June 9, 2010
BJ Bounds
If you’re spending too much time getting your mortgage loans to closing, you must not be using PointCentral. PointCentral has the banking functionality that mortgage bankers need to get back valuable time lost with complicated software with extraneous whistles and bells that sound good, but provide little utilitarian purpose.
PointCentral is designed with the mortgage banker in mind. With exceptional auditing and tracking capabilities, along with advanced security capabilities and reporting, PointCentral offers a complete solution. Functional banking screens such as fees & impounds, warehouse/funding, shipping, & more, electronic document storage and interfaces with best-in-class services vendors top off the package. A powerful rules engine that allows for field-level or action-based rules keeps all of your users following the company rules for consistency and compliance.
Get your hours back. Click here for a live demo or call 800-362-2599 for more information.
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Product Info & Tips | Tagged: affordable, Compliance, federal compliance, loan processing, mortgage solution, point, PointCentral | 
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Posted by BJ Bounds
May 24, 2010
BJ Bounds
With MDIA (Mortgage Disclosure Improvement Act), the only fee that can be collected up front prior to a loan application is a fee for the credit report. It also requires that the TIL disclosure must occur within 3 days of an application and loans cannot close within 7 days of when the borrower was initially disclosed.
So many rules; so little time! But PointCentral can simplify the process for your users. All you need to do is create Rules within PointCentral that will control the workflow for your business processes.
Action-based rules can trigger whenever your loan officers need to complete a required field or indicate in the loan status field that disclosures have been made. For instance, you can trigger a pop-up box that requests additional information be added to the loan file such as date of TIL disclosure, the APR on the date of the disclosure, and the method that the disclosure was sent to the borrower.
You can also trigger a pop-up box requesting that loan status information is updated per pre-defined workflow requirements or another that informs the user that no additional services can be ordered after disclosure per the MDIA 3 day window.
PointCentral allows for soft-stops and hard-stops that adjust to the needs of your business. For more information on how rules can help you with MDIA compliance, please call your account representative at 800-362-2599 for a demonstration.
Leave a Comment » | Compliance, Product Info & Tips | Tagged: calyx, Calyx Software, Compliance, federal compliance, loan processing, mortgage compliance, mortgage solution, PointCentral | Permalink
Posted by BJ Bounds
April 29, 2010
BJ Bounds
Are you concerned that your employees are not all on the same page when it comes to ethics and/or compliance? If you are a business owner with multiple loan officers using Point, driving appropriate behavior of your end users can be as simple as upgrading to PointCentral.
Far beyond the convenience of having a centralized document hub accessible from any secure Internet connection, PointCentral allows you to regulate access to your pipeline by individual users so that you can trust your customer data is secure. Advanced security features also enable screen, form, and field customization so that you can establish specific access points and information type. Additional controls like audit trail, field level control and vendor management give you the confidence in knowing you have the tools you need to monitor and manage your business.
With PointCentral, procedures you implement with your employees can be supported by access and action-based rules you set up and control—ensuring continuity and compliance.
Don’t wait any longer for the peace of mind you can get from PointCentral. Call 800-362-2599 or click HERE to schedule a demonstration.
Leave a Comment » | General, Product Info & Tips | Tagged: calyx, calyx point, Calyx Software, federal compliance, loan processing, LOS, mortgage software, mortgage solution, pipeline management, point, PointCentral | Permalink
Posted by BJ Bounds
April 23, 2010
BJ Bounds
We printed an article in our April Newsletter with Point tips that add to the convenience of your Point experience. They were such good tips, we decided to write about them here, too!
The first one makes working with the GFE2010 much easier. Point allows you to view two screens side by side so that you can compare data and update as necessary. So you can open the GFE and the Initial Fees Worksheet at the same time or compare screens from more than one borrower file!
To open multiple Point screens at the same time, pull up your borrower file. Click on the first data folder you need to see. At the bottom right of the data screen, click on the box next to “Keep Open.” Then proceed to the next data folder (in that file or another). Click on the “Keep Open” box for that one, too. Then go to Window>Tile vertically or Window>Tile horizontally (your preference), and Voila! Both windows appear in your data screen!
Point also allows you to automate a frequently run report to save you time and energy in searching for and running your reports. To keep your favorite report running automatically, first select the report you want by going to the Reports and Marketing tab and selecting the report.
