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Calyx Software Mortgage Loan Origination News
March 2017
 
 
Keeping up with all the changes is challenging. Helping you comply with all of the new mortgage regulations is of utmost importance.
 
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Bob Dougherty, Vice President of Business Development
Updates on HMDA, the URLA, and How Calyx Is Preparing
As you are aware, our industry is preparing for another significant round of regulatory changes. Please allow us to update you on our progress.
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Coming Soon: Mandatory System Update for Point, PointCentral and CoreLogic Credco Users
This month, we will be releasing Point®/PointCentral® Version 9.5. The new releases contain two critical system updates.
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Calyx Named One of the 2017 HW Tech100 Winners
On March 1, HousingWire named Calyx one of its Tech100 winners.
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Dennis Boggs Named One of the MPA Hot 100 2017
Please join us in congratulating our EVP of Business Development, Dennis Boggs.
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Upcoming Events
Don’t forget to drop by our booth at these upcoming industry events!
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Bob Dougherty, Vice President of Business Development
Updates on HMDA, the URLA, and How Calyx Is Preparing
By Bob Dougherty, Vice President of Business Development

As I sat down to write this letter, I recalled a breaking-news alert appeared in my inbox, saying President Trump signed an executive order to overhaul the Dodd-Frank Wall Street Reform Act. It struck me as another reminder - no matter who is in charge, regulations for the mortgage industry is evolving and often in flux.

Adding to the challenge of staying abreast with these changes is the reality more than one entity is often involved in the rule-making, and modification or delays in one area can impact another. The redesigned Uniform Residential Loan Application (URLA) is a great example.

Our industry initially expected the new URLA would take effect January 1, 2018. Fannie Mae and Freddie Mac (the GSEs) are reassessing the effective date. In an update issued on November 1, 2016, the GSEs said, "In response to industry inquiries, we are providing clarification on the 'effective date' for the redesigned URLA. The GSEs have republished all URLA forms with an updated footer that states, ‘Not for Current Use' as opposed to the previous statement, 'Effective 1/2018.' As a reminder, the redesigned URLA should not be used until the GSEs establish final effective and mandate dates."

Of course, knowing the effective date of the redesigned URLA will have an impact on how information is reported under the Home Mortgage Disclosure Act (HMDA), which requires 25 new data points to be reported to the CFPB beginning in 2018.

Keeping up with all the changes is challenging. At Calyx, helping you comply with all of the new mortgage regulations is of utmost importance. We are currently updating our solutions based on the redesigned URLA guidelines. This update will be included in an upcoming Point® version targeted for a mid-2017 release. In addition, we will offer webinars and live training to provide you with more information and help you transition through these changes.

You can always contact us regarding our plans concerning the upcoming changes. Be sure to check for updates on our Support Messages page.  

Coming Soon: Mandatory System Update for Point, PointCentral and CoreLogic Credco Users

This month, we will be releasing Point®/PointCentral® Version 9.5. The new release contains two critical system updates:

  1. Calyx Resolver Service SSL wildcard certificate in PointCentral. The current certificate expires on April 9, 2017. After this date, without the version 9.5 update, system errors will occur and PointCentral access will be denied. To ensure uninterrupted PointCentral access, you must install this update by April 9, 2017.
  2. CoreLogic Credco platform connections. To continue to order credit from Credco, it is imperative to install the 9.5 update by March 31, 2017.

If you have any questions about these updates, contact:

CoreLogic Credco Technical Support at 800.423.1150 for Credco related questions. Calyx Support at 800.342.2599 for all other concerns.

Calyx Named One of the 2017 HW Tech100 Winners

On March 1, HousingWire named Calyx one of its Tech100 winners. The list recognizes the 100 most innovative companies in housing. We’re honored to be included on the list (again) and to provide “technology to optimize all phases of the loan process.” For our complete profile on HW Tech100, click here.

 

Dennis Boggs Named One of the MPA Hot 100 2017


Please join us in congratulating our EVP of Business Development, Dennis Boggs, on being named one of Mortgage Professional America’s Hot 100 for a second consecutive year. Dennis was recognized for being “influential in the progression and evolution of Calyx’s product lines, and in forging business relationships.” For the complete article, click here.

 

 

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Upcoming Events

ICBA Community Banking LIVE 2017
March 15-19, 2017 | Grand Hyatt San Antonio | San Antonio, TX

NAMB East 2017
March 16-18, 2017 | Omni Atlanta Hotel at CNN Center | Atlanta, GA

MBA of NJ Annual Regional Conference of MBAs
March 19-23, 2017 | Harrah's Resort Waterfront Conference Center | Atlantic City, NJ

MBA National Technology In Mortgage Banking Conference & Expo
March 26-29, 2017 | Hyatt Regency Chicago | Chicago, IL

ABA Real Estate Lending Conference
March 29-31, 2017 | Hyatt Regency Orlando | Orlando, FL

 
 
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Phone: +1 (800) 342-2599