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Calyx Software Releases Point Version 7.1

In order to comply with the federal and any state requirements stemming from the S.A.F.E. Act under new FHFA regulations, Point 7.1 offers applicable input fields and prints the NMLS number and license number (if applicable) of the loan originator, loan originator company, branch and the control person on the top of all forms. Additionally, Point 7.1 complies with HUD's final rule of the revised RESPA regulations that requires loan originators to provide a new standardized Good Faith Estimate (GFE) statement effective January 1, 2010. To help customers transition to the new form, Point 7.1 uses the existing GFE to populate most of the fields and calculations for the new GFE (called the GFE 2010).

New features included in Point 7.1 include the ability to populate Forms 4506/4506-T within a Point screen and print them out complete with other forms needed during the application process. This significant feature, which enables larger, bolder font for mandated fields, will reduce the number of requests denied by the IRS due to illegible forms. Enhancements to Direct Connect title/escrow screens allow increased customization to the interface. "The 7.1 upgrade is necessary primarily because of the latest federal requirements but the bonus forms and improved functionality really contribute to its appeal," said Doug Chang, president of Calyx Software. "We always look for ways to provide Calyx customers with affordable tools that will keep them productive and compliant."

Point provides electronic storage for all loan documentation and imaging. Point also features comprehensive reports such as instant loan status information, cost of doing business, and a book of business summary. With robust features, flexible reporting capabilities, and ease of use, Point is the ideal system of record for mortgage professionals.

Calyx Software, the #1 provider of mortgage solutions for banks, credit unions, mortgage bankers and brokers, is dedicated to offering reliable and affordable software that streamlines, integrates and optimizes all phases of the loan process. Point, the preferred application for mortgage brokers and bankers, offers advanced technology with functionality and simplicity that makes loan processing fast and easy. A complete end-to-end platform, PointCentral enables a secure, efficient workflow with centralized storage and remote access. Using Calyx Network, loan officers can connect automatically with over 200 vendors and service providers with high-speed, seamless interaction. With Point SDK companies can easily integrate their current customer relationship management system, sales tools, lead generation software or any other back office systems with Calyx Point. All Calyx products are designed to maximize profitability by enabling more loans to close quickly. For more information, call (800) 362-2599 or visit www.calyxsoftware.com.

Calyx Software
BJ Bounds, 214-457-0276
bj_bounds@calxysoftware.com