Flagstar Bank Goes Paperless
Paperless File Manager from Flagstar
Calyx Software is pleased to announce that Flagstar Bank, the first lender to integrate its interface into Point, now offers its Paperless File Manager to all Point users. Not only can you submit your loan file to Flagstar with just a couple of clicks in Point, but with Flagstar's recent innovation, you can email or fax other documents associated with that loan as either PDF or TIFF files. Flagstar's Paperless File Manager imaging system will enable you to immediately see all the documents that are viewable within your specific loan file in Flagstar's Loantrac origination system.
Benefits of Working with Flagstar Bank
Flagstar continuously delivers efficiencies that enable its customers to originate, process, close, and fund more loans in less time. Using the Flagstar interface in Point provides wholesale customers with direct access to Flagstar’s Loantrac origination system via a custom landing page, where users can Price Quote or perform full Import to access loan registration, AUS, document upload, credit re-issue, email alerts, flood certifications, closing doc prep and funding requests. In addition, loan data, credit and findings can be exported back to Point once you have completed your work in Loantrac.
Accessing the Flagstar Bank Interface
• Open the existing loan file in Point
• Using the Point menu, select Lenders > Flagstar Bank > wholesale.flagstar.com
• Click Launch wholesale.flagstar.com
Credit Service Company Joins the Calyx Network
Calyx Software is pleased to welcome Credit Service Company (CSC) into the Calyx Network. One of the oldest and most experienced credit reporting agencies in the nation, CSC has been providing services to the mortgage professional since 1963 and is committed to providing the tools necessary to give you a cutting edge advantage. The versatility of their product; stability of their certified, secure system; simplicity of use; and strong knowledgeable customer support offers you the opportunity to streamline your processing time to meet maximum efficiency.
CSC has a powerful, easy way to Rapid Restore your clients with their Rapid Resolve Update Tool. You can give your client a confident solution with their built-in Credit Analyzer and What-If Simulator that can inform you on how to increase credit scores with a simple action plan and step-by-step instructions to accomplish meeting your target score.
CSC's mortgage credit reports and products are accepted throughout our industry, including Fannie Mae Desktop Originator® and Desktop Underwriter, Freddie Mac Loan Prospector®; and they interface with most national lenders' automated underwriting engines for re-issues. They can be
found under the Services > Credit Reports menu in Point.
AFI Resources Speeds Up Fraud Prevention
AFI Resources, Inc. has updated its web-based income verification solution, www.e-taxrecords.com, to arm its clients with critical personal and/or corporate, fraud-preventing data—typically within 24 hours. Their faster turnaround time, a significant reduction from the two-week period usually required for receiving W2s and corporate records, empowers clients to include seven different forms to their pre-funding quality control processes or any backend quality control audit.
"We are enthusiastic with this latest expansion of our income verification offerings to include W2s, 1099, 1120 corporate returns, and 1065 partnerships forms. Response from our existing and new clients has been extremely positive," stated David Munoz, CEO for AFI Resources, Inc.
Point users can access AFI Resources in the application by clicking Interfaces > Fraud Detection > AFI Resources | Verification Specialist.
How to Email Loan Files in Point 6.0b Without Error
If you've received an error (Point Email Error: User Cancelled Process) when emailing a loan file in Point 6.0b, don't worry — there's a quick solution to the problem. Because the error is caused by a compatibility problem with Google Desktop, the problem can be eliminated by either uninstalling or disabling Google Desktop. Step-by-step instructions for both solutions are available in the Calyx Knowledge Base. Simply click the link below to view the steps.
View Step-by-Step Instructions
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