FICS® Named to HousingWire's HW TECH100™ List for Third Consecutive Year
Financial Industry Computer Systems, Inc. (FICS®), a provider of loan origination software, residential servicing software and commercial servicing software for the mortgage industry, has once again been included as an honoree for HousingWire’s third annual HW TECH100™ list for 2016. Aimed at highlighting the housing economy’s 100 most innovative technology companies, the HW TECH100 is the only list of its kind that effectively captures the full spectrum of today’s U.S. housing market, with the ultimate goal of showcasing the mortgage industry’s most innovative technology companies.
“The companies in the HW TECH100™ are providing innovative solutions to the traditionally hide-bound mortgage finance industry,” said HousingWire Editor-in-Chief Jacob Gaffney. “In the face of rising costs to originate and service loans, a still volatile housing market and multiplying regulations, these innovations are crucial to the survival and profitability of those in our industry.”
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:
- Market influence;
- Market potential;
- Unique solution;
- Elegant implementation; and
- Something else entirely (i.e. determined to be an “Industry Game Changer” by HousingWire).
“It’s incredible to see the universe of tech options now available to our industry,” said HousingWire Magazine Editor Sarah Wheeler. “Some of the best and brightest minds are clearly working in our space to address the extraordinary challenges our industry is facing.”
FICS’ Loan Producer® software provides automation of underwriting, origination and back-office closing tasks. Mortgage Servicer® 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.
“Being honored as part of the HW TECH 100 for the third consecutive year further affirms our ongoing commitment to being leaders of innovation within the mortgage industry,” said Susan Graham, president and COO of FICS. “As we move forward into 2016, FICS will continue to provide our customers with innovative residential and commercial technology solutions to ensure all of their demands are met today and well into the future.”
HousingWire is the nation's most influential industry 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. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at 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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