FFIEC News

FICS Announces New, More Flexible Architecture for iNetAp

(March 26, 2007)--Financial Industry Computer Systems, a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced  that it has implemented an enhanced version of iNetAp, the company’s online application tool used in conjunction with FICS’ loan origination system, Loan Producer.

iNetAp’s new architecture provides lenders with a more competitive online lending solution with faster page loading, increased branding options and loan officer access. New customization functionality is now available giving lenders the ability to configure their own mortgage loan application, including: fields, tabs, navigation and branding, thereby allowing them to tailor iNetAp to suit their needs at their convenience. Financial institutions are also able to enhance security and comply with the FFIEC's Multifactor Authentication requirements through the use of customized login options such as the use of login tokens, security keys, and CAPTCHA.

The new architecture extends iNetAp to multiple origination channels through the use of the Loan Officer Pipeline with a real-time connection to Loan Producer, the central database of record. Originators benefit from the freedom to submit mortgage loan applications through the Internet for import into Loan Producer and can retrieve current loan status, closing dates and rate changes in a real-time pipeline.

“The decision to increase the audience scope of iNetAp is strategically aligned with FICS’ goal to meet the online origination lending needs of our customers,” said Dawn Gibbs, president and CEO of FICS. To this end, we continue to add functionality to our solutions, working closely with our customers to determine the system enhancements that will provide the greatest, immediate benefit to their business.”

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