August 30, 2016 10:58 AM ET

Software

Company Overview of Financial Industry Computer Systems, Inc.

Company Overview

Financial Industry Computer Systems, Inc. provides residential and commercial technology solutions to the mortgage industry in the United States. It offers Loan Producer, a loan origination software (LOS) that contains the tools to automate the mortgage loan origination process; Mortgage Servicer, a residential loan servicing product with tools for automating loan servicing functions; Commercial Servicer, a commercial loan servicing software that automates servicing department with automation and efficiency tools; Loan Accountant, which provides automated capabilities for accounting of the loan closing process; and Xcluso, a Web based portal that allows loan originators to track and manage p...

14285 Midway Road

Suite 200

Addison, TX 75001

United States

Founded in 1983

Phone:

972-458-8583

Fax:

972-458-0863

Key Executives for Financial Industry Computer Systems, Inc.

Chairman and Chief Executive Officer
President and Chief Operating Officer
Co-Founder
Chief Technology Officer and Vice President
Executive Vice President
Compensation as of Fiscal Year 2016.

Financial Industry Computer Systems, Inc. Key Developments

FICS Announces New Mortgage Servicer® API Solution

Financial Industry Computer Systems, Inc. has released its new Mortgage Servicer® API solution to enable customers to integrate Mortgage Servicer functionality into their automated and/or scheduled workflow. Using the tools, servicers can configure unattended execution of programs and reports, such as end-of-day programs, monthly close outs, and customized modules that interface with the core system. Available through Mortgage Servicer, version 8.20, Mortgage Servicer API aims to eliminate the potential for human error while saving institutions valuable time and resources performing routine tasks, such as running batch programs after hours or printing monthly statements. The Mortgage Servicer API is the answer to the challenge of creating a streamlined mortgage servicing workflow.

FICS Introduces Third Generation of Mortgage Servicer and New eStatus Connect Solution for Web and Mobile

Financial Industry Computer Systems, Inc. released the third generation of its residential loan servicing software, Mortgage Servicer, version 8.00. Leveraging more advanced technology capabilities, FICS has created a completely rewritten infrastructure to improve customer experience and provide new innovations in line with the industry's latest trends. One of the most significant benefits to servicers is the rich user interface and more clearly defined workflows, which provide a more streamlined experience and simplified navigation throughout the servicing process. The latest version of Mortgage Servicer also boasts shareable services, which can be used through FICS' desktop, web services and online products to enable greater interoperability and portability, heightened security and easier installation. Mortgage Servicer, version 8.00 is built using .NET Framework and Microsoft's Windows Presentation Foundation (WPF) for the redesigned user interface. With the introduction of shareable services leveraging the .NET Framework, Mortgage Servicer is now highly configurable and capable of scaling at all three tiers. Additionally, FICS has improved the update process through the use of ClickOnce deployment. In addition to the launch of Mortgage Servicer, version 8.00, FICS has also introduced eStatus Connect, a residential mortgage information portal enabling borrowers and investors to easily access their residential loan information through a number of convenient methods. The demand for convenient access by borrowers and investors has evolved. eStatus Connect offers direct access via the web, a mobile application (Android, iOS), an API for use with third party management systems, and the option for single sign-on through home banking systems. eStatus Connect integrates directly with Mortgage Servicer to provide real-time mortgage loan information for investors and borrowers. With eStatus Connect, servicers can instantly share statements and documents electronically with their borrowers and send specific messages to be read upon logging in. Servicers can also send automated email messages to borrowers from within Mortgage Servicer regarding new statements or notices, which borrowers can view through the added convenience of a mobile app.

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