Point® 7.3 Coming Soon!
Point 7.3 is scheduled to arrive as promised in October! This is the release you have been asking for. While Point has always been designed for efficiency in loan origination and processing, we've taken it a step further with 7.3 to make compliance more efficient than ever.
This release includes an easy-to-use Fees Worksheet that feeds other forms, so you never have to question where your fees should go in final documents. In addition to an intuitive GFE and Fees Worksheet, 7.3 also includes a HUD-1 and additional forms and features along with a robust, integrated Closing Docs interface as well as a Document Organization screen that allows you to set stacking orders.
Point 7.3 will only be deployed electronically via MyCalyx™
If you have already converted your account to our new online account management portal, you will be the first to receive this release when it becomes available.
Not on MyCalyx yet? Call your account representative at 800.362.2599 to get started on the road to convenient online account management. It's a simple, efficient way to manage your Calyx account and it costs you nothing to convert! Call now to ensure you receive Point 7.3!
"One-Click" Servicing
If you think that servicing your loans is too expensive or complicated, check out Servicing Solution, LLC (S2). S2 enables PointCentral™ users to service loans simply and affordably - with flexible service levels and an easy-to-use desktop application. Visit our S2 page for more information or call 800.362.2599 to speak to your Calyx sales representative.
|
|
 |
Why Flagstar?
In the ever-changing environment of mortgage banking, Flagstar takes pride in accommodating the specific needs of each customer. At Flagstar, we understand that you need every available advantage to stay ahead of the competition. This is why we provide multiple technology options to meet your needs to register, lock, underwrite, close, fund, and deliver your loans.
One of these technology options is the Calyx Lender in Point Interface, which enables Calyx users to import loan data to Flagstar Bank. In addition to directly connecting Calyx customers to Flagstar's Loantrac system, the Lender in Point Interface enables them to export 1003 data changes, AUS findings and credit from Loantrac back into the Calyx file.
More >>
How Short Sale and Foreclosure Affect Your Credit Score
It's no surprise that in this economy both banks and individuals are being confronted with hard times. Due to this instability, banks are becoming stricter and trying to find ways to compensate for lost revenue. According to Michael C. Gray, a CPA in California, this includes increasing interest rates and converting amortization of principal for interest only loans. Because of this, many homeowners are falling too far behind and have to make the choice of whether to "walk away" and allow foreclosure or to try sell.
If a foreclosure or short sale is filed there are two important things to know about how it will affect your credit report. Both short sale and foreclosure are derogatory items that will remain on your credit report for seven years. The main difference is that if a home is foreclosed on it will report as "foreclosed" whereas a short sale may read "settled" or "charge off" thus carrying a lighter penalty to the credit score. Due to new Fannie Mae rules wording may be crucial. The automated underwriting system may see the word "foreclosure" and automatically reject a loan.
More >>
|
|
|
|
|
Getting Started With MyCalyx
Calyx Software is now deploying our software in a much more efficient manner, via e-deployment method on our MyCalyx website. Since we know many of our customers are familiar with the old method of deployment (via CD), we've created a Knowledge Base article to help ease the transition. Simply click here to access. This article is a supplement to the vast information and videos available at the MyCalyx Help Center. For additional support, please visit the MyCalyx Help Center which features FAQ's and Video Demos.
|
|
|
|
|
Calyx Update
We added a new interface to your Point menu! This applies only to users of Point 7.0 (and higher), who opened Point while connected to the Internet on or after July 1st. The interface installation is automatic.
New to Services Menu
North American Title Company (California) - Title/Escrow
Be sure to look for this new interface!
|
|
|
|
