Calyx Software has announced the newest offering within the Calyx Decisioning Systems suite of products. LoanScoreCard provides competitively priced FHA Total Scorecard access directly through Point, as well as through other loan origination systems (LOS). The Calyx Decisioning Systems is a suite of automated underwriting and pricing products designed to help you determine a loan’s eligibility and pricing within investor or Federal Housing Administration (FHA) guidelines. Fully integrated with Point, the decisioning system saves time, reduces cost, and improves the quality of each loan’s eligibility decision with a complete analysis of borrower’s loan and credit information against multiple standard or custom programs.
”We are proud to announce LoanScoreCard, the first universal access to FHA TOTAL Scorecard, for everyone in the mortgage industry," said Dennis Boggs, EVP of business development for Calyx Software. "The beauty of LoanScoreCard is that it offers improved, user-friendly findings, and saves money on underwriting at the same time. Everyone can access to LoanScoreCard no matter what loan origination system they’re using. And if they are Calyx users they can access LoanScoreCard from inside Point.”
LoanScoreCard is a U.S. Department of Housing & Urban Development (HUD)-approved automated underwriting system (AUS) that determines a loan’s eligibility for FHA insurance. We provide a detailed FHA Findings Report with decision from TOTAL and LoanScoreCard underwriting, along with set of HUD-approved messaging. LoanScoreCard is available via Calyx Point, standalone Web access, or Web services.
LoanScoreCard is one of few programs approved by HUD for TOTAL Scorecard and it offers the same user-friendliness with which Calyx products have always been credited. Calyx users can order their low-cost findings directly through Point and store them in the electronic document management system for transparent access at any time.
