FICS Receives Exemplary Ratings in Compliance Vulnerability Assessment Audit From IBM ISS X-Force Professional Security Services for the Fifth Consecutive Year
Dallas, July 11, 2011 - Financial Industry Computer Systems, Inc. (FICS), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that, for the fifth consecutive year, its Web products all earned the best possible rating - “Low” - on the in-depth Application Security Assessment performed by IBM® ISS X-Force® Professional Security Services. The Application Security Assessment auditing standards enable organizations to assess, manage and mitigate business risk.
Through the Application Security Assessment performance service, FICS enhances its existing security posture and helps prevent unwanted intrusions – both on the host provider’s network perimeter and internally. The annual audit, proactively tests for existing known vulnerabilities and best practice security architecture. IBM’s continued testing, reporting and tracking of vulnerability closures for FICS enables the company to provide lenders the highest level of protection while demonstrating effective security practices and conformance with data protection laws and regulations.
“This year’s rating of an exemplary security posture for our web products affirms our commitment to providing mortgage technology with high standards,” said Susan Graham, president/COO of FICS. “FICS will continue to maintain a high level of service and constantly work to provide the mortgage industry with top-of-the-line residential origination and servicing and commercial servicing technology.”
FICS offers lenders three primary systems for mortgage solutions: Loan Producer, Mortgage Servicer and Commercial Servicer. Loan Producer is a complete residential loan origination software that automates the loan process through closing. Mortgage Servicer automates all servicing functions including escrow administration, collections, investor accounting, payment processing, loss mitigation and year-end reporting. Commercial Servicer enables lenders to service commercial loans, as well as accommodating the servicing of lines of credit and loans for equipment or inventory.
About IBM Internet Security Systems
IBM Internet Security Systems is the trusted security advisor to thousands of the world’s leading businesses and governments, providing preemptive protection for networks, desktops and servers. An established leader in security since 1994, the IBM Proventia integrated security platform is designed to automatically protect against both known and unknown threats, helping to keep networks up and running and shielding customers from online attacks before they impact business assets. IBM Internet Security Systems products and services are based on the proactive security intelligence of its X-Force research and development team – the unequivocal world authority in vulnerability and threat research. The Internet Security Systems product line is also complemented by comprehensive Managed Security Services and Professional Security Services. For more information, visit the Internet Security Systems Web site at www.iss.net or call 800-776-2362.
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.