Take the Headache Out of GFE Disclosures

In today's regulated mortgage lending environment, creating accurate Good Faith Estimates (GFE) for loan applicants can be a real headache for lenders. The threat of RESPA tolerance violations combined with the need to improve efficiencies and control costs have required lenders to find better ways to manage GFE disclosures.

With ClosingCorp, Calyx Point^® users can seamlessly access theSmartGFE^® service to generate accurate closing cost data for Blocks 3-8 - all in a matter of seconds. The SmartGFE service removes the time-consuming burden of managing templates and tables, effectively accommodates your existing workflows, and automatically incorporates existing loan file data, property data, lender-specific rules, proprietary algorithms, and rates of preferred vendors. The system monitors recording fee and transfer tax changes, and automatically sends you re-disclosure alerts so you can avoid unexpected tolerance violations and cures. The SmartGFE service was designed with RESPA tolerance in mind, and it provides a complete audit trail as well as a Compliance Guarantee for every loan file.

If you're looking for just the right prescription to eliminate your GFE disclosure headaches, look no further than the SmartGFE service. You can find it within the Compliance section of Calyx Point. To start using the SmartGFE service, contact your Calyx representative today.

Appraisal Firewall-Point Interface Enhanced with New Features to Deliver Better Control Over Your Appraisals

The Appraisal Firewall connection that many of you use through your Point software has been enhanced with new features! You can now order and store multiple appraisal products on a single Point loan file: the original appraisal, plus a second appraisal product or a Re-inspection. Using this feature gives you more control over your appraisal process, adds efficiency by eliminating the need to re-key property information and reduces your operating costs.

Appraisal Firewall is a secure, web-based real estate appraisal ordering solution that lets you self-manage your appraisal process. Our interface with Point increases the speed of Loan Production and Underwriting while helping you comply with all appraisal regulations - including the Dodd-Frank appraisal rules.

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Access a Appraisal Firewall directly through Point

Closing Market and Calyx Point: The Integration That Levels the Playing

In today's real estate market, more and more of the large banks and lending institutions are requiring title companies be an integrated partner in order to do business. In order to keep up, and most certainly if you want to be competitive in this market, lenders nationwide are being forced to do the same. However, custom integrations can be costly and complicated.

Did you know that you have an advantage today that can level this competitive playing field and put you in the same league as the big banks? As a mortgage professional using Calyx Point, you have a direct connection to any title company by using RamQuest's title production solution through your Closing Market connection. This connection opens the door for you to communicate and exchange data securely and seamlessly with thousands of title professionals nationwide. And, best of all, you can do this without the cost of a custom integration.

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Access RamQuest directly through Point

ULDD: What is it and how do I get the information from Point to comply?

We're getting a number of calls at Calyx from customers asking a derivative of that exact question. Your best source for answering the first part of the question (What is it?) can be found at one of the GSE's websites for Fannie Mae information or Freddie Mac information. However, the Calyx Knowledge Base is the best place to go, to find out how to get the information out of Point. Specifically, article 0748 explains how to create a file for Fannie Mae, Freddie Mac or a combined file.

Experience what WebCaster^® can do for you!

Designed to specifically work with Point and PointCentral^®, WebCaster lets you be anywhere, at anytime and still provide outstanding service to your clients 24/7. We invite you to see what WebCaster can do for you by promoting your business through a professional website or a plug-in solution. If you are a current user, take a tour of the new features and functionality of the software.

The new 60-minute webinar titled, "Calyx WebCaster Overview" will provide you with a guided tour of WebCaster - explore flexible loan application formats, Point-compatible loan applications and loan status reports. Additionally, this class will cover eDisclosure, document tracking, Google Analytics and other valuable features.

To register for the new class
click here.

2012 Mortgage Technology Top 50 Service Providers.

Calyx is proud to annouce it has been recognized as one of the 2012 Mortgage Technology Top 50 Service Providers!