FICS Helps Taylor, Bean & Whitaker Receive Recognition in Mortgage Technology Magazine's Top 25 Tech-Savvy Lenders List for 2006
DALLAS, Sept. 25, 2006 – 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 customer, Ocala, Fla.-based Taylor, Bean & Whitaker Mortgage Corp. (TBW) has been recognized for its innovative use of mortgage technology by Mortgage Technology magazine's August issue of “Top 25 Tech- Savvy Lenders.” TBW, a Top 20 wholesale mortgage lender nationally, has been utilizing FICS solutions since January 2000 and continually makes a point of reinvesting profits into technology.
Each year Mortgage Technology names the Top 25 Tech-Savvy Lenders that accurately reflect the mortgage industry's current state of advancement in the use of technology. This year's list consists of lenders that have proven records using the Internet to create a strategic advantage, particularly as a platform for consumer-direct and/or third party transactions.
TBW utilizes FICS' residential mortgage loan servicing technology. Specifically, the lender uses Mortgage Servicer, a residential mortgage loan servicing system with loss mitigation functionality; Radstar, an integrated imaging system that automatically writes reports and documents created from the servicing system to an indexed database; e-Status, which offers its borrowers online access to residential mortgage loan data; and Mortgage Accountant, for its automated custodial accounting capabilities.
According to TBW executives, FICS' Mortgage Servicer's presentation of borrower loan and repayment information in real-time, with access throughout the organization, has helped the organization greatly in managing loan defaults.
“As the mortgage industry continues to evolve and becomes more technologically adept, the Internet will continue to change how the industry communicates,” said Dawn Gibbs, president and CEO of FICS. “ Taylor , Bean & Whitaker is continuing to set the standard for successful residential mortgage servicing operations through the use of our technology and the level of service it provides to its customers. Working with our customers, such as TBW, has enabled us to continually provide the high level of service and innovation that is needed to help lenders excel in today's environment.”
About Taylor, Bean & Whitaker
Taylor, Bean & Whitaker Mortgage Corp. (TBW), headquartered in Ocala , FL is a Top 20 national wholesale mortgage lender. The company was incorporated in 1982 and began operations as a small town retail mortgage firm. Since then, TBW has ascended to a national mortgage lending institution with offices across the country. TBW services more than 170,000 loans and is rated as “Strong” by Standard and Poors. Additional information about the company can be found online at www.taylorbean.com.
About FICS
Founded in 1983 and headquartered in Dallas, Texas, Financial Industry Computer Systems, Inc. (FICS), specializes in providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry. FICS' systems are designed for Microsoft® Windows® with the most recent solutions using .NET framework that include a rich Windows® Presentation Foundation user interface and multi-tiered shareable services. The company also provides innovative document management and web-based capabilities into its full suite of products. Additional information about FICS is available via the company's website at www.FICS.com.
