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 inaugural HW TECH100™ list for 2014. 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.
“The revolution in mortgage and real estate technology is just getting started,” said Paul Jackson, publisher and chief executive officer of HousingWire. “What we’ve already seen happen in many other industries, from retail to news media, we’re now seeing take place on a grand scale in the U.S. housing economy. The HW TECH100 recognizes those firms that are innovating the future of an industry that underpins much of 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).
“With more than 400 firms under consideration this year, selecting 100 was incredibly difficult – and making the cut should be considered a distinct honor,” said Jacob Gaffney, executive editor for HousingWire. “What really stands out to me is this: for the firms included in the 2014 HW TECH100, the average reported customer growth rate year-over-year was a whopping 359 percent. This tells me that innovation is really taking off when it comes to the future of the housing industry.”
Loan Producer® provides automation of underwriting, origination and back-office closing tasks. Mortgage Servicer™ automates residential servicing functions including escrow administration, collections, investor accounting, payment processing, loss mitigation and year-end reporting. 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.
“As a company, we consistently strive to incorporate change and innovation into all of our technology offerings in order to best benefit our customers and the mortgage industry as a whole,” said Susan Graham, president and COO of FICS. “We are extremely honored to be recognized in the inaugural HW TECH100 list for our dedication to providing innovative mortgage solutions and look to this honor as validation of our recent achievements.”
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 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.
- mortgage lending
David Jones, 678-781-7238