Loan Origination System Rolled Out
The third generation of the Loan Producer loan origination system has been rolled out by Financial Industry Computer Systems Inc., the company said.
Dallas-based FICS said the new system uses Microsoft .NET Framework and Windows Presentation Foundation for easier interface use and increased scalability and configuration flexibility.
“The interface is very intuitive, with additional features that help ensure accuracy and compliance,” said beta tester Melinda de Leon, lending project and systems analyst at Partners Federal Credit Union in Orlando, Fla.
FICS declined to state how many customers it has but said it services lenders in all 50 states and Guam and that about half its clients are credit unions.