On November 1, Calyx Software will issue an I-Update that automatically updates the interfaces in Point (version 4.4 and higher). The update installs automatically and adds new vendors to the Services in Point and Preferred Point Partners menus. The I-Update also updates existing interfaces as needed.
The update process applies to Services in Point and Preferred Point Partners only—no personal information is collected and no modifications are made to any other portions of your Point software. Sometime during the first two weeks of November, after you open your software and are connected to the Internet, Point will automatically receive and install the I-Update. This update includes:
New Services in Point
· Credit America USA
· MCR of America 1
New Preferred Point Partners
· American Reporting
Corporation (ARC)
· Vforms WorkCenter
· 1st Hartford National
Title, Inc.
New Form Available in Point 5.2
Effective January 1, 2006 Fannie Mae® and Freddie Mac® will require that all loan submissions be completed on newly revised loan application forms (Form 1003). Calyx Software is currently working with both agencies to update the screens and forms in Point and will make them available to Point users in Point 5.2, scheduled for shipment in December 2005.
Community Property Applicants
The revised application includes requirements for the collection of asset and liability information from persons, in addition to spouses, with community property or similar rights pursuant to applicable state law. The new form also includes signature lines for the applicant to indicate whether the application is for joint or individual credit and recognizes the assets of all non-applicants who share community property with the applicant.
Transmittal Summary
Fannie Mae has also revised the Transmittal Summary (Fannie Mae Form 1008) by adding new project classification codes to identify loans secured by condominium units. This updated form will also be included in Point 5.2.
Fannie Mae DO/DU Users
Fannie Mae recently enhanced its interfaces to Desktop Originator® and Desktop Underwriter®, including a multi-product tool availability in DO, a new link to the Fannie Mae Property GeoCoder, and new anti-fraud tools in DU. Point 4.4 and higher, including Point 5.2 (scheduled for shipment in December 2005), will allow you to access the latest versions of Desktop Originator and Desktop Underwriter.
Calyx would love to hear how Point, WebCaster, or Point and WebCaster together are helping your business. If you have a success story to share, please e-mail it to marketing@calyxsoftware.com. Calyx plans to share selected stories with others by publishing them on the Calyx web site and in newsletters and brochures.
