On September 4, Calyx Software will issue an I-Update that updates the interfaces in Point (versions 5.2 and higher). The update installs automatically and adds new vendors to the Lenders, Services, and Interfaces menus in Point. The I-Update also applies updates to existing connections as needed.
The update process affects only company listings in the Lenders, Services, and Interfaces menus in Point — no personal information is collected and no modifications are made to any other portions of your Point software. Sometime shortly after September 4, when Point 5.2, 5.3, 5.4, and 6.0 users open their software and are connected to the Internet, Point will automatically receive and install the I-Update. After the I-Update has been received, the next time Point is opened, the new listings will appear.
Additions to each menu include:
Services Menu — AVM
· PLATINUMdata Solutions
· Title Source Inc.
Services Menu — Credit
· Advanced Credit Services
Services Menu — Title
· Nations Title Agency
· Title Source Inc.
Interfaces Menu — Closing Docs
· idsDoc Web
· International Document Services, Inc.
Interfaces Menu — Credit
· Credit Service Company
Interfaces Menu — Fraud Detection
· AFI Resources
Interfaces Menu — Hazard Insurance (New Category!)
· Tritus Insurance Group
Interfaces Menu — Internet Services (see related story)
· Mavent
Interfaces Menu — Outsource Processing
· eXpertivity Mortgage Processing
Interfaces Menu — Product and Pricing
· LenderFlex
Interfaces Menu — Title/Escrow
· ClosingDesk
Point Market share at 67.9 percent, according to Wholesale Access Mortgage Broker Study
According to David Olson, President of Wholesale Access, "Based on our 2006 survey fielded in early 2007, Calyx has maintained its dominant market share of two-thirds since 2002 and is the market leader for loan origination systems (LOS). Most firms are satisfied or very satisfied with their current LOS provider so we see little change in Calyx's market share in the future." Learn more
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First American CoreLogic AVM products integrated into Point Now, you can order First American CoreLogic GeoAVMs and Warranted AVM coverage through Point. GeoAVM offers higher hit rates and value accuracy First American CoreLogic’s GeoAVM product, through the AVMSelect platform, objectively ranks AVM selection from 18 leading AVMs in the order most likely to deliver accurate valuations for each geography. Depending on each client's needs and data availability, the AVMs are ranked based upon their accuracy at the State or County level (FIPS code). GeoAVM increases hit rate and value accuracy. Warranted AVM insures against valuation and related loan losses An optional add-on to the GeoAVM, First American CoreLogic’s Warranted AVM covers lender losses due to AVM overvaluation. HistoryPro’s collateral and market risk evaluation tool is built into the service. Warranted AVM goes beyond valuation error loss recovery to encompass all reasonable expenses incurred with the loss. Additionally, the AVM cost is only incurred if the loan funds. CoreLogic's interface is located in the Services > AVM Reports menu in Point. For more information, or to set up an account, call 888.288.2009 and let them know you’d like to order AVM products through Calyx Software.  On September 4, Calyx will add a new category to the Interfaces menu — Hazard Insurance — and 1st Reliable Insurance will be moving to that menu. 1st Reliable offers Point users the following services: · Insures hazard, windstorm, flood and builder’s risk for single family homes, condos, town homes and commercial property · Insures in Texas, California, Florida, New York and Illinois (all states coming soon) · Does NOT run credit · Point users receive proof of insurance within 30 minutes of request for insurance Only Point users who work with Point versions 5.4 and higher will be able to use the new interface when it becomes available. |
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Mavent's automated regulatory compliance solutions now available in Point The new Mavent interface will enable Point and Point Data Server users to quickly, effortlessly and accurately review loan data against nearly 300 legislative acts, roughly 200 license types, and the rules and regulations of over 60 regulatory authorities, prior to closing. Mavent's clients Mavent is the preferred provider of automated solutions to the industry’s largest mortgage institutions, including Fannie Mae, several Wall Street firms and three of the top five mortgage lenders. Point users can now benefit from the same compliance reviews used by the industry’s leading mortgage lenders and investors, at a cost that is competitively priced with less accurate vendors. “Our clients fund or purchase nearly one out of every two mortgage loans originated,” said Lou Pizante, CEO of Mavent. “Calyx's impressive 67.9 percent market share enables Mavent to provide our high quality service affordably to the small- and mid-sized originators that work with our larger clients. Besides affording them the greatest protection from compliance risk, this will benefit Calyx customers by accelerating fundings, reducing kick-outs, and improving executions overall.”  The most frequently viewed articles on www.calyxsupport.com are the ones concerning patch upgrades. Patch upgrades are small files that Calyx makes available after a release to fix issues with the release. These patches can be quickly downloaded and installed. Click on one of the links below to download the patch for the version of Point that you're currently running: · Point 5.4 · Point 5.3 Early in September, Calyx plans to release a patch for Point 6.0 that will keep Point users compliant in the states of Washington and Florida. We will notify you as soon as that patch becomes available. |