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CalyxSoftware News
November 2016
 
 
Giving Thanks for 25 Years!
 
Find Out More
 

Giving Thanks for 25 Years
Let us express our sincere appreciation as we celebrate our silver anniversary.
Find Out More

Point 9.4, SP1 Is Almost Here… Get Ready with One of Our Upcoming Webinars
We are excited to announce we will release Point® Version 9.4, Service Pack 1 (SP1) this week. Find out what’s in the release.
Find Out More

It’s Time to Prep - Homeowners’ Association Dues Update in Point 9.4, SP1
Get ready for the new hard-coded Homeowner’s Association Dues fee name in Point 9.4, SP1.
Find Out More

More Good Things to Come in December - Freddie Mac Loan Product Advisor
New functionality for Freddie Mac’s Loan Product Advisor (LPA) coming.
Find Out More

Check Out a Creative Alternative for More Pricing Options
Find out about non-traditional lending offer by All Credit Considered Mortgage.
Find Out More

Have you wondered, "What is PathSoftware?"
PathSoftware is the newest division of Calyx Technology our new and our cloud-based LOS.
Find Out More

Give Back on #GivingTuesday
Forget Black Friday and Cyber Monday.
Help us select a charity to support.
Find Out More

Calyx in the News
Ben Wu and Howard Schneider discuss how mortgage origination systems have become multipurpose systems.
Find Out More

Meet Lender Price, the Newest Member of the Calyx Network
Mortgage product pricing & eligibility engine (PPE) with advanced business intelligence by Lender Price.
Find Out More

The End (of the Year) Is Near… So Use Your Budget Before You Lose It!
Why not prepare for the new year with hands-on training…
Find Out More
Join the Calyx Family!
We have great opportunities waiting for outstanding individuals.
Find Out More
Holiday Hours
It’s holiday season!
Find Out More
 
 
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Special Events and Webinars
 
 

Giving Thanks for 25 Years

This month, we celebrate our silver anniversary. Since this is November and Thanksgiving Day is right around the corner, I want to express my gratitude to everyone who has been an integral part of Calyx’s longevity and success.

When we introduced Point in 1991, loan origination software (LOS) was a relatively new concept and most loan originators were still using word processors or typewriters with preprinted, carbon-backed forms to originate loans.

Fast forward 25 years, and we now offer two LOS products (one self-hosted and one cloud-based), as well as a custom AUS and PPE through our subsidiary LoanScorecard. Our personnel has grown 250%, and we continue to offer one of the leading LOS products in the mortgage industry.

So thank you to our clients for your loyalty and trust. Thank you to our employees for your dedication and hard work. Thank you to our partners for helping make our customers’ experience with our software as simple as it can be. It’s been an amazing 25 years…and we’re just beginning!

Sincerely,

Doug Chang
CEO

Point 9.4, SP1 Is Almost Here… Get Ready with One of Our Upcoming Webinars

We are excited to announce we will release Point® Version 9.4, Service Pack 1 (SP1) this week. The new release will feature the following updates and enhancements:

  • Loan Application and Fees Worksheet—synchronized housing expenses
  • Fees Worksheet—added a third user-defined fee line
  • Homeowner’s Association Dues—added a dedicated fee line to the Fees Worksheet
  • Initial Escrow Account Setup and Escrow Account Disclosure—updated for HOA and user-defined fees
  • Agent List—added one-time broker and lender copy from company defaults
  • Anti-Steering Disclosure—activated risky loan certification
  • Loan Estimate—set No as the default rate lock setting and added Rate Lock Period and Sales Price fields
  • Flood Hazard Determination—revised the form in preparation for new FEMA requirements
  • Tax Information (1098)—updated calculations to reflect the final Closing Costs Worksheet values
  • FHA Transmittal Summary—added FHA Case Number Assignment Date to MISMO export

To help you prepare for the release, we are presenting What’s New in Point Version 9.4, SP1 webinars on Tuesday, November 22 and Wednesday, November 23, to provide an overview of the changes and how they work in Point. Register for one of the webinars.

If you are not able to attend, an archive of the webinar will be available November 23.

For additional help with Point 9.4, SP1, call us at 800-342-2599 or email calyxsupport@calyxsoftware.com.

It’s Time to Prep - Homeowners’ Association Dues Update in Point 9.4 SP1

Get ready for the new, hard-coded Homeowner’s Association Dues fee in Point 9.4 SP1. We are adding a dedicated Homeowners’ Assoc. Dues fee in section G, Initial Escrow Payment at Closing, on both the Fees Worksheet and Closing Costs Worksheet.

To avoid problems with inconsistent fee names after you install Point Version 9.4, SP1, we recommend you proactively apply the hard-coded HOA field name to your loans beginning now.

To ensure consistent HOA fee naming after SP1 is installed, apply the following fee name, exactly as shown including the punctuation and abbreviation, as your user-defined HOA fee name before disclosing the Loan Estimate:
Homeowners’ Assoc. Dues

If you do not apply the fee name exactly as shown or you anticipate an inconsistency between the Loan Estimate and Closing Disclosure, options to remedy the inconsistency after-the-fact could require that you postpone installing SP1 or redisclose the Loan Estimate. Refer to CFPB Clerical error rule 1026.19 (f) (2)( iV) for more information.

More Good Things to Come in December -
Freddie Mac Loan Product Advisor

Get ready! We will enable new functionality for Freddie Mac’s Loan Product Advisor (LPA) users in early December. 

