DALLAS, TX., August 16, 2021 – Calyx®, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers, announced today that Oaktree Funding, a leading wholesaler, has become a participating lender in Calyx Point®.
Calyx Point is the dominant loan origination system (LOS) of choice among mortgage brokers. Brokers can connect with a participating lender directly from their LOS to search eligible loan programs prior to loan submission.
Oaktree Funding offers a wide range of mortgage products, including extremely competitive non-QM and non-agency programs: for example, low-document bank statement and investor loans with limits as high as $4 million.
Kristopher Martin, CO-CEO at Oaktree, said: “As the refinance market contracts, brokers will need new products, like non-QM, to replace the volume. Becoming a participating lender on Point will connect Oaktree with the thousands of brokers using this LOS, showcasing our non-QM programs and giving brokers easy access to new sources of business.”
“We are extremely pleased to welcome Oaktree to Point,” said Michele Parson, Senior Marketing Manager at Calyx. “The process is easier for originators by enabling them to connect with multiple wholesalers and seamlessly determine eligibility on a loan file without leaving their Calyx LOS.”
About Oaktree Funding
Founded in 1989, Oaktree Funding Corporation is a multi-state licensed Mortgage Banker offering a wide variety of home loan products and services. Oaktree Funding is currently approved with several government agencies allowing for an even further breadth of product availability. Oaktree is HUD-approved to offer FHA and Reverse Mortgages, USDA approved for their Loan Guarantee Program, VA approved to proudly offer loans to our Veterans, and Oaktree has numerous investor relationships.
Calyx® is an established provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders, and brokerages nationwide. The company’s easy-to-use technology, including its online borrower interview, loan origination systems, and secure electronic signature software, is designed to streamline, integrate and optimize all phases of the loan process for customers of various sizes, workflows, channels, and complexities. Combined with its extensive network of integrated partners, Calyx products deliver a true digital mortgage solution that maximizes profitability and enhances the customer experience. For more information, call (800) 362-2599 or visit www.calyxsoftware.com.