FICS®Receives Exemplary Ratings in Compliance Vulnerability Assessment Audit from IBM® Security Services for 10th Consecutive Year
Dallas, July 14, 2016 – Financial Industry Computer Systems, Inc. (FICS®), a provider of loan origination software, residential servicing software and commercial servicing software for the mortgage industry, has earned the highest possible rating from IBM Security Services and IBM X-Force® for the 10th consecutive year. FICS’ web products have all earned an overall rating of “Low” in the Application Security Assessment, indicating high levels of standards used to assess, manage and mitigate business risk.
The Application Security Assessment’s comprehensive vulnerability analysis allows FICS to improve its existing security framework, preventing unwanted intrusions internally, as well as on the host provider’s network boundary. From compliance testing to ethical hacking, the yearly audit preemptively tests for known vulnerabilities, in addition to 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 existing data protection laws and regulations.
“As the mortgage industry continues to change and evolve, FICS aims to provide high quality products and services that enhance day-to-day operations for lenders nationwide,” said Susan Graham, president and COO of FICS. “Having earned the highest marks from IBM’s Application Security Assessment for the past decade, our customers can rest assured that as we continue to enhance our various products and services, our efforts will result in significant improvements for their institution as well.”
FICS offers lenders full-service technology through three primary mortgage solutions: Loan Producer®, Mortgage Servicer® and Commercial Servicer®. Loan Producer is a complete residential loan origination software that automates the loan process from underwriting through origination and closing. Mortgage Servicer automates all residential loan 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 accommodate the servicing of lines of credit and loans for equipment or inventory.
About IBM Security
IBM’s security portfolio provides the security intelligence to help organizations holistically protect their people, data, applications and infrastructure. IBM offers solutions for identity and access management, security information and event management, database security, application development, risk management, endpoint management, next-generation intrusion protection and more. IBM operates one of the world’s broadest security research and development, and delivery organizations. IBM monitors 15 billion security events per day in more than 130 countries and holds more than 3,000 security patents. For more information, please visit www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.
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 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.