Sponsored Content from FICS: FICS Celebrates 40 Years of Excellence in Mortgage Software: A Journey of Innovation and Resilience.

If you think back to 1983, it was a completely different world. Mortgage rates were above 13%, and 1983 is considered the official birthday of the Internet because of the new protocol called TCP/IP. That year, FICS® (Financial Industry Computer Systems, Inc.) was born when its founders created the first version of Mortgage Servicer®.

Sponsored Content from FICS: FICS Celebrates 40 Years of Excellence in Mortgage Software: A Journey of Innovation and Resilience.

If you think back to 1983, it was a completely different world. Mortgage rates were above 13%, and 1983 is considered the official birthday of the Internet because of the new protocol called TCP/IP. That year, FICS® (Financial Industry Computer Systems, Inc.) was born when its founders created the first version of Mortgage Servicer®.

Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business

A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.