FICS Launches Rules Engine Module For Its LOS

Posted by Orb Staff on November 30, 2010 No Comments
Categories : FYI

Mortgage technology provider FICS has released Rules OnDemand, a business rules engine for creating customized business logic within the Loan Producer loan origination software (LOS).

Rules created with the module can assist with loan product selection, loan eligibility, loan validation, custom underwriting conditions, private mortgage insurance pricing, interest-rate pricing and workflow, FICS explains.

“Lending policies and compliance requirements vary by lender for the loans they originate and close,” says Susan Graham, president of FICS. “Rules OnDemand enables our customers to benefit from the automation Loan Producer provides and take advantage of custom business rules that have traditionally been limited to more expensive platforms.”

SOURCE: FICS

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