one of the world's leading PC board manufacturing companies, and also as taught system analyses and design. He is a certified systems analyst. In 1997, Duncan received his Ph.D. in MIS from the University of Mississippi.

Jimmy Ball helps FNC's clients and provides production support to employees, and also coordinates the development of XML forms to work with the software and database services provided by FNC. Jimmy earned his bachelor's degree in math at Mississippi State University in 1989 and received his M.A. in economics from the University of Mississippi in 1996.

As the chief appraiser and director of Appraisal Quality Control at FNC, Kathy consults lenders in the detection of faulty or fraudulent appraisals. Kathy has served the Appraisal Institute on its board of directors and executive committee as chair of education and was twice elected chair of the Residential Appraisal Board. She is a national instructor for seminars such as Residential Appraisal Review, FHA and the Appraisal Process, and the Appraisers' Guide to the New Fannie Mae Forms. Kathy is also a member of the Mortgage Banker Association's Fraud and Ethics subcommittee. She helped create rules included in FNC's Generally Accepted Appraisal Rules , which provide an automated review of appraisals for both compliance and risk issues. Kathy assisted the FBI in one of the largest flipping scams in the country, and has served as an expert witness for mortgage lenders in mortgage fraud cases. She has 25 years of appraisal experience.

The former president and CEO of the California Market Data Cooperative, Neil Olson joined the company in 2000 when FNC acquired CMDC. Neil provides legal support to FNC and its employees. Prior to CMDC, Neil served as a senior officer at two southern California banks and practiced real estate and financial institution litigation law with a firm in Los Angeles. Neil earned his Juris Doctor degree from Southwestern University School of Law. He is also a graduate of Pomona College in Claremont, California.

The responsibilities of COO Robert Dorsey include providing customer service, supervising FNC software implementations, trouble-shooting for clients, and planning for the future of FNC and mortgage lending. Bob has worked as a research physicist, a research engineer, and a corporate risk manager. Before founding FNC, he taught in the Business School at the University of Mississippi, where he co-founded a consulting firm that provided artificial intelligence to business problems. Unlike many in the business world, Bob also spent time as a chief mine ventilation engineer for the world's largest underground mine. Bob earned his Ph.D. in economics from the University of Arizona.

Pralhad Dhakal, is the Executive Director of FNC. He is a child rights worker, trainer and facilitator. He has had more than 15 years experience in the development sector in Nepal and in Central Asian countries. He has worked with the Red Cross, Save the Children, and VSO. Pralhad has a sound academic background (Master Degree in Political Science) and expertise in child protection, child participation, child rights, and advocacy for children. He joined FNC because he felt that his commitment and passion to work with and for disadvantaged children could best be realized as the head of its operations. Pralhad writes music and poetry, loves kids, and is ever the optimist. He is an excellent leader.

Jon T. Fisher is currently employed as Director of the Client Services Group, FNC, Inc. (www.fncinc.com). As one of the company's early employees, he has been instrumental in helping pioneer the collateral information management business which is having a dramatic impact on the way many large financial institutions process and manage real estate and mortgage information. In addition to Jon's corporate responsibilities, he currently serves Oxford, Mississippi as Alderman of Ward VI. A member of the Democratic Party, Jon was elected on June 6, 2005 and assumed duties on July 4, 2005. Since taking office, Jon has focused much of his efforts on planning and preservation, economic development, transportation and infrastructure improvement. Prior to his election, Jon served Oxford as its Chairman of the Planning Commission and Board of Appeals. During Jon's term on the Commission, he helped develop and pass Oxford's Comprehensive Plan, Zoning Map and Development Code. These documents and guidelines replaced the previous plans developed in 1971 and will help guide Oxford's growth for the next twenty years. Jon is active in the Oxford-Lafayette County Chamber of Commerce and has served as the Project Coordinator for Leadership Lafayette as well as serving on the Steering Committee. He is a member of the University of Mississippi Alumni Association and the Oxford Rotary Club. He and his family are members of Christ Presbyterian Church. Jon, his wife Elizabeth and their three children moved to Oxford from Decatur (Atlanta), GA in June 1998. Prior to joining FNC, Inc., Jon was a Managing Principal Consultant with Oracle Corporation of Redwood Shores, CA. Jon began his business career in 1984 after graduation from Ole Miss with a Bachelor of Business Administration with a concentration in Banking and Finance. Jon was a member of the Chancellor's Honor Roll on two occasions and a Dean's List member on three occasions. While a student at Ole Miss, Jon was an active member of the Sigma Chi Fraternity as well as other campus organizations. In addition to Jon's 14 years of experience in the development and deployment of computer and management information systems, he been involved with the management, development and marketing of real estate for more than 10 years.