Calyx Software Reports Record Number of Network Transactions.More Than 13 Million Transactions Processed between Originators and Their Service Providers and Lenders over The Calyx calyx (kā`lĭks): see sepal. Network BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- Calyx Software([R]), the mortgage industry's leading provider of loan marketing, 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 and processing software, reported 13.4 million business transactions were processed on more than 10 million loan files over The Calyx Network([R]) during the first nine months of 2007. The transactions stemmed stemmed adj. 1. Having the stems removed. 2. Provided with a stem or a specific type of stem. Often used in combination: stemmed goblets; long-stemmed roses. from over 23 million exchanges between users of Calyx'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. system and the more than 300 participating lenders and service providers. The Calyx Network enables mortgage professionals to electronically request services from a wide range of service providers, including appraisers, credit reporting, flood certification, title and escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. service companies, and automatically process and attach supporting data and documents to electronic loan files within Point, dramatically reducing data entry and loan processing cycles. The Calyx Network also provides electronic connections to lenders for pricing, approving, locking and closing loans. Between January January: see month. and September this year, more than 310,000 desktops from over 44,000 mortgage companies participated on The Calyx Network. "Originating a loan is not a simple, one-party process," said Dennis Boggs, senior vice president at Calyx Software. "Our clients look to us to not only automate To turn a set of manual steps into an operation that goes by itself. See automation. their internal processes, but also to streamline their external processes with loan service providers and lenders. The number of Calyx Network participants and transactions continues to grow dramatically, creating greater and greater efficiencies for all parties involved in the origination." The Calyx Network provides a secure and reliable communications gateway between participating parties. Lenders connecting to The Calyx Network benefit from improved quality control, easier exchange of data with originators, and a streamlined method for ensuring originators possess updated information on their company's products. New service providers and lenders are updated to The Calyx Network on a bi-monthly basis. New lenders joining the network typically require less than three weeks to integrate with the platform. About Calyx Software Calyx Software([R]) is dedicated to helping mortgage brokers, 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. , 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 more than 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion