FICS Mortgage Servicer

Mortgage Servicer from FICS automates residential servicing operations covering payment processing, investor reporting, escrow administration, custodial accounting, imaging and report writing.

FICS has provided mortgage origination and servicing software for over four decades, which in this category matters more than novelty. Mortgage servicing is bound by rules that change constantly and penalise error severely, and forty years of continuous operation means the software has been through every regulatory cycle since the product existed.

The company's own chief technology officer states the integration argument plainly: when a lender's origination system and servicing software are integrated, information flows easily and accurately between originators, servicers and borrowers, improving efficiency and data consistency. Loan Producer, the origination system, integrates completely with Mortgage Servicer, eliminating time consuming data re-entry. Re-entry between origination and servicing is exactly where mortgage data errors are introduced, because it happens once per loan at the point of handover.

Commercial Servicer handles complex structured commercial loans including commercial real estate, multi-family, construction and equipment. Mobile responsive web applications provide round the clock online access, with LoanProducer.com streamlining applications for borrower and lender and eStatus Connect giving borrowers real time mortgage information. Pricing is not published.