Alliance Housing Assistance Becomes First Non-Profit Gift Program Named as Preferred Point Partner.Business Editors HOUSTON--(BUSINESS WIRE)--Dec. 10, 2002 United American Housing and Education Foundation (UAHEF) announced today that its highly regarded Alliance Housing Assistance Program (AHAP AHAP Alaska High-Altitude Aerial Photography AHAP As High As Possible AHAP American History Advanced Placement AHAP Asbestos Hazard Abatement Plan ) has been accepted as a Preferred Point Partner(TM) by Calyx calyx (kā`lĭks): see sepal. (R) Software. AHAP is the first non-profit gift program to be given this recognition. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a 2001 study conducted by Wholesale Access, more than 20,000 mortgage companies in all 50 states use Calyx Point software. In fact, 55 percent of mortgage brokers and direct lenders use Point(R) - a figure greater than all other mortgage automation applications combined. Effective with the release of Version 4.1 next year, Point users can apply for AHAP down payment support without having to leave the software or fill out a separate form. The Alliance Housing interface extracts the required data from the Point file, populates the necessary forms, and forwards the paperwork electronically to UAHEF for immediate processing. UAHEF Executive Vice President David Hail Hail, city, Saudi Arabia Hail (hä`ēl, hīl), city (1993 pop. 176,757), N central Saudi Arabia. The city grew because of its location on a pilgrimage route from Iraq to Mecca. said, "Participation in the Preferred Point Partner program means that brokers and home buyers have faster, more effective access to down payment assistance funds. Our Preferred Point Partner interface makes it easier for mortgage professionals to use a powerful tool that can close more loans and help many more families realize the dream of home ownership." About UAHEF and the Alliance Housing Assistance Program: The United American Housing & Education Foundation (UAHEF) is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. whose purpose is to make the dream of home ownership a reality for as many prospective homebuyers as possible throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . UAHEF created the Alliance Housing Assistance Program to effectively address one of the most crucial elements to the "Affordability Challenge" - the lack of funds for down payment and closing costs Closing Costs The numerous expenses (over and above the price of the property) that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, . The Alliance Housing Assistance Program provides gift funds to prospective homebuyers, thus helping to bridge the "Affordability Gap" by allowing a prospective homebuyer home·buy·er n. One who is in the process of buying a home. to purchase participating homes with little or no cash out of pocket. About Calyx Point: Calyx Point is a mortgage automation application that simplifies and automates loan marketing, pre-qualification, origination and processing to ensure that loans are closed more quickly. Point provides the breadth of functionality and flexibility that loan officers and processors require. And like the product name itself, Point provides a single point to and from which mortgage-based information is exchanged with a wide array of lenders and services. |
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