FICS Strengthens Executive Team Through Promotions

DALLAS, June 23, 2005 - Financial Industry Computer Systems, Inc. (FICS), a mortgage technology specialist that provides in-house residential origination and servicing technology to the mortgage industry, announced the promotion of one employee to the position of vice president and four to assistant vice president.

Susan Graham has been promoted from assistant vice president to vice president of Customer Service, where she will oversee customer service, training, consulting and product testing. Anita Bush is serving as assistant vice president of Mortgage Servicer Development and Sherri Carr as assistant vice president of Commercial Servicer Development. Sandy Bonura has also been promoted to assistant vice president of Technical Services and is now responsible for the management of technical support and Web application development.

"FICS' success for more than 21 years is not only based on the quality of our technology and product offerings, but also on the people who work behind the scenes - the people who lead and guide customer service, strategic and product development and technical services," said Dawn Gibbs, president of FICS. "Susan Graham, Anita Bush, Sherri Carr and Sandy Bonura have helped our company grow through hard work and dedication, and we look forward to further industry expansion with their help."

FICS' flagship products include Loan Producer, a residential loan origination system; Mortgage Servicer, a residential mortgage loan servicing system; and Commercial Servicer, a commercial mortgage loan servicing system. These 32-bit client/server Windows® applications support ODBC (Open Database Connectivity) relational databases, enabling lenders with quick access to mortgage loan data with Microsoft® Word, Excel and other ODBC compliant systems such as Access, IQ/Eureka or Crystal Reports with the touch of a mouse.

In addition, FICS also features Web-based peripheral products that enable mortgage professionals and residential and commercial mortgage loan holders alike the ability to access important information via the Internet. These products include iNetAp, an online mortgage application tool for use with Loan Producer; LOiT, a point of sale package for the Internet; eStatus, online access to residential mortgage loan data for borrowers; LoanStat, online access to commercial mortgage data for borrowers; and RTA, a real-time interface that synchronizes mortgage information in a user's core database with that in the Mortgage Servicer database.

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