FICS (Financial Industry Computer Systems) specializes in flexible, cost-effective in-house mortgage LOS, residential and commercial servicing software for lenders, banks, and credit unions. FICS’ software provides API and web-based capabilities, in-house or cloud hosting solution flexibility, and integration between its LOS and servicing software. FICS provides banks, credit unions and mortgage lenders with the necessary mortgage servicing software to meet the challenges of reducing costs and maintaining profitability while simultaneously improving the borrower experience. The company quickly updated its servicing software to help servicers efficiently comply with the CARES Act regarding forbearance tracking, payment deferment and loan modifications.
- More than 20% of the top servicers have been FICS’ customers since 2014
- Commercial Servicer platform used by 15% of all the Freddie Mac multifamily lenders, 32% of all the Ginnie Mae-approved Multi-Family Issuers
- 53% of FICS’ Mortgage Servicer customers are approved Fannie Mae servicers, and 35% are Freddie Mac servicers
Loan Origination, Servicing