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CalyxSoftware News
December 2016
 
 
What a Year… And What is Coming Next?
If 2016 taught us anything, it is to expect the unexpected.
 
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Bob Dougherty, Vice President of Business Development
What a Year… And What is Coming Next?
If 2016 taught us anything, it is to expect the unexpected.
Find Out More

Stay in the Know - Point 9.4, SP1 and Updates to Freddie Mac’s Loan Product Advisor Are Here
Learn about what’s new with Point - Freddie Mac’s LPA, SP1 and the webinar recording.
Find Out More

Help Whenever You Need It!
Information is at your fingertips 24/7 in the Knowledge Base. Check out our new and updated articles to keep your business moving.
Find Out More

Congratulations to 2016 HW Vanguard Awards Winner Ben Wu!
Much hard work and dedication have led to many achievements including a 2016 Housing Wire Vanguard Award. Congratulations Ben!
Find Out More

Prepare for the New Year
There is no adequate substitution for preparation. Hit the ground running in 2017.
Find Out More

#GivingTuesday Update
Thank you Tara Quin for your outstanding submission for #GivingTuesday, Heifer International!
Find Out More

Holiday Hours
Happy Holidays from our family to yours!
Find Out More

 
 
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Bob Dougherty, Vice President of Business Development
What a Year… And What is Coming Next?
By Bob Dougherty, Vice President of Business Development

If 2016 taught us anything, it is to expect the unexpected. How else would you categorize a year when Brexit passed, the Chicago Cubs won the World Series, and the Pokémon Go phenomenon spurred new and “seasoned” enthusiasts into the hunt.

With all of the unexpected developments, the markets and our industry ended the year on a very strong note. After the election, the Dow Jones Industrial Average rose 5.4 percent—the best weekly performance in nearly five years. Meanwhile the mortgage market turned in a strong 2016, helped by an unexpected continuation of the refinance wave.

At year end, the S&P CoreLogic Case-Shiller HPI was nearing the peak set in 2006 before the market crash and unemployment was at its lowest level since 2007.

What will next year bring? The MBA is forecasting $1.10 trillion in purchase mortgage originations for 2017, an 11 percent increase from 2016 and the best year for purchase volume since 2007. On the half-empty side of the equation, most economists expect refinances to trend downward as interest rates rise.

In 2017, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limit purchased by Fannie Mae and Freddie Mac to $424,100 from $417,000 (the level set back in 2006). The New Year will also usher in a new administration with a new stance towards business and regulations, which most observers believe will be a net positive for banks and lenders.

How can you take advantage of these new opportunities? Begin by ensuring your company is ready to make the transition from a refi to a purchase environment. Is your sales team proactively building relationships with referral sources and advising first-time buyers? Does your consumer-direct channel offer informative tools such as rent versus own calculations to engage applicants who do their homework before applying for a mortgage loan? Finally, how efficient are your systems with loan file management across multiple branch operations?

As a Calyx® customer, you have the power to do all this with Calyx. If you haven’t yet used these tools, we are more than happy to show you. In 2017, we will continue to partner with you and select, high-quality vendors to provide the best solutions for your business.

Cheers to the end of 2016 and the start of 2017—may it be the best year yet!

Point 9.4, SP1 and Updates to Freddie Mac’s Loan Product Advisor Are Here

If you haven't done so already, we recommend logging in to MyCalyx® to download Point 9.4, Service Pack 1 (SP1) today.  

The new release features updates and enhancements to:
  • 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

If you missed our live webinar, view the recording of Point 9.4, Service Pack 1 Overview online.

In addition, the December Interface update has been completed. This update enables new functionality for Freddie Mac’s Loan Product Advisor (LPA), including:

  • The Property screen (under menu eLoanFile > Property) contains new fields in the “Appraisal and Valuation” section to cover more appraisal form types for LPA.  The new fields are supported in the LPA interface.
  • The “Doc File Identifier” field (from menu Banker > Shipping) is supported by the LPA interface.  This is the Appraisal Identifier from the UCDP system.
  • When viewing documents in Point (from menu Interfaces > Freddie Mac > Loan Product Advisor), the documents have the same appearance and layout as those on the LPA website.

The interface update occurs automatically for users with the latest Point version (Point 9.4, SP1) and an Internet connection.

If your computer does not perform the interface update automatically, you can initiate the update manually by using the following steps:

  • From the Help menu Select Check for Updates > Update Interfaces
  • Restart Point

Additional questions or concerns? Feel free to contact Calyx® Support for help with Point 9.4 SP1, or any Calyx product, at 800.342.2599.

Help Whenever You Need It!

Our Knowledge Base (KB) was designed to answer your questions and give you the information you need to streamline your business workflow.

Below are some of our popular and recently-updated KB articles:

Check out our Knowledge Base 24/7 for a full library of informative articles.

Reach us by phone at 800.342.2599 or email:
General Support: calyxsupport@calyxsoftware.com
Loan Support: loansupport@calyxsoftware.com
Point Support: calyxsupport@calyxsoftware.com
PointCentral Technical Support: pointcentralsupport@calyxsoftware.com
WebCaster® and INK-it®: webcastersupport@calyxsoftware.com

 

Congratulations to 2016 HW Vanguard Awards Winner Ben Wu!

We are pleased to share the news that Ben Wu, Executive Director of LoanScorecard, a subsidiary of Calyx Technology,  was named one of 2016’s HW Vanguard Awards™ winners. Wu is a founding member of CalyxSoftware and was instrumental in the conception and creation of many Calyx core products, including Point for Windows and PointCentral.

The second annual HW Vanguard Awards list recognizes 40 housing industry leaders who have achieved success and impacted not only their individual organizations, but also the entire industry.

According to HousingWire:

"As the executive director at LoanScorecard, Ben Wu regularly works with clients to assess their current and future needs, helping them apply the latest technology to their credit decision process, to increase reach, mitigate risk, and broaden credit availability."

"Throughout the past year, as the non-agency market has made a comeback, Wu and his team at Irvine, California-based LoanScorecard have seen a great deal of success with Custom AUS, their non-agency automated underwriting engine…"

"Wu’s work within the industry as a leader moves the mortgage technology market forward because he doesn’t subscribe to the idea of ‘technology for technology’s sake.’ His goal is to develop technological solutions with a strong foundation that can be built on and last for years."

See the complete story.

Prepare for the New Year

Invest to build your business in 2017. Our Professional Services Group (PSG) helps improve your efficiency and productivity by setting up business rules, creating templates, maximizing Point performance in your environment, and training (or retraining) your personnel. PSG consultants are ready and able to come to your location or provide you with personalized consultations by phone.

To find out more or to schedule a PSG consultation, contact your account manager at 800.362.2599.

#GivingTuesday Update

We’re pleased to announce the #GivingTuesday contest winner is Tara Quinn. Tara nominated Heifer International, a charity organization working to end hunger and poverty around the world by providing livestock and training to struggling communities.

We made a donation to Heifer International and Tara received a $25 Starbucks gift card to show our appreciation for her suggestion.

Want to be involved in our social media contests in 2017?

Follow us on social media

twitter.com/CalyxSoftware
www.facebook.com/CalyxSoftware/
www.linkedin.com/company/Calyx-Software

Holiday Hours

Our offices will be closed Monday, January 2.

We wish you and yours a very happy holiday and look forward to continuing our partnership in the New Year!

 

 
 
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Phone: +1 (800) 342-2599