February 20, 2013
Your HMDA report for 2012 is due in 7 business days. Do you have all your data ready?
Point® makes it easy to product and submit your report but you need to have your loan data in the right place to ensure it exports accurately through the FHA interface found within your software.
Do you know have unmarried co-borrowers for the reporting period? If so, there are additional steps you may need to take. Visit our Knowledge Base article to find out for sure if you will be affected. If you find you have unmarried co-borrower files in your HMDA report, call our dedicated HMDA support line at 866-302-2599.
More information on HMDA and the FFIEC can be found on the FAQ page.
February 6, 2013
It’s time to update your Point® software! Point 8.0 Service Pack 2 is now available for download at MyCalyx.com®.
SP2 has several compliance updates along with a updates and modifications to forms, interfaces and screens. Administrators should push this update to users as soon as possible.
Here are just a few of the highlights you’ll find in this software update:
- The Fees Worksheet block 2 has been updated with editable percentage or dollar amount fields and locked calculation fields that accurately reflect amount changes to the credit fields
- Several HUD forms have been updated with mandatory changes
- The Anti-Steering Disclosure has been updated to match the Good Faith Estimate
- The CLTV has been updated to properly reflect when a second mortgage amount is added
For additional details, visit the Release Notes or call our support team at 800-342-2599.
Account not current? Call your account management team today at 800-362-2599 to find out how our convenient monthly payment plan can simplify your budget and keep you in compliance.
January 8, 2013
Are you missing your USDA Annual Fee in “Total Payments?” If so, your calculations are not going to be correct.
If you’re having this issue, it means you are on Point® 8.0 but have not yet downloaded the Service Pack which resolves the calculation. We have published a Knowledge Base article that addresses this particular calculation in the TIL.
Check what version you are using and ask your MyCalyx® Admin to push Point 8.0 SP1. Instructions for doing that can be found here.
If you have additional questions, feel free to browse our Knowledge Base or you can call our helpful support staff at 800-342-2599.
October 2, 2012
We’re launching Point® and PointCentral® on October 11! This release is one of our most exciting releases because it heralds the imminent arrival of Calyx Mobile™!
This release has all the functionality needed to work with the Mobile Apps when they become available in just a few more weeks! 8.0 also includes new and updated forms to help you with compliance.
In addition, you’ll see these cool new features:
- A new Loan Pipeline view gives you a central location to view and manage all of your loans with automatic and customizable settings
- Point can now check for new loan applications that have been submitted through WebCaster, notify you, and drop them automatically into a data folder of your choice
- The Advanced Search feature now has 11 additional options to help you easily find the loans you need
PointCentral users also have the ability to reconcile their PointCentral and MyCalyx® user accounts with the new Digital Key that will also track mobile users. You’ll always know what’s going on with your accounts—and your users!
Don’t miss Point and PointCentral 8.0 when they launch on October 11. Make sure your account is current or call 800-362-2599 to get the best solution for your business.
September 11, 2012
As we exit the waning summer months and enter the final months of 2012, we are going to be busy here at Calyx and we have some exciting product news to tell you about.
Starting in October, we’re introducing our latest Point® and PointCentral® versions 8.0. 8.0 has some great features for convenience along with quite a few forms updates that you’ll want to have to stay compliant. Also included in 8.0 is the functionality needed for our next introduction, Mobile Apps.
The Calyx Mobile Apps are scheduled to launch in early November. We know a lot of you have been anxiously awaiting this introduction so you will be thrilled to know it’s almost here! The mobile apps are designed for both the iPhone and Android.
Following on the heels of the mobile apps, we’re going to launch Beta testing of our new cloud-based LOS, Path™. Path offers a combination of event-based / workflow architecture and notification system to help you manage both production and risk.
If you want to be the first to learn about new or upcoming products and events, sign up for email notification. You can opt out of all or selected notifications at any time.
June 27, 2012
The Equal Credit Opportunity Act makes it unlawful for a creditor to discriminate against any applicant for a myriad of specified reasons. If credit is denied, creditors must provide disclosure to the applicant as to the reason for denial typically within 30 days. Details on Reg B can be found here.
