Calyx software implements new FHA loan document s in Point 6.2MortgagePress.comloan origination, processing software, FHA, underwriting
Calyx Software, a provider of loan origination and processing
software, announced the release of Point version 6.2. The latest
version of the Point application is fully compliant with recent FHA
changes that include the new forms required for all FHA loans
beginning October 1, 2008.
Point 6.2 features the new FHA Loan Underwriting and Transmittal
Summary form as well as the FHA HUD/VA 92900 addendum form. The FHA
Loan Underwriting and Transmittal Summary form replaces both the
FHA Mortgage Credit Analysis Worksheet Purchase Money Mortgages
(MCAW) (HUD-92900-PUR) and FHA Mortgage Credit Analysis Worksheet
(HUD-92900-WS). The FHA HUD/VA 92900 Addendum has also been updated
with mandatory changes including signature lines for co-borrowers
and new required verbiage. The new forms enable Point users to
process an FHA loan more efficiently through Point. Users can
easily print and send documents directly to the lender in a timely
Point 6.2 also includes newly updated California Mortgage Loan
Disclosure Statement for Traditional and Non-Traditional loans that
was approved by the California DRE on August 15. The latest version
also marks the return of the one-page legal sized Good Faith
Estimate. The summary section at the bottom of the form has been
enhanced. All charges are now aligned on the left and all credits
on the right, making it easier for borrowers to understand the
terms and closing costs associated with their loan.
"Our goal is to ensure that Point consistently remains the
product of choice in the mortgage industry," said Dennis Boggs,
senior vice president of Calyx Software. "The addition of the
updated FHA regulatory documents to version 6.2 keeps Calyx
Software in the leading role of providing easy-to-use loan
origination software for FHA loan originators."
For more information, call (800) 362-2599 or visit the company's
Web site at www.calyxsoftware.com.