The market leader.
According to a 2006 study conducted by Wholesale Access, 67.9% of mortgage brokers and direct lenders use Point, a figure greater than all other mortgage automation applications combined.
Press Releases
Qvault, Inc. Announces Nationwide Release of Status Sweep for Calyx Point
December 2, 2003
Qvault today announces nationwide support of Status Sweep for Calyx Point loan origination software. Status Sweep is a collaboration tool that allows Calyx Point originators to web enable their existing Point software without hardware or software changes. Key features of Status Sweep include online pipeline management, automatic email notifications of loan activity to borrowers and partners and customized interfaces for staff and borrowers to view loan information and collaborate online from any web browser.
“Managing internal communication while supporting strong relationships with borrowers and value chain partners is what Status Sweep® is all about” said Rob Cecil, managing partner at Qvault. “Just keep using your existing Point loan origination software as you always have but now you can push vital need-to-know information to the very parties that need-to-know, automatically, 24 x 7” added Mr. Cecil. Current subscribers to the system have issued very positive remarks as well…”Aside from Point, Status Sweep is the single most important tool we have managing the back-bone of our operations” remarked Ervin Kowitz of Premier Financial Company in Baltimore, Maryland. “We are 1000% satisfied.”
What is unique about Status Sweep is how it works with existing Calyx Point loan origination software. Status Sweep ‘sweeps’ active borrower files on an hourly basis then securely posts this information on customized websites for management, loan officers and processors to view critical information in a very user friendly interface. Likewise, borrowers can log into the system and view detailed information about their loan including conditions pending and other key data. While management will find the online pipeline management features indispensable, the system also provides automatic email notifications to all parties when key changes take place in Point.
Status Sweep is a patent pending ASP model. There is no hardware or software to purchase and the solution is priced for any size brokerage to take immediate advantage of its communication power.
"Qvault's Status Sweep is a valuable addition to the long line of mortgage products that work well with Point. Calyx's openness in it's use of technology encourages creative vendors like Qvault to build products that add value to Point, thus increasing the effectiveness and profitability of mortgage professionals," said Dennis Boggs, Vice President of Business Development, Calyx Software.
