Credit union implements FICS systems.Financial Industry Computer Systems Inc. (FICS FICS Fellow of the International College of Surgeons. ), Dallas, announced that CFCU CFCU Chetco Federal Credit Union (Southern Oregon & Northern California) CFCU Caring for Country Unit (Australia) Community Credit Union, Ithaca, New York
For other places or objects named Ithaca, see Ithaca (disambiguation). , has successfully implemented Loan Producer[R] FICS' mortgage loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. system, and Mortgage Servicer[R], its residential mortgage servicing Mortgage servicing The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. system. As CFCU's loan volume increased, its legacy DOS-based system was unable to deliver the levels of efficiency and precision necessary to maintain the credit union's competitiveness in its local mortgage market. With FICS' solutions in place, CFCU has effectively increased its ability to manage loan volume without having to add additional staff, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dawn Gibbs, president and chief executive officer of FICS. "FICS has been able to automate loan origination and servicing for CFCU Community Credit Union, giving them the end-to-end solution required to better manage their loan portfolio and provide an increased level of service to its members," said Gibbs. "With fewer necessary manual procedures and processes as a result of our software solutions, credit union employees are able to eliminate labor-intensive tasks, providing more time and available resources to helping the organization grow and remain a competitive player in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of marketplace." CFCU purchased and implemented FICS' origination and servicing systems because they are Windows[R]-based, have the ability to integrate with the credit union's IntegraSys CUBE[R] enterprise system, and because of FICS' ability to effectively serve as a single "end-to-end" solution, allowing a seamless process from the origination of a loan through servicing, according to Bill Crane, CFCU's vice president of mortgages. "Since the decision to implement Loan Producer and Mortgage Servicer, we have found the software to be very user-friendly, and the level of training, service, support and product knowledge provided by the FICS staff has been outstanding," explained Crane. "One area we feel was invaluable was the actual process of conversion, which remained on schedule because of both the assistance and knowledge of FICS' team. They were very experienced with the conversion from our legacy system, knowing the exact data needed and how to extract it, with no 'hiccups' or downtime." |
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