FNC, Inc., a provider of collateral management technology to mortgage lenders, said it has selected former Duke Energy Vice President Jeff Triplette as the company’s new president and chief operating officer. Triplette previously directed risk management activities for Duke Energy, a Fortune 500 diversified energy company headquartered in Charlotte, N.C. In the past seven years, Triplette grew Duke’s captive insurance company operations from $63 million to more than $475 million in assets, and annual premium levels from $20 million to more than $100 million. The company said in a statement that Triplette will manage the day-to-day operations of the privately-held company and its more than 300 employees in locations nationwide.
As part of the appointment, FNC co-founder and former COO Robert Dorsey will take on a new role at the company as executive vice president for data and analytics. “Collateral data and analytics will be the future of FNC,” Dorsey said. “To fully realize that potential, I need to dedicate my full attention to building up this new segment of our company. I’m thrilled that an experienced professional like Jeff has joined our team to make that focus possible.” Bill Rayburn, FNC’s chairman and CEO, said Triplette’s management skills will help FNC expand its lines of business from mortgage origination technologies to real estate data and analytics for large financial institutions and capital market participants. For more information, visit http://www.fncinc.com.