FICS' Dawn Gibbs Appointed To MISMO Board of Directors

DALLAS, Nov. 6, 2006 – 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 the appointment of the company's president and CEO, Dawn Gibbs, to the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO) Board of Directors.

MISMO is the premier standards development body for the real estate finance industry. Gibbs joins four other directors in the effort to coordinate the development and maintenance of Internet-based Extensible Markup Language (XML) real estate finance specifications. Through an open and democratic process, MISMO delivers a common format for the electronic transfer of mortgage industry data. Mortgage Banking Association (MBA) chairman, Regina Lowrie, who represents the sole shareholder of its MISMO subsidiary, selects and appoints the seats on the board of directors. Gibbs has accepted the two-year appointment and will serve until July 2008.

“I am honored to be selected as a part of this influential organization,” said Gibbs. “MISMO benefits the industry through the development and promotion of data and delivery standards to enable a more efficient exchange of data among trading partners. FICS is proud to be a part of, and participate in, this organization's current and potential impact on the mortgage industry.”

About MISMO

The Mortgage Industry Standards Maintenance Organization's (MISMO's) mission is to develop, promote, and maintain voluntary electronic commerce standards for the mortgage industry. Established in 1999 by the Mortgage Bankers Association, MISMO encourages participation from all sectors of the industry. For more information, please visit www.mismo.org.

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