Calyx’s Point 9.0 SP2: Making Your Regulatory Compliance Easier

January 13, 2014

Jack HollidayAs compliance and regulatory requirements top everyone’s 2014 list of action items, Calyx has released Point® 9.0 SP2 to help your company work smarter and more efficiently. Our new Point 9.0 SP2 is now available to your MyCalyx Administrator. Point 9.0 SP2 highlights include:

  • Added a Homeownership Counseling Disclosure feature to help you comply with new HOEPA rules for Disclosure and Management of Home Ownership Counseling
  • Updated the following forms: 4506, 4506 T, W-9 and added the Social Security Number Verification screen used to complete the SSA-89 form
  • Added the QM Finding and the QM Date and Time fields to the Borrower Information screen
  • Changed the MI Factor field label on the Banker > Fees & Impounds screen to PMI/MIP/VA/USDA

Point 9.0 SP2 offers more features, functionality and updates to screens, forms and calculations to help you process loans quicker and more accurately while staying compliant (see release notes).

If you have questions please call our Customer Suppo
rt Group at 800.342.2599 Monday-Friday 8:00 a.m. to 6:00 p.m. CST or email


You can’t be too prepared…

August 13, 2013
BJ Bounds

BJ Bounds

This coming January 10 is not just another cold day in January.  This day, the effective date of the Ability-to-Repay/Qualified Mortgage (QM) rule, can potentially change the way every mortgage professional does business.  QM is not just about GSEs; if you’re selling a loan after January10, it must be QM and it should be Safe-Harbor.

You’ll need your system and processes in place to ensure you know what a QM looks like and that your loans are—and will be—QM.  Are you ready?

 You can be.

With Point 9.0, just released last week, we have provided Calyx clients with the tools they need to assure QM and Safe-Harbor.  The QM button, located at the bottom of several Point screens, can produce a QM Findings Report in seconds with QM determinations as well as Safe Harbor/Rebuttable Presumption determinations.

Each findings report documents QM Points and Fees, QM Qual Rate and DTI, and provides detailed QM messaging.  Reports can be run multiple times throughout the loan process to ensure compliance at every step.  Each report—clearly user and date stamped—is stored in Point’s document management system so that you retain evidence of compliance for the required 3 years and defend your files in audits, buybacks or lawsuits.

 Don’t wait to find out if you’re prepared for the QM rule.  Get Point 9.0 today and start testing your files for QM status. Call 800-362-2599.

Point 9.0 is now available!

August 8, 2013
BJ Bounds

BJ Bounds

We’re excited about this latest release and we’re sure you will be too.  With 9.0, we’re making it easy to comply with the Consumer Finance Protection Bureau’s QM rule that goes into effect on January 10.

Now is the time to learn how your company is doing so you don’t find out at the last minute that your loans are not going to qualify.

At the bottom of your Point screens, you’ll find a QM button that provides findings that detail how the loan file complies with QM requirements based on current available data.

The findings report not only determines whether a file is considered a QM, it also provides pass/fail assessments on the individual QM requirements as well as a detailed analysis and relevant messaging.

You can run a QM findings report multiple times and each report is saved separately in Point’s document management system—perfect for auditing purposes. You won’t find a QM solution like this anywhere else!

Here are just a few more of the highlights you’ll find in Point 9.0

  • Visual enhancements to the Anti-Disclosure screen and Self-Employed Income Analysis give you symmetry with the printed versions
  • NMLS License Number fields have been reconfigured to support unique identifier methods using both alpha and numeric characters
  • Multiple down payment fields enable comprehensive tracking of payment sources
  • Multiple calculation improvements to several screens provide consistency and accuracy throughout the platform

For a complete list of updates and enhancements, see the release notes found on our What’s New page.  While you’re there, check out the sample QM findings report!

Need to update your account?  Call your account manager today at 800-362-2599 to get Point 9.0!

Get 9.0 in two days!