If you are not using a Point defaulted report, you must first go to the Templates tab to create a customized Excel generated report. See Article #0553 for instructions on creating your own reports.
Once you have selected your report, click “Generate.” You will then see “Keep the report results open” option in the middle of your report results screen. Check the box. Now, every time you select the reports tab, this particular report will automatically generate! This tool is available for any report that can be displayed in an excel preformatted excel file but the “display within point” option must also be selected
See our tip sheets for more information on reports and using multiple screens.
2 Comments | General, Product Info & Tips | Tagged: calyx, calyx point, GFE 2010, good faith estimate, loan processing, LOS, mortgage solution, point, PointCentral | Permalink
Posted by BJ Bounds
April 19, 2010
BJ Bounds
April 30 marks the last day you can execute a binding sales contract to qualify for the $8000 home buyer’s tax credit. With interest rates increasing and several recent unpleasant federal developments, it’s getting harder to keep up.
Are you feeling a little stressed out?
If you’re using Point, there are some useful features that can take the edge off and help you get through each loan even faster.
- Use the loan checklist to manage your conditions & milestones. See Knowledge Base article #0584: Tracking Loan Status and Progress
- Use Doc Storage to organize your conditions to keep a clean file for underwriting. See Knowledge Base article #0631: Store documents with the Point file
- Use Services & Interfaces for seamless electronic delivery of important documents.
- Request credit reports, flood certifications, employment verifications, closing documents, request initial disclosures, and underwriting findings.
- All these can be done electronically, without having to leave Point.
- All returned documents drop right into Document Storage in the appropriate borrower file
- If your file is complete, you can order all of the main services in 7 minutes! For more information, visit the Calyx Network page.
If you are interested in learning more about the tax credit or other industry information, the following links will connect you to the latest news and announcements.
1 Comment | Calyx Network, General, Product Info & Tips | Tagged: calyx, calyx point, Calyx Software, federal compliance, loan origination, loan processing, mortgage compliance, mortgage software, mortgage solution, point | Permalink
Posted by BJ Bounds
March 10, 2010
BJ Bounds
Give your fingers the rest they need. Use Point to order all of your Closing Docs! With Point’s Services and Interfaces connections, all of your loan data is transmitted seamlessly from Point to the vendor of your choice—no need to retype all of the borrower information!
Through the Services menu, you place your order—and you’re done! It’s as simple as the screen shot you see here.
Through the Interfaces menu, you’ll finish out the process on the vendor’s website that pops up in your Point screen.
Either way, you’ll get a reference number for tracking information and when the documents come back, they’ll be dropped right into the file that started the whole thing. That’s right—all documents are associated with the borrower’s specific file and stored electronically as part of the original loan package. From there you can print or email those documents—whatever you need!
Simplify your life with the Calyx Network. Check out Services>Closing Documents>Request Documents or Interfaces>Closing Docs in Point today!
Leave a Comment » | Calyx Network, General | Tagged: calyx, Calyx Network, calyx point, loan processing, LOS, point | Permalink
Posted by BJ Bounds
February 24, 2010
BJ Bounds
This week is turning out to be a great week for new Point tips and helpful features. If you’ve been frustrated with moving reports out of Point into Excel just because you have customized formulas built into Excel, I’m about to make your day.
Yesterday I talked about creating customized reports in Templates, referencing Knowledge Base article #0553. There is one step in those instructions that will capture your excel formulas in Point as you create a customized form.
If you go to Step 12, second bullet, there is an option for “Display Results in Excel.” Beneath that bullet are two sub-bullets. The one you will want to use is “Results in a pre-formatted Excel file.” By selecting this option, you can select the spreadsheet that contains your formulas. And this spreadsheet, with your formulas, will generate each time you use the new report template you just created!
You can always search through our Knowledge Base for more helpful hint or call our support team at 800-342-2599.
2 Comments | General, Product Info & Tips | Tagged: calyx, calyx point, loan processing, LOS, mortgage software | Permalink
Posted by BJ Bounds
February 8, 2010
BJ Bounds
Here’s one more in my random series of helpful hints. This one is going to be really short because it’s really simple.
If you are having trouble figuring out something in Point, Hit your F1 key. That opens up the Help window and you can search for your topic.