PointCentral®gives you the tools you need to stay on top of Reg B requirements with Business Rules and Reports that you can customized to suit your needs.
- Create a custom Business Rule that pops up if the user has a Prospect for which credit has been run, and for which the file status is switched to Denied, and for which a Notice of Action Taken has not been prepared. The rule prevents saving the Status until the Notice of Action Taken has been prepared. Learn more about setting up custom rules here.
- Point offers 4 options for Notices: Notice of Incomplete Application, Notice of Counter Offer, Notices of Withdrawn Application as well as Notice of Credit Denial. Learn more about completing the Notice of Action Taken here.
- Create a custom report to run every 27 days to catch files for which Credit has been run, have not moved beyond Prospect status, and have not had a Notice of Action prepared. Learn more about creating custom reports here.
If you’d like additional help setting up your business rules or custom reports, you can learn by sitting in on one of our free online training classes or you can talk to your account rep at 800-362-2599 about a personal consultation with one of our experts
June 12, 2012
Appraisal Firewall and Calyx Point can help you! Appraisal Firewall is a technology solution fully integrated into Point that gives lenders access to their preferred appraiser panels.
From within Point, you can access your trusted local appraisers to place orders and receive appraisals back into Point – all the while complying with each and every appraisal independence regulation the Fed and investors have handed out. The more origination and processing work you can do right from within Point the better – so you can reduce costs, stop bouncing in and out of your favorite LOS, and maintain efficiency.
Appraisal Firewall is available right from within your Interfaces menu in Point – just a quick couple of steps to get setup and you will be ready to go. Although Appraisal Firewall is not an AMC, they offer connections to over 50 of them through their technology as well as to your individual appraisers.
You may have heard of their parent company SharperLending. SharperLending has been a Point partner for over a decade and they are excited to be able to offer Point users a solution that connects them directly to the appraisers they know, like and trust. For more information on Appraisal Firewall or SharperLending contact Jim Norman or leave a comment here on the Calyx Corner Blog.
November 16, 2011
Point 7.5 is currently scheduled for full release on December 1. However, because of the ULDD reporting deadline, we have made a BETA version of Point 7.5 available now.
MyCalyx Administrators will see a BETA version available on the version list in MyCalyx. We recommend you only download the BETA on a few machines to test the new ULDD functionality and become familiar with it prior to the full release.
The ULDD functionality has been fully tested and is ready for you to use in time for the December 1 reporting deadline. Other components of Point 7.5 are still being tested and will be available on the scheduled December 1 release date.
If you have any questions, please contact our technical support team at 800-342-2599. If you need to update your software, contact your account representative at 800-362-2599 to make sure you don’t miss the ULDD deadline.
October 6, 2011
You’ve asked for it and now you’re going to get it. Arriving in time for your compliance deadline, we expect to include the Uniform Loan Delivery Dataset (ULDD) in our November release of Point 7.5
The functionality in Point for ULDD will allow you to collect data and electronically deliver your files to GSE’s per the latest requirements.
For more information on ULDD, visit the FAQ pages for Fannie Mae or Freddie Mac.
We’ll see you at the Calyx User Conference on November 15 in Las Vegas.
September 29, 2011
The concept of being “all things to all people” is not only a lesson in futility; it’s a recipe for mediocrity.
In business, sometimes an “all in one” solution is good for initial revenue but bad for your clients in the long run. How do you excel in your primary mission if you take on additional ones that complement your mission but are best accomplished by others with specific expertise?
The answer is, you don’t. You stop excelling in your original mission and lower your operational standards in order to maintain the various functions of your other business.
Sometimes it’s better to stick with what you do best, and do it as best you can.
Here at Calyx, we develop software solutions for mortgage professionals. That’s what we do and we do it well. That’s why we’re still #1 after 20 years. We let the experts in complementary business do what they do best.
We are proud that so many best-of-breed providers interface with us to give our clients the power to choose among them for the additional services they need.
Get expertise; get choices with Calyx.
To see a list of preferred vendors available through your Point software, visit our Calyx Network page. If you’d like to learn more about what we can do for your business, call our account representatives at 800-362-2599.