FICS Issues Loan Producer Updates
Nov 07, 2012 (Close-Up Media via COMTEX) --
Financial Industry Computer Systems, Inc. (FICS), a provider of loan origination software (LOS) for the mortgage industry, has released an update to its next generation platform of Loan Producer.
According to a release, the update provides users with an even more streamlined loan file workflow and friendly user interface, further reducing time spent managing loan files.
Loan Producer continues to provide users with a simple navigation interface, and utilizes shareable services to enable interoperability with FICS' residential loan servicing and online mortgage loan application software. The new update also accommodates additional features to further ensure compliance with data standards and frequently changing industry regulations.
Loan Producer, a LOS built on the .NET Framework, provides lenders of all sizes with underwriting, compliance and closing functions within a Microsoft Windows Presentation Foundation (WPF) user interface. The software is also compliant with Mortgage Industry Standards Maintenance Organization (MISMO) standards, to support any third-party services that meet the association's requirements for certain transaction sets.
"The rate of change within the mortgage industry continues to drive FICS' innovation in our ongoing initiative to fully support the business needs of loan originators," said Susan Graham, president and COO of FICS. "Loan Producer is constantly updated and enhanced to ensure our customers are always current in regard to industry regulations and demands, as well as equipped with the automation necessary to make the most of their valuable time and improve the service experience for their borrowers."
Headquartered in Dallas, Texas, Financial Industry Computer Systems, Inc. (FICS), specializes in providing residential and commercial technology solutions to the mortgage industry.
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