If F1 doesn’t quite answer your questions, check out the Knowledge Base at www.calyxsupport.com. Calyx Support also has a chat and email feature for help during business hours. And if all else fails, you can always speak with our help technical support people at 800-342-2599.
Happy Point-ing!
Leave a Comment » | General, Product Info & Tips | Tagged: calyx point, loan origination, loan processing, mortgage software, mortgage solution, point, PointCentral | Permalink
Posted by BJ Bounds
January 25, 2010
BJ Bounds
Did you know that you can create vibrant and effective marketing documents directly through Point? You Can! Point gives you the option to design, build, and print any marketing document through Point, with the capability to merge the documents with your current Point contacts! Market to potential buyers, past clients–whoever you want to—all from Point.
It’s all about creating custom forms. It is really easy and you can make it as fun as you want to. Modify colorful Word templates or design a simple welcome letter—it’s up to you.
- The first step in creating a new custom form is to set up a Custom Form Template. In the Navigation Panel on the left of the Point screen, click the Templates tab. Select the Custom Forms/Letters/Email checkbox and then click the New button. The New Custom Form window appears. Enter a name for the form you want to create, and click OK.
- Microsoft Word® opens, showing a blank document, along with the Point Custom Form window.
- In Microsoft Word, you can create your form, and select Point fields from the Select Point Field dropdown list to insert Point merged fields into your document. Once you select a field, click the Insert button to put it into your document.
- If the field you need is not in the dropdown list, select Other Point Fields Not Listed Above and click Insert. The Insert Point Field window will appear. Enter the Field ID and click Insert.
- When you are finished creating your document, click Save, then click Close.
If you already have templates or documents in MS Word that you’d like to use, we’ve got you covered, too! You can easily import those documents into Point to use with your contacts.
- In Point’s left navigation panel, click the Templates tab. Select the Custom Forms/Letters/Email checkbox, and then click the Import button at the top of the workspace. If the Word document contains Mail Merge fields, the following message appears stating that those fields are no longer available after import. Click Yes.
- The Select Word File(s) to Import box will appear. Highlight the Word file or files you want to import and click Open.
- The document you selected is added to Point.
And you’re done! If you want to see screen shots, you can follow the link here to see instructions for Custom Forms and other tips you can use!
7 Comments | General, Product Info & Tips | Tagged: calyx point, loan marketing, loan origination, loan pipeline marketing, loan processing, LOS, marketing, marketing in Point, mortgage compliance, mortgage solution, pipeline management, pipeline marketing, point, PointCentral | Permalink
Posted by BJ Bounds
January 22, 2010
BJ Bounds
The new GFE has generated countless questions and more confusion than even we could expect. If you haven’t already seen it, the Niche Report published an article by Joshua Weinberg that really helps walk you through the process and explains it in clear detail. You can find the article here.
But if you would prefer to step through the process in Point specifically, I’m about to make your day. This is all about the YSP and how you report it in your software so that it appears in the correct spot in the borrower’s file.
Yield Spread Premium (YSP) will ONLY be considered as a credit to the borrower. All compensation to the Originator expects to receive must be clearly indicated up front, and may not change. This means that Originators are required to enter any and all amounts they desire to be compensated with on line item 801: Loan Origination Fee on the Initial Fees Worksheet.
- Go to the Initial Fees Worksheet.
- In the Compensation to Broker section, enter the YSP.
**You must enter YSP here so that it will transfer to the GFE 2010 as a credit.
- Scroll down to the 1300: Additional Settlement Costs section.
- Enter the YSP into any of the user defined fields as a negative number. (For example: -2000)
**You must enter the YSP again into this section so that the YSP is applied as a credit on Loan Application Pg. 4 to be included in “Cash to Close.”
- Go to the Good Faith Estimate 2010.
- Check the box, Borrower receives a credit of…
**Checking the box applies the YSP as a credit on the GFE 2010
That’s it! If you would like to see screen shots illustrating these steps, go to article # 0678 in our Knowledge Base.
4 Comments | Compliance, Product Info & Tips | Tagged: affordable, calyx, calyx point, Compliance, GFE 2010, good faith estimate, loan origination, loan processing, mortgage compliance, mortgage software, mortgage solution, point, RESPA, YSP | Permalink
Posted by BJ Bounds
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