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LodeStar Software Solutions has announced an integration with Point, a Loan Origination Software (LOS) solution from CalyxSoftware. The new LodeStar Integration gives Calyx Point users access to state-of-the-art resources without ever leaving their LOS.
Point users can seamlessly and securely generate a quote from LodeStar’s Loan Estimate calculator without duplicating any data entry. A quote is instantly returned to Point in the proper format including settlement fees, title insurance premiums, municipal recording charges and transfer taxes for any location in the country.
Point clients are able to set up any of their settlement service providers’ fees in the system or work with LodeStar’s national network of settlement agents.
“We are very excited to work with Calyx,” said Jim Paolino, chief executive officer and founder of LodeStar. “This integration will give their lender clients greater access to settlement service fee data helping automate what is currently a manual process of filling out the Loan Estimate and Closing Disclosure. Instead of having to wait days for title agents to send back their fees, lenders can populate them within seconds right into Point.”
"We’re pleased to be integrated with an innovative partner like LodeStar," said Dennis Boggs, vice president of Business Development at Calyx Software. "This partnership will not only give our customers access to LodeStar’s network of settlement service provider data, but will also accelerate the loan estimate process, eliminate the need for duplicate data entry and reduce the risk of non-compliance with TRID.”