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Calyx Software offers automated VOE/VOI.

Calyx Software, San Jose, California, announced the addition of a verification of employment (VOE) and verification of income (VOI) category within its Calyx Network, which is designed to connect users of Calyx Point[R] loan origination software (LOS) to participating employment-verification and income-verification vendors.

The addition of the VOE/VOI category allows mortgage brokers and bankers to request up-to-date, fraud-proof verifications of employment and income without leaving the loan file in Calyx Point, according to Dennis Boggs, senior vice president of Calyx Software.

By accessing the services menu within Calyx Point, brokers can directly request verification of a borrower's employment and income from The Work Number[R], a division of St. Louis-based TALX, a leading provider of automated employment and income verification, said Boggs.

"One of the biggest challenges in the loan closing process is managing the steps to request and receive income or employment verification," said Boggs. "Integrating The Work Number within the Calyx Network instantly connects brokers to this information, further speeding the loan process."
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Title Annotation:TechNewz; verification of employment; verification of income
Comment:Calyx Software offers automated VOE/VOI.(TechNewz)(verification of employment)(verification of income )
Publication:Mortgage Banking
Article Type:Brief article
Date:Jan 1, 2008
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