Skip to main content

PCV Murcor Integrates With Calyx on Appraisal Compliance
Jul 02, 2014

PCV Murcor announced that it will begin offering compliant appraisals through Calyx Software’s Point loan origination system.

PCV Murcor announced that it will begin offering compliant appraisals through Calyx Software’s Point loan origination system. Integrating the two systems enables Calyx Point users to quickly and securely order and track appraisals from PCV Murcor through the existing Calyx Point interface. The availability of this service will increase efficiency by simplifying the ordering and delivery process while helping lenders of all sizes to obtain the highest levels of valuation compliance. In addition, lenders will no longer need to re-enter appraisal request information and can review order status 24/7. Calyx Point is a recognized, industry-leading loan origination service used by over 70 percent of mortgage brokers and an estimated 36 percent of community banks, credit unions and mortgage bankers. Focused on rigorous appraisal compliance, PCV Murcor has built one of the largest national networks of real estate appraisers. The company’s appraisal management process is driven by a proprietary technology platform that selects appraisers by both market and product competency and proven by past performance. Once submitted to PCV Murcor by the appraiser, all valuations are subject to an automated validation process, including business rule verification checks and additional manual reviews. Upon delivery, lenders receive a compliant, defensible and verified appraisal. “With the MBA’s loan origination volume projections lowered again and the operational challenges lenders face in quickly originating quality loans, every process that can be simplified is valuable. This integration will further enable PCV Murcor to assist lenders by streamlining the ordering process and helping assure that the loans being originated have compliant value-certainty and defensibility,” said Tim Scherf, COO of PCV Murcor. “Calyx is a recognized and respected leader in loan origination software. Their commitment to maintaining a regulatory-compliant system makes this integration an ideal fit for us both, given PCV Murcor’s commitment to providing compliant, high-quality appraisals.”
Jul 02, 2014
Fitch Places Fannie, Freddie On Negative Ratings Watch

Ties credit rating to outcome of U.S. debt limit negotiations.

FHFA Director Strongly Defends New GSE Pricing Framework 

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.

MBA CEO Criticizes Government Response To Economic Challenges

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Freddie Mac Updates Income Assessment Tool To Use Digital Pay Stubs

Says new capability helps lenders calculate borrower income more quickly and precisely.

MISMO Seeks Comment On Updated Closing Instructions Format

The new set of enhanced work products designed to create a common format for closing instructions. 

Fannie Mae Executes 5th Credit Insurance Risk Transfer Of 2023

Covered loan pool includes about 53,000 single-family mortgage loans with a UPB of approximately $18.1 billion.