SOURCE: Calyx Software

Calyx Software

August 13, 2015 11:27 ET

Early Preparation Allows Calyx to Deliver TRID-Ready PointCentral Version 9.2

Total Solution Offers Lenders Integrated Tools, Convenience and Accuracy

DALLAS, TX--(Marketwired - August 13, 2015) - Calyx Software®, a leading provider of innovative mortgage software solutions for banks, credit unions, mortgage bankers, and wholesale and correspondent lenders and brokers, announced the release of PointCentral® Version 9.2 today. With this new version, mortgage lenders using PointCentral can originate loans and deliver TRID-compliant Loan Estimates and Closing Disclosures immediately. With integrated access to essential loan origination tools, and both new and enhanced calculation features, PointCentral 9.2 delivers additional functionality and TRID-compliant results to lenders in plenty of time for the extended October 3 deadline.

PointCentral Version 9.2 automates the new Loan Estimate and Closing Disclosure forms and includes several new functions like simple interest calculation, Down Payment Assistance (DPA) functionality, zero percent interest calculation, principal reduction and much more. By collecting input from customer advisory groups, and conducting extensive testing, Calyx has improved not only the calculation areas but the overall user experience.

Doug Chang, President of Calyx, said, "Because we've been in the industry more than 25 years, Calyx has weathered many regulatory changes. Based on our experience, we understood it was imperative to have the new TRID-compliant Loan Estimate and Closing Disclosure in our customers' hands as quickly as possible. That's why we released a Point version with the new Loan Estimate and Closing Disclosure in May. Although moving the TRID effective date from August 1 to October 3 was beneficial to the industry overall, our customers did not need to rely on the extension because we offered them the opportunity to prepare for TRID well in advance."

As a total solution, PointCentral 9.2 provides customers with vital tools to manage compliance with a configurable rules engine, lock and confirm data with a pricing and underwriting engine, connect seamlessly to more than 200 top mortgage service providers, and have questions answered quickly with free, unlimited live support.

"Getting an early start was certainly key to getting PointCentral 9.2 TRID-ready well in advance of the deadline. We think lenders are really going to enjoy using the enhanced solution PointCentral 9.2 delivers," said Dennis Boggs Executive Vice President of Business Development.

About Calyx Software

Calyx Software is a provider of mortgage software solutions for banks, credit unions, mortgage bankers, and wholesale and correspondent lenders and brokers. Dedicated to offering reliable, innovative software, Calyx helps streamline, integrate and optimize all phases of the loan process. PointCentral®, our flexible platform, uses the full functionality of Point® combined with remote access and a strong business rules engine needed for workflow and compliance. Point, the leading LOS, simplifies loan processing and integrates seamlessly with other Calyx products that include:

  • INK-it™ -- an easy-to-use, secure electronic signature product
  • Verifyde -- HMDA/NMLS Call Reporting
  • WebCaster® -- a do-it-yourself professional website solution

Pace TRID provides lenders, wholesalers and correspondents the forms needed to create compliant Loan Estimates and Closing Disclosures. With over 200 service providers in the Calyx Network, lenders never have to leave their LOS.

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