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Calyx Software Holiday Hours
Calyx Software will be closed the following days in observance of Thanksgiving:
Thanksgiving Day
Day After Thanksgiving
November 26, 2009
November 27, 2009
Calyx Software will re-open for normal business hours 7:00AM - 7:00PM CST, Monday, November 30, 2009. Please visit our Knowledge Base or download one of the User Guides, to get answers to your questions during off hours.
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: Mortgage companies are required to list service providers on a separate form attached to the Good Faith Estimate, 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.
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.
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.
Point version 7.1 introduces the new Good Faith Estimate (2010) for you to familiarize yourself with the form and be ready for change. You can use Knowledge Base article 0654 Good Faith Estimate (2010), which will guide you through the new form.
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.