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Calyx Sofware CLOSED on Labor Day!

Calyx Software will be closed on Monday, September 6, 2010 in observance of Labor Day. Offices will re-open for normal business hours on Tuesday, September 7, 2010, 7:00AM - 7:00PM CDT.

If you need assistance during this time, please visit the online Knowledge Base or the online User Guide.

Calyx Point® 7.2 Service Pack 2 Available Now!

This service pack was developed to address mandatory updates to the GFE 2010 Service Provider list as well as to provide additional functional improvements to the GFE and other features.  You must have Point version 7.2 to download this service pack.

This update provides the following critical solutions:

  • The Service Provider List has been updated with an improved interface and the ability to print multiple providers for each service
  • Forms 4506/4506-T have been updated
  • MLDS Form 882 has been added for California users
  • Lock boxes have been added to calculated fields and "Total from GFE 2010"
  • The HMDA report is updated to meet HMDA 2010 file specifications

Non-compliance related updates and enhancements include:

  • Screen fields have been improved to make "Credit to the Borrower" entry easier
  • Originator e-mail now auto-populates on the Good Faith Estimate
  • The USDA Guarantee Fee will now print for USDA/RHS loans
  • The loan amount will auto-populate on the VA Loan Comparison
  • The Initial Fees Worksheet no longer includes line item numbers
  • Fields for new vendor Servicing Solutions have been added to the Banker Shipping screen
  • Freddie Mac interface has been improved for data imports
  • The Cardex Database now populates the Loan Originator field
  • The Combined Transmittal Summary will now print correctly aligned

Understanding the Good Faith Estimate (2010)

The Department of Housing and Urban Development (HUD) issued a final rule under the Real Estate Settlement Procedures Act (RESPA) to simplify and reduce settlement costs for consumers. Organizations will be required to use the new standardized Good Faith Estimate 2010 after January 1, 2010.Get Read for the Good Faith Estimate 2010

With the new Good Faith Estimate there are new regulations in regards to the yield spread premium and the service provider list (recorded webinar included as a resource in this article)...read more

Yield Spread Premium (YSP) is given as a credit to the borrower...read more

Providing a list of service providers to the borrower
...read more

Introducing Point & PointCentral 7.2

Point and PointCentral 7.2 offer simplicity, flexibility, and functionality with significant new extras as well as updates for compliance with the latest Federal regulations. With new Federal compliance requirements going into effect on January 1, 2010, this is one release you can’t afford to miss.

Compliance Requirements

  • GFE Provider List: If mortgage companies permit shipping for required services, a separate form attached to the Good Faith Estimate is required as of January 1, 2010.
  • Loan Application (1003):   Fannie Mae requires a new Form 1003 to support mandates of the S.A.F.E. Act.  The new form must be used for all applications taken on or after July 1, 2010.
  • Transmittal Summary (1008):  Updated form includes new project classification codes required by Fannie Mae effective January 1, 2010.Introducing Calyx Point Point 7.2

New Features and Enhancements

  • Co-borrower Synchronization
  • Banker Screen Upgrades
  • Document Storage Improvements
  • Closing Documents Improvements
  • Product & Pricing Interface
  • Enhanced Rules Functionality *PointCentral
  • Audit Trail *PointCentral
    Provides the option to enable automatic logging of every field change, and which user was in the file at the time.

Read more about Point and PointCentral 7.2.

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