June 18, 2013
LoanScoreCard 4.1 was released last night. LoanScoreCard is your affordable one-stop-shop for FHA and custom findings reports. Yesterday’s update included several changes to messaging as well as new functionality.
The updates in 4.1 include:
- New/Updated FHA Messages
- Inclusion of all borrowers from all 1003’s in header section of Findings Report
- Handling of unmatched/mismatched mortgage and HELOC liabilities
- Changes to the Income Information grid on the Findings Report 5
- FHA Case Run #
For details on this latest LoanScoreCard update, see the Release Notes.
If you’d like to learn more about LoanScoreCard, visit our website or call your account manager at 800-362-2599.
June 11, 2013
The June Calyx Network Update (I-Update) took place last Monday, June 3. If you are currently on Point 8.1, you may have seen some changes to a few printed forms. These updates were necessary but are only available to users on the latest version of Point.
Here are the forms we updated:
- FHA Notice to Homebuyers: This form was updated to comply with HUD’s Monthly Insurance Premium changes
- VA Loan Analysis (VA 26-2693): The form date was updated to comply with latest requirements
- FHA Consumer Choice Disclosure Notice: This form was updated to comply with HUD’s Monthly Insurance Premium changes
- VA Loan Comparison: This form was changed to include the Lender Credit from Block 2 of the GFE in the Total Closing Cost charge in the Loan Comparison
Need to get current so you can ensure compliance with the ever changing federal regulations? Call your account manager at 800-362-2599 today.
June 6, 2013
Who knew that today begins a four-day party known as Superman Days in Metropolis, IL?
Who knew there was a really a city called Metropolis? Not me!
Superman Days is an annual event in Metropolis, IL. It’s everything SUPERMAN! It sounds like so much fun! I can’t believe I never knew about it. Not that I would make a special trip to Illinois to attend, but if by chance my company had an event near there, I’d be all over it. Celebrities, shows, entertainment—it’s all there!
This year they’re going to try to set a new record for the Largest Gathering of People Dressed as Superman. It only makes sense that the record return to the Home of Superman. Right now the current record is held in Canada. I wish the people of Metropolis the best of luck! It’s got to be great for business. Can you image how crazy busy the local costume stores have been lately?
Who wants to go to Superman Days?
June 4, 2013
We introduced Path™ to the market in April at MBA Tech with special showings there and again at MBA Secondary in May. If you missed either of those shows, you missed seeing the coolest Calyx demo ever! We’re still excited about Path and what it can do for our lenders.
Path is completely web-based with data—owned by you—maintained in the cloud by Microsoft’s Azure™ platform. Path features a pipeline view for configured by role, so users only see what they need to see to do their job. Here are just a few more of the special features you’ll find in Path:
- A unique role-based workflow
- 100% web-based accessibility that runs on the most-popular browsers (Google Chrome™ Safari®, Firefox®, Internet Explorer®, etc.)
- Configurable operating units user groups that mirror each client’s organizational structure
Is Path right for you? Find out at www.calyxsoftware.com or call your account manager at 800-362-2599 to schedule your own demo.
May 30, 2013
As a reminder, MyCalyx will be updated on Monday evening, June 3.
.NET 4.0 Framework, free from Microsoft, is required for MyCalyx 1.4. MyCalyx will automatically install .NET 4 if it is not present on each Point computer but the update process could take 10 minutes or longer.
Check out our Knowledge Base article #844 to learn if you have the correct version of .NET on each Point computer. If you don’t have the correct version, you can follow the link in the article that takes you to the free download.
You can find additional installation information on our Knowledge Base article # 846 and technical notes on Knowledge Base article #847.
If you have questions please contact our Customer Support Group during our normal business hours, Monday – Friday 8am-7pm CDT at 800-342-2599 or email@example.com.
May 29, 2013
In January, HUD came out with Mortgagee Letter 2013-04 which puts in place changes for FHA loans effective next Monday, June 3. For all FHA loans with case files assigned on or after June 3, 2013, Monthly Mortgage Insurance will be required for the life of the loan, or 11 years. Mortgage Insurance premium amounts were also increased effective April, 2013.
In the Network Update scheduled for June 3, Calyx will automatically update the FHA Notice to Homebuyers (HUD-92900-B) and FHA Consumer Choice Disclosure Notice. This forms update is automatic for all computers on Point 8.1, the most recent version.
If you have loans assigned an FHA case number prior to June 3rd, we recommend:
- Printing the existing form from Point before June 3, or
- Accessing the old disclosure form at Knowledge Base article #849. This article also includes information on additional steps you must take to ensure compliance with the new FHA Consumer Choice Disclosure Notice.
Computers on earlier versions of Point (prior to 8.1) will not receive the form update. We strongly recommend you update to the latest version to remain in compliance with FHA. Accounts on previous versions of Point can manually download the new form from the HUD website.
Call your account manager today at 800-362-2599 if you need to update your account. If you have questions, please contact our Customer Support Group during our normal business hours, Monday – Friday 8am-7pm CDT at 800-342-2599 or firstname.lastname@example.org.
May 24, 2013
Monday is Memorial Day. This is the day dedicated to honoring the veterans who gave their lives serving our country.
Like many of you, we’re taking Monday off to celebrate this national holiday. We hope all of you enjoy the long weekend.
We look forward to helping you when we’re back in the office on Tuesday, May 28th.