The market leader.
According to a 2010 study conducted by Access Mortgage Research & Consulting, 72.5% of mortgage brokers reported using Calyx Point as their preferred loan origination platform. A market leader for mortgage lenders as well, Calyx proudly supports 36% of community banks, credit unions, and mortgage bankers with Point and PointCentral products.
Press Releases
More Mortgage Professionals Trust Calyx Software
October 12, 2010
Calyx Software®, the preferred mortgage solution provider for banks, credit unions, mortgage bankers and brokers, announced today they are still the preferred vendor for brokers in the United States and a decided leader among mortgage lenders. Access Mortgage Research & Consulting, who has been providing extensive mortgage industry studies since 1991, first reported Calyx Software as a strong front-runner in 2000 with a 50% share of the market—a number that has only increased over the years. Today, Calyx dominates the loan origination market with a platform that customers find easy to use with the functionality they need for compliance and efficiency.
Of the mortgage brokers surveyed, 72.5% of them reported using Calyx Point as their loan origination software and 70.1% of them reported using Calyx Point for underwriting. The 2010 study was completed with 1634 responding loan originators separated into two groups: mortgage brokers and mortgage lenders. Of those 1634, only 1034 responses were deemed viable during the study. Of those deemed viable, 724 were considered mortgage brokers and 310 were considered mortgage lenders..
As Calyx has made great strides into developing and improving functionality of their banking screens and their interfaces with premier vendors, more lenders have taken notice. While Calyx does not have the majority of the market share in this market, at 36% of the market, Calyx comes in second place by only 1.4%. The results for the mortgage lender market—the fact that Calyx has over 1/3 of the market that consists of mortgage bankers, credit unions, and banks—is highly significant as providing solutions to the these customer groups has been a focus for Calyx in recent product updates, including the soon-to-be- released PointCentral 7.3..
“We are pleased to see that our efforts and quick response to our customers’ needs have indeed shown such a significant impact in market share among brokers and lenders,” said Jody Collup, director of marketing for Calyx Software. “We are proud of our customers who have demonstrated such resiliency and strength through the turmoil in the industry and as we prepare for our upcoming release, we appreciate their continued trust is us.”.
Calyx Software launches Point & PointCentral 7.3 on October 28 with a focus on compliance efficiency. More detailed product information can be found at www.calyxsoftware.com. .
For more information on the 2010 Mortgage Origination Studies, visit http://www.accessmrc.com.
Calyx Software, the #1 provider of mortgage solutions for banks, credit unions, mortgage bankers and brokers, is dedicated to offering reliable and affordable software that streamlines, integrates and optimizes all phases of the loan process. PointCentral is a flexible platform that combines the full functionality of a complete LOS with remote access and a strong business rules engine needed for workflow and compliance. Point offers advanced technology that simplifies loan processing and enables seamless integration with online applications using WebCaster, back office systems using Point SDK and with over 200 vendors and service providers within the Calyx Network. For more information, call (800) 362-2599 or visit www.calyxsoftware.com.
