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Campus Federal Credit Union Implements FICS' Commercial Servicer(R).


SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837.  -- Financial Industry Computer Systems, Inc. (FICS FICS Fellow of the International College of Surgeons. ), a mortgage technology specialist that provides in-house commercial servicing technology to the mortgage industry, announced at the MBA's CREF/Multifamily Asset Administration and Technology Conference the successful implementation of Commercial Servicer[R] at Baton Rouge Baton Rouge (băt`ən rzh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.-based Campus Federal Credit Union, one of the nation's oldest credit unions.

In July 2006, Campus Federal purchased FICS' commercial real estate loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services.  system, Commercial Servicer in order to service loans. The credit union moved into the commercial lending arena in 2006 and realized that in order to continue to successfully grow, it required a system that could handle the increased portfolio servicing needs, as well as a software provider that could provide the technical assistance and support the credit union required. Campus Federal selected FICS' Commercial Servicer for the systems' comprehensiveness and warehouse/investor/participation functions, the ability to consolidate and track data and generate reports, as well as the technical assistance offered by FICS' customer service team, all enabling more efficient day-to-day portfolio management. The credit union also benefits from an interface between Commercial Servicer and their core processing software platform from XP Systems, which enables them to share data between the platforms and allows the frontline front·line also front line  
n.
1. A front or boundary, especially one between military, political, or ideological positions.

2. Basketball See frontcourt.

3. Football The linemen of a team.
 staff to see loan information and take payments for these loans.

"Since the implementation of Commercial Servicer, we have found the software to be comprehensive and able to handle loan data, variable payment definitions, a wide array of loan structures, and all of the relevant collateral and security information, and have benefited from a solid level of training, service, support and product knowledge provided by the FICS staff," said Todd Zirkle, vice president, Business Services, of Campus Federal Credit Union. "FICS has helped position the credit union to more effectively serve our business members and has freed the staff to focus on additional revenue generating activities."

"FICS has been able to provide Campus Federal with the solutions required to efficiently service their growing commercial lending portfolio, benefiting both its members and employees," said Dawn Gibbs, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of FICS. "With fewer necessary manual procedures as a result of our software solutions, Campus Federal has been able to redirect available resources to better increase internal efficiency and revenue generation, making for a more competitive institution."

About Campus Federal Credit Union

One of the nation's oldest credit unions, Campus Federal CU was issued charter number 79. Formed in 1934 by ten employees of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein.  State University, Campus Federal now boasts more than 38,000 members and more than $332 million in assets. The common bond between Campus Federal and LSU LSU Louisiana State University
LSU Large Subunit
LSU La Salle University (Philadelphia, PA)
LSU La Sierra University
LSU Link State Update (OSPF)
LSU Learning Support Unit
 remains strong, along with the bond developed with additional select employee groups. The credit union has locations in Baton Rouge, New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded  and Shreveport, serving one of the largest member groups of any credit union in the state of Louisiana.

For additional information about Campus Federal CU visit, www.campusfederal.org.

About FICS

Founded in 1983 and headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl.
, Financial Industry Computer Systems, Inc. (FICS) specializes in providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry. FICS' solutions are designed around the latest in Windows-based technology, while incorporating innovative document management and Web-based capabilities into its full suite of products.

Additional information about FICS is available via the company's Web site at www.loanware.com.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 16, 2007
Words:553
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