Company Overview of Financial Industry Computer Systems, Inc.
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
Addison, TX 75001
Founded in 1983
Key Executives for Financial Industry Computer Systems, Inc.
Chairman and Chief Executive Officer
President and Chief Operating Officer
Chief Technology Officer and Vice President
Compensation as of Fiscal Year 2015.
Financial Industry Computer Systems, Inc. Key Developments
FICS Announces New Mortgage Servicer® API Solution
Jul 22 15
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
Oct 20 14
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.
Tennessee Valley Federal Credit Union Chooses FICS' Xcluso(R) to Enhance Loan Origination Capabilities
Jan 21 14
Tennessee Valley Federal Credit Union has expanded its relationship with Financial Industry Computer Systems, Inc. (FICS(R)), to manage its loan origination department with the addition of Xcluso(R). An advanced web-based portal designed exclusively for loan originators, Xcluso provides the ability to easily track and manage prospects not only via laptop, but through iPad(R) and Android(TM) -based tablets as well. In an ongoing effort to increase originator productivity by simplifying the loan application process, particularly at their branch offices and other remote locations, Tennessee Valley was in need of a user-friendly system that saved time, eliminated manual processes, and required minimal implementation. Xcluso provides Tennessee Valley with an online portal, in which loan originators can easily manage pipelines, run preliminary credit reports, prequalify borrowers, and export application information directly into FICS' residential loan origination software (LOS), Loan Producer(R). The enhanced user-interface provides the credit union with an organized and intuitive workflow that supports credit checks and allows input of application data to more efficiently manage pipelines and prospects. Tennessee Valley executives also acknowledge that Xcluso allows greater access to information, enabling a more seamless communication among loan processing staff, the originator, and the borrower. As an alternative to having loan officers in each of the fourteen branches submit physical loan documents to the main branch, Tennessee Valley has leveraged Xcluso's secure method of linking and electronically storing supporting documentation, such as paystubs and statements, for quick and easy access between branches. Use of a tablet with a camera also provides the added benefit of being able to take a picture of the supporting documentation and easily attach these items to the loan application. Having up-to-date customer information accessible to all of the credit union's branches and loan officers has significantly decreased the number of calls that Tennessee Valley receives regarding loan application status. In addition, the credit union has eliminated the need to manually export or re-enter loan application data, resulting in a more efficient and accurate application process.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|