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FICS Links into Fannie Mae

Financial Industry Computer Systems, a mortgage technology specialist that provides in-house residential loan servicing and origination technology, has successfully completed testing of its system to import directly into Fannie Mae's MBS reporting system.

That means FICS users now will have the ability to import Fannie Mae MBS pools through the MBS reporting system with FICS' residential mortgage loan servicing system.

The company's MBS reporting system is a Web-based application that enables servicers of mortgage pools to import files, edit data, generate reports, export projection and security balance data, and submit MBS security balance information for processing by Fannie Mae.

Dawn Gibbs, president and CEO of FICS, said the company is among the first vendors to complete testing with Fannie Mae for import into the MBS reporting system. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com/

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