Calyx Software Gains 35 New Mortgage Service Providers in 2008.Company introduces new versions of Calyx calyx (kā`lĭks): see sepal. Point, Web Caster cast·er n. 1. One that casts: a caster of nets. 2. also cas·tor A small wheel on a swivel, attached under a piece of furniture or other heavy object to make it easier to move. products SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Calyx Software([R]) a provider of loan originating and processing software for the mortgage industry, announced it added 35 new mortgage service providers to The Calyx Network([R]) during 2008. The Calyx Network enables users of Calyx Software's Point([R]) loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software to connect directly with lenders and mortgage service providers, automating data exchange and streamlining the loan origination process. Among the types of service providers joining The Calyx Network in 2008 were companies offering services for mortgage closing documents, flood certification, title and escrow, hazard insurance Hazard Insurance Insurance protecting a property owner against damages caused by fires or severe storms. If the owner lives in an area that is prone to natural disasters, like earthquakes and floods, he or she may need a separate policy. , product pricing, and other outsourcing document service companies. Much of the Network's growth is attributed to the success of Calyx's Point loan origination software. During the year, Calyx introduced two new versions of the software, including the current version 6.2, which features the new FHA Loan FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders. Underwriting and Transmittal Summary form as well as the FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). HUD/VA 92900 addendum addendum n. an addition to a completed written document. Most commonly this is a proposed change or explanation (such as a list of goods to be included) in a contract, or some point that has been subject of negotiation after the contract was originally proposed by form, enabling Point users to process an FHA loan more efficiently through Point. Users can easily print and send documents directly to the lender in a timely fashion. Additionally, Calyx announced the latest release of WebCaster([R]), its affordable Web site service that enables mortgage professionals to market their business online. The latest version includes the integration of the Consumer Handbook on Adjustable Rate Mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. (CHARM) booklet, that is a mandatory disclosure to be presented at the time of application to borrowers who apply for a mortgage loan online. "During this turbulent time in the mortgage industry, it is rewarding to know that Calyx is still making a difference in loan origination software and continuing to improve upon the products and services that we offer our customers," said Dennis Boggs, executive vice president of Calyx Software. "As we move into 2009, we anticipate more change and are dedicated to providing mortgage professionals with flexible, easy-to-use, affordable software that benefits both the service provider and the loan originator from lead to close." About Calyx Software Calyx Software([R]) is dedicated to helping mortgage brokers, mortgage bankers, and direct lenders increase their profitability by providing reliable and affordable software that streamlines and optimizes all phases of the loan process. The Calyx Network connects loan officers and processors to over 300 lenders and service providers, using technology that allows all parties to exchange data easily. This seamless interaction, coupled with the robust features in the Calyx Point([R])solution product line, increases efficiency and maximizes profitability by enabling more loans to close quickly. For more information, call (800) 362-2599 or visit the company's Web site at www.calyxsoftware.com. |
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