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, has announced the successful implementation of Mortgage Servicer and Mortgage Accountant at Plano, Texas-based Acqura Loan Services.
Acqura, a unit of the Strategic Recovery Group LLC, is a special servicer. The company selected FICS to serve as the backbone of its servicing operation in order to efficiently service custom, non-performing residential mortgages.
FICS says that because its residential loan servicing and accounting solutions are designed to allow users to interface specialized applications and support systems directly with its solutions, Acqura is able to utilize its proprietary technology and unique risk assessment and management solutions in conjunction with FICS' solutions to efficiently run its business and provide the level of service that is required in today's growing market of loans in default.
‘We are working with high-risk borrowers and high-risk assets and trying to prevent foreclosure where possible,’ says David Vida, CEO of Strategic Recovery Group and Acqura. ‘We use a combination of FICS and in-house developed proprietary applications to help us successfully meet the market's growing demands.’