January 13, 2014
As 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 firstname.lastname@example.org.
December 4, 2013
Calyx Software has over 200 vendors available in Point. Today we announce the addition of two new vendors – AVANTUS IRS Direct and RexHub-Real Estate Exchange Hub.
AVANTUS IRS Direct offers IRS transcripts with e-signature capability which automates the entire 4506-T process directly from Point. AVANTUS IRS Direct allows you to verify up to four years of previous income and receive your tax transcripts in 24 to 48 hours. They can be located in Point at Services > Verifications > AVANTUS IRS Direct.
RexHub-Real Estate Exchange Hub is a software solutions provider for real estate appraisal management. RexHub-Real Estate Exchange Hub was created by compiling feedback from industry players to determine what the industry desired and needed. They can be located in Point at Interfaces > Appraisals > RexHub Real Estate Exchange Web.
Take a moment to explore the newest vendors in Point!
October 3, 2013
Moving forward with Qualified Mortgage (QM) compliance preparation, Calyx is getting you ready for 2014 with screen and calculation updates required for QM compliance.
• “Comparable Par Rate” field has been added to the Fees Worksheet
• “Affiliate” has been added as an option to the “Paid to” dropdown list
Additional updates to screens and calculations have been included in this service pack to make processing loans more efficient and accurate.
• Fees Worksheet
• Good Faith Estimate
• Loan Application
• HUD 1
If you have questions please call our Customer Support Group at 800-342-2599 Monday – Friday 8am – 6pm or email email@example.com.
September 19, 2013
If you’re on Point 9.0, you’re getting there. With the new “QM button” you can run a QM determination on your loans in seconds.
With that determination, you will instantly know the QM type and the liability protection level based on the available loan data. You also get Points & Fees assessments with all fees detailed and explained as well as the QM Qual Rate. And perhaps the best part? You get comprehensive evidence of compliance with every report you run—and you’ll want to run a report at each stage of the loan process.
If you know now if you’re producing QM loans, the January 10th deadline will be just another day for you. Get your business in shape before the end of the year and you’ll be ahead of your competition.
If you need to update your Point loan origination software to Version 9.0, call your account manager today at 800-362-2599.
September 6, 2013
WebCaster has been updated!
Here are the highlights of WebCaster 3.1:
- Payment field display: This new field displays a checkbox and monthly payment field in the Rate Sheet section of the product edit page to enable display of monthly payments on WebCaster’s product pages
- My Account Page: Hyperlinked directions for third party email services have been disabled and removed from the borrower login screen to meet compliance mandates
- CNAME change: The setup configuration for custom domains is changing from an “A-Record” IP address to a CNAME URL (secure.web-loans.com) to allow greater flexibility
For more information, visit the What’s New in Webcaster page or KB article #0840.
If you have questions, please contact our WebCaster Customer Support Group at 800-342-2599 during our normal business hours, Monday – Friday 8am – 6pm Central or email firstname.lastname@example.org..
August 30, 2013
Monday is Labor Day and we’re taking the day off!
If you are going to be working, whether you have to go in or just work from home, you can still et assistance from our Knowledge Base articles. We’ve created a ton of articles on almost any topic related to your Calyx software—with screen shots and step-by-step instructions where necessary.
You can also do a search on this blog using one of the search boxes on the bottom right side of your screen. Sometimes I’ll post an article on a more popular help topic. If you have a question or concern, it’s likely others do too, and we’ve covered it.
You can also take the opportunity to play around with the QM button in Point 9.0. If you haven’t seen it yet, you should—you’ll love it. The QM button appears at the bottom of your open file screens. For Point users, the QM findings report is now included in your current Point 9.0 subscription, but it will be available to everybody in September! Visit the What’s New page to see an example of the report or call 800-362-2599 to find out how to get it.
Find out now if your loans are going to be QM when the rule goes into effect on January 10. Nobody is exempt from this QM rule so don’t wait until January to find out where you stand.
Have a very Happy Labor Day!
August 22, 2013
Since we released Point 9.0, we have fielded questions from many of you regarding the separate TIL forms for each borrower and we wanted to explain the reasoning behind the change. We have done this for compliance regarding the e-Signature—which is coming soon.
With ink signatures, the signatures of each borrower are distinguishable. However, with e-Signature, the signatures of Borrower and Co borrower are ‘not’ distinguishable. Because of possible legal implications stemming from one borrower signing for co-borrowers without their knowledge or consent, Calyx has taken steps to ensure compliance through your software.
So, with the 9.0 release, we have designed Point to require a separate form to each borrower’s individual email address. Each borrower will receive a separate email with a TIL form that requires their signature—either ink or electronic.
If you have any questions about this feature of Point or any others, you can visit our Knowledge Base or call our support team at 800-342-2599 Monday-Friday 8am-7pm Central or email email@example.com.