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October 19, 2007
FICS' Loan Origination System Simplifies HMDA Reporting
Financial Industry Computer Systems, Inc. (FICS®) announced that it enhanced its Home Mortgage Disclosure Act (HMDA) reporting features in its residential mortgage loan origination system (LOS), Loan Producer®.
The HMDA reporting feature enables mortgage professionals using Loan Producer to more easily comply with HMDA requirements by eliminating extra steps required to prepare the Loan Application Register (LAR), HMDA's required format for submission to federal financial regulatory agencies.
Posted by S. Germain at October 19, 2007 08:11 AM