FICS Enhances Credit Bureau Request Functionality in Loan Producer System.Enhancements Open the Door to a Host of New Credit Vendors for Customers DALLAS -- Financial Industry Computer Systems, Inc. (FICS FICS Fellow of the International College of Surgeons. ), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that it has implemented enhanced credit bureau request functionality into its 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, Loan Producer[R]. This interface enables customers to order a credit report directly from within the Loan Producer system, view the credit report, and import the liabilities back into the system through the use of a single platform. This new functionality complies with the Mortgage Industry Standards Maintenance Organization's (MISMO MISMO Mortgage Industry Standards Maintenance Organization MISMO Maintenance Interservice Support Management Office ), a non-profit subsidiary corporation of the Mortgage Bankers Association, open and vendor neutral XML-based data standards for the mortgage industry. 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. company officials, the majority of credit vendors are currently supporting the MISMO standard. With this enhanced functionality, Loan Producer customers can generate a MISMO credit request, send it directly to a credit vendor who accepts credit requests using the MISMO standard, without having to request custom coding changes from FICS or reenter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. data. The credit companies can also return the viewable image The actual diagonal image on a monitor screen. For a long time, CRT measurements have been overstated; for example, a 17" CRT is generally between 15" and 15.8" diagonal. On the other hand, flat panel monitors on laptops, and later on desktops, have always provided accurate measurements, of the credit report in the standard format as well. This document can then be imported into FICS' integrated imaging and storage system, Radstar[R], enabling users to have a true, accessible record of the image within their document management system. "In today's lending environment, it is important for financial institutions to have systems in place that allow for easy communication with credit bureaus, customers and third party vendors, without a great deal of additional data entry and custom coding," 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 the new standardized credit request functionality, there is no need for custom interfaces and Loan Producer customers are able to do business with a host of different credit vendors." 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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