DALLAS--(BUSINESS WIRE)--For the fourth consecutive year, HousingWire has recognized Financial Industry Computer Systems, Inc. (FICS®), a provider of loan origination software, residential servicing software and commercial servicing software for the mortgage industry, as one of the leading technology companies serving the mortgage industry. The 2017 HW TECH100 list honors the housing industry’s 100 most innovative technology companies, capturing the full spectrum of today’s U.S. housing market, including origination, servicing, secondary markets, compliance, and real estate sales.
“The companies in the 2017 HW Tech100 cover the entire mortgage finance spectrum. Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream,” said HousingWire Magazine Editor Sarah Wheeler. “The companies that make up the 2017 HW TECH100™ are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment,” said HousingWire Senior Financial Reporter Ben Lane. “These companies aren’t just taking part in the housing industry’s technological revolution; they’re leading it.”
According to HousingWire, FICS was selected for its comprehensive and flexible in-house mortgage loan origination, servicing, and commercial mortgage loan servicing solutions. FICS has a decades-long track record of satisfying its customers. Sixty-two percent of FICS’ customers have been continual customers for more than 10 years, more than 50 customers have been using FICS systems for more than 25 years, and some more than 30 years.
FICS’ product Loan Producer® automates origination, processing, tracking, underwriting, closing and funding, and secondary marketing. Mortgage Servicer® automates residential servicing functions including escrow administration, collections, investor reporting, payment processing, loss mitigation, year-end reporting and cash management. Commercial Servicer® enables lenders to service commercial loans, including lines of credit and loans for equipment or inventory. In addition to similar automated functionality of FICS’ Mortgage Servicer®, the Commercial Servicer® system also includes asset management and commercial-specific functionality.
“FICS continues to build innovative solutions for lenders and servicers, and HousingWire’s inclusion of FICS for the fourth consecutive year recognizes the value of a company that provides integrated technology for origination and servicing,” said Susan Graham, President, and COO of FICS. “We’re committed to creating the tools our customers need to adapt to new regulatory challenges and keep up with advances in digital technologies.”
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com.
Founded in 1983 and headquartered in Dallas, Texas, Financial Industry Computer Systems, Inc. (FICS), specializes in providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry. FICS' systems are designed to operate on Microsoft® Windows® platforms with the most recent solutions written using .NET Framework that includes a rich Windows® Presentation Foundation user interface and multi-tiered shareable services. The company also provides Application Program Interfaces (API’s) and innovative document management and web-based capabilities in its full suite of products. Learn more about FICS’ technology solutions at www.FICS.com.