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Technology

FICS Reports 175 Percent Increase in User Volume

Financial Industry Computer Systems, Inc. (FICS), reported Monday that rising demand for commercial real estate (CRE) servicing software has led to a major increase in the Dallas-based company's user volume. FICS has seen a 175 percent increase in Commercial Servicer user volume during the last nine months.

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Coester Appraisal Group Changes Name

As of Monday, Coester Appraisal Group is now CoesterVMS. According to a release from CoesterVMS, the new name reflects the company's new, expanded line of valuation management services.

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Beige Book Cites Modest to Moderate Growth With ‘Guarded’ Optimism.

The economy expanded at a modest to moderate pace from early April to the end of May, the Federal Reserve reported Wednesday in its periodic Beige Book. The assessment reflected a weakening from the report in April when the expansion was characterized as moderate. Economic outlooks, according to the report, ""remain positive, but contacts were slightly more guarded in their optimism."" Activity in the New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco districts was described as moderate, while the Richmond, St. Louis, and Minneapolis districts noted modest growth.

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ISGN Launches Smart Phone App to Assist Appraisers

ISGN Corporation announced Monday the launch of a new smart phone app for its Gators browser-based settlement services and vendor management system. The app is designed to assist appraisers, title abstractors and closing agents out in the field. It allows vendors to accept, decline, or update orders from the field, helping vendors to manage their time.

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Ellie Mae to Shift Common Stock to NYSE

Ellie Mae, Inc., announced Thursday that it has received authorization to transfer its common stock to the New York Stock Exchange (NYSE).The Pleasanton, California-based mortgage network and software provider was given authorization from NYSE Regulation to transfer the listing of its common stock from the NYSE MKT (formerly NYSE Amex), where it has traded since its initial public offering in April last year.

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