FICS® Named to HousingWire's HW TECH100™ List for Second Consecutive Year
DALLAS, March 16, 2015 — Financial Industry Computer Systems, Inc. (FICS®), a provider of loan origination software, residential servicing software and commercial servicing software for the mortgage industry, was recently announced as an honoree for HousingWire’s second annual HW TECH100™ list for 2015. The HW TECH100 is the only list of its kind that effectively captures the full spectrum of today’s U.S. housing economy, with the ultimate goal of showcasing the mortgage industry’s most innovative technology companies.
“Technology is changing both the mortgage and real estate industries in tangible and positive ways,” said Paul Jackson, publisher and chief executive officer of HousingWire. “The honorees that are part of the 2015 HW Tech 100™ are shaping this revolution, helping forge the future of an industry that drives the U.S. economic engine.”
FICS was selected for this year’s list based on a series of key criteria, which include a technology focus on residential mortgage lending, residential mortgage servicing, and residential mortgage investments or real estate, as well as the availability and active marketing/sale of the technology to third party users. Additionally, the firm’s technology is required to meet at least one of HousingWire’s six characteristics of innovation:
- Unique solution;
- Elegant implementation;
- Market influence;
- Market potential; and
- Something else entirely (i.e. determined to be an “Industry Game Changer” by HousingWire)
“This year we were struck by the level of innovation we saw, with 40 new additions to the HW Tech 100,” said Jacob Gaffney, executive editor for HousingWire. “That speaks to how much change is taking place in the mortgage industry overall right now; we’re seeing a lot of market disruption, and technology providers are clearly taking advantage of the opportunity that it creates.”
FICS’ Loan Producer® software provides automation of underwriting, origination, and back-office closing tasks. Mortgage Servicer® software automates residential servicing functions including escrow administration, collections, investor reporting, payment processing, loss mitigation and year-end reporting, while Commercial Servicer® enables lenders to service commercial loans, including investor reporting, and also accommodates the servicing of lines of credit and loans for equipment or inventory.
“We are honored to be recognized in the HW TECH 100 list for the second consecutive year,” said Susan Graham, president and COO of FICS. “This acknowledgment confirms our commitment to be leaders of innovation within the mortgage industry and to continue to provide our customers with exceptional residential and commercial technology solutions.”
About the HW TECH100™
The HW TECH100™ looks to find the housing economy’s 100 most innovative technology companies. The annual program is the first to look at the entire housing economy, spanning residential real estate to residential mortgage lending, servicing and investments. Collectively, the housing economy represents roughly 1/3rd of the U.S. economy, and more than 600 technology firms and dot-coms offer solutions that serve this market. Learn more at http://tech100.housingwire.com.
HousingWire is the nation's most influential news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Learn more at http://www.housingwire.com.
Founded in 1983 and headquartered in Dallas, Texas, Financial Industry Computer Systems, Inc. (FICS), specializes in providing flexible, comprehensive residential and commercial software solutions to the mortgage industry. FICS' software systems are designed to operate on Microsoft® Windows® platforms using Microsoft® .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 in its full suite of products. Additional information about FICS is available at www.FICS.com.
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