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On November 5, 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 November 5, when users of Point 5.2 or higher 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 — Title
· Resource Real Estate Services, LLC.
· Land Title
· Title One, Inc.
Lenders Menu — Commercial Lenders
· Silver Hill Financial
Interfaces Menu — Credit
· CSC Credit Services
Interfaces Menu — Fraud Detection
· DataVerify
· LoanShield
Interfaces Menu — Internet Services
· PitchPoint Solutions
Interfaces Menu — Product and Pricing
· Mortech Inc.
Interfaces Menu — Title/Escrow
· Alamo Title
· Chicago Title Company
· Closing Market
· Commonwealth Land Title Company
· Fidelity National Title
· Gateway Title Company
· Lawyers Title Company
· Reliant Closing Solutions
· Security Union Title Insurance Company
· Southland Title Company
· Ticor Title
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Silver Hill Financial® — the First Commercial Lender Integrated into Point.
Calyx Software is pleased to announce Silver Hill Financial as the first commercial lender integrated into the Calyx Network. The addition of Silver Hill Financial, a leading national real estate lender specializing in small-balance commercial loans, enables residential mortgage brokers to more easily transition into small commercial lending through the convenience of Calyx’s Point loan origination system (LOS) software.
Silver Hill offers an innovative debt-to-income (DTI) underwriting approach to small-balance commercial loans from $100,000 to $1.5 million. The program factors in the borrower’s personal financial background and credit score, in addition to the property’s value, when evaluating the ability to repay the loan; this flexible approach eliminates minimum debt-service requirements and many of the hassles associated with traditional commercial lending. Through Silver Hill’s program, mortgage professionals can expand their business and earn incremental income by offering financing on a wide range of property types including multifamily, mixed-use, office, retail and many others. In addition, the nationwide lender offers free in-depth training and marketing support.
On November 5, 2007, Silver Hill Financial will be integrated into Calyx Point’s lender category, which provides loan officers with secure and reliable electronic connections to lenders connected to The Calyx Network. Connected lenders benefit from improved quality control, easier exchange of data with originators, and a streamlined method for ensuring originators possess updated information on their company’s products.
About Silver Hill Financial, LLC
Headquartered in Miami with regional offices throughout the country, Silver Hill Financial is a nationwide commercial real estate lender that offers financing to borrowers through a network of mortgage brokers and correspondents. Silver Hill pioneered a flexible debt-to-income underwriting approach for loans from $100,000 to $1.5 million, providing an unmatched advantage to consider the borrower's DTI and the property's debt-service coverage. For more information on Silver Hill Financial, visit www.silverhillfinancial.com or call (888) 988-8843.
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“Silver Hill is thrilled to work with a leading company like Calyx on this significant milestone. As the first commercial lender to be integrated with Calyx, Silver Hill renews its commitment to innovation and continuous improvement in small-balance commercial lending. We strive to ease mortgage professionals’ transition into commercial, and Calyx’s platform now enables that for brokers.”
Joanna Schwartz, Managing Director of Silver Hill Financial
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MBA Reception Thanks
Calyx would like to thank everyone who attended our elegant reception at the JFK Library during the MBA Annual conference in Boston on Oct. 15th. We would especially like to thank our cosponsors for the reception, including First American CREDCO, NYLX, INC., eStyle Software, Expertivity, and DocuPrep.
Support Tech Tip of the Month:
The Calyx Knowledge Base is an excellent source for getting information on a variety of Point topics. You can get there by clicking on the KB link: http://kb.calyxsupport.com/kb/.
Recently, a common question asked of the Calyx support group is, “How do I create a new data folder using Point Administrator?” If this is something you’ve been trying to figure out how to do, or you think that you may soon want to create a new data folder, find all of the details on how to do this at http://kb.calyxsupport.com/kb/article.php?id=375.
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Point 6.0b Update Coming Later This Month
Calyx is currently in the process of creating a downloadable update for Point 6.0 that will add the new California MLDS (RE-885) for non-traditional loans, and update some recently modified Federal and State disclosures. We will notify all Point customers with the details about the update and provide download instructions for it as soon as it becomes available.
Attention Argent Customers!
During the November I-Update, Calyx will amend its Lenders menu and Argent will now be accessed under the name “Citi Residential Lending,” Argent’s new owner.
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