Calyx Software December 2013

Taking Their Business to the Next Level: Plaza Home Mortgage Inc. Becomes Lender in Point, Implements LoanScoreCard QM Solution

Plaza Home Mortgage Inc., a full-service wholesale and correspondent lender, is now a lender in Calyx Point®. Plaza will also be implementing LoanScoreCard’s QM solution into PULSE, Plaza’s broker/correspondent portal.

For Point users, there is no longer a need to manually export a FNMA 3.2 file to submit a loan to Plaza. When launched from Point’s Lender menu, the Plaza website will automatically bring in the full 1003 and fees worksheet from the currently open Point file. Plaza has taken this extra step to help streamline the origination process, save time and reduce possibilities for error.

On December 5, Plaza will roll-out LoanScoreCard QM Findings into their workflow, enabling their brokers and correspondents to assess QM compliance prior to submitting the loan, automatically incorporating Plaza’s live pricing, LO compensation plan and starting adjusted rate.

Julie Manson, Plaza’s senior vice president of risk management says, “We’re excited to introduce the LoanScoreCard QM Findings Report through our loan origination system. A simple upload or entry of fees will allow our clients to evaluate whether the points and fees pass the QM test. This resource will help our brokers and correspondents confidently originate loans in this ever changing environment.”

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Process Loans Faster: Integrating the Best of Mortech and Calyx

Working Smarter
Mortech® and Calyx have created an easier way to define borrower eligibility while finding the best pricing data. Users can compare multiple loan scenarios simultaneously using Mortech’s Marksman®, and they can calculate potential revenues with detailed profit tables — all without leaving the loan file in Point.

Maximizing Efficiencies
Utilizing these dynamic functionalities enables Marksman to automatically populate the data needed to find eligible products with real-time pricing. This time-saving benefit reduces re-keying mistakes in Point once the chosen product and price are selected. The detailed profit tables allow users to calculate potential revenues while maximizing efficiencies.   >>More>>

Access Mortech directly through Point

 

NCS’ TRV Services Integrates with Calyx Software: Driving More Business While Streamlining for a More Cost-Effective, Efficient Workflow

Helping Lenders Close More Loans – Efficiently
Point users now have access to NCS’s TRV® Services for tax return transcript products. TRV Services is a unique offering in the marketplace providing concise ability-to-repay insight through customizable reports based on data obtained directly from the IRS.

The integration with Point allows users to take full advantage of TRV Services’ 4506-T form processing while enabling time-saving QC and acceptance rates up to 96% — far above the industry average..

Point Delivers Big On Results
“We’ve already had positive response to TRV Services from users of Calyx Point,” said Curtis R. Knuth, NCS’ executive vice president, “and we’re looking forward to introducing them to other NCS products and services that will help them meet compliance requirements, minimize risk and close more loans.”  >>More>>

Access NCS' TRV Services directly through Point

Important Changes to MI Calculations and Point 9.0 SP1

Point 9.0 SP1 contains important changes to automatic calculations affecting Up-Front Mortgage Insurance for FHA loans, Up-Front Private Mortgage Insurance for conventional loans, the Funding Fee for VA loans and the Guarantee Fee for USDA loans.

We have created Knowledge Base article #0868 that explains how to accurately record these amounts. Point 9.0 SP1 can only be pushed to you by your MyCalyx® Administrator. If you have additional questions, please contact Calyx Support at support@calyxsoftware.com or 800.342.2599, option 1.

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    New Service Providers in Point

    Last month Calyx welcomed FirstClose to six categories in the Interfaces Menu in Point. FirstClose can be found under:

    • Appraisals
    • Bundled Services
    • Closing Docs
    • Credit Reporting
    • Fraud Detection
    • Verification Services

    This update applies only to users of Point 8.0 and higher who opened Point while connected to the Internet on or after November 4. The interface installation is automatic. Take a moment to check out the newest provider in Point.

    Calyx Events

    MBA's Independent Mortgage Bankers Conference
    December 4-6, 2013
    Intercontinental Miami
    Miami, FL

    Contact Calyx

    Sales

    Mortgage Brokers

    800-362-2599 | Send Email

    Mortgage Bankers

    877-862-2599 | Send Email

    Live Point Demonstration

    800-362-2599 | Sign Up

    Support

    800-342-2599 | Send Email

    Training

    Calyx Training Center

    800-362-2599 (toll free)
    214-252-5650 (fax)
    Send Email

    Holiday Hours

    Calyx offices will be closed November 28 & 29 in celebration of the Thanksgiving holiday. We will re-open for regular business hours Monday, December 2. As always, the Calyx Knowledge Base is available 24/7 for your support.

    Happy Thanksgiving!