Calyx Software has announced the release of Point and PointCentral 7.2. Point, combining the latest technology with the functionality that mortgage professionals require for loan marketing, prequalification, origination, and processing. PointCentral unites Point with business rules, remote access, and consolidated data storage. Version 7.2 offers compliance updates and increased functionality and flexibility for traditional originating and loan processing, as well as mortgage banking processes.
Point 7.2 complies with Real Estate Settlement Procedures Act (RESPA) regulations that require loan originators to include a provider list with the new standardized Good Faith Estimate (GFE) statement effective Jan. 1, 2010. Additionally, in order to comply with the latest Fannie Mae mandate, Point 7.2 includes the new Transmittal Summary Form 1008 that is required for all loans taken on or after Jan. 1, 2010 and the new Application Form 1003 that is required for all loans taken on or after July 1, 2010. With improved document storage, automatic co-borrower synchronization, and closing document interface enhancements, mortgage loan processing is even faster and more efficient.
Version 7.2 also offers enhanced banking screens to provide greater functionality and effectiveness. Customers will see remarkable improvements in the screens for Fees & Impounds, Warehouse/Funding, Shipping, Trailing Documents and Product & Pricing Interfaces. The Audit Trail feature, which allows the tracking of all field level and document management changes on a per loan basis, is only available in the PointCentral upgrade.
“We do everything we can to make sure our customers remain in compliance while responding to their requests for enhancements,” said Doug Chang, president of Calyx Software. “Offering our customers a broader mortgage solution that fulfills all of their needs allows them greater flexibility with room to grow.”
For more information, visit www.calyxsoftware.com.