- Associated Press - Monday, December 1, 2014

OXFORD, Miss. (AP) - An Internet-based real estate listing company is breaking ground Tuesday on an expansion of its operation in Oxford.

The Oxford Eagle reports (https://bit.ly/UZzkPe) that FNC Inc. is building a 68,000-square-foot headquarters on 20 acres. Gov. Phil Bryant will participate in the ceremony.

Launched in 1995 by Bill Rayburn and three other University of Mississippi business professors, FNC said it is pioneering new ways to streamline lenders’ mortgage-approval processes.

FNC has grown to employ more than 300 people in offices across the United States.

FNC President Glen Evans said the new campus is expected to be complete in 2016.

The campus is part of a new Planned Employment Center Overlay District that was approved by the Oxford Board of Aldermen in October.

“We are very proud to be the first technology company in that district,” Evans said.

The new campus will include walking trails, a natural amphitheater and upgraded amenities for the employees. But most importantly, Evans said, it will provide more elbowroom.

“This new site will accommodate us for the next 10 years or so,” he said. “It will be big enough to carry us well into the future.”

FNC will retain ownership of the current campus, which consists of two buildings that total about 40,000 square feet.

“We have a number of options, but if we find we don’t have a need for it, we could possibly lease it, or part of it,” Evans said.

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Information from: Oxford Eagle, https://www.oxfordeagle.com

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