Established in 1982 as Foreclosure Consultants, Inc., FCI Lender Services, Inc. (FCI) has evolved into a powerhouse in the financial landscape, specializing in non-qualified mortgage (Non-QM) and private money servicing. FCI’s journey is marked by its commitment to excellence and regulatory compliance, making it a trusted partner for a diverse clientele.
A Trusted Partner Since Inception:
From servicing annual loan portfolios ranging from 72,000 to 75,000 loans to managing aggregate balances of $25 billion to $28 billion, FCI has been a stalwart partner for private money and Non-QM lenders, investment companies, credit unions, and individuals. The company’s reputation as a trusted partner is rooted in its commitment to client safety and regulatory standards.
Unparalleled Expertise and Regulatory Compliance:
FCI’s executive and management teams bring a wealth of experience, averaging over 36 and 24 years, respectively. With 180 to 200 employees, FCI prioritizes continuous training and stringent regulatory compliance, evidenced by ratings from Fitch, recognition by Freddi Mac, and regular audits by state and federal regulators.
Evolution and Expansion:
From its California roots, FCI expanded nationally in 2002, setting milestones such as the introduction of the industry’s first live customer login in 2004. Rebranding as FCI Lender Services, Inc. in 2007, the company earned a Morningstar rating in 2012 and became a preferred servicer for banks and Wall Street hedge funds. FCI’s commitment to innovation continued with groundbreaking initiatives in 2020 and 2022, including Full API Connectivity and Private Financial Technology Blockchain.
Innovation in the Digital Age:
FCI remains at the forefront of innovation, introducing groundbreaking initiatives like Full API Connectivity and Private Financial Technology Blockchain. These advancements ensure seamless integration with clients’ internal software and provide unchangeable, immutable, and transferrable technology.
Mission and Purpose:
FCI’s mission is clear – to serve as a premier national Non-QM and Private Money Servicer. Acting as the Sub-Servicer at the direction of its Lender Clients, FCI offers an all-inclusive outsourcing alternative for Loan Servicing, Collection, and Default processing. The company strives to deliver efficiencies and cost savings through top-notch personnel and technologies.
Staff:
FCI’s staff, carefully screened, tested, and extensively trained, includes some of the most experienced personnel in the industry. The loyalty and commitment of employees, some part of the FCI team for over 16 years, contribute to the company’s success. The 14 members of FCI’s Senior Management Team bring an average of over 27 years of servicing and workout experience each.
Reputation:
With over 40 years in the industry, FCI has built a reputation for providing hands-on professional Loan Servicing and Collection. Recognized as a “partner you can trust,” FCI distinguishes itself from impersonal processing factories by effectively handling various types of Private Money and Non-QM Loans for a wide array of Lenders.
Conclusion:
FCI’s unwavering commitment to excellence, innovation, and regulatory compliance has solidified its position as a premier national private money and Non-QM services provider. As FCI continues to shape the future of private money servicing, it does so with integrity and a vision for a dynamic future in the ever-evolving financial landscape. Trust FCI – a partner with a rich history and a commitment to a thriving future, one loan at a time.
