|[March 17, 2014]
FICS Named to HousingWire's HW TECH100™ List of Leading Innovative Mortgage Technology Companies
DALLAS --(Business Wire)--
Financial Industry Computer Systems, Inc. (FICS®), a provider
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
"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.
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 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
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
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 (News - Alert) 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.
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