FICS Announces Increased Speed of Delivery of Commercial Servicing Software Updates at 2007 MBA Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo

SAN DIEGO, Feb. 5, 2007 – Financial Industry Computer Systems, Inc. (FICS), a mortgage technology specialist that provides in-house commercial servicing technology to the mortgage industry, announced today at the 2007 Mortgage Bankers Association Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo that users of its Commercial Servicer and Commercial Accountant systems can now download quarterly releases directly from the Internet.

Traditionally, FICS had delivered quarterly software updates via shipped CD-ROMs, but switched to online delivery after working with its customer base to determine that an electronic download, via the Internet, would be the best delivery method. With this delivery option, customers are now able to proactively manage their commercial servicing software, enabling them to make the most of their technology investment by swiftly keeping the Commercial Servicer and Commercial Accountant tuned for optimal performance and utilization.

Once the compressed files are uploaded to the Website by FICS, customers have immediate access to the software updates, as well as download history, including a time stamp of what was downloaded when, and by whom. Customers can download a file once or multiple times if necessary and run the update at their convenience.

“When it comes to the performance of the software supporting our customer's businesses, it is imperative that we provide sophisticated online offerings so they have the most up-to-date tools needed to maintain a smooth and efficient servicing operation,” said Dawn Gibbs, president and CEO of FICS. “Offering quarterly updates online capitalizes on the timely functionality of the Internet and serves as an excellent example of how our technology ensures that our customers are outfitted with the best tools to manage their business.”

About FICS

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 for Microsoft® Windows® with the most recent solutions using .NET framework that include a rich Windows® Presentation Foundation user interface and multi-tiered shareable services. The company also provides innovative document management and web-based capabilities into its full suite of products. Additional information about FICS is available via the company's website at www.FICS.com.

Financial Industry Computer Systems