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FICS Announces Successful Windows Conversion of Commercial Servicer Customers

Flexibility increased while commercial mortgage loan servicing processes streamlined

ORLANDO, Fla., Feb 4, 2002 (BUSINESS WIRE) -- Financial Industry Computer Systems, Inc. (FICS), a mortgage technology specialist that provides in-house commercial servicing technology to the mortgage industry, announced today at the MBA Commercial Real Estate Finance (CREF) Conference that it is concluding the successful DOS-to-Windows(R) conversion of its full roster of Commercial Servicer(R) customers.

Commercial Servicer is FICS' in-house commercial mortgage loan servicing system.

Through the Windows conversion, FICS' Commercial Servicer clients now have complete control over their commercial loan data and management of the system as well as the ability to post payments in "real time," run reports on demand, provide immediate escrow analyses and quote payoffs on request. Built from the "ground-up," the system's 32-bit client/server application supports ODBC (Open Database Connectivity) relational databases, providing lenders with quick access to mortgage loan data and the ability for that data to work with supporting applications with the touch of a mouse.

FICS began conversion of its DOS-based clients to Windows in Q1 2000 and anticipates full conversion of all Commercial Servicer clients to be complete in Q1 2002.

"Our goal with Commercial Servicer has always been to provide our customers with a cost-effective, flexible system that enables them to fully control their data with the ability to have that data work successfully with other applications," said Dawn Gibbs, president and CEO of FICS, Inc. "As a result, we have built on our nearly 20 years of experience and developed the most comprehensive ODBC database available to the industry."

About FICS
Founded in 1983 and headquartered in Dallas, Texas, Financial Industry Computer Systems, Inc. (FICS) is a mortgage technology specialist that provides flexible, in-house commercial mortgage loan servicing solutions to the mortgage industry. FICS' commercial mortgage loan servicing system (Commercial Servicer)(R) represents true, Windows(R)-based systems utilizing advanced Windows(R) technology. This 32-bit client/server application supports ODBC (Open Database Connectivity) relational databases, providing lenders with quick access to mortgage loan data with Microsoft Word, Excel and other ODBC compliant systems such as Access, IQ/Eureka or Crystal Reports.

For additional information about FICS and its products, visit the company's Web site at www.loanware.com.

Media contact for FICS
Blair Logan
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