FICS' credit, flood and mortgage insurance interfaces earn MXCompliance Certification from MISMO MortgagePress.comFinancial Industry Computer Systems Inc., MXCompliance Certifications, MISMO
Financial Industry Computer Systems Inc. (FICS), a mortgage
technology specialist that provides in-house residential
origination and servicing technology and commercial servicing
technology to the mortgage industry, announced that its residential
mortgage loan origination system, Loan Producer, has received
MXCompliance Certifications from Mortgage Industry Standards
Maintenance Organization, Inc. (MISMO) for its Credit Request
v2.3.1 interface, Credit Response v2.3.1 interface, Flood Request
v2.4 interface, Flood Response 2.4 interface, Mortgage Insurance
Application Request v2.3.1 interface and Mortgage Insurance
Application Response v2.3.1 interface.
As the premier standards development body for the real estate
finance industry, MISMO coordinates the development and maintenance
of Internet-based Extensible Markup Language (XML) real estate
finance specifications to deliver a common format for the
electronic transfer of mortgage industry data. The MISMO standard
promotes consistency throughout the industry, reduces costs,
augments transparency and heightens investor confidence in
mortgages as an asset class.
The MISMO interfaces provide FICS customers with the ability to
interface directly with any credit, flood and mortgage insurance
vendor that conforms to the MISMO specifications without having to
perform any customization. This enables FICS customers to operate
more efficiently, improve accuracy, increase data transparency, and
work faster and effectively to improve their bottom line.
"Providing our customers with access to interactive vendor
neutral interfaces makes for more efficient and resourceful
financial solutions," said Susan Graham, president of FICS.
"Working to ensure our solutions comply with MISMO standards
demonstrates how we continuously provide our customers with the
solutions required to positively impact their business."
FICS Loan Prospector Interface is also designed using MISMO
specifications and seamlessly integrates with Freddie Macs Loan
Prospector. In addition, FICS has created interfaces using MISMO's
closing transaction set, which are currently used by customers who
utilize DocMagic and ProClose for their closing needs.
For more information, visit www.mismo.org or www.FICSLoanWare.com.