August 6, 2013
BJ Bounds

BJ Bounds

Point 9.0 is being released in just two days!  MyCalyx admins can push 9.0 to users when it becomes available on August 8.

We’ve stepped up to the plate for CFPB’s QM compliance for you.  With 9.0. you can learn in seconds whether your loan is considered QM or not—and why.  It’s not rocket science with Point’s exclusive QM button.

The QM button renders a findings report based on available data and gives you the information you need to proceed with each loan.  You won’t find this functionality anywhere else.

Point 9.0 is also packed with other updates to screens and calculations.  Call your account manager at 800-362-2599 to make sure you’re current and look for 9.0 soon!

Are you ready for January 10th?

July 16, 2013
BJ Bounds

BJ Bounds

The CFPB issued its final ruling on the Ability to Repay/Qualified Mortgage rule at the end of May.  While the rule has been amended to address some concerns, a lot of questions still remain.  One thing hasn’t changed, however, and that’s the effective date of January 10th, 2014.

If you haven’t kept up with the regulatory changes, you can see the final rule for details or read the latest press release. The Ability-to-Repay rule established basic requirements that protect consumers from taking on loans they cannot afford. Lenders comply with the Ability-to-Repay rule by ensuring that each loan is a “Qualified Mortgage” (QM) which meets the particular requirements specified by the CFPB.

That means you have to know all the parameters and evaluate each of your loans to determine whether they meet the QM standards…or do you?

When Point 9.0 is released in just a few short weeks, you’ll be able to see just what Calyx is doing to help you with QM compliance.  We’re ready for 2014 and we’re going to make sure you’re ready, too. 

 Keep following us here to learn more details about Point 9.0’s solution to QM compliance.

You’ll need to make sure your account is current to 9.0 when it launches in August.  Call your account manager today at 800-362-2599 so that you don’t’ miss this stand-out release.

Where are you with your HMDA report?

February 20, 2013
BJ Bounds

BJ Bounds

Your HMDA report for 2012 is due in 7 business days.  Do you have all your data ready?

Point® makes it easy to product and submit your report but you need to have your loan data in the right place to ensure it exports accurately through the FHA interface found within your software.

Do you know have unmarried co-borrowers for the reporting period?  If so, there are additional steps you may need to take.  Visit our Knowledge Base article to find out for sure if you will be affected.  If you find you have unmarried co-borrower files in your HMDA report, call our dedicated HMDA support line at 866-302-2599.

More information on HMDA and the FFIEC can be found on the FAQ page.

Help with Point: ULDD missing fields

January 10, 2013
BJ Bounds

BJ Bounds

If you are submitting your ULDD files to Freddie Mac, you may have received evaluation errors for missing fields.

This is because some of the fields required by Freddie Mac are not in Point.  Those fields must be completed manually in the Selling System’s website before the loans are sold to Freddie Mac.

If you have received the evaluations error message, chances are you are missing one or more of the fields listed below that are not found in Point.


  • Collateral Properties Financed Unit Count
  • Party Role Identifier

Project Design Type dropdown list

  • “Other” is not available as a dropdown list item
  • “Other Description” is not available for a description

Property Valuation Method dropdown list

  • “Other” is not available as a dropdown list item
  • “Other Description” is not available for a description.

AVM Model Name Type dropdown list

  • “Other” is not available as a dropdown list item
  • “Other Description” is not available for a description.

Values that do not export

  • Home Equity Combined LTV Ratio Percent (HCLTV)
  • Loan Role Type


  • Combined LTV: expected to round to the nearest whole number but Point does not round the Combined LTV ratio when exporting the file to Freddie Mac ULDD
  • Base LTV Ratio: expected to round to the nearest whole number but Point does not round the LTV ratio when exporting the file to Freddie Mac ULDD.

Character limitations

  • Project Name field in Point is limited to 24 characters but the Freddie Mac Selling System allows for more than 24 characters.

If you have any questions about the fields in the ULDD , you can get more details in our Knowledge Base article.