The new functions include:

  • New fields in the Appraisal and Valuation section on the Property screen (eLoanFile > Property). The new fields offer more appraisal form types and are supported in the LPA interface.
  • The Doc File Identifier field (Banker > Shipping) is now supported by the LPA interface. This field is the appraisal identifier from the UCDP system.
  • The document view in Point (Interfaces > Freddie Mac > Loan Product Advisor) will have the same appearance and layout as on the LPA website.

To receive this update you must be on the latest version, Point 9.4, SP1.

Don’t Miss Out on Our “Advancing Your Business” Webinar

Did you know there are vital features in Point that help make your business run more efficiently and securely—all while ensuring compliance?

Join us for one of four webinars on Tuesday, November 15, to learn how you can:

  • Increase data security
  • Centralize data for more comprehensive reporting
  • Trigger essential employee responses using customized action-based rules
  • Track actions with audit trails
  • Avoid Fair Lending issues with automated underwriting and pricing
  • Standardize files with global templates 
  • Increase production utilizing automation
Bankers are welcome to join us
at 9:00AM CT or 2:00PM CT.
Register
Brokers are welcome to join us
at 11:00AM CT or 4:00PM CT.
Register

Check Out a Creative Alternative for More Pricing Options

Since 1999, All Credit Considered Mortgage (ACC) has offered non-traditional lending without interruption. ACC has a unique blend of specialty programs including No-Income, Foreign Income, ITIN, and low credit score products for a wide range of potential borrowers.

In 2014, ACC was certified by the US Treasury as a CDFI (Community Development Financial Institution). Recently, ACC Mortgage developed ROAR (Right Opportunity American REIT), a mortgage REIT, to further support access to unique and non-bank funding.

To access ACC's offerings in Point, go to Interfaces > Product and Pricing, select ACC Mortgage, Inc., and click Launch.

 

Have You Wondered, “What is PathSoftware?”

PathSoftware™, the newest division of Calyx Technology, Inc., is a unique, highly-structured, end-to-end loan origination software (LOS) with flexible, yet precisely configured workflows, to maximize visibility and productivity in a single, integrated platform for multiple business channels. What sets Path apart from any other LOS in the industry is that it is completely data driven, not form-driven. Borrower and property data is collected in Path and the information is used to populate forms, making adapting to and complying with new regulations like TRID, smooth and efficient.

To find out how Path can help transform the way you originate loans, visit www.pathsoftware.com or contact us at sales@pathsoftware.com or 866.302.2599 to schedule a demo.

Give Back on #GivingTuesday

Forget Black Friday and Cyber Monday! We are all about Giving Tuesday!

Tweet @CalyxSoftware with #GivingTuesday and tell us the name of your favorite charity by Monday, November 28. We’ll hold a raffle on Tuesday, November 29 (i.e., Giving Tuesday) to select one charity to donate to…and for the lucky tweeter who nominated the selected charity, we will give you a $25 Starbucks gift card to show our appreciation of your time and suggestion.

Already following us on social media?
twitter.com/CalyxSoftware
www.facebook.com/CalyxSoftware/
www.linkedin.com/company/Calyx-Software

Calyx in the News

Ben Wu, our Executive Director of Technology, recently sat down with Independent Banker’s Howard Schneider to discuss how mortgage origination systems have become multipurpose systems for his article Evolutionary Automation. Read the complete story in the November issue of Independent Banker.

Meet Lender Price, the Newest Member of the Calyx Network

Lender Price is a dynamic mortgage product pricing and eligibility engine (PPE) with advanced business intelligence and analytics. Its versatility allows correspondent lenders, banks and credit unions to manage product pricing for all mortgage types (conforming, non-conforming, non-QM, and specialty loans). Lender Price combines innovative features (e.g., built-in compliance checks, capital market tools, margin management, lock desk, customized workflows) with full mobile functionality to empower its users with a powerful tool to price in real time.

You can find the newest member of the Calyx Network on the Interfaces menu: Interfaces > Product & Pricing > Lender Price

Is your favorite vendor is missing from the Calyx Network Interfaces or Services menu? Let us know by calling 800.952.9609 or emailing Vicki Stover.

The End (of the Year) Is Near… So Use Your Budget Before You Lose It!

Still have budget left for 2016? Why not prepare for the new year with hands-on training and configuration to help improve efficiency and productivity? Our Professional Services Group (PSG) is available to help you set up business rules, create templates, maximize performance of Point in your environment, and train your staff. PSG staff members are ready and able to come to your location or provide personalized consultations online via webinar.

You can even pay now before the year-end and schedule configuration and training in 2017. To learn more about the services PSG offers or to schedule a PSG consultation, contact your account manager at 800.362.2599.

Join the Calyx Family!

We have great opportunities waiting for outstanding individuals.

  • Director of Marketing: develop, establish, and maintain marketing strategies and campaigns to meet organizational objectives whether in driving new sales opportunities or driving active usage of existing and future products.
  • Communications Specialist: act as a conduit between customers and internal functional departments.
  • Professional Services Consultant:  assist banks, credit unions, brokers, correspondent lenders and other financial institutions with their Calyx systems and internal consumer mortgage loans and lending processes.

Find more information, including responsibilities, qualifications, skills and benefits on our careers page.

Holiday Hours - Our offices will be closed:
Thursday, November 24    |    Friday, November 25    |    Monday, December 26    |    Monday, January 2
We wish you and yours a very happy and healthy Thanksgiving!
 
CalyxSoftware
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3500 Maple Ave, Suite 500, Dallas, TX 75219
www.CalyxSoftware.com | sales@CalyxSoftware.com
Phone: +1 (800) 342-2599