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As of July 2nd, Point users can now access and run real-time loan searches
through Brokerbuddy's incomparable system directly from inside Point.
Brokerbuddy has established itself as in industry leader by providing
time-tested accuracy, an unmatched ease of use, and a wide array of available
lenders and products, featuring Prime, Alt-A, and Non -Prime
pre-qualifications in just seconds, along with up-to-the-minute rates, commissions,
and all applicable adjustments.
According to Dennis Boggs, Senior Vice President of Business Development at
Calyx Software, "Calyx is very pleased to welcome Brokerbuddy into our
new Product & Pricing category. Brokerbuddy's reputation for accuracy and
ease of use, as well as their product offerings will be a terrific match for
our customers, many of whom have requested Brokerbuddy directly."
Learn more
On July 2, 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 July 2, when Point 5.2, 5.3, and 5.4 users 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.
Menu Changes
Additions to each menu include:
Lenders Menu
· Amnet's name is changing to Vertice
· Argent Mortgage Company
· Moncor Wholesale
Services Menu — Credit
· Calmaya Credit
· CBY Systems, Inc.
· Credit Facts Services
· North Florida Credit Bureau
Services Menu — Flood
· LandSafe Flood
Services Menu — Title
· Chicago Title (Freedomline Escrow)
· Transcontinental Title Co.
Interfaces Menu — Credit
· Certified Credit Link, Inc.
· Certified Credit Reporting, Inc.
· Funding Suite
Interfaces Menu — Product and Pricing
· Optimal Blue
· BrokerBuddy (see related story above)
Interfaces Menu — Title/Escrow
· Snapclose Pro
Discontinued interfaces include:
· 1st Choice Appraisal by National Lender Solutions
· Allied Home Mortgage — Alliance Assistance
· CBA Information Solutions — eLynk
· CBC Companies
· Credit Infonet
· Dart Appraisal
· Info1-LandAmerica
· Mega Loan Officer Machine
· New Century Mortgage
· Percentage Corporation
· Score Advisor
· The Ponce Group
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Why wait on RESPA Reform? Get exact Closing, Title, and Recordation fees for
your Good Faith Estimate now.
All around the country, mortgage lenders are paying out huge amounts in
consumer restitution and penalties as a direct result of record numbers of
consumer complaints submitted to state regulators. Complaints concerning
errors made in connection with the issuance by a Lender of the Good Faith
Estimate (GFE) have consistently been among the top ten of these consumer
complaints. While many of the complaints arise out of actions taken by
individual loan officers without the knowledge of the company’s owners or
compliance officers, as a result of the fact that the license is held in the
name of the owners, those owners are ultimately responsible.
First Title & Escrow and Calyx have the solution.
First Title & Escrow, Inc., a Rockville, Maryland-based title and closing
services company, has the solution. They have teamed up with Calyx and
created an interface that transmits exact title and closing fees right into
the Calyx LOS in seconds. Stephen Papermaster, President of First Title
states, "Partnering with one of the mortgage industry's leading LOS
providers advances our goal of providing originators with accurate title fee
data instantly at origination. With HUD's push to mandate precisely accurate
cost disclosures in connection with its proposed ‘GFE Model,' our clients'
utilization of the data will not simply be a value-add, but an absolute
necessity within their procedures when making disclosures. The Calyx Point LOS
will now contain a pre-HUD with perfect and exact closing fees, title fees and
recordation fees.”
You can access First Title & Escrow directly in Point from the Services
> Title Reports menu. To read this story in its entirety, please click here.
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See what's new in Point 6.0.
Calyx plans to ship Point 6.0, free of charge, to all current Point
subscribers in August. Highlights of the new features include:
Banker Screens — The new Banker
screens provide the additional functionality required to make Point the
perfect recording and reporting system for mortgage banking.
AVM Ordering — Automated Valuation
Model (AVM) reports can be ordered right from Point. Results are incorporated
into your loan file instantly.
Marketing Tools — Create custom
letters, promotional emails, and mailing labels instantly. Microsoft Word
2000 (or later) required.
Reports — Point report data can be
easily transferred to Microsoft Excel, enabling you to take advantage of
Excel’s powerful data analysis and charting capabilities. Sample templates
are included to demonstrate the power and ease of using Point Reports with
Excel.
Repeat Loans — Creating a new loan
for an existing customer is now as easy as checking a box. Simply open the
customer’s previous loan file and check “Carry over only 1003 data to start a
new loan.” Point will copy only information contained on the Loan Application
and omit any information that does not apply to the new loan.
Advanced Search — Advanced Search
has been enhanced to make searching for loan files across multiple data
folders much quicker and easier than in previous versions of Point.
Since Calyx plans to release Point 6.0 in August, we ask for your assistance
in making sure that we have your latest contact information, especially your
shipping address, on file. To update your company information, open Point and
follow these steps:
· Go to Utilities > Company Defaults > Company Information.
· Enter your information.
· Click the link titled, "Have you moved recently?".
· If you choose to update your information through the Internet, fill in the
screen and your updated information will be sent to Calyx.
· If you prefer to update your information by phone, please contact Calyx at
(800) 362-2599 or you can email us by clicking here.
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Looking for an alternative to picking up the phone for your
technical support question? Calyx Software provides an online chat window
that can quickly evolve into a remote connection by the technician to your PC
(if required). The chat session allows you to type your question in, freeing
your phone line for business. If the support technician needs a more in-depth
look at your PC, the session can easily turn into remote assistance, which
gives the technician the ability to navigate your screens, while you still
maintain ultimate control of your PC. To take advantage, go to www.calyxsupport.com
and scroll to the “Live Help” section on the bottom left of the page.
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