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Calyx Software Maintains Dominant Market Leadership Position in Loan Origination Systems.


Market Share at 67.9 Percent 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.
 Wholesale Access Mortgage Broker Study

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 calyx (kā`lĭks): see sepal.  Software([R]), the mortgage industry's leading provider of loan marketing, originating and processing software, reported a market share of 67.9 percent from the recently completed Wholesale Access 2006 Mortgage Broker Study. Calyx Software has maintained a consistent market-leading share of 67.9 percent for the last two Wholesale Access studies.

Wholesale Access is a research, advisory and publishing company, founded in 1991, focused exclusively on the mortgage finance industry. The 2006 Wholesale Access Mortgage Broker study was conducted to monitor the role and value of mortgage brokerages in the origination Origination

The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.

Notes:
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real
 of residential mortgages and represents the company's eighth study of the industry. The research examined broker revenue and expense structures, demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. , use of technology, products, operations, wholesaler relationships and economics.

"Based on our 2006 survey, which was fielded in early 2007, Calyx has maintained its dominant market share of two-thirds since 2002 and is the market leader for 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.
 systems (LOS)," said David Olson, president of Wholesale Access. "Most firms are satisfied or very satisfied with their current LOS provider, so we see little change in Calyx's market share in the future."

Calyx's Point([R]) application provides comprehensive mortgage functionality for loan marketing, prequalification, origination, underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
, processing, management and reporting. The company recently released Point version 6.0, which expanded capabilities for both brokers and mortgage bankers Mortgage Banker

A company, individual or institution that originates, sells and services mortgage loans.

Notes:
Don't confuse a mortgage banker with a mortgage broker.
.

"We are extremely pleased that Calyx Software continues to be the overwhelming vendor of choice for loan origination systems," said Dennis Boggs, senior vice president of Calyx Software. "Calyx is focused on the needs of our customers and will continue to provide feature rich product enhancements to Point that are easy to use and reliable, enabling customers to remain successful in any market condition."

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 numerous 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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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Article Type:Company overview
Date:Aug 20, 2007
Words:404
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