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.
Calyx Software®, the preferred mortgage solution provider for banks, credit unions, mortgage bankers and brokers, announced today the release of Point® and PointCentral® 7.3. Point combines the latest technology with the functionality that mortgage professionals require for loan marketing, prequalification, origination, and processing. PointCentral’s server platform unites Point with business rules, remote access, and consolidated data storage. Version 7.3 simplifies compliance for users with intuitive fees worksheets and synchronization of important data and includes support for users utilizing terminal services.
Point 7.3 offers updated compliance requirements including improved GFE and TIL screens along with a new HUD1 screen and form. The GFE Provider List has been enhanced to print either with or without fees shown. Point 7.3 also allows users to copy fees from either the Fees Worksheet or the Fees & Impounds screen into initial or final disclosure forms, either as a group or individually. This feature gives Point users greater flexibility in a more functional, yet easier, disclosure process. Point has also been improved to facilitate document management throughout the loan process with document stacking and packaging capabilities.
The enhancements to the server-based PointCentral 7.3 are also dedicated to compliance and flexibility. With 14 pre-built and customizable compliance rules, PointCentral gives users the ability to implement compliance policies that best suit their company procedures. A new action-based rule for printing allows administrators to control printing by user or user group.
“7.3 was developed out of a need to make compliance easier for our users with the functionality they need to manage their business processes” said Doug Chang, president of Calyx Software. “As regulations grow more numerous and complicated, we listen to our users and respond as quickly as possible with products that make a positive difference for them.”
Point and PointCentral 7.3 are being deployed electronically via MyCalyx.com. For more information on these and other products of Calyx Software, visit www.calyxsoftware.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.