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


Are you ready for QM?

September 19, 2013
BJ Bounds

BJ Bounds

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.

Labor Day!

August 30, 2013
BJ Bounds

BJ Bounds

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!

Relaxation Day

August 15, 2013
BJ Bounds

BJ Bounds

Today is Relaxation Day.  For those of us in the mortgage industry, this day is coming at a good time.  As summer winds down, business will too.  The focus now turns to back to school and settling in.

 Today is a good day to start thinking—leisurely of course—about what you’re going to do professionally as business begins to slow down for the season. 

Is this your “spring cleaning” season—the time you spend organizing your files or maybe evaluating your business tools and look for ways to become more efficient?  It could be.

 As we head into the slower home-buying season, now is the best time to make sure you’re prepared for the next round of compliance mandates. The Ability-to-Repay/QM rule goes into effect on January 10th.  You’re going to want to make sure your processes are in place to consistently produce Qualified Loans. 

 We gave Point clients the opportunity to test current files with the QM button in Point 9.0’s release on August 8.  The QM button gives you a comprehensive findings report in seconds.  Run it as many times as necessary to ensure compliance throughout the loan process.

 So today, while you’re relaxing or surfing the web, visit our What’s New page to see a sample QM findings report.  Not having to worry about QM in January will give you a whole new perspective on Relaxation Day!  Enjoy!